[ad_1]
Way back when, the only way to get your hands on some financial advice without professional help was by walking yourself to the library. Or better yet, getting rich-uncle advice over the holidays.
Now, thanks to the internet, it’s quick and easy to find advice on pretty much any financial query. But having so much information at our fingertips has its disadvantages — especially when it comes to the advice on social media, where literally everyone is allowed to share their opinions.
Sure, you can find sound financial advice on Tiktok, it’s true. But just because you know how to create a viral TikTok doesn’t mean you’re a financial expert.
We’re sharing five alarming money tips we’ve seen on TikTok, plus five smarter things to do with your money, instead.
1. Dangerous Advice: The Promise of Quick Results and Easy Money
Get-rich-quick schemes have been around since one caveman convinced the other he was a wealthy foriegn prince. Now, these schemes exist in the form of young charming influencers flaunting their wealth and claiming you can make thousands of dollars a week with very little effort. You just have to do what they did, and you’ll find the same success.
The truth is, there are no simple tricks that unlock the stock market, and there definitely aren’t any “real-time money glitches.” Using any of these tips and tricks is like walking into a casino and putting everything on black. It might work a couple of times, but it’s not going to work over the long term. There’s simply no reliable shortcut to financial wealth.
Do This Instead: Spend $1 to Own a Piece of Amazon, Google or Other Companies
Instead of looking for quick results and easy money, we suggest you look for reliable long-term investments. So, where to start?
Take a look at the Forbes Richest People list, and you’ll notice almost all the billionaires have one thing in common — they own another company.
If you don’t have millions of…
[ad_2]
Source link
