The Hidden Cost of Taking Advice From People Who Don’t Pay the Price

We live in a world full of consultants, coaches, and advisors who tell others how to run their lives or businesses, but what happens when they have no skin in the game? In this episode of Second Thoughts with Dr. Roger Hall, we explore why advice from people who risk nothing often leads to poor decisions, wasted time, and dangerous consequences.

Discover why real leaders carry responsibility for their choices, how to spot “empty advice” before it hurts you, and what it takes to surround yourself with people who have proven results, not just opinions.

💡 What You’ll Learn
- Why “skin in the game” separates trustworthy advice from empty talk
- The risks of following consultants who never face consequences
- How responsibility makes leaders more careful decision-makers
- Practical ways to evaluate whose advice is worth listening to

⏱️ Timestamps
00:00 – Intro: Why “Skin in the Game” Matters
01:42 – The Problem With Risk-Free Consultants
04:15 – Why Advice Without Responsibility Is Dangerous
07:08 – Leaders vs. Advisors: Who Pays the Price?
10:22 – Real-World Examples of Empty Advice
13:47 – How to Tell If Someone Has Skin in the Game
17:05 – Final Thoughts: Choose Advisors Wisely