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GOBankingRates
GOBankingRates
David Nadelle

This Is Why Many High Earners Are Bad at Investing, According to This Money Expert

Victoria Gnatiuk / Getty Images/iStockphoto

In a world full of get-rich-quick schemers, Tae Kim is a breath of fresh air. His “Financial Tortoise” videos preach patience over brash gambles and overcomplicated portfolios, and like many smart investors, Kim promotes wealth-building techniques that are safe, slow and steady.   

Common sense dictates that people that earn more money have access to better knowledge, opportunities and resources, and as a result, have more success investing their money. However, Kim believes the opposite. In fact, he believes that “high earners suck at investing.”

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