Financial Evil#4: Financial Indecency
We all know the media's impact on our mindset, and our decision making is huge, but how does it affect our thought process when making financial decisions? It's important to remember that a large part of the media's job is to entertain. It's not always about getting you all the facts but more often about keeping you engaged long enough for you to see the advertising or the commercial. Not surprisingly, people turn to important people in their lives for advice, Doctors, Lawyers, friends, and family. If we look at the data on who people most often get alternative financial advice from, the results are surprising but do you see a teacher about your broken arm?We discuss how armchair advice can do more harm than good and we take a look into this not so uncommon idea of Financial Pornography. This and more today on ThinkSmart!