June 19, 2025 • 16 mins
Welcome back to The Wealth Effect. We live in an era where your financial mindset is shaped as much by Instagram and TikTok as it is by banks and books. But is all that advice online helping you, or hijacking your wallet?
In this episode, we explore the growing influence of social media on personal finance. From “finfluencers” promising fast wealth to algorithm-driven hype cycles, we break down:
- Why viral advice is often dangerous
- The difference between perception and reality online
- How to identify financial misinformation and emotional manipulation
- The rise of lifestyle FOMO and the hidden cost of “looking rich”
- Practical tools to build digital financial literacy and reclaim your focus
This isn’t just about money, it’s about mindset. It’s about stepping back from the algorithm, questioning what you consume, and learning to lead your financial journey with clarity, not comparison.
Because in today’s content economy, attention is currency. And misused attention is expensive.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
Welcome back to
(00:00):
The Wealth Effect.
Today, we're talking
about social media.
Social media
is everywhere.
It's the first thing many of us check in
the morning and the last thing we scroll
through before
we go to sleep.
It fills the gaps in our commutes,
our workouts, and our meals.
It's how we stay informed, inspired,
entertained, and at times, overwhelmed.
(00:22):
While platforms like Instagram, TikTok,
X, and YouTube have revolutionized
the access to information, they've also
created an echo chamber
of financial noise.
From 18-year-old experts preaching about
day trading strategies to influencers
showing off leased Lamborghini's social
(00:42):
media presence, social media has presented
a highly distorted
view of money.
Today, we'll explore how social media
affects our personal finance behaviors,
how to filter signals from noise,
and how to develop a grounded,
rational, financial mindset in
the age of digital distraction.
(01:04):
Let's fill
your pocket.
Anyone with a smartphone can share their
thoughts on budgeting hacks, stock tips,
side hustle ideas, credit card strategies,
or claim to be making
$100,000 in just 10 minutes.
On the surface, this
feels empowering.
Financial literacy is no longer locked
(01:25):
behind expensive, advisors, or academic
gatekeepers.
With this access
comes danger.
The loudest voices are
not always the wisest.
The most engaging content isn't
necessarily the most accurate.
When a 19-year-old with no investing track
record tells you to go all in on option
trading, you're
(01:45):
not getting advice.
You're getting
sold to fantasy.
When a YouTube guru says you're a fool
unless you have five rental properties by
the age of 25, they're
not offering strategy.
They're peddling
pressure.
The algorithms
don't reward truth.
They reward
engagement.
And that engagement often comes at the
(02:06):
cost of nuances, caution, or ethics.
The rise of financial
influencers.
A new breed of influencers has
emerged in the past decade.
The finfluencers.
Someone who creates financial
content for views, clicks, and likes.
They offer budgeting tips, investing
ideas, stock picks, and motivational
(02:28):
soundbites.
While some of them have credible
backgrounds, many of them do not.
They post videos about how to budget your
first paycheck, which stocks are ready to
explode, side hustles that make $1,000 a
week, millionaire habits
you should start today.
They look like you.
They talk like you.
(02:48):
And often, especially to a younger
audience, feel more trustworthy than a
traditional financial
institution.
And some of them are
genuinely helpful.
Some of them bring experience,
education, and an earnest desire to
demystify money.
They've helped make financial education
more relatable, especially for a
(03:10):
generation raised with smartphones
instead of spreadsheets.
But others are just
winging it for the clout.
Social media thrives
on perception.
It's not about
what's real.
It's about what looks good in a
square frame or 15-second clip.
You'll see exotic vacations
funded by credit card points.
(03:31):
Six-figure months from
dropshipping or crypto pumps.
People claiming financial
freedom in their early 20s.
What you don't see is the
credit card bills behind luxury.
The three failed businesses
before the viral one.
The mental health
toll of constant work.
The real cost
of that freedom.
(03:52):
The illusion
distorts reality.
It creates false
benchmarks.
You begin to compare yourself behind the
scenes to someone else's highlight reel.
And that leads to shame about
your financial progress.
Panic that you're
falling behind.
FOMO-driven decisions that hurt you
more than they would ever help you.
(04:13):
At its core, social media is designed
to create aspirational content, showing
luxury lifestyles
and success.
Many influencers present an image of
wealth that isn't rooted in any substance.
The 10k per month apartment, the $200,000
car, and the lavish vacations are often
(04:33):
rented, financed,
or staged.
This is lifestyle
flexing.
The curated, polished, and highly
filtered performance of wealth.
And it's not just for
entertainment anymore.
It shapes how we think, how we feel,
and more dangerously, how we spend.
And this leads to the comparison trap,
where you start to measure your life based
(04:55):
on someone
else's metric.
The human brain is wired
for social comparison.
We constantly scan our environment
to figure out where we stand.
But on social media, we initialize
their success as our benchmark.
We think,
they're my age.
Why don't I
have that?
They make six
(05:16):
figures in crypto.
What am I
doing wrong?
She has a designer
bag collection.
I can't even pay off
my student loans.
It's the silence, subconscious
erosion of financial self-esteem.
We see others buying Bitcoin
in 2015 and retiring at 30.
We hear stories of secret side
(05:36):
hustles making people $10,000 a month.
And we start to panic, not just
emotionally, but financially.
This anxiety doesn't
just make us feel bad.
It drives action.
And often, that
action is reckless.
People jump into high-risk investments
without understanding them.
Take on credit card debt to buy
(05:57):
luxury items they can't even afford.
This pressure causes individuals
to overspend, to appear successful,
rush into volatile assets, feel anxiety,
envy, or depression about
their financial progress.
The people who look
rich aren't always rich.
And the people who are rich
(06:17):
don't often look like it.
And the ironic thing is that in trying to
look wealthy, people often undermine their
ability to
become wealthy.
They spend instead of
saving or investing.
They borrow instead
of building.
They live for applause
instead of sustainability.
The emotional toll
(06:38):
is equally brutal.
People feel ashamed about their modest
lifestyle, even if it is reasonable.
They feel embarrassed about their
jobs, even if it pays the bills.
They feel inadequate about not only
the things they don't even need.
This shame
fuels a cycle.
You see someone
flexing online.
(06:58):
You feel behind
or lesser.
You make a purchase
to feel caught up.
That purchase creates
financial strain.
The strain increases
your insecurity.
Social media
is a stage.
It's not a mirror.
Social media is designed
(07:18):
to be aspirational.
It rewards
what dazzles.
And what dazzles
most is wealth.
The problem is most of what
you're seeing isn't real.
But the illusion
feels very real.
It feels personal.
And that becomes
dangerous.
Unlike Hollywood, where celebrities feel
distant and untouchable,
(07:40):
influencers blur that line.
They're relatable.
They're just like us, except with a Rolex
and a six-figure trading screenshot.
This proximity makes the illusion feel
achievable, which makes
it all the more toxic.
Now, there's no denying that
there's an upside for this movement.
The financial influencers have made
(08:01):
finance cool, digestible, and viral.
In an era where high schools still don't
consistently teach financial literacy,
social media has stepped
in to fill the void.
Because of financial influencers,
millions of people know the terms like
index funds, compound interest,
financial independence, zero-based
(08:22):
budgeting, credit utilization,
and emergency funds.
What once was buried in textbooks or
expensive consulting is now available in
60-second videos
or infographics.
More people
are budgeting.
More people
are investing.
More people are thinking
about their money.
The problem is that the content economy
(08:44):
rewards virality and not validity.
Financial influencers are often
incentivized to say what grabs attention,
not what is safe, accurate,
or well-researched.
This isn't a flaw
of individuals.
It's a structural problem
with the platforms themselves.
To be successful on social media,
(09:04):
most creators have to post frequently,
keep their audiences emotionally engaged,
offer quick solutions or strong opinions,
be visually
appealing.
While financial content, however,
if financial content is nuanced,
conscious, cautious, or grounded
in disclaimers, it's not trendy.
(09:25):
So what happens?
Creators dramatize investing,
oversell risk, or promise fast wealth.
Because that's
what gets clicks.
Videos titled the stock that would 10x by
next month, or how I went from zero to one
million dollars
trading options.
They get millions
(09:45):
of views.
And those views earn money,
brand deals, and influence.
It's not about
helping you.
It's about winning
your attention.
Social media platforms are engineered to
serve content that keeps users engaged,
not educated.
If you want to watch one video about
crypto or meme stocks, the algorithm will
(10:07):
feed you a flood of similar
content, creating an echo chamber.
This inflates the
confirmation bias.
You're only seeing information that
supports your existing beliefs or desires.
For example, if you believe in real
estate is the fastest way to build wealth,
you'll most likely see
content affirming that view.
(10:29):
If you doubt traditional retirement
planning, you'll be served a lot of
anti-401k and ditch
the 9 to 5 videos.
This distortion makes it harder to
evaluate financial decisions objectively.
It wraps your perception
of risk, time, and wealth.
There's a saying in tech, if you're not
(10:49):
paying for a product, you are the product.
The algorithm also
hijacks your curiosity.
Let's say you click on a video titled,
How I Made $10,000 Flipping NFTs.
What happens next?
The algorithm
takes note.
You're interested in fast
money, crypto, or side hustles.
So it queues up
(11:10):
similar content.
The more engaged you are, the
narrower your content stream becomes.
It feels like everyone
is making money this way.
It feels like you're
onto something big.
It feels like
a movement.
But what's
really happening?
You're being fed a
biased vision of reality.
Not because it's accurate, but
(11:30):
because you keep watching it.
You get trapped in a digital echo
chamber where every scroll confirms your
assumptions.
You start to believe your
perception is the norm.
Or worse, you start to
believe it's the truth.
Opposing views start to feel ignorant,
outdated, or even threatening.
You stop exploring.
(11:50):
You stop
questioning.
And you stop
learning.
And this affects
your wallet.
This isn't just about
cultural or emotional issues.
It has a real impact
on your finances.
Social media can lead you to
overspend to match lifestyles.
Overinvest in volatile assets
based on others' opinion.
(12:11):
Overleverage yourself chasing
the shortcuts to wealth.
And overstressing yourself
to meet unrealistic goals.
And we've seen instances of young
investors losing thousands on risky
options trading after watching
TikTokers that glamorized leveraging.
People taking out loans to buy crypto
(12:33):
or meme stocks that were pumped by
influencers.
Viewers buying into MLMs or sketchy
courses marketed as
financial freedom programs.
Credit card misuse encouraged by content
creators highlighting
luxurious lifestyle hacks.
The average user doesn't know how
to filter some advice from hype.
(12:54):
And that confusion
can cost them.
So how do you navigate this noise in a
digital world without falling into traps?
You start by
asking credentials.
Who are
these people?
What are their
experiences?
And are they trying
to sell you something?
You could also
look for context.
Is the advice based
on a unique situation?
(13:15):
Or is it
universally sound?
You need to watch
your emotions.
Does the content make you feel
panicked, ashamed, or behind?
Diversifying
your inputs.
Follow experts with
different views.
Not just people who confirm
your biases or opinions.
Prioritizing
timeless advice.
Learning the basics such as budgeting,
(13:37):
saving, diversified investing,
and using platforms
with intentionality.
YouTube allows you to mark
content as not interested.
TikTok lets you
reset your feed.
Curate your digital diet
like you would a meal.
You'll also need to cultivate
a grounded financial mindset.
(13:58):
If you want financial peace in the digital
age, you need more than just good advice.
You need discipline, critical
thinking, and emotional detachment.
This means defining
wealth on your own terms.
Creating financial goals
based on your own values.
Embracing slow growth
over fast, risky gambles.
(14:19):
And valuing long-term solvency
more than short-term status.
It also means taking
breaks from the noise.
The less noise you let in, the more
clearly you hear your own values.
And also performing
due diligence.
To be clear, not all financial
influencers are bad actors.
(14:40):
Many of them are well-intentioned
and some really qualified.
The burden of discrimination now
falls now falls on you, the viewer.
And to wrap it all up, in the world of
algorithms, hype cycles, and digital
experts, the greatest skill
you can develop is clarity.
Social media will
keep getting louder.
(15:01):
The temptation to chase
trends will never stop.
As with all things money, the
responsibility lies in your hands.
Your future is too valuable to
entrust to strangers chasing likes.
The loudest voice in the room
isn't always the smartest.
The flashiest life online
isn't always the richest.
(15:23):
And the best financial plan is the
one that works for you and not others'
followers.
Social media can inform, empower you,
and connect you to resources that can
change your
financial life.
But if not used intentionally,
it can also deceive, distract,
and drain your wealth
emotionally and financially.
(15:44):
The rise of financial influencers
is a symptom of something bigger.
A generation hungry for financial
guidance, but living in a world flooded
with noise.
Social media has become
the new classroom.
But without careful filters,
it becomes a casino.
Financial influencers inspire,
(16:04):
simplify, and educate.
But they also mislead, manipulate, and
financially harm those who take them
at face value.
Social media is not
your financial advisor.
Its goal is not to
make you successful.
It's to grab
your attention.
And attention, in
today's economy is money.
(16:24):
The platforms don't care if you lose
your savings in a pump and dump scheme.
They don't care if you max out your credit
cards trying to keep up with influencer
lifestyles.
They just care that
you keep watching.
So, take control.
Thank you for
listening.
Until next time.
Welcome back to
(00:00):
The Wealth Effect.
Today, we're talking
about social media.
Social media
is everywhere.
It's the first thing many of us check in
the morning and the last thing we scroll
through before
we go to sleep.
It fills the gaps in our commutes,
our workouts, and our meals.
It's how we stay informed, inspired,
entertained, and at times, overwhelmed.
(00:22):
While platforms like Instagram, TikTok,
X, and YouTube have revolutionized
the access to information, they've also
created an echo chamber
of financial noise.
From 18-year-old experts preaching about
day trading strategies to influencers
showing off leased Lamborghini's social
(00:42):
media presence, social media has presented
a highly distorted
view of money.
Today, we'll explore how social media
affects our personal finance behaviors,
how to filter signals from noise,
and how to develop a grounded,
rational, financial mindset in
the age of digital distraction.
(01:04):
Let's fill
your pocket.
Anyone with a smartphone can share their
thoughts on budgeting hacks, stock tips,
side hustle ideas, credit card strategies,
or claim to be making
$100,000 in just 10 minutes.
On the surface, this
feels empowering.
Financial literacy is no longer locked
(01:25):
behind expensive, advisors, or academic
gatekeepers.
With this access
comes danger.
The loudest voices are
not always the wisest.
The most engaging content isn't
necessarily the most accurate.
When a 19-year-old with no investing track
record tells you to go all in on option
trading, you're
(01:45):
not getting advice.
You're getting
sold to fantasy.
When a YouTube guru says you're a fool
unless you have five rental properties by
the age of 25, they're
not offering strategy.
They're peddling
pressure.
The algorithms
don't reward truth.
They reward
engagement.
And that engagement often comes at the
(02:06):
cost of nuances, caution, or ethics.
The rise of financial
influencers.
A new breed of influencers has
emerged in the past decade.
The finfluencers.
Someone who creates financial
content for views, clicks, and likes.
They offer budgeting tips, investing
ideas, stock picks, and motivational
(02:28):
soundbites.
While some of them have credible
backgrounds, many of them do not.
They post videos about how to budget your
first paycheck, which stocks are ready to
explode, side hustles that make $1,000 a
week, millionaire habits
you should start today.
They look like you.
They talk like you.
(02:48):
And often, especially to a younger
audience, feel more trustworthy than a
traditional financial
institution.
And some of them are
genuinely helpful.
Some of them bring experience,
education, and an earnest desire to
demystify money.
They've helped make financial education
more relatable, especially for a
(03:10):
generation raised with smartphones
instead of spreadsheets.
But others are just
winging it for the clout.
Social media thrives
on perception.
It's not about
what's real.
It's about what looks good in a
square frame or 15-second clip.
You'll see exotic vacations
funded by credit card points.
(03:31):
Six-figure months from
dropshipping or crypto pumps.
People claiming financial
freedom in their early 20s.
What you don't see is the
credit card bills behind luxury.
The three failed businesses
before the viral one.
The mental health
toll of constant work.
The real cost
of that freedom.
(03:52):
The illusion
distorts reality.
It creates false
benchmarks.
You begin to compare yourself behind the
scenes to someone else's highlight reel.
And that leads to shame about
your financial progress.
Panic that you're
falling behind.
FOMO-driven decisions that hurt you
more than they would ever help you.
(04:13):
At its core, social media is designed
to create aspirational content, showing
luxury lifestyles
and success.
Many influencers present an image of
wealth that isn't rooted in any substance.
The 10k per month apartment, the $200,000
car, and the lavish vacations are often
(04:33):
rented, financed,
or staged.
This is lifestyle
flexing.
The curated, polished, and highly
filtered performance of wealth.
And it's not just for
entertainment anymore.
It shapes how we think, how we feel,
and more dangerously, how we spend.
And this leads to the comparison trap,
where you start to measure your life based
(04:55):
on someone
else's metric.
The human brain is wired
for social comparison.
We constantly scan our environment
to figure out where we stand.
But on social media, we initialize
their success as our benchmark.
We think,
they're my age.
Why don't I
have that?
They make six
(05:16):
figures in crypto.
What am I
doing wrong?
She has a designer
bag collection.
I can't even pay off
my student loans.
It's the silence, subconscious
erosion of financial self-esteem.
We see others buying Bitcoin
in 2015 and retiring at 30.
We hear stories of secret side
(05:36):
hustles making people $10,000 a month.
And we start to panic, not just
emotionally, but financially.
This anxiety doesn't
just make us feel bad.
It drives action.
And often, that
action is reckless.
People jump into high-risk investments
without understanding them.
Take on credit card debt to buy
(05:57):
luxury items they can't even afford.
This pressure causes individuals
to overspend, to appear successful,
rush into volatile assets, feel anxiety,
envy, or depression about
their financial progress.
The people who look
rich aren't always rich.
And the people who are rich
(06:17):
don't often look like it.
And the ironic thing is that in trying to
look wealthy, people often undermine their
ability to
become wealthy.
They spend instead of
saving or investing.
They borrow instead
of building.
They live for applause
instead of sustainability.
The emotional toll
(06:38):
is equally brutal.
People feel ashamed about their modest
lifestyle, even if it is reasonable.
They feel embarrassed about their
jobs, even if it pays the bills.
They feel inadequate about not only
the things they don't even need.
This shame
fuels a cycle.
You see someone
flexing online.
(06:58):
You feel behind
or lesser.
You make a purchase
to feel caught up.
That purchase creates
financial strain.
The strain increases
your insecurity.
Social media
is a stage.
It's not a mirror.
Social media is designed
(07:18):
to be aspirational.
It rewards
what dazzles.
And what dazzles
most is wealth.
The problem is most of what
you're seeing isn't real.
But the illusion
feels very real.
It feels personal.
And that becomes
dangerous.
Unlike Hollywood, where celebrities feel
distant and untouchable,
(07:40):
influencers blur that line.
They're relatable.
They're just like us, except with a Rolex
and a six-figure trading screenshot.
This proximity makes the illusion feel
achievable, which makes
it all the more toxic.
Now, there's no denying that
there's an upside for this movement.
The financial influencers have made
(08:01):
finance cool, digestible, and viral.
In an era where high schools still don't
consistently teach financial literacy,
social media has stepped
in to fill the void.
Because of financial influencers,
millions of people know the terms like
index funds, compound interest,
financial independence, zero-based
(08:22):
budgeting, credit utilization,
and emergency funds.
What once was buried in textbooks or
expensive consulting is now available in
60-second videos
or infographics.
More people
are budgeting.
More people
are investing.
More people are thinking
about their money.
The problem is that the content economy
(08:44):
rewards virality and not validity.
Financial influencers are often
incentivized to say what grabs attention,
not what is safe, accurate,
or well-researched.
This isn't a flaw
of individuals.
It's a structural problem
with the platforms themselves.
To be successful on social media,
(09:04):
most creators have to post frequently,
keep their audiences emotionally engaged,
offer quick solutions or strong opinions,
be visually
appealing.
While financial content, however,
if financial content is nuanced,
conscious, cautious, or grounded
in disclaimers, it's not trendy.
(09:25):
So what happens?
Creators dramatize investing,
oversell risk, or promise fast wealth.
Because that's
what gets clicks.
Videos titled the stock that would 10x by
next month, or how I went from zero to one
million dollars
trading options.
They get millions
(09:45):
of views.
And those views earn money,
brand deals, and influence.
It's not about
helping you.
It's about winning
your attention.
Social media platforms are engineered to
serve content that keeps users engaged,
not educated.
If you want to watch one video about
crypto or meme stocks, the algorithm will
(10:07):
feed you a flood of similar
content, creating an echo chamber.
This inflates the
confirmation bias.
You're only seeing information that
supports your existing beliefs or desires.
For example, if you believe in real
estate is the fastest way to build wealth,
you'll most likely see
content affirming that view.
(10:29):
If you doubt traditional retirement
planning, you'll be served a lot of
anti-401k and ditch
the 9 to 5 videos.
This distortion makes it harder to
evaluate financial decisions objectively.
It wraps your perception
of risk, time, and wealth.
There's a saying in tech, if you're not
(10:49):
paying for a product, you are the product.
The algorithm also
hijacks your curiosity.
Let's say you click on a video titled,
How I Made $10,000 Flipping NFTs.
What happens next?
The algorithm
takes note.
You're interested in fast
money, crypto, or side hustles.
So it queues up
(11:10):
similar content.
The more engaged you are, the
narrower your content stream becomes.
It feels like everyone
is making money this way.
It feels like you're
onto something big.
It feels like
a movement.
But what's
really happening?
You're being fed a
biased vision of reality.
Not because it's accurate, but
(11:30):
because you keep watching it.
You get trapped in a digital echo
chamber where every scroll confirms your
assumptions.
You start to believe your
perception is the norm.
Or worse, you start to
believe it's the truth.
Opposing views start to feel ignorant,
outdated, or even threatening.
You stop exploring.
(11:50):
You stop
questioning.
And you stop
learning.
And this affects
your wallet.
This isn't just about
cultural or emotional issues.
It has a real impact
on your finances.
Social media can lead you to
overspend to match lifestyles.
Overinvest in volatile assets
based on others' opinion.
(12:11):
Overleverage yourself chasing
the shortcuts to wealth.
And overstressing yourself
to meet unrealistic goals.
And we've seen instances of young
investors losing thousands on risky
options trading after watching
TikTokers that glamorized leveraging.
People taking out loans to buy crypto
(12:33):
or meme stocks that were pumped by
influencers.
Viewers buying into MLMs or sketchy
courses marketed as
financial freedom programs.
Credit card misuse encouraged by content
creators highlighting
luxurious lifestyle hacks.
The average user doesn't know how
to filter some advice from hype.
(12:54):
And that confusion
can cost them.
So how do you navigate this noise in a
digital world without falling into traps?
You start by
asking credentials.
Who are
these people?
What are their
experiences?
And are they trying
to sell you something?
You could also
look for context.
Is the advice based
on a unique situation?
(13:15):
Or is it
universally sound?
You need to watch
your emotions.
Does the content make you feel
panicked, ashamed, or behind?
Diversifying
your inputs.
Follow experts with
different views.
Not just people who confirm
your biases or opinions.
Prioritizing
timeless advice.
Learning the basics such as budgeting,
(13:37):
saving, diversified investing,
and using platforms
with intentionality.
YouTube allows you to mark
content as not interested.
TikTok lets you
reset your feed.
Curate your digital diet
like you would a meal.
You'll also need to cultivate
a grounded financial mindset.
(13:58):
If you want financial peace in the digital
age, you need more than just good advice.
You need discipline, critical
thinking, and emotional detachment.
This means defining
wealth on your own terms.
Creating financial goals
based on your own values.
Embracing slow growth
over fast, risky gambles.
(14:19):
And valuing long-term solvency
more than short-term status.
It also means taking
breaks from the noise.
The less noise you let in, the more
clearly you hear your own values.
And also performing
due diligence.
To be clear, not all financial
influencers are bad actors.
(14:40):
Many of them are well-intentioned
and some really qualified.
The burden of discrimination now
falls now falls on you, the viewer.
And to wrap it all up, in the world of
algorithms, hype cycles, and digital
experts, the greatest skill
you can develop is clarity.
Social media will
keep getting louder.
(15:01):
The temptation to chase
trends will never stop.
As with all things money, the
responsibility lies in your hands.
Your future is too valuable to
entrust to strangers chasing likes.
The loudest voice in the room
isn't always the smartest.
The flashiest life online
isn't always the richest.
(15:23):
And the best financial plan is the
one that works for you and not others'
followers.
Social media can inform, empower you,
and connect you to resources that can
change your
financial life.
But if not used intentionally,
it can also deceive, distract,
and drain your wealth
emotionally and financially.
(15:44):
The rise of financial influencers
is a symptom of something bigger.
A generation hungry for financial
guidance, but living in a world flooded
with noise.
Social media has become
the new classroom.
But without careful filters,
it becomes a casino.
Financial influencers inspire,
(16:04):
simplify, and educate.
But they also mislead, manipulate, and
financially harm those who take them
at face value.
Social media is not
your financial advisor.
Its goal is not to
make you successful.
It's to grab
your attention.
And attention, in
today's economy is money.
(16:24):
The platforms don't care if you lose
your savings in a pump and dump scheme.
They don't care if you max out your credit
cards trying to keep up with influencer
lifestyles.
They just care that
you keep watching.
So, take control.
Thank you for
listening.
Until next time.
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