Money Mindset Mastery

Financial Advice in the Age of Social Media and Misleading Questions

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The conversation discusses the topic of financial advice in the age of social media and misleading questions. It highlights the issue of financial influencers on social media and the misleading advice they provide. The conversation emphasizes the importance of finding trusted sources and doing thorough research before making financial decisions. It also touches on the need to consider individual goals, risk tolerance, and personal circumstances when seeking financial advice. The conversation concludes with a reminder to be cautious of scams and to reach out to trusted individuals or professionals for guidance.

Takeaways

  • Be cautious of financial influencers on social media and their advice.
  • Seek out trusted sources and do thorough research before making financial decisions.
  • Consider individual goals, risk tolerance, and personal circumstances when seeking financial advice.
  • Beware of scams and reach out to trusted individuals or professionals for guidance.

    • Sound Bites


    • "Only 28% of financial influencers give advice that leads to positive returns."
    • "Listen to two to three trusted sources to talk about how does this apply to your unique situation?"
    • "Consider your source and do some research on the individual giving financial advice."

      • ...more
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      Money Mindset MasteryBy Jim Lao and Ryan Genoe TvH CacheFlo Solutions