Financial advisors can be useful for lowering risks and creating an investment strategy. However, Jeff Mount, President of Real Intelligence LLC, discusses the downside of hiring advisors and his negative experience. Jeff shares details of his disruption app, Dynamic Map, which enables users to efficiently plan their finances for little to no cost. Avoid getting taken advantage of for your lack of financial literacy by identifying and distributing your liabilities effectively. 

Takeaways:

• 85% of investors don’t have financial advisors. This is producing mass financial literacy nationally. 
• Jeff’s app, Dynamic Map, enables families to manage their risks and view all possible projected outcomes which allows for strategic thinking in advance. Standard financial planners take weeks to set up and months to understand, but Dynamic Map is quick and efficient. 
• Most people are unaware that in the financial services industry there is a wholesale layer of distribution which adds additional cost.
• When choosing advisors, ask yourself if they are ethical, if they have your best interest over their commission, and if they know more information than you.
• A growth in financial literacy would benefit our social society immensely. It would reduce taxes for social programs as everyone is doing better, and eliminate pessimism that goes from generation to generation regarding investing

Links:

• Dynamic Map App: https://apps.apple.com/us/app/dynamic-map/id1498914263 
• Website: www.realintelligence360.com 
• Facebook: https://www.facebook.com/Dynamic-Map-by-Real-Intelligence-105657214349521/ 
• Podcast: https://open.spotify.com/show/6wSiopoQ8x4kTUfU09AbkE?si=lLvb3DpIT5GZVAMsSZ-taQ&dl_branch=1 

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