Financial Advisors React to OUTRAGEOUS Money Advice on TikTok!

Comments · 446

• DA

  @dannyboots · 4 years ago (edited)

  "Don't save your money until you get 100,000 or 1 mill" ...what

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• LA

  @LaylaLover90 · 3 years ago

  Half of the advise was basically "Here is how to commit fraud and attempt to get away with it!"

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• KE

  @keepingitreal-t6k · 4 years ago

  I made my worst financial decision this past January( 22) , paid my home off. Now i don't have that close relationship with Wells Fargo anymore .

  492

• BR

  @brennenhrebeniuk9661 · 4 years ago

  The airbnb guy assumed he could charge 700 a night and get 100% occupancy.  It is very uncommon to achieve more then 70% occupancy unless using agressive dynamic pricing which adjusts price per night according to how far out someone books.  If using dynamic pricing which is highly reccomended the average price per night might be 500 with occupancy of 90%.  Theres almost no airbnb that has 100% occupancy with a super high nightly rate!

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• NI

  @nickdoyle-achievefinancial2464 · 4 years ago

  For many of these strategies, it works until it doesn't..  It seems like the hysteria is coming to and end, so it will be interesting to see how this leverage works out for them.

  259

• CH

  @chriso2385 · 4 years ago

  First rule of financial advice - never listen to anyone who has ever been in the same room as Grant Cardone.

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• EL

  @ellencox8415 · 4 years ago

  🤣🤣 No one pays $700/night for that basic a$$ Airbnb. He's broke now... guaranteed.

  46

• EI

  @einstein1102 · 4 years ago

  That first guy who talked about lying to the bank when getting a loan cannot even spell LOAN properly 😂

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• HO

  @hotsoup1001 · 4 years ago

  What never goes out of style, is living within your means.

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• WH

  @Whisky-1203 · 4 years ago

  I always cringe when I see people advocate for buying multiple real estate properties. Working in lending industry these are the first ppl who are stuck in bad situation when it goes bad. Make sure to do your research first.

  72

• HO

  @hopelessdecoy · 4 years ago

  Fraud works until it doesn't. The car idea is clever but ultimately a horrid idea, if you do get caught get ready for any future business ventures real or illegal to be under heavy scrutiny. All for a car, a depreciating asset that could be taken from you for the fraud, worth it? No

  58

• MA

  @macriro00 · 3 years ago

  “I also would not lie on federal paperwork…” 😂😂😂 So true!

  28