TikTok is Making You Poor

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The hashtags #crypto and #stocktok rack up BILLIONS of views on TikTok. Creators battle for eyeballs on their financial content… this could be the money they made that day, investments that they’re excited about, or profit making strategies.

Videos cover crypto, stocks, and really anything that may increase in value. This is a double edged sword though, because on one hand the more people curious about finance, the better.

On the other hand, you need a base of knowledge to be able to tell the finance gold from finance garbage. With existing knowledge you can take content with a grain of salt... Maybe picking up a good idea here and there, but the issue is most young adults turn to TikTok as a complete introduction to finance, and this can be the fast track to going broke.
TikTok
TikTok trends
Investing
Personal finance
Social media
Timestamps:
The TikTok Boom
0:38 My Experiment
1:11 TikTok is Broken
2:38 The TikTok Expert
4:40 TikTok Secret Sauce
5:50 This is a Serious Problem
7:58 Experiment Results
8:21 Offer
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*I am not a financial advisor. This is not financial advice. Some of the above links may be affiliate links*

Видео TikTok is Making You Poor канала Max Maher