5 Pieces Of Trash Financial Advice That You’re better Off Ignoring

Here’s what to do instead.

I hate to admit it, but I love TikTok. From the puppy videos I obsessively share with my partner to the cooking hacks I find myself writing down as I sharpen my skills in the kitchen, I can easily get lost in the platform. But in the process of finding the cute pups and weeknight recipes that I keep coming back to, I’ve also heard loads of terrible yet wildly popular financial advice.

And while most of the bad money advice on there either promotes get rich quick schemes or egregiously downplays the time and effort necessary to develop true passive income, this more obvious form of bad advice isn’t my concern. Most people can already spot that brand of BS from a mile away.

Some of this bad advice, however, doesn’t sound too bad on the surface. On the contrary, it can even seem to make pretty good sense in passing. And given the extremely short-form nature of the platform and the high levels of confidence with which these messages get pushed, most will take what they hear without digging too far into it.

Fortunately though, 99% of this sneakily bad advice can be broken down into five broad subtypes. So keep an eye out for the following.