The Clark Howard Podcast 01.28.26 Bypass Finfluencers / Can You Spot A Scam?
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Jan 28, 2026 They dig into the rise of social media "finfluencers" and why many young adults trust their investing tips. The conversation contrasts true long-term investing with gambling and points listeners to where to learn basics. A shocking tech support scam that stole $85,000 is unpacked, with signs to spot pretexting and steps to verify account activity. Practical rules to protect your financial keys are highlighted.
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Social Media Isn't A Financial Plan
- Nearly two-thirds of young adults trust investing tips on social media, which often are sales pitches masquerading as advice.
- Clark Howard warns that short-form finfluencer content rarely provides the depth needed for long-term investing.
Build Wealth Slowly With Low-Cost Funds
- Do focus on long-term saving and diversified, low-cost index funds rather than quick trades or gambling.
- Use tools like Roth IRAs and Fidelity Zero funds to minimize fees and harness compound growth.
Young Investors Want Instant Wealth
- Clark described a 22-year-old who wanted to "be rich now" instead of embracing long-term investing.
- He contrasted that with his 20-year-old son who treats investing as holding stocks for weeks.