America Saves’ Post

It’s important for #SocialMedia users to be cautious about the content that influencers share, experts say. Individuals who are affected by risky or incorrect advice they took from a social media creator can file a complaint with the Consumer Financial Protection Bureau, according to Amy Miller, AFC, an accredited financial counselor and manager of America Saves. #TikTok #finfluencers

Imagine if your identity, income, and self-worth, Depended on a single app. That’s the reality many are waking up to with the TikTok ban. Millions have built careers, connections, and even their sense of purpose on a platform that could vanish overnight. This isn’t just about TikTok—(or the propaganda/manipulation politics involved) And the story is obviously not over… But, it can serve as a small wake-up call— Social media isn’t real life. Algorithms don’t care about *you.* Followers aren’t the same as real friends. And a digital empire built on rented land can disappear with one policy decision. So, here’s our reminder: - Invest in skills, not just trends. - Build relationships, not just audiences. - Focus on a life that’s real—not one that disappears with a swipe of legislation. The ban might feel like panic for some, But maybe for some it’s also a strong reminder to do something better: Live more fully and intentionally offline. (Fingers crossed 🤞 of course that everyone who actually depends on the platform for primary income sees a solution soon)

Social Media is your digital storefront. The article states that more than half of Gen Zers and millennials rely on social media for investing information, along with nearly a third of Gen Xers (consumer research firm Hearts & Wallets 2023 data). The problem is, these individuals can fall victim to taking advice from a severely under-qualified 'financial expert.' There are tons of reasons why it makes sense for agents, advisors, and other finance professionals to turn their social networks into thought leadership platforms—an opinion supported by data from our recently released 2024 Content Study. Read more: https://bit.ly/3ypkhcc

The Effects of Social Media on Personal Finances In today’s digital age, social media plays a powerful role in shaping personal finances. Platforms like Instagram, TikTok, and YouTube are filled with influencers and financial experts offering tips on spending, saving, and investing. While these resources can be valuable, they also come with potential downsides. One of the most prominent effects is the rise of "social comparison." Constant exposure to influencers showcasing luxury lifestyles can lead to impulsive spending. Many individuals feel pressure to keep up with trends, whether it's the latest fashion, tech gadget, or vacation spot. This can result in overspending and even accumulating debt. On the other hand, social media has democratized access to financial education. Personal finance influencers often share budgeting tips, investment strategies, and ways to build wealth. With the right discernment, users can gain financial literacy and make more informed decisions about their money. However, it’s essential to be cautious about the accuracy of the information shared. Not all content is created by financial professionals, and following poor advice could harm your financial health. While social media offers great opportunities for financial education, it can also encourage harmful spending habits. Being mindful of what influences your decisions and focusing on credible sources can help you use these platforms to your financial advantage. #PersonalFinance #FinancialLiteracy #SocialMedia #MoneyTips #FinancialInfluencers #BudgetingHacks #SmartSpending #FinancialWellness

🚨 #PersonalFinance - Finfluencers: Navigating the World of Financial Advice on Social Media The rise of social media has given birth to a new kind of influencer — the “finfluencer.” These financial influencers share investment tips, budgeting hacks, and general financial advice with followers across platforms like Instagram, YouTube, and TikTok. But with this influx of finance content, it’s essential for followers to approach financial advice on social media critically. Here, we’ll discuss the benefits, risks, and ways to make informed decisions while navigating the fina READ MORE: ➡️➡️➡️ https://lnkd.in/dWWavsuZ --------------------------------- ⚠️ INSTALL SNOOPIBOARD APP: ➡️➡️➡️ https://bit.ly/SnoopiBoard #insight #news #job #vacancy #opportunity #visa #sponsorship #grant #study #immigration #career #highlights #highlight #everyone #fyp

Do you own your audience? Can you reach them outside of social media? If not, now is the time to develop a plan that doesn’t rely on a platform’s whims. The recent TikTok ban serves as a stark reminder that digital platforms, no matter how powerful or popular, can be taken away in an instant. For businesses and content creators, relying solely on a single app or platform to market your products or build your brand is 😐 What would happen if tomorrow, all your followers and engagement were suddenly gone? Is your business prepared? https://lnkd.in/gmtKqzem

🌐 Diverse voices in finance are essential for creating inclusive financial solutions. We were so excited to see some of our favorites in the 14 top Finance Influencer List #InclusiveFinance #DiversePerspectives https://lnkd.in/eBgCcT2Z

 Common Myths About Instagram for Financial Advisors Debunked 1️⃣ "Instagram Is Just for Kids" 📊 Many assume younger users dominate Instagram, but data shows that 31.2 million users aged 35-54 are active on the platform in the U.S. 🌎 This age group includes professionals, decision-makers, and high-net-worth individuals. 💼 2️⃣ "You Can’t Build Trust on Social Media" 🤝 Social media isn’t just for casual scrolling. Instagram offers tools like reels, stories, and carousels 📹, allowing financial advisors to share valuable insights and establish credibility with their audience. 3️⃣ "It’s All About Vanity Metrics" 📈 Likes and follows are often seen as the end goal, but Instagram is a platform for engagement 💬 and relationship-building 🤝. The focus should be on meaningful interactions and creating connections with potential clients. 4️⃣ "Posting Is Too Time-Consuming" ⏰ While content creation takes effort, planning and scheduling tools 📅 make it manageable. With a clear strategy 📝, advisors can streamline their efforts and maximize their impact. 5️⃣ "Financial Advisors Don’t Belong on Instagram" 🚫 This myth couldn’t be further from the truth. Many advisors successfully use Instagram to educate their audience, share insights 📚, and connect with clients who value their expertise. 🏆

The Supreme Court has upheld the looming TikTok ban, but the Biden administration has opted not to enforce it, leaving the decision to President-elect Donald Trump. A final ruling may delay the ban for up to 90 days if a sale is close. For small businesses in Alaska and beyond, this creates a wave of uncertainty. TikTok’s unmatched organic reach, visibility, and selling power, especially for businesses in remote areas, has made it a lifeline for many. So, what happens if it’s gone? In a recent conversation with Alaska Public Media's Ava White, Alaska SBDC State Director Jonathan Bittner discussed the potential impacts and shared practical advice for business owners. Listen to the full interview at https://lnkd.in/g-KEZZdh Key takeaways for small businesses: ▪️Explore alternative platforms: Identify where your audience spends time and adjust your strategy. ▪️Build your email list: Own your audience with direct communication channels you control. ▪️Diversify your presence: Spread your efforts across multiple platforms to reduce dependency. ▪️Act now: Use the remaining time to connect with followers and guide them to your other platforms. TikTok has been a game-changer for Alaskan businesses, helping them reach far beyond local demographics. As we navigate these changes, the Alaska SBDC is here to help you adapt and thrive. What are your thoughts on the potential TikTok ban? How might it affect your business or clients? Let's talk about it. #AlaskaSBDC #SmallBusinessSupport #TikTokBan #AlaskaBusiness

Read below how financial influencers are repurposing/recycling their old media with tools like ArticleX. Influencers are opening up blogs with ZERO upfront work. Utilizing free publishing platforms like Medium and Substack, influencers can reach entirely new audiences of people outside of social media. Thanks for the mention - Due! https://lnkd.in/gd4SGfXT #contentrepurposing #influencers