Which platforms can you trust for honest personal finance advice?

The online landscape is littered with terrible personal finance advice: teen advertising change day strategies, “influential peopleflagellation questionable investment schemes and people with questionable credentials who promote investments.

The outrageous statements and flashy graphics draw attention, but there’s also a lot of solid, factually correct money content, and some of it is even entertaining.

So if you want more information about manage your financeswhile having at least a little fun, here are some ways to do it.

Audio worth listening to

With podcasts, you have a plethora of options. One to try is stack benjamins. Former financial advisor Joe Saul-Sehy and certified financial planner Josh Bannerman mix news, jokes and education with the help of regular contributors Paula Pant and Len Penzo, plus a wide variety of guests.

Also, check out two public radio podcasts: planet moneythat explains how the economy works, and this is uncomfortablewhich describes itself as a podcast about life and how money interferes with it.

Public radio isn’t known for being a laugh a minute, but the high production values ​​and good storytelling will keep you interested.

If you like to learn by listening, the social networking app clubhouse might also be worth exploring. This voice-only app lets you listen to and often participate in live conversations on a seemingly endless number of topics.

Consider starting with the Personal Finance Club. (Clubhouse started out as invitation-only, but is now open to everyone.)

Of course, as with all social networks, proceed with caution. have many followers it does not mean that someone is credible, honest or knowledgeable. Many people pose as experts without the credentials or experience to be one.

No one is required to disclose conflicts of interest and your default assumption should be that what you are hearing or seeing may not be in your best interest.

Information or advice shared on social media is not customized for your unique circumstancessays financial planner Lazetta Braxton of Brooklyn, New York.

Research the ideas to make sure they make sense for your situation, and consider consulting an appropriate expert, such as a tax professional, financial planner or attorney, says Ms. Braxton.

what to see

Suppose you are more of a visual learner. In that case, you’ll find plenty of reputable experts to follow on Instagram, including certified financial planner Brittney Castro and financial education instructor Bola Sokunbiof. smart finance girl.

But for sheer fun, it’s hard to beat Berna Anat aka hello bernea financial educator whose stated goal is to make “financial education more fun, more accessible… for young people around the world”.

Ms. Anat and several other Instagram worthy creators like financial diet and His money and hers they’re also on YouTube, along with a host of finance and investment channels airing sketchy advice (often interrupted by even sketchier commercials).

Beware of creators who claim that making large sums of money is easy or who promote risky strategies such as options trading or borrowing money to buy volatile assets such as cryptocurrencyespecially if you are new to investing.

Also, be skeptical of creators who aren’t transparent about their financial situations or strategies, says Nashville-based financial planner Jeff Rose, a blogger at good financial pennieswho hosts the Wealth Hacker channel on YouTube since 2011.

Many people claim to be spectacularly financially successful, but in reality they are trying to lure you into buying courses or other products that make money for them and are not in your best interest.

That’s especially true on TikTok, where videos are often just a few seconds long and bold claims about instant wealth seem to be the norm.

Even here, however, some people are creating substantial and entertaining money content. Two to watch include Humphrey Yang (@humphreytalks) and Delyanne Barros (@delyannethemoneycoach).

go old school

Yes books are your bag, you won’t have to drink caffeine to work with the following personal finance tomes that pepper your education with plenty of humor:

  • Stacked: Your Super Serious Guide to Modern Money Management by stack benjamins host Saul-Sehy and co-author Emily Guy Birken.
  • Bad With Money: The Imperfect Art of Getting Your Financial Shit in Orderby comedian Gaby Dunn.
  • Any of these three books by Erin Lowry, broke millennial, Broke Millennial takes on the investment and Broke millennial talk money.

One last recommendation: The richest man in Babylon by George S. Clason. This lean book of parables isn’t funny, but it’s entertaining, easy to read, and amazingly relevant nearly 100 years after it was first published.

The ways we learn about money can change dramatically, but a lot of the best personal finance advice doesn’t.

Updated: March 02, 2022, 4:00 am

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