<prompt> Human: First to explain, let me lay down the facts: Im 18, and under the Texas Uniform Transfers to Minors Act, I will legally own my house when I turn 21 correct me if Im wrong please My house is paid for, no debts in taxes Car is paid for completely House worth around 100K, car worth about 8K First year of college is COMPLETELY paid for, including housing and meals Go Mean Green! Parents will send money for gas and extra expenses tl;dr VERY GOOD FINANCIALLYso why explain this?I had been talking with private instrument instructor, whom Ive known for about 4 years. Shes been my guiding mentor, and even at one point offered to loan me 3,500 to purchase an instrument so I can go play music in college thought I didnt take up on her offer. I told her about how much assets I have I trust her, and she mentioned how I should go talk to her financial adviser. She called, set up a meeting, and I didnt have to pay a single penny. I meet this guy the next day and we talk about setting up a mutual trust fund through Franklin Templeton, but he also teaches me a LOT about basic finance, about Roth IRAS, 401Ks, and the works. Again, I didnt pay a single penny for the meeting. Explains to me how hes a millionaire doesnt rub it in though, and explains to me how to get started. I go the next day with everything I need, and I sign all the papers he hands me while reading them of course. Still, after I got to this subreddit, Im worried. He mentioned 5 is taken out, and he gets 2 commission, and he lets me know he wants ME to get rich so HE could get rich. It made sense, and I didnt hesitate to sign off. He says that the average growth of my account would be 8. Heck, even my teacher mentioned that shell be retiring as a millionaire because of hermy financial adviser She used to make 120K a year. Im starting off with 50 a month, and once I get my login information to Franklin Templeton Ill know more about what I just got myself into. Are the rates too damn high? The reason I mentioned the house is because I plan to sell it and put it into the mutual fund the MOMENT I turn 21. Is that a good idea? Help???Edit: Added the teacher being a millionaire part and fixed some formatting issues.Edit 2: I cant fix the list in the beginning, srry for the bad read :  <response>: Boy, what a scam artist. Thats why you shouldnt mix friends with finances. 