TikTok is one the biggest social media platforms in the world, and people are using it for more than just casual entertainment. Thousands of people are looking for financial advice on the platform, from content creators who post tips and tricks for making money called “Investing and Money Hacks”.
Whilst learning about investing and how to manage finances should be encouraged, some of these TikTok hacks are very misleading and could be dangerous for a lot of people.
To help debunk these misleading hacks, analysts at financial brokerage XTB identify five “Investing and Money Hacks” that have gone viral for all the wrong reasons and explain why they should be avoided.
This post originally appeared at ValueWalk.com.