When I grew up, finding financial opinions and advice felt hard. Now we’re saturated with it, but is that a good thing!? We discuss the murky waters of social media financial influencers, aka finfluencers, and explore the good, the bad, and the downright misleading. We unpack what it means to be a finance enthusiast versus an influencer, question the lack of regulation, and equip listeners with a critical lens to discern credible guidance from online noise.
Liz join this week’s podcast as we talk about:
– Defining “finfluencer” and the sheer volume of online financial content
– The difference between a finance enthusiast and a finfluencer
– The benefits and drawbacks of finfluencers
– How the democritzation of information has its pros and cons
– Strategies for discerning trustworthy financial advice online
– The role of credentials versus genuine expertise.
– The potential conflict of interest with affiliate links and consumerism
– The importance of skepticism and independent research
Show References:
- Lizgetsloaded podcast #10.4 Ugh finfluencers
- friends on FIRE podcast #090 – Why you don’t need a financial planner
- Inside Out Money podcast #058 – Breaking up with your financial planner – Why and how to do it
- Inside Out Money episode #022 – How much do you need to retire? Flaws in the 4% rule
- friends on FIRE podcast #017 – Crazy frugal stuff we do
- Inside Out Money podcast #097 – Our favorite FREE stuff, that’s not a scam
- Libby app – access free audio and ebooks with your library card
- Hoopla app – access free audio and ebooks with your library card
- friends on FIRE podcast #159 – Saving money on toiletries and personal care
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