Financial Advisors React to Unhinged Money Advice on TikTok

[@Riverbend1752]

Person refinancing and buying a sound system with those skipped payments is forgetting a huge rule of car mods: do not modify the bank's car.

[@greg_216]

You inspired a funny thought: what if every financed vehicle had to have the name of the bank in big letters on the side. Suddenly, paid-off cars would become status symbols.

[@kuebby]

@@greg_216 that would be way too effective. never gonna happen.

[@HoboTango]

6:53 This is a satire channel 😂. And these guys are hilarious too. They come from “Almost Friday TV”. They’re professional actors.

[@JustusandJustice]

Came to the comments to make sure someone said this 😅

[@blackbutterfly233ify]

🤣🤣🤣 thanks for this comment because i never heard of him and i was so confused

[@NotTehJon]

Hahaha yup, they’re very good at threading the outrage bait needle. Have seen lots of people take their satire way too seriously and completely miss that it’s an over the top joke.

[@WealthyChronicle]

Why is nobody talking about the real MVPs here-parents with deep pockets funding these ‘young entrepreneurs’?

[@icanseaclearnow]

Hey now, Bill Gates, Jeff Bezos, and Mark Zuckerberg were all hard working entrepreneurs with no help from their….. oh wait never-mind.

[@moon_wobble7782]

1st step, be born to rich connected parents

[@trevorbergen7211]

I hope yall never stop these videos.

[@SirKingWest]

How to know if you're getting scammed: there is a mega-wealthy person is on stage or on screen telling you how to get rich.

[@ImVeryBrad]

"401k is poop, buy my course to learn how to get rich."

[@davidbrooks8809]

😂

[@WesBergen]

That’s a Warren Buffet quote, right? 😂

[@patrickj4747]

The kid buys a property with his parents lending him the money. He didn't do anything. The parents have all the risk.

[@eatmorecoleslaw]

Can’t handle Bo’s new mustache 😂😂😂❤

[@Atrus999]

It's not actually a mustache, Bo is just really into peaches right now.

[@Christopher-i5j9o]

It's gone now lol. They record these and slowly put them out. You can see the subscriber count is at 510k and they are over 520k now.

[@mattprosch1251]

I didn't even notice until u said something lol

[@mikesaddi]

Oh my god! Thank you for saying it

[@alanbates1415]

Movember is over bro.

[@christinajones3022]

This video confirmed my belief that no one should be on tiktok.

[@NotTehJon]

There will always be suckers and people wanting to take their money. TikTok (or really social media altogether tbh) makes it SOOOOO much easier than it was in the past.

[@chukuemekaoje1015]

Kris Krohn never fails with his horrendous takes on 401k/IRA. He either completely misunderstands them... or is intentionally misleading his audience so that they can invest in his own fiancial investment tools.

[@ToastbackWhale]

It’s 100% the latter.

[@chukuemekaoje1015]

@ToastbackWhale I really wanted to give him SOME benefit of the doubt and say it is the former, but I agree with you.

[@thomaslunden]

I bet he sells IULs.

[@chukuemekaoje1015]

@@thomaslunden It's real estate investing "mentorship" or turnkey/property "deals"... which, if you dig into the details of his program, sound super sketch.

[@joshuadupre6161]

​@thomaslunden where you get less than 2 pct avg growth 😂

[@eaton24]

The kid at 9:50 really isn't doing anything. He didn't pay 100k for the property. HE isn't doing anything, his parents are just investing like they always do. Unreal.

[@BenFranklin1776]

I wonder if his parents found a tax loophole type of thing where that 10% is needed for IRS appearances or compliance, but is still a lower rate than they would pay otherwise.

[@ex0ticx0x]

Of course not lol you think a 12 year old can just walk into a bank or credit union and ask for a 10% loan? lmafo

[@nsieron22]

Its worse than that. If I understood him he barrowed 100k at 10% and is getting 700-800 in rent... that not enough to cover his interest

[@eedre4864]

Seems like he’s learning the biz from successful parents. No problems with that other than the finfluencer sort of framing him up like he’s an independent investor like anyone can do it.

[@amandadsouza3767]

Dont forget the $50k he used for rehab on the house before renting

[@rffinances8567]

That car payment one hurt me. Maybe it could have made sense if he took that offer for the lower interest rate, but kept making those payments instead of just spending that money on a sound system. I do appreciate how the Money Guys are able to find the kernel of truth in these videos and draw them out, so we can learn something from them instead of just making fun of them.

[@roburb73]

All I had to do was ask for money?!?! Well, it's worked for my sister the past 50 years! 🤣🤣

[@marshallwhite3780]

Kris Kohn is literally the worst person to take financial advice from 💀

[@janise01]

"I've been hard at work" 😂😂😂😂. I laughed way too hard at that.

[@steeltoffees]

one small note, shouldn't say that employer match is a 100% *rate of* return, it's more simply a 100% *return*. if you want to refer to it as a RATE of return, i suppose it's infinite, or more precisely indeterminate since it's 100% return over zero time. a 100% RATE of return would imply that if you're putting in $1k each year, in your FIRST year it returns $1k to total $2k, but then second year you put in $1k and it would return $3k to total $6k after 2 years.

[@OBaegloich3]

Watched this on my lunch break and tepeated thise affirmations...on my way back to my work area, i found a quarter on the floor (heads up)

[@BrienenDreier]

Dividend investing is my jam! I'm building wealth with a buy-and-hold strategy in my Roth account, featuring rockstars like Berkshire B stock, SCHD, and S&P 500 and total market ETFs. My taxable account is also getting in on the action, generating regular income through dividend-paying stocks. It's a winning combo that's helping me achieve my financial dreams!

[@EricMilley]

The best strategy depends on your financial situation, account types, tax bracket, and investment goals. Consult a fin-advisor or tax professional to tailor these strategies for maximum tax efficiency.

[@BrienenDreier]

@@EricMilley My advisor helped me rebalance my $2m portfolio without triggering capital gains taxes by using tax-advantaged accounts and reallocating dividends and new contributions. They also recommended tax-loss harvesting and strategies to stay within my tax bracket. Q2 taxable divs this year was $17k. Thanks to her guidance. I maintained my desired asset allocation while minimizing taxes.

[@HendrikaWoudman]

@@BrienenDreier Glad to stumble on this commentary, I've been getting suggestions, but where and how to find one has been challenging. Can you share more info on the professional? I will certainly do my due research.

[@EricMilley]

@@HendrikaWoudman She's Katherine Ann McGrath, well seasoned and certified, with over 30 years of market experience, her strategy works hence my result. She provides entry and exit point for the securities I focus on. Look her up to see if she meets your criteria

[@HendrikaWoudman]

@@EricMilley Thanks! I just searched her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

[@rowddyone3570]

Not touching real estate with 10 ft pole, hated being a landlord with whiny tenant that break everything. ABB

[@MakkerDon]

buy a place, fix it up, sell for profit, also a way to do real estate

[@yomaze2009]

Bo looks like a villain in a 60's cartoon. Love it.

[@edmax2819]

😅😅😅

[@jwg9338]

Average CAGR return is 5-6%. What he's talking about is sequence of return risk, without realizing it.

[@davidbrooks8809]

Thanks guys.. one of the few channels that I actually trust😮😊

[@cuhullin3539]

That guy talking about the 401k is lying. The employer match alone will give your portfolio a roughly 12% cagr over the first 10 years, and this is assuming the market returns 0% over the decade (which happens very rarely). The cagr from employer match alone starts to fall off considerably after the first 10 years, but the return you get from the market at that point (even if it is only 5%) will outpace any contribution by a factor of over double.

[@last9up]

Mustache is back. Good 😂 It's so crazy to see so many people throwing money away. I've been forcing myself to spend a little and have more fun. All within budget though.

[@briansager3744]

From now on, whenever someone buys me a drink, I'm just gonna say I bought it with private money.

[@matthewsawczyn6592]

"I think 18% is good, my credit card is 30%..." Dude is so screwed 😭

[@Thederbs1234]

ALMOST FRIDAY MADE IT INTO THE VIDEO 😂😂😂

[@ericeven4090]

2nd guy with 5% 401k is a straight up liar. I wonder what he is selling?

[@akshaysalvi-it-is]

Cardon Selling poop 😂

[@Rastebb]

Invest in yourself by giving me money courses

[@arh1234]

Maybe 5% after inflation if you're messing with it. Also, you need to save more than $50k for retirement.

[@chukuemekaoje1015]

@arh1234 Very likely what people who don't actually invest or who are mostly in bonds are making. But he's definitely not right about what the market could return within a 401k. Years ago, he made a statement conflating the employer match with ROI and stated that the average ROI was 4%. And this guy is selling real estate investing, either "mentorship" or doing "deals" with him where you very likely take ALL the risk and he takes a BIG chunk of revenues.

[@thomaslunden]

IULs.

[@Eoin_D]

The entrapenure video re divorce is a skit.

[@masqueradinglampshade4369]

Yes. It's Billy from Almost Friday media.

[@paulgrewal4339]

I can’t take this video seriously with that moustache man. 🤣🤣

[@BenFranklin1776]

Maybe thats been the point of the mustache all along! It's just been a long con (to un-con the audience).

[@joshualomas930]

Bo, I just wiped off my screen thinking I had dirt on it. Nope, just your hair.

[@chrissawyer1484]

Did anyone think that guy works for Grant?

[@DarthVader1899]

Oh 100%%%

[@ano070602]

I get a good laugh at several of these.

[@theparodychannel7842]

How is every1 buyin houses bt nobody is buyin a house?

[@childoftheweb_]

Brian Bishops in the thumbnail i weakkkk

[@childoftheweb_]

they seriously gave commentary over what he said lolllll i love this channel man😂 @AlmostFridayTV

[@travisabt6805]

I'm just happy to hear you're excited today

[@Sharkmane25]

4:47 lmao hit a lick you say? You guys are hilarious

[@BrandonTalksFitness]

Kris Krohn is insane 😂 dude just makes things up

[@JohnDoe-vt2zl]

I don’t think he knows what “hit a lick” means….😂

[@28cthedestroyer]

0:50 i love that video he be trolling so hard in videos

[@texaskid4444]

My brain must be rotted I thought they already reacted to some of these lol

[@aarond23]

Don't teach your kids how to daytrade!

[@daniellehowell4339]

I just send them to the casino.

[@Ginormous76]

This is also why I hate looking at nba stats. They do everything as “per game” and make it difficult to find individual numbers easily. If you look at totals. Harden: 2356 points, 907 assists, 659 rebounds Westbrook: 2558 points, 840 assists, 864 rebounds So, W+202 points, +205 rebounds, -67 assists. Huh, I was with you until I did that. Now I think Westbrook was the right answer

[@stevenporter863]

Love these reaction videos. Instead of random guys on financial advice I think it would be interesting and educational to see reaction videos to Dave Ramsey, Ramit , etc.

[@hillowl4977]

3:04 lol the dude also forgot about compound growth. If you just triple 50k over 10 years you don’t factor in compound growth you get a way lower number

[@jimmiehenson]

6:53 Brion Bishop is the GOAT. I'm in the top 100% of earners for my age because of him

[@arh1234]

We are all in the top 100% of earners for any group.

[@nailatiyllufm7325]

@@arh1234read that again

[@BlokedAgain]

@@arh1234 ... That's the joke.

[@ThatGuyUkindaNo100101]

3:00 maybe the logic was an 8% return minus 3% for inflation?

[@saulgoodman2018]

That money guy show sign is a little crooked.

[@AP-qc7dy]

So it's not just me 😂

[@cassnate6259]

Think it happened same time as the 'stasche. Coincidence?? 🤔

[@saulgoodman2018]

@@cassnate6259 It has been like that since they made the new set.

[@Atrus999]

Should I just have someone give me $500 guys? 😆

[@nodsib]

Let me know if that works out for you 😂

[@erinsmith8074]

Bo’s mustache is giving Waluigi vibes 😂

[@mrob456]

Please tell me you do not think the guy in the thumbnail is giving serious advice. His videos are satire. They aren’t real advice. Ha ha

[@maxm2656]

If you watch these guys you know they’re self aware and sarcastic enough to know what is satire and what isn’t

[@kckuc310]

lol are you serious, they are the best. Listen and learn!

[@Rastebb]

...watch the video.

[@beerkegaard]

These “money guys” really need to learn the Royce du Pont approach. Without it they are lost.

[@felixhernandez9937]

You are a fool

[@Woad25]

13:40 I repeated these affirmations and now I'm wearing gaudy ass clothes like this lady! Help!

[@DaanSnqn]

Bro come on, there is no way you just fell for a satire channel😂😂boomer moment

[@0730bcorm]

WHAT YEAR TACOMA!? $77k!?

[@Spankmepink]

I'm sad to live on the same planet as some of these people.

[@egdanielencarnacion338]

This is popcorn worthy

[@hardlife507]

I kove the mustache!!

[@anthonymejia7838]

Bo can no longer be trusted with that mustache

[@edmax2819]

😂😂😂😂

[@alicelaybourne1620]

Lol. Are they wealthy because they are optimists, or Optimists because they are wealthy? Not sure that holds up to much scrutiny.

[@AnthonyMcNeil]

Now that everyone has a microphone, they're all financial pros. Its hilarious and sad to see because people fall for this stuff.

[@RuslanaPurih]

I really appreciate your efforts! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (purchase pet beef artwork wedding page tray shrimp addict modify spoon notice). How can I transfer them to Binance?🙏

[@cmw83d]

did he lose a bet with that mustache?

[@CaligulaKlacee]

Thanks for sharing such valuable information! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?

[@keepgoodcompany1279]

The real shocker here is the mustache….

[@3FPodcast]

Is that finance Matthew McConaughey?

[@brianmcg321]

That Kris guy is such a clown. I can’t believe he gets the exposure he does.

[@iclimbeverything2990]

New year new stache eh?

[@JCJourney]

SP500 + REITs - DCA weekly in ROTH IRA.

[@jimmymorgan3379]

That’s Thach’s son

[@theparodychannel7842]

I will say, if u do say an affirmation, u can notice that ur lying to urself, n thru that alone, ull want to start acting in a way that will affirm wat ur saying to urself...

[@meggarstang6761]

I don't need anyone to tell me to live below my means, save for a rainy day, pay my bills on time, and avoid credit and car loan debts like the plague.

[@joshuaroe3021]

Good for you. Many do.

[@esqu1re]

Theres so many financially uneducated people out there. Very sad. Now, I gotta figure out how to make a bunch of money from them. ;) i love capitalism.

[@Havmik808]

Lieutenant Jim Dangle? I was wondering what happened to you. Thanks for the financial tips! The mustache has really filled out.

[@NotADoctor330]

Brian Bishop’s advice made me rich

[@stewartpemble2025]

7:07 yall, this is a spoof/comedy account making fun of hardos out there. Don’t fall for it

[@Madchieften]

Please react to asmongolds advice when talking to insurance debt collectors

[@mrmistmonster]

Your monkey brain is pretty easily tricked so using affirmations to silence self doubt may work pretty well.

[@AirmanKolberg]

Most 401Ks are now the target date funds, so you have 0 say over what you invest in. If it weren’t for the match, I would not have a 401(K).

[@Chris-xt8io]

So what? Vanguard’s target date funds are decent historically. 8-9% with a .04% fee is good. Read the prospectus. Also, tax savings if you do a traditional.

[@leftapple88]

The guy that sits in front of the silver dumpster needs to drop the mustache.

[@zacharynusbaum8495]

What’s with the cyber truck? I thought this show wasn’t political…

[@derekcox6531]

I’d like a 50 dollar bill from 50000 of my best American friends please. Just know that your donation wil ACTUALLY be worth 40% more in Canadian dollars. But don’t worry,I’ll donate at least .2 % to an anonymous possibly,non existent charity. Just be nice! Be generous and make me rich for no effort on my part!😉👍

[@rathelmmc3194]

Who gives dollar for dollar matches anymore?

[@last9up]

I misread this as "who gives dollar for dollar mustaches anymore", and was thinking Bo does haha.

[@ericolens3]

14:00 affirmations... they work but not due to the WORDS. It's due to the mentality shift. speaking things into existence does work, but it's not magic. it's from a mentality and how you approach life.

[@saulgoodman2018]

Marriage is not about stats. Who cares what the divorce rates is. All of that is based on flawed stats.

[@Mr_Fairdale]

And it's not like we're all just at the mercy of it. There are actions that can be taken or not taken that heavily factor into it.

[@JB-kx9bx]

If you look at the divorce rate for two college educated people is like 25%.

[@saulgoodman2018]

@@JB-kx9bx All those stats are still skewed.

[@greenlantern1986]

I really wish Grant Cardone would actually make some money and just get the hell out forever. Also, please dont include satire in these videos, it mixes the message that actual financial charlatans and snake oil salesman are out there.

[@igorgelfenbeyn8833]

good video, but the mustache is very distructing. why, lost a bet???

[@CalmerThanYouAre1]

Can’t even watch this cringefest! 😂

[@TrentonNash-no8ql]

I try to listen to yall guys but yall are just too soft. Not throwing car loans out of the equation completely is something I'll never understand.

[@MarcusGarfunkel]

No to the mustache!! Come on already

[@edmax2819]

😅😅😅

[@mattymattffs]

You guys are exceptionally annoying. Bring it down about ten levels

[@Peter-kt2gb]

I would have to disagree. Real investing IS stock picking. Having a thesis about why you think a company stock is a good buy, etc. Passive investing is more akin to saving. Nothing is wrong with it. That is what I do personally. But let's not pretend we are investers. We're savers looking for a place to park our wealth.

[@arh1234]

Investing is putting money into businesses so they can use it to make more money.The money is at risk. Passive investing is 100% investing.

[@Peter-kt2gb]

@arh1234 Yes, technically speaking, of course, passive investing is investing. But I was reacting to the statement they made. They said REAL investing is passive investing and basically said that active investing/stock picking is not REAL investing. So that's why I put it the way I did. If we're picking between the two, and one is "real" and the other is not, I'd go with active as the "real" one.

[@rathelmmc3194]

Not to mention that the equity markets have, overall, done quite well over the last 40 years or so. There’s a potential return to the mean if something causes the asset class to fall back to its historic value.

[@Rollochrome]

My investing advice to my kids: (1) Love Jesus (2) Start and raise a large family (3) Start a business (4) Fail forward (5) DCA into low cost index funds monthly then never peek (6) Reallocate into bonds as you age (7) Cherish your physical health (8) Have FUN!!!

[@DerbyPy]

Curious, not trying to be critical - what does raising a large family have to do with investing?

[@da2ndtolastdon1]

Almost had it right.... just leave out the brainwashing garbage of your steps (1) - (3) please. And seriously, what the crap does "fail forward" even mean??

[@jdp486]

2025 resolution idea: stop pressuring your kids into having kids.

[@jdp486]

Kids will likely be the reason they don't invest enough, honestly.

[@Rollochrome]

@@DerbyPyBecause if you don’t get THIS order of operations right, nothing after it matters

[@DarthVader1899]

Lol mine was wild 39 percent this year