John Oliver Explains Retirement & Termites

I had a different post for today but after seeing this episode mentioned in the comments section of J. Money’s (Budgets Are Sexy) latest post on payday loans, I had to share.

The episode is 21.29 minutes so make sure you have some time before settling down to watch.  My key takeaways are listed below.  Enjoy!!

If you are new to personal finance or know someone that is, pay particular attention to the following points of the video:

0:34 – People are insane…

3:28 – What is a financial adviser anyway?

7.55 – Compound interest both the positive and negative.  How much are you paying for fees??  His correlation between fees and termites is spot on!

9:30 – Problems with Active Management of your portfolio.  Remember Orlando the cat??  Did you ever ask what your manager is investing in?  Index Funds!!

17:57 – You can do this yourself! 😉

I hope you enjoyed this as much as I did.  What were your key takeaways??  Feel free to leave a comment below.  🙂

Until next time…