Finfluencers Exposed: How to Tell Good Advice from Bad | The Plain Bagel

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 literacyShow Links: The Plain Bagel:Youtube: https://www.youtube.com/@theplainbagelX:  @The_Plain_BagelRecommended FinFluencers:- https://www.youtube.com/@theplainbagel- https://www.youtube.com/@TwoCentsPBS- https://rationalreminder.ca/- https://www.youtube.com/@BenFelixCSI- https://www.youtube.com/@PBoyle- https://www.youtube.com/@MoneyMacro- https://www.youtube.com/@AswathDamodaranONValuationFree Financial Classes:- https://pages.stern.nyu.edu/~adamodar/- https://uwaterloo.ca/school-of-accounting-and-finance/teachers-and-guidance-counsellors/financial-literacy-classroomProfessional Accreditation Check:CFA: https://directory.cfainstitute.org/CFP: https://www.fpcanada.ca/planner-directoryRegistered Financial Advisors: https://info.securities-administrators.ca/nrsmobile/nrssearch.aspxChapters:00:00 Introduction to TikTok Money Advice01:49 The Dangers of Bad Financial Advice03:43 Why Aren't There Regulations in Online Financial Advice?05:05 Common Misleading Financial Advice06:30 Red Flags in Financial Advice11:47 Good Online Creators13:06 Advice for Young Investors in a Noisy Market16:11 One Piece of Advice to Parents to Help Avoid Scams18:11 90% of benefits comes from 1st 10% of effort