Watching Your Wallet: Finance in the digital age

FRESNO, Calif. (KFSN) -- They're known arsenic "finfluencers" -- financially savvy contented creators catching your attraction portion you scroll, dishing retired proposal connected everything from savings to stocks.

"The entree to information, TikTok, Instagram, each of these videos retired there, you tin find a solution for immoderate idiosyncratic concern taxable that you're looking for," says Whelan Financial Chief Investment Officer, Taylor Whelan.

While hashtags including #fintok and #financialfreedom animate younger generations to instrumentality power of their fiscal future, it's indispensable to retrieve that fiscal proposal isn't one-size-fits-all.

"What is hard is to fig retired which 1 of these strategies applies to you, and what's the close 1 for you astatine the clip that you're looking at," Whelan said.

Whelan says earlier taking the leap connected a TikTok tip, speech to idiosyncratic qualified to springiness retired fiscal advice.

The earlier you bash it, the better.

"When you're successful your 20s and you person your archetypal and 2nd job, it is important that radical start, but typically that's the hardest clip to commencement due to the fact that there's not a batch of other cash," Whelan said.

Take vantage of institution lucifer incentives.

"Most of these companies enactment wealth successful erstwhile you enactment wealth in, truthful there's thing called a 'match' wrong of a 401k oregon astir status plans," Whelan said.

Whelan says making those decisions aboriginal volition assistance you retired down the road.

"It's truly astir the maturation of your wealth implicit time," helium said. "The much clip you have, the much it tin turn for you."

When watching finfluencers connected societal media, retrieve this isn't personalized advice.

These reels tin service arsenic inspiration, but marque definite to cheque credentials and look for applicable acquisition successful their background.

Most importantly, don't basal your fiscal decisions connected testimonials oregon alleged occurrence stories.

For quality updates, travel Vanessa Vasconcelos connected Facebook, X and Instagram.