Good Vs. Bad Finfluencers: How To Tell The Difference With The Plain Bagel Great Canadian Piggybank podcast

Good vs. Bad Finfluencers: How to Tell the Difference with The Plain Bagel

9d ago 21:53

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Christi sits down with Richard Coffin, the creator of The Plain Bagel — to unpack the good, and the bad of TikTok “finfluencers.” Together, they break down how parents can help their kids navigate financial advice online without falling for scams, hype, or bad information.

Richard explains why kids are drawn to money content, what red flags to watch for, and simple tools families can use to verify whether an influencer is trustworthy.

What we cover:

Why TikTok finance content can feel so engaging

The biggest red flags that signal misleading financial advice
How to tell whether an influencer is qualified to give advice

Simple, fast ways to fact-check financial claims with your kid
The surprising reason many trustworthy creators have fewer followers
What parents can do this week to help their kids build real financial literacy

Show Links:

The Plain Bagel:

Youtube: https://www.youtube.com/@theplainbagel

X: @The_Plain_Bagel

Free Financial Classes:- https://pages.stern.nyu.edu/~adamodar/- https://uwaterloo.ca/school-of-accounting-and-finance/teachers-and-guidance-counsellors/financial-literacy-classroom

Professional Accreditation Check:- CFA: https://directory.cfainstitute.org/- CFP: https://www.fpcanada.ca/planner-directory- Registered Financial Advisors: https://info.securities-administrators.ca/nrsmobile/nrssearch.aspx

Chapters:

00:00 Introduction to TikTok Money Advice

01:49 The Dangers of Bad Financial Advice

03:43 Why Aren't There Regulations in Online Financial Advice?

05:05 Common Misleading Financial Advice

06:30 Red Flags in Financial Advice

11:47 Good Online Creators

13:06 Advice for Young Investors in a Noisy Market

16:11 One Piece of Advice to Parents to Help Avoid Scams

18:11 90% of benefits comes from 1st 10% of effort

14 episodes