Let your students be the judge after watching TikToks from these popular finance influencers! 

You may have seen the surveys that 1/3 of young people are getting financial advice through TikTok. So why not serve up some high quality content from this site? I took a look at a few of the more popular influencers on TikTok. Sharing some videos that your students might enjoy: 

• Experienced car shoppers know about the tyranny of the monthly loan payment. Find out why that's dangerous to your financial health. 
  • When a car salesperson focuses on a monthly payment for a car, what's the key question to ask?
  • What's the downside to having a car loan with a longer term (like 72 months)? 
• What are three things you should do when you turn 18 (or sooner)? Watch this video and find out! 
  • What are the three steps he suggests you should take?
  • Have you done any of the three? 
  • Why do you think that each of them is important? 
• Have you ever been shopping online or in-person and during the purchase process asked if you want to add additional features? This video explains what's going on and why companies do this. 
  • Have you have experienced this in your own life? 
  • In your own words, what is the contrast principle? 
• One influencer shares how she became a millionaire in this video. 
  • There are lots of ways to generate wealth. Which steps does she describe in this video?
  • Which of them resonate most with you? 
  • What are you motivated to learn more about now? 
• Finally, you might see some familiar data in this video explaining what states guarantee a personal finance course to high schoolers. 

--------------

Kyla Scanlon uses TikTok to explain economic concepts. She appeared as a guest recently on the NGPF Podcast. 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

More posts by Tim