Tom Morgan has worked in the financial advice industry for 12 years. He recently decided to go it alone (as a financial advisor) because he has big concerns about how the industry works. 🤝 Improve your finances with our adviser service - book free consultation: https://makingmoney.email/financial-advisors-video 🎉 Sponsors Hostinger (build your website) - and use the code MakingMoney to get 10% off: https://www.hostinger.com/makingmoney ✉️ Newsletter If you want a summary from this episode in an easy format, please subscribe to our newsletter: https://makingmoney.email/S3E9 Disclaimer: This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00-00:37 - Intro 00:37-08:10 - Does the industry provide value? 08:10-14:57 - The St. James’s Place Model 14:57-15:54 - Hostinger Ad 15:54-19:59 - Fees 19:59-26:01 - Key questions to ask a potential advisor 26:01-29:23 - Is the industry properly regulated? 29:23-36:00 - Where should people go for guidance? 36:00-44:40 - What a financial plan could give you 44:40-48:21 - When could you stop saving? 48:21-53:01 - Advice for those just starting out 53:01-55:53 - Key takeaways