Social Media and Bad Financial Advice

The conversation explores the dangers of financial advice on social media and the importance of being cautious when following influencers. It also discusses the misconceptions surrounding 401(k) plans and the benefits they offer. The hosts debunk myths about debt and highlight the need for responsible financial planning. They emphasize the importance of seeking advice from fiduciaries and offer free portfolio reviews. The conversation concludes with a game of guessing dead celebrities who died without an estate plan. In this conversation, the hosts discuss the importance of having an accessible estate plan. They share a story about Florence Griffith Joyner, an Olympic athlete who passed away without a clear estate plan, leading to a bitter battle between her husband and mother. The hosts emphasize the need to make estate plans easily accessible to the responsible party and highlight the potential consequences of not having a plan in place. They also discuss the importance of planning ahead and having conversations with loved ones about important decisions. 

Reach out to Chris or Jon at 602-497-1322 or https://www.prospectwealthadvisors.com/

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