Dear Lola,

Why do they call financial services people a broker? Doesn’t the very title lead you to have misgivings about giving them your money? Why would we hire someone to make us broke? I’ve been thinking about this all night, I’m turning 25 and been told it’s time to set up retirement accounts.

Also, would you happen to be a financial advisor – I think trusting a Bulldog with my money to be a wise course of action considering my alternatives.

Sincerely,
Reticent Retiree

Dear Lola

Dear Reticent Retiree,

Thank you for your question. First, I do not currently invest money. I do however like to freely spend it at the pet store whenever I get the chance. Until I can control my own finances, I am ill-equipped to handle someone else’s. (My Mommybeast put me on a budget, and you think you have problems!)

Now, I did a bit of research in the hopes of finding you answers. Sadly, I didn’t have my favorite toy to hug as I did so, since I chewed him up and my budgetary restraints won’t allow for a replacement until February. (Fiscal responsibility is such a pain in the arse!) I turned to my favorite source of information, Wikipuppia – an online encyclopedia that is always reliable. Perhaps you’ve heard of it?

It turns out the job of broker has been around a very long time. Unfortunately, their history will not make you feel any better about the profession. The name came about thanks to the practice of closing a deal over alcohol. I don’t want to jump to judgement here, but I’ve got better things to do with my money than to turn it over to a drunkard who had a few too many glasses of sour grapes at lunch!

My chew toy, Otis the Pig, is awaiting my return to the pet store so I can purchase him again.

So there you have it, a broker does not take your money with the intention that you will go broke. However, his drinking on the job could cost you everything! Tread carefully and consider hiding your money. Make sure to back up your treasure map in triplicate so that you can find it in 50 years!

♥Lola♥

Send Lola your questions in the comments, or by clicking one of my social media links below!

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24 replies on “Dear Lola – He’s drinking on the job…”

  2. Wise words there about drinking on the job. Reminds me of another occupation, Royal Navy sailors during the reign of King George III. In those days (late 1700’s) if you accepted payment from the King you were dirt bound to serve him. When willing volunteers for the Kings Navy were hard to find crafty recruiters would scour the ale houses for drunks, buy them a beer, drop a coin in it and upon finishing the beer and finding the coin they were now bound to serve the Navy. Moral of the story, beware mixing business and booze.

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  3. It is a very odd job title considering! Mind you job titles can be strange. I was once given a business card by an Estate Agent. His job title was Manager but next to it in brackets it said “in charge”, just to make sure everyone knew how important he was!!! #DreamTeam

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  5. I’ve never actually thought about this much until reading this post lol. My dad is a financial advisor and if i’m completely honest, I’ve never fully understood what it is that he does, besides countless times of being told lol. Thank you for the interesting read. #dreamteam

    Jemma

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  9. ha! I never would have thought it was about drinking on the job, I was a nurse so I think drinking on that job may not have just ent people broke but potentially killed them oops, now as a mum should I drink on the job, ummmmm, I am guessing not #dreamteam

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  12. Oops. We’ll I suppose technically I’m a broker!? I have been a mortgage broker for many years in a previous life too! However, having just realised that I’ve completed dry January without even thinking about it, I can confirm that I would never waste anyone’s hard earned money on alcohol. Unfortunately I can’t promise anything about cake though! 😋😂 x #DreamTeam

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