Look for Results

Where do most people turn to when they want to get advice about wealth creation?

The most logical thing to do is to approach a financial advisor. The name of the job itself tells you that this person is the one to go to when you need to learn about money.

Like any other profession, there are also good and bad financial advisors. But when it comes to financial advice, you literally can’t afford to work with one of the bad ones.

So how do you figure out what a bad financial advisor looks like?

The answer is they don’t have the results. Many advisors can show you that they’ve done good work for their clients. But the only thing you need to see is if they’ve done good work in the area that you want to invest in.

An advisor may have a good track record when it comes to helping people to invest in shares. However, that’s not going to mean a thing to you if you want to invest in property. The knowledge doesn’t transfer over. They’re entirely different asset classes, which means they need different strategies.

And financial advisors are all just doing what they do as a job. Many of them aren’t even investors. That means they can’t show you the results they’ve gotten for themselves. They can’t show you the strategies they used to generate wealth, because they haven’t done it for themselves.

You need to build the right team around you. A financial advisor may seem like a natural addition, but they’re not good to you if they don’t have results.

But I do. I’ve been a successful investor for over 20 years and I can show you what you need to do.

— Todd Polke