6 Viral Pieces Of Money Advice You Should Ignore
In this episode, Chelsea dissects various pieces of money advice that have gone viral on TikTok, Reddit, or other platforms, and how they range from unhelpful to downright dangerous.
Short squeeze: https://www.investopedia.com/terms/s/shortsqueeze.asp#:~:text=What%20Is%20a%20Short%20Squeeze,pressure%20on%20the%20stock's%20price
https://www.disnat.com/en/learning/trading-basics/stock-basics/what-causes-stock-prices-to-change#:~:text=If%20more%20people%20want%20to,and%20the%20price%20would%20fall
Lack of disclaimers on stock advice: https://www.techradar.com/news/tiktok-influencers-exposing-millions-to-misleading-stock-tips-and-financial-advice
TikToks referenced:
https://www.tiktok.com/@justhomesgroup?referer_url=https%3A%2F%2Fwww.vox.com%2F&referer_video_id=6907256262279318790
https://www.tiktok.com/@justhomesgroup/video/6907256262279318790?referer_url=https%3A%2F%2Fwww.vox.com%2F&referer_video_id=6907256262279318790&is_copy_url=0&is_from_webapp=v1&sender_device=pc&sender_web_id=6919527603696354822
https://www.tiktok.com/@iamcurtisray/video/6890646356289965318
https://www.tiktok.com/@ceowatchlist/video/6903696044417207558?lang=en
IRS on business expenses: https://www.irs.gov/businesses/small-businesses-self-employed/deducting-business-expenses
S corporations: https://www.irs.gov/businesses/small-businesses-self-employed/s-corporations
https://bench.co/blog/operations/s-corporation/
Fidelity on debt: https://www.fidelity.com/spire/investing-paying-off-debt
Living off debt: https://www.bloomberg.com/news/articles/2020-12-04/viral-tiktok-videos-with-personal-finance-advice-may-not-be-the-most-trustworthy
Credit card interest: https://www.creditkarma.com/credit-cards/i/how-does-credit-card-interest-work
Being your own boss: https://www.forbes.com/sites/carolinecastrillon/2019/01/22/five-signs-its-time-to-be-your-own-boss/?sh=4a5a9fc42a2a
Self employment stress: https://academicworks.cuny.edu/cgi/viewcontent.cgi?article=1277&context=gc_pubs
FIRE subreddit: https://www.reddit.com/r/financialindependence/
FIRE during COVID: https://www.forbes.com/sites/jrose/2020/05/19/did-coronavirus-destroy-the-fire-early-retirement-movement/?sh=3f683d0b555d
Watch more of The Financial Diet hosted by Chelsea Fagan here: https://www.youtube.com/playlist?list=PLD30V46E07RR99cC0gCjKUbt-BKoDUcnc
The Financial Diet site: http://www.thefinancialdiet.com
Facebook: https://www.facebook.com/thefinancialdiet
Twitter: https://twitter.com/TFDiet
Instagram: https://www.instagram.com/thefinancialdiet/?hl=en
Видео 6 Viral Pieces Of Money Advice You Should Ignore канала The Financial Diet
Short squeeze: https://www.investopedia.com/terms/s/shortsqueeze.asp#:~:text=What%20Is%20a%20Short%20Squeeze,pressure%20on%20the%20stock's%20price
https://www.disnat.com/en/learning/trading-basics/stock-basics/what-causes-stock-prices-to-change#:~:text=If%20more%20people%20want%20to,and%20the%20price%20would%20fall
Lack of disclaimers on stock advice: https://www.techradar.com/news/tiktok-influencers-exposing-millions-to-misleading-stock-tips-and-financial-advice
TikToks referenced:
https://www.tiktok.com/@justhomesgroup?referer_url=https%3A%2F%2Fwww.vox.com%2F&referer_video_id=6907256262279318790
https://www.tiktok.com/@justhomesgroup/video/6907256262279318790?referer_url=https%3A%2F%2Fwww.vox.com%2F&referer_video_id=6907256262279318790&is_copy_url=0&is_from_webapp=v1&sender_device=pc&sender_web_id=6919527603696354822
https://www.tiktok.com/@iamcurtisray/video/6890646356289965318
https://www.tiktok.com/@ceowatchlist/video/6903696044417207558?lang=en
IRS on business expenses: https://www.irs.gov/businesses/small-businesses-self-employed/deducting-business-expenses
S corporations: https://www.irs.gov/businesses/small-businesses-self-employed/s-corporations
https://bench.co/blog/operations/s-corporation/
Fidelity on debt: https://www.fidelity.com/spire/investing-paying-off-debt
Living off debt: https://www.bloomberg.com/news/articles/2020-12-04/viral-tiktok-videos-with-personal-finance-advice-may-not-be-the-most-trustworthy
Credit card interest: https://www.creditkarma.com/credit-cards/i/how-does-credit-card-interest-work
Being your own boss: https://www.forbes.com/sites/carolinecastrillon/2019/01/22/five-signs-its-time-to-be-your-own-boss/?sh=4a5a9fc42a2a
Self employment stress: https://academicworks.cuny.edu/cgi/viewcontent.cgi?article=1277&context=gc_pubs
FIRE subreddit: https://www.reddit.com/r/financialindependence/
FIRE during COVID: https://www.forbes.com/sites/jrose/2020/05/19/did-coronavirus-destroy-the-fire-early-retirement-movement/?sh=3f683d0b555d
Watch more of The Financial Diet hosted by Chelsea Fagan here: https://www.youtube.com/playlist?list=PLD30V46E07RR99cC0gCjKUbt-BKoDUcnc
The Financial Diet site: http://www.thefinancialdiet.com
Facebook: https://www.facebook.com/thefinancialdiet
Twitter: https://twitter.com/TFDiet
Instagram: https://www.instagram.com/thefinancialdiet/?hl=en
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