Broadcast media is a powerful force in society. And with the advent of new technologies, it has become more accessible to everyone. Since the majority of people are not taught how to manage money growing up, what role can broadcast media play in educating people about their finances?

In today’s episode of the Framework, Jamie Hopkins and Ana Trujillo Limon talk with Ric Edelman, Founder at Edelman Financial Engines, New York Times Best-Selling Author, and Host of the Ric Edelman Show. 

Combining his expertise in mass communication and financial planning, Ric has made a significant impact in the world of financial services. Having been in the industry for more than 36 years, he has a unique perspective on how the economy, markets, and investing methods have evolved over time. 

Ric talks with Ana and Jamie about his contributions to the financial services industry, why advisors should be knowledgeable about digital assets, and what advice he offers to financial advisors who want to start their own businesses.

Key Takeaways

  • Why growing up financially illiterate is a common phenomenon.
  • What made Ric interested in financial planning.
  • His contribution to promoting financial literacy.
  • Ric’s key criteria for selecting a financial advisor.
  • What to expect from his brand new media company.
  • His advice to financial advisors who want to build their own business.
  • The power of mass media in building a business.
  • Why hiring people is one of the keys to growing your business.
  • How Ric diversifies his assets.
  • The reason behind the foundation of DACFP.
  • Digital assets as the future of global commerce.
  • Why knowledge of Bitcoin is a necessity for advisors.

“Don’t be a generalist. In today’s highly specialized world, be known as the narrow-focused expert in a given area.” – Ric Edelman

Links

Connect with our hosts

Subscribe and stay in touch

facebook twitter linkedin mail print
Share Post: facebook twitter linkedin mail print
Recent Posts
Blog

Anthony Zhang: Turning Challenge into Opportunity

By: Jamie Hopkins
Serial entrepreneur Anthony Zhang launched his latest venture, Vinovest, a fintech for fine wine investing, in 2020, just before the pandemic took hold. The stock market soon fell 30%, …
Blog

Dr. Richard Thaler: The Psychology Driving Our Money Decisions

By: Jamie Hopkins
Why do we make the decisions we do when it comes to money? In today's episode of Carson Group and PIMCO's Retirement Income Series, behavioral economist Dr. Richard H. …
Blog

Christine Benz: Breaking Down Retirement Income Planning Strategies

By: Jamie Hopkins
What philosophy guides your clients' retirement income planning? In today's episode of Carson Group and PIMCO's Retirement Income Series, Christine Benz, Morningstar's Director of Personal Finance, explains the key …
Blog

Dr. Wade Pfau: Retirement Planning in a Changing World

By: Jamie Hopkins
In today's episode of Carson Group and PIMCO's Retirement Income Series, Dr. Wade Pfau dives into the 4% rule and other retirement planning strategies. Wade is the founder of …
1 2 3 109