I was speaking to my friend, who is a Financial Planner, and he was upset because he has a few people who constantly call him for free advice, and he is not sure how to handle this situation. Sadly, this happens all the time.
For me the rule is simple, if you are asking for common knowledge advice, like how much money can I add to my IRA each year, then in most cases that is probably OK. If you are asking what investments to select to invest your IRA in, then you have crossed the line.
Please be respectful to your friends and business contacts. If the information is something that they charge their clients for then please do not expect them to share that advice with you for free.
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Kevin Willett is the Author of One Connection How you can grow your business (and change the world) one connection at a time. The business networking book is available on Amazon. Purchase One Connection on Amazon