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You might find some good advice on financial TikTok, but theres also plenty of misinformation going around.
Here are some keysigns that the advice you find on TikTok might be useless.
When it comes to TikTok, pretty much anyone can hop on the platform and start sharing financial advice.
But you’re free to do online searches to see their backgrounds, credentials and areas of expertise.
If youre unable to vet the source, it may be best to steer clear of their advice.
Thats another reason its good to be skeptical when you come upon financial advice on TikTok.
Its Impersonal
In general, money advice needs to be tailored to your specific situation.
For example, the common advice about having six months worth of expenses for an emergency fund is good.
One area in which you may want to be especially careful is investing.
The advice you see on TikTok may be very general in nature.
If its specific, it still may not take into account unique aspects of your financial situation.
You may see a TikTok video about good methods for investing.
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