All You Need to Know About Personal Finance Influencers
Who Exactly is a Personal Finance Influencer?
A personal finance influencer is either a certified or an experienced individual who shares financial hacks and tips through social media platforms. These platforms can be Facebook, TikTok, Instagram, Twitter, LinkedIn, or Reddit. Personal finance influencers also share money tips through vlogs – via YouTube – and blogs through written articles and content.
Likewise, personal finance influencers can be either certified professionals who learn finance in educational institutes and, in turn, teach others through certain platforms. Or, they can teach and share tips on money based on purely their personal experiences – without any degree and certification.
Nonetheless, it is pertinent to mention here that most of the personal-finance influencers are not “professional financial advisors.” That is why, one must ponder over the financial advice given by these influencers, before actually following that advice. This also means that a financial tip, advice, or trick given by a personal finance influencer should not be considered a substitute to the advice of professional financial advisors.
How to measure if a Personal Finance Influencer is a good fit for you?
As mentioned earlier, personal finance influencers use social media platforms to share their financial expertise. So, the fundamental measurement of “reliable and expert” influencers is their social media followers. Generally speaking, those influencers who have a following in millions – on any social media platform – are likely to be a good fit for you.
Having blue-ticked accounts and following in million means that the influencer shares good content and his/her followers are pretty much satisfied from the shared content. In other words, the followers find the money tips and hacks helpful.
How Legit are Personal Finance Influencers?
Anyone can literally go on social media and share money tips. But that doesn’t mean that the one who shares some money shortcuts in a blue moon is a personal finance influencer. Rather, one must have consistent content specializing in the money and finance niche. As long as you have a certification or personal experience in finance, you are good to be a personal finance influencer.
Nevertheless, FTC has certain protocols that every personal finance influencer should adhere to. For example, if a personal finance influencer endorses or recommends products of a certain bank, he/she must disclose legal affiliation with that bank.
Should You Follow Personal Finance Influencers?
The short answer is yes. Personal finance influencers are great sources for getting fruitful money tips and becoming financially educated. After all, most of their content is free of cost. So, it is a worthwhile idea to be engaged with personal finance influencers. However, before you follow one, it is mandatory for you to do your own research and gauge the professional’s background and expertise.
More in Money
-
`
Celebrity Feuds: Taylor Swift vs. Scooter Braun
Pop culture has always been flavored with a touch of intrigue – and there is nothing more riveting than a good,...
November 9, 2023 -
`
Parenting | How to Raise a Committed, Hardworking Child
Parents navigate the intricate path of supporting their children’s academic and personal growth as the new school year begins. For some...
October 31, 2023 -
`
Everything You Need to Know Apple AirTags
There is something oddly satisfying about the universe of Apple gadgets: Just when you think they have reached the peak of...
October 28, 2023 -
`
Buying a New House With $100k Salary? Here Are the Top 8 Places to Move to
So, you are raking in a cool $100k annually and have your sights set on planting roots and buying a house?...
October 19, 2023 -
`
Celebrities We’re All Hoping to See Making a Grand Comeback
There is a certain nostalgia that strikes when you hear an old favorite song on the radio, instantly transporting you back...
October 12, 2023 -
`
Money-Related Questions to Ask Before Moving In Together
Moving in together is a significant milestone in any relationship. It’s a time filled with excitement, hope, and the promise of...
October 6, 2023 -
`
Using Modern Tech to Take Your ‘Man Cave’ to a Whole New Level
Every man cave is a reflection of one’s personality, hobbies, and tastes. From cozy corners to sprawling rooms filled with memorabilia,...
September 30, 2023 -
`
The Benefits of Breastfeeding for the Mother and the Baby
Breastfeeding is an age-old practice that has stood the test of time for its remarkable benefits to mothers and infants. The...
September 30, 2023 -
`
Inflation Surge Over the Decades: What Lessons Can We Learn?
As an aspiring investor, understanding the history of inflation surge is vital. Inflation is a common phenomenon that affects most economies...
September 21, 2023
You must be logged in to post a comment Login