Debunking Myths

VIRAL LIES: 5 Toxic Pieces of Money Advice From TikTok \’Finfluencers\’ You Must Ignore

Leave a Comment / Credit & Debt, Debunking Myths, Debunking Social Media Myths, Personal Finance /

The Myth: You can get rich quick by following the simple, high-risk, \”no-budget\” advice from a charismatic stranger on social media. The Truth: Social media has made finance accessible, which is great. But many viral \”money hacks\” are either actively dangerous, based on a massive conflict of interest, or simply too good to be true. […]

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BUSTED: The $10,000 Myth About Maxing Out Your 401(k) at Year-End

Leave a Comment / Debunking Myths, Investing & Retirement Planning, Saving & Budgeting, Taxes /

The Myth: I can wait until December or even the tax deadline (April 15th) to contribute the bulk of my retirement savings and still get the full benefits. The Truth: While IRA contributions can be made retroactively, waiting until the end of the year to fund your 401(k) is one of the most common and

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The Credit Card Points Trap: Why ‘Free Travel’ Isn’t Always Free

Leave a Comment / Debunking Myths, Personal Finance /

Who doesn’t love the idea of \”free\” flights and luxury hotel stays? Credit card companies market their rewards programs aggressively, promising dream vacations just for spending money you’d already spend. But is it really that simple? The truth is, the allure of credit card points can be a double-edged sword. While savvy users can benefit,

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Is It Really a Flex? Why Social Media’s ‘Soft Life’ Can Quietly Drain Your Wallet

Leave a Comment / Lifestyle & Money, Personal Finance /

Living the “soft life” isn’t always soft on your finances. The allure of the \”soft life\” often promotes a life of luxury, relaxation, and indulgence, where everything seems effortlessly glamorous. However, constantly curating an image of wealth and leisure on social media can lead to spending beyond your means, from pricey vacations to designer outfits.

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7 Viral ‘Financial Hacks’ That Are Actually Scams (Avoid These!)

Leave a Comment / Debunking Myths, Debunking Social Media Myths, Personal Finance, Side Hustles /

We’ve all seen them—flashy TikTok videos, Instagram reels, and YouTube ads promising \”Get rich quick with this one weird trick!\” or \”Make $10,000 a month with zero effort!\” But here’s the truth: Most of these \”financial hacks\” are scams. Some are outright frauds, while others are just misleading—designed to exploit your hopes for easy money. Worse, they can cost

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Can You Really Write Off Everything as a Small Business Owner?

Leave a Comment / Debunking Social Media Myths, Taxes /

As a small business owner, you’ve probably heard people say, “Just write it off, it\’s a business expense!” But is that really how it works? Many entrepreneurs believe that owning a business gives them free rein to deduct almost any expense. Unfortunately, the IRS has clear rules on what qualifies as a legitimate business deduction.

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Is \”No-Buy 2025\” a Financial Revolution or Just Another Social Media Fad?

Leave a Comment / Debunking Myths, Saving & Budgeting /

The \”No-Buy 2025\” challenge is making waves on social media, with influencers encouraging followers to abstain from non-essential purchases for an entire year. While the idea of reining in spending sounds appealing, is this trend a sustainable approach to financial health, or just another social media myth? This blog post explores the realities of the

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Is Leasing a Car Really Cheaper? What Social Media Gets Wrong

Leave a Comment / Car Buying Tips, Debunking Myths, Personal Finance /

When scrolling through social media, it’s easy to be bombarded with posts that claim leasing a car is the \”cheaper\” option. Influencers and car enthusiasts often highlight the low monthly payments, the appeal of driving a new car every few years, and the lack of long-term commitment. But is leasing really the best financial choice,

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Get Rich Quick? The Truth About Viral Side Hustle Ideas

Leave a Comment / Debunking Myths, Debunking Social Media Myths, Financial Planning and Budgeting, Side Hustles /

In a world that thrives on instant gratification and digital success stories, it’s tempting to believe that you can get rich quickly by jumping on the latest viral side hustle trend. We’ve all seen the ads, the influencer posts, and the YouTube videos claiming to have “the secret” to financial freedom with minimal effort. But

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