What Social Media Is Teaching Our Kids About Money (Episode 43)

What Social Media Is Teaching Our Kids About Money (Episode 43)

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Summary: In this episode of Wealth on the Move, host Will Hoffman is joined by Hoffman Wealth Management’s Director of Marketing, Brynn Tarbuck, for a candid and timely conversation on what social media is teaching kids about money — and where it’s getting it wrong. From flashy lifestyles and “get rich quick” narratives to misleading investment advice and the glamorization of debt, Will and Brynn break down five key areas where social media can distort young people’s understanding of wealth. Drawing from Will’s perspective as a father and advisor, and Brynn’s experience growing up alongside social media, the episode highlights the importance of budgeting, skill-building, realistic expectations, and understanding risk. The conversation also explores the dangers of confusing investing with gambling, the myth that financial freedom means quitting your job, and why true wealth is about optionality — not appearances. Ultimately, this episode serves as a guide for parents, young professionals, and anyone looking to build a healthier, more realistic relationship with money in a digital-first world.

Resources: 

Takeaways:

  • Social media often promotes looking rich, not being wealthy.
  • Wealthy individuals are typically intentional and disciplined with their money.
  • Budgeting is about control and clarity — not restriction.
  • Financial freedom means having options, not necessarily quitting work.
  • Being “rich by 25” is a myth; your 20s are for learning, earning, and making mistakes.
  • Expensive things do not equal success — value and price are not the same.
  • The fastest way to stay broke is trying to look wealthy.
  • Your job is not the enemy — skill-building is one of the greatest wealth drivers.
  • Credit cards and points can be tools, but debt is never free money.
  • Investing is not gambling; understanding risk is essential.
  • You don’t need massive risks or overnight wins to build wealth.
  • Diversified income streams require work — “passive” rarely means effortless.
  • Investing in yourself and your skills is the most reliable long-term strategy.
  • Parents should actively audit the financial content their kids are consuming.

 

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