Social media has fundamentally changed how people consume information—and increasingly, how they make financial decisions.

From viral investing tips and cryptocurrency predictions to influencers promising overnight wealth, millions of investors now look to platforms like TikTok, Instagram, YouTube, and Facebook for financial guidance. The surprising reality? It's not just younger investors. Even affluent families are turning to social media as part of their decision-making process.

In this episode of Path to Abundant Living, Matt Nordmann and Scott Morrison explore the growing influence of social media on investing and ask an important question: Where should education end and financial advice begin?

Together, they discuss why intelligent people are drawn to confident voices online, the psychological traps created by algorithms, and how comparison culture can quietly undermine even well-designed financial plans. They also examine why some financial creators genuinely educate while others simply entertain, and what every investor should do before acting on investment advice found online.

Whether you're just beginning your financial journey or managing significant family wealth, this conversation offers practical guidance on filtering information, avoiding emotional decision-making, and building confidence through thoughtful planning rather than viral headlines.

Chapters:

0:00 Introduction

1:52 Why Social Media Has Become a Financial Advisor

6:18 Education vs. Entertainment: Knowing the Difference

11:27 Can You Trust Financial Influencers?

17:04 The Psychology Behind Viral Financial Advice

23:15 Red Flags Every Investor Should Recognize

29:42 FOMO, Market Hype & Emotional Investing

35:28 How to Evaluate Financial Information Online

40:36 Why Personal Financial Advice Still Matters

46:11 Building a Long-Term Investment Mindset

50:47 Final Thoughts