The WORST Financial Advice on the Internet

There’s a lot of great financial advice on social media… and there’s a lot of dumb stuff, too. Here’s what to watch out for!

Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson, AFC®
Directors: Katie Graham & Andrew Matthews
Written by: Taylor Behnke
Executive Producer: Amanda Fox
Produced by: Katie Graham
Edited & Animated by: Ben Harrison
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Two Cents is a production of Spotzen for PBS Digital Studios

sources:
https://nymag.com/intelligencer/2021/01/the-unlikely-stocks-soaring-after-reddits-gamestop-run.html
https://www.bbc.com/news/technology-55948550
https://www.pbs.org/newshour/economy/making-sense/you-arent-warren-buffett-stop-trying-to-invest-like-him
https://www.nytimes.com/2023/04/14/business/stock-market-2022.html
https://www.sec.gov/investor/alerts/ib_fees_expenses.pdf
https://www.cbsnews.com/news/record-share-americans-cant-pay-credit-card-bills/
https://consumer.ftc.gov/articles/credit-scores
https://www.cnn.com/2026/01/16/business/credit-report-job-background-check
https://www.cnbc.com/select/what-happens-if-you-only-pay-the-minimum-on-your-credit-card/#what-happens-when-you-only-make-your-credit-cards-minimum-payment
https://www.theatlantic.com/health/archive/2019/07/coffee-financial-advice/594244/
https://www.bloomberg.com/opinion/articles/2022-07-25/personal-wealth-gen-z-thinks-the-money-will-come-back-on-tiktok-will-it
https://financialpost.com/wealth/why-gen-z-prioritizes-travel-over-homeownership
https://www.cnbc.com/2024/06/29/some-american-plan-to-take-on-debt-for-summer-travel.html
https://www.nytimes.com/2020/02/10/smarter-living/the-young-persons-guide-to-investing.html
https://www.independent.co.uk/money/finfluencers-social-media-financial-advice-tips-b2850840.html
https://www.cfp.net/-/media/files/cfp-board/knowledge/reports-and-research/consumer-surveys/cfp-board-financial-misinformation-report-2025.pdf

source