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BEWARE Of This Bad TikTok Money Advice [Financial Planner Reacts]


I don't like making people feel bad ... BUT, TikTok influencers are getting out of hand with the information they are pushing when it comes to money and retirement. In this video, I react to some TikTok money advice, and explain WHY it could destroy your finances. ===== Ways I help you build more wealth: Want to learn how to keep more of your hard earned money, and grow it? Get my free “Wealth Master Plan” video series and quick-start guide - Are you an investor looking to take your analysis skills to the next level? I'm a mentor in the Skill Incubator community for investors and entrepreneurs: Connect with Nikki: Subscribe To SheTalksFinance YouTube channel: Twitter: Instagram: Facebook: ===== Disclaimers: - This information is for educational purposes only and is not personalized in nature. Nothing I say is meant to be a recommendation to buy or sell any financial instrument. Do your own due diligence, and take 100% responsibility for your financial decisions or consult a financial professional to help you. - I will NEVER ask you to send me money to trade or invest for you. - There are no guarantees or certainties in investing. - My videos may contain affiliate partner links to products I believe will add value to your life....(read more)


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TikTok has become a popular platform for sharing videos, and it’s no surprise that it has become a source of financial advice as well. Unfortunately, not all of the advice you find on the platform is good. In fact, some of it can be downright dangerous. Financial planner, David Blayney, recently shared his thoughts on the bad TikTok money advice that is circulating. He warned viewers to be wary of any advice that promises quick and easy money. “The number one thing I’d caution people against is any advice that seems too good to be true,” he said. “There’s no such thing as a get-rich-quick scheme, and if someone is promising that kind of return, it’s likely a scam.” Blayney also cautioned against advice that encourages people to take on more debt than they can handle. He pointed out that debt can be a useful tool when used responsibly, but it can also be a major burden if not managed properly. “If someone is telling you to take on more debt than you can realistically handle, that’s a big red flag,” he said. “It’s important to be realistic about your financial situation and make sure you can pay back any debt you take on.” Finally, Blayney warned against any advice that encourages people to take on excessive risk. He reminded viewers that investing carries some degree of risk and that it’s important to understand the risks involved before taking the plunge. “Investing can be a great way to grow your wealth, but it’s important to understand the risks involved,” he said. “Be sure to do your research and understand the risks before investing any money.” In summary, it’s important to be wary of any financial advice you find on TikTok. While there may be some good advice out there, it’s important to be aware of the potential risks and make sure you understand what you’re getting into before taking any action. https://inflationprotection.org/beware-of-this-bad-tiktok-money-advice-financial-planner-reacts/?feed_id=73767&_unique_id=63fa627a34a42 #Inflation #Retirement #GoldIRA #Wealth #Investing #badfinancialadvice #badmoneyadvice #badtiktokmoneyadvice #financialadvice #financialmistakestoavoid #financialplanner #financialplannerreacts #FinancialPlanning #howtomanagemoney #howtoplanforretirement #IndexedUniversallife #indexeduniversallifeinsurance #insurance #iulpolicy #moneyadvice #moneymistakestoavoid #retirementplanning #tiktokfinancialadvice #tiktokmoneyadvice #BackdoorRothIRA #badfinancialadvice #badmoneyadvice #badtiktokmoneyadvice #financialadvice #financialmistakestoavoid #financialplanner #financialplannerreacts #FinancialPlanning #howtomanagemoney #howtoplanforretirement #IndexedUniversallife #indexeduniversallifeinsurance #insurance #iulpolicy #moneyadvice #moneymistakestoavoid #retirementplanning #tiktokfinancialadvice #tiktokmoneyadvice
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