Financial Intelligence – There is no secret to becoming wealthy and there is no magic to it either. However, there is a trillion-dollar industry focused on convincing us otherwise.  The financial industry wants your money to invest so that they can charge fees for below average results.  Below describes the impact of fees on a simple investment:

Imagine that you are 21 years old and decide to begin investing for your future (Congratulations!).  You invest $10,000.  Your friend makes the same decision and invests $10,000.  You and your friend enjoy a 6% return on this $10K investment for the next 25 years (all or any dividends reinvested).  Your friend ends up with $16,000 but you end up with $33,000.  What is the difference?  The difference is that your friend paid 2% in fees each year and you paid no fees.  Investing with just a 2% yearly fee wipes out 40% of your investment value over 25 years.  I had no idea about fees when...