The Worst Financial Advice on Tik Tok
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- čas přidán 2. 07. 2024
- this one weird trick makes millions if you buy my course
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Edited by EricThePooh | / ericthepooh
00:00 Intro
00:00 Never buy a house
01:31 Money Calculator
02:40 Committing Fraud
04:17 Buy the dip
04:54 Begging for a million dollars
05:27 Courses on selling courses
06:36 Pretending to be rich
07:21 Yachts are EXPENSIVE
08:25 Cooking is for brokies
09:15 Hedge with a hedge
09:57 Buy a collapsing house
11:39 Manifesting money
12:27 Outro
FULL VOD: • I Found The WORST Inve...
#atrioc #tiktok #investment
TikTokers just discovered fraud lol
And Ponzi schemes
They're not lying though. Fraud and Ponzi schemes are great for generating money. It just fucks over everyone else, and is illegal as hell. LOL
They just made fraud into a real thing ❗ 🤯 🤯 🤯 ❗
I love tiktoker trends where they act like they're the first generation to figure something out. "NEW LIFE HACK: MOVE IN WITH FRIENDS AND SPLIT THE RENT! I CALL IT APARTMENT SHARING!"
@@victor-ohIt's kinda wild how pyramid schemes are actually popular with Gen Z
Really, aren't we the ones committing fraud, by refusing to give that guy credit for his very comedic and satirical joke he was doing
Maybe the real fraud was the people we trolled along the way
It was maybe the funniest out of all of them
Oh ya. He was _totally_ joking American Express and IRS and other government anti fraud agencies. J/k heh heh...
Always Has been 💥🔫@@triumphTLG
That lady selling her course about how to make money selling courses has the exact same energy as the "How I Made $290,000 Selling Books" book
only the real ones know about ebooks
But there are really so many people doing exactly that, like Dan koe and other "solotrprenuers"
The child*
Every single tiktok made my eye bags a little darker, and my faith in humanity a little weaker. THANKS BIG A
Based stoneworks
You had faith in humanity?? >_>
A crossover I never expected
Scammers have existed since the dawn of mankind. They just evolved from selling snake oil to selling online courses and nft platforms.
What are you doing here 😂😂
As a lawyer 1) this video gave me an aneurism and 2) please don't do any of these things. Almost everything said here is a lawsuit or some kind of liability in which you will be sued eventually when the money is owed.
It's fine, I'll just manifest away the lawsuit🤷
@@Simon-is2xd just don't go to the court 🤷♂
What are they going to do about it? 🤷♂
@@kak42 right!? Like putting you in jail or something 😂😂
@@SerafinGriveljail? Good one. Just tell them you don’t consent! Legally, they can’t put you in jail without your consent
i don't think you need to be a lawyer to come to that conclusion
That first advice guy talking about leveraging your mortgage debt to buy more houses - That exact strategy is how the 2007 Global Financial Crisis happened. It literally bankrupted billion dollar companies that were centuries old. Great advice man.
CDO Lite
Also how he landed an SEC investigation against and had to pay $75k to settle it. Maybe not that exact advice, but some similar real estate advice.
I love TikTok as an older person because you can slowly watch the younger generation discover things like fraud and money laundering as they grow up :)
Bro I don't even get it as a Gen Z, who goes to tik tok for money advice, idk who would go to most people for financial advice, I don't even trust the advisors
Wait until they discover pyramid schemes
It even works for me looking at trends my younger brother, even tho he's only a few years younger than me
Another time I saw a group slowly re-inventing money. They needed a way to make sure people in their utopia were receiving proportional to their collaboration and was a token emitted by a central government. Absolutely fascinating.
@@DsiakMondala Most groups like this don't really have a problem with money, I think. They just have a problem with that they don't have the money nor are in control of it.
Genuine Financial Investigator here, and Compliance worker in a large bank (then again I'm some random internet stranger so believe what you will). So many of these people give me the biggest red flags and send me to the brink of insanity listening to them and how they handle their accounts, I pray for the poor soul who has to mostly likely do the KYC (Know your Customer) work, and TM (Transaction Monitoring) cases for these people.
It would turn into KYS work
Lol what was the point of saying TM if you're gonna write the expansion along with it 🤣 bro really trying to sound professional lol
Most of these people don't do it themselves but are trying to sell the most awful "investment" advice to naive dumbasses... they are the ones you have to worry about
@@boiimcfacto2364So people who don't know the common parlance can learn it. Or you know, everyone can just keep pretending they know everything already.
@@boiimcfacto2364 You go with jargon first then you realize some ppl won't get it so you put that in parentheses. That happens all the time even in actual technical documents and stuff.
tiktok is so awesome bc these people fully get to larp being powerful individuals and people will just take it at face value
@@WARnTEAyour basis is?
@@dog_cornfucking andrew tate, the masterclass of these "hustler grindset" type videos. his fake courses are literally called "hustlers university" lmao look up the other atrioc vid on it if you haven't already. i just think there's no way you can actively look at these get rich quick tik toks/youtube shorts and not automatically rule out these as credible, trustworthy sources for this information.
@@dog_corn the fact that someone always protects them in their comments
@@WARnTEAand how do you exactly know if the reality is just the fake continue lol
@@WARnTEA”most” is definitely exaggerating
Honestly gen z should see this as a win. If you can tell these guys are stupid, you've beat a good chunk of competition already.
being smarter than these iddiots or anyone that follows them doesn't really make me feel good about myself. It's like saying u're smarter than a rock
Damn hit it right on the head.
100%
The buying an ugly outdated house in a neighborhood where everything is 100-500k more expensive is actually what my brother does and it works really well. What everyone forgets to mention is how much know how you need to finish projects. Like it’s insane how much knowledge you need to have to get everything done to codes and stuff. Apart from that you already need god Tier credit and history to get these big loans they always casually mention. Besides all that, that type of house flipping is a pretty safe risk BUT it’s a full time gig where it becomes your lifestyle to always be in circles.
Flipping should be delegalized. This is predatory practice.
Yeah, it’s not unviable at all, it’s just very risky and requires a lot of skill and some luck
@@zawarudo1041 you realize the alternative would be building an apartment complex with outrageous prices. Will lead to denser areas and will still drive up prices of housing
???@@V8dadmartin
@zawarudo1041 So you hate the practice where individuals with contractor skills ypu dont have fix up shit hole houses no one wants and no one took care of, then sell it to make up for the insane cost of the building materials and their labor/time?
Why should this be illegal? Because if this didn't happen there would be a growing number of shit hole houses no one would be willing to fix or live in.
the guy who advocated committing fraud to buy a watch was somehow the only person with a realistic way of getting access to money lmao
And the only one that if you actually an income generating business wouldn't be illegal as you could just pay the loan...
@butwhytharum if the business has more members and isn't just 1 person, they can report you for fraud, but if you use the watch for tik tok and social media marketing you can justify it and write it off.
Which the guy could do now and pivot his fake business to social media marketing
As a Gen Zer, I can safely say we are screwed if TikTok is where we are getting our information
CRINKY CRONGEMAS
Ur so corny ☠️
Nah it's good for some things. I learned how to flush my water heater the other day.
Well as somebody 32. Yep u are. We are screwed already. The boomers don't give a shit they will all be dead meaning ur parents (30s like me) and grandparents mostly just banked on ah they will figure it out in the future while having nobody start the process of figuring shit out loo
@@josephlynch7655ould also use the tube instead of Chinese spyware. But whatever works I suppose
Every single one of these TikToks is just telling people to invest in a pyramid scheme or commit fraud lmaooo
I refuse to believe there's a single person who falls for this TikTok financial advice, it has to be somekind of a huge joke I'm not in on.
its clout chasing (lying to get those views/clicks), and rugpulling. people fall for it, so they'll keep doing it.
The thing to understand is that very few people have to fall for it to make the scam worthwhile. You rent the fancy car, you take a picture of yourself on the fancy yacht, then you claim "oh yeah dude I'm a billionaire, let me tell you how, pay me 50 bucks a week" if even three people fall for it, you've made a profit.
Most of the video was terrible advice, but there is merit to the information products (courses, workshops). They make the sellers TONS of money. Many of them are scams, and don’t give the value they claim. However, I have found a couple that make people real money when they put in the work. I have found some success and I want to keep going to try to take that even further.
There are tons of shady people, though, that make their money off of people’s delusions and hope. And there are of course some (harder to find) that make their money the same way, but also do care about helping people.
Late reply but people have been doing it. For example in Australia these dumbasses got an ABN (business number) and filed a GST (goods and services tax) refund for $20k which is the ceiling height for claims without providing evidence. Problem is the ATO (tax man) saw a sudden uptake on this refund, red flagged it and turned around to everyone who did it and hit them with a $20k debt plus interest and the kicker is their personal tax also gets hit with it because tiktokers will find out you don’t fuck with the tax man because they can be reaaaaaaaalll petty about getting their money back.
You'd be shocked at how many people try this stuff and do buy $1000 courses that say revolutionary stuff like "believe in yourself".
Sometimes I wish I was morally bankrupt so that I could make lots of money
Me too... it's so god damn easy and profitable but imagine having to live with yourself after
Imagine the number of old people you can scam but you're going straight to hell.
@@idontcare9041You sound like these TikTok’s 💀
You can do it morally, just takes time :)
@2point0productionz exactly, the biggest lie is that the only way to be rich is screwing over other people when In reality you can get rich by helping other people and that should be the goal
TikTok has created a whole generation of adults who will just admit to crimes on video.
Rap snitches, talling all their business
@@marshall1093 "sit in the court and be they own star witness..."😂
The guys right about cooking, I went to publix and couldn't find a parking spot, it took me 6 hours and then I had to decide between chicken or steak and that took me another 3 weeks to decide
The statistics of meeting 1,000,000 random people and not being beaten to death seems like a pretty rough risk/reward ration
I mean what else are the girls on onlyfans doing, they just do it online instead of walking.
These rich guys all have really cheap headphones on their $100 million podcasts.
The kid definitely committed fraud, panicked and deleted the TikTok😂
It was totally just a prank bro 😂😂
I was walking on the street today and a 5 dollar bill manifested in front of me. Got a long way to go!
Just don't forget to ask every person you come along for a dollar. You will be millionaire in like no time. Keep up the grind king 👑
Underappreciated comment
That's because you didn't buy her course 🤣
Only 200K more manifests of $5 and you’re a millionaire!!!
its nice to have your content niche back, glad you're doing well and its awesome to see the things you've been doing!
I don't think anything can top "become a millionaire by asking everyone for a dollar" 😂😂😂
Realistically how many people could you talk to a day and how many would actually give you a dollar? I'm genuinely curious now just to know 🤣
The absolute, unwavering sigma hobo grindset
@@HieronymousLex 😂😂😂😂😂😂😂😂😂😂
@@brianp6859 not many but you can actually make a decent wage busking. We have gpysies in Europe that do it at stop signs so it must be quite profitable.
"Life hack: commit fraud." - TikTok investor man
Glad to have you back after all this time big A missed ya
The first one was very common a few years back with interest rates low and prices rising. Now though, now the rents won't keep up with the repayments.
TikTok has some great videos on people giving the worst financial advice but I think it’s really just showing how awful the US is about teaching people about money. I hope young kids don’t actually believe any of these videos
sad to say many do but scams have always been a problem. Dot Comm bubble, Enron, Madoff. Nothing new under the sun.
To be fair, CZcams is great for learning about finances, the concept (e.g. what are dividends, growth vs value stocks, what are bonds, what are ETFs). In that regard, it is actually quite good.
Not for stock picks though. Because as a certain movie puts it, "no one knows if a stock goes up or down"
This guys laughter is the most joyous thing I've seen today 😃
I can honesty say if I didn't work at a financial institution I would not know how idiotic or illegal some of the things claimed on Tik Tok are. Financial education in the US is absolute dogshit.
It's all very obvious. Then again, i was raised by 2 parents in a single home and weekly contact with both sets of grandparents too.
You need to work at a financial institution to see through this?
I think you just wanted to share you work at a financial institution but not one prestigious enough to mention by name. Btw being the person working the register at 7-11 is not “work at a financial institution”
You got financial education?
Well, they are more focused to learning some extremely toxic social ideologies like crt
Loving the content man, great to have you back!
Man, lawyers must be having a field day when they have to prosecute these morons all they have all the evidence rhey'd need on their tiktok accounts.
The two, clearly single boys talking about how $100M isn't a lot of money was absolutely hilarious. "Oh ya bro i can spend $20M before you can even say it!" Lmfao.
Then GATCHA anime waifus be expensive you know
ATRIOC IS BACK. IM SO HAPPY I COULD CRY. Thank you for handling the situation properly. Now we get gamer god hours again
I really have to applaud the creativity and making this video
You’ll help teach people mistakes not to make, and also deceit not to fall for -good job
Caleb hammer is super easy to watch and digest life changing spending behaviors!
"You ain't got no hedge fund, your hairs a hedge"
Truer words have never been said.
It's good to have the Big A Coffee Cow Glarketing Wizard back
i grew up in an enron town (Paulina iowa) and i love the financial advice satire with the enron hat on.
youre hilarious sir
I'm glad your back man
One of the big things that I see on TikTok but especially CZcams is that it’s targeted towards personal small number finances like guys who are fresh out of college or fresh out of high school. Stuff like that were as financial advisors seems like something you’d look into at 30 to see how to make sure what you’ve already done is good for retirement
So glad you're back!! Your vids always make me laugh so hard. We missed ya!
I am SO glad Atrioc is back, I live for Marketing Mondays and videos like this, just so good
Nice Enron hat man! Classic if they only new the story my friend
1:05 this mans really trying to recreate the 2008 housing bubble with tiktok
Using money as downpayments on other houses works until one or two renters stop paying rent and you go bankrupt
Yep. And when interest rates shoot up like they have here in the UK so your mortgage repayments also shoot up and your repayments become higher than you can charge for rent.
They also conveniently leave out the negative information like having to pay tax on ALL of your rental income so you can not right of the interest.
So many silly armature landlords losing everything in the UK at the moment including the fat guy in red that was in this video! He made a video moaning about the bank of England raising interest rates because hes now in negative equaty on all his properties.
@@kieranb7047 30 year fixed mortgage rates are one nice thing about the US but i believe the property tax does go up while owning in the US or if you refinance you lose whatever interest rate that was locked in for better or worse
Tnx for uploading again big A, i don't know how much bloons stream rewatch i can take.
See this is why I love that you're back. You wouldn't think so, but finance content can be the funniest shit of all time.. people are crazy.
I would pay for a course where atrioc makes fun of investment advice tiktoks constantly
We need this as a series.
One of the funniest videos that I have seen in a while. Love the hat! LOL
not the guy explaining fraud like it's an infinite money glitch!!
They must have patched the glitch the feds are at my door
Dude really called people who cook "nerds"
This video was absolutely hilarious. Thank you! 😂
Highly entertaining content, thanks for creating it!
It's been said but having you back has been so good
A tiktok money manifesting course is the most hilarious thing I've ever heard💀
Hilarious how they get rich while you end up a 9to5 job
Im so glad Atriocs back on youtube, I missed his youtube content so much.
Buy a collapsing house strategy actually works but it is a bit more advanced and not recommended for first time investors(requires more calculations and people involved)
I was dead when the kid was explaining fraud like her discovered an infinite money glitch. Like yeah just open credit accounts, buy sh!t sell it for a loss for some cash, and get a sweet watch
Atok!!! Don’t make fun of these gurus, they helped me take on hundreds of thousands of unpayable debt for my future generations!!!!
LETS GOOOOOOOOOO I am still very happy that this channel is back online. GOD i missed this
I’m envious of your Enron hat!
1:37 bros credit score is probably 520
Tbh, my crazy rich friend's dad actually does the "buying a collapsing house" thing as an investment, so honestly what the tiktok guy said is not completely wrong. However, i believe that using a loan will gain you only a small/no profit for such hassle lmao
And it was only working because interest rates were extremely low and house prices were going to the moon.
The 7% interest rate is going to hurt alot if real estate starts dipping ever so slightly.
But the guy doesn't explain all the negatives! He makes it sound easy!
He doesn't explain that you can not get mortgages on a lot of run down houses in the UK! You have no chance of getting a mortgage if the kitchen and bathrooms are to damaged, so you need cash to buy.
He doesn't explain the massive interest repayment on a bridging loan you would need to buy non mortgageable property.
He doesn't explain the 3% stamp duty you have to pay on all properties if you already own one property.
He doesn't explain that you have to be able to do majority of the work yourself in order to make a profit because tradesman are expensive.
He doesn't explain how short we are of tradesman at the moment so it can be weeks before you get work completed while you still have to pay all the running costs.
He makes his money selling courses where he actually teaches people to commit mortgage fraud by telling people to get angel investors to give them money to use as the down payments for mortgages as well.
You can make money in property but you have to already have a lot of money to start with.
The returns are not worth the work and risk until you have literally dozens of properties and then you have to stop buying and start paying of the ones you do have!!
The first guy was talking about buying rental properties. It’s a very smart way to do real estate, but it is a bit risky (if you don’t put in the work and don’t get people to rent the places out to)
That... hurt.
Big A you are the only guy on CZcams who when I watch, I actually laugh out loud. Not just smile or smirk, but laugh loud. And I think it’s cause of your personality. Most YT reactions , they will make wise comments or try to make jokes about the videos. But you just watch and laugh and that’s what makes you the best in the game. 😊
Yo, after watching this video and “thinking” about money, i am now rich enough to by a house. With that house i will buy 5 more houses. With those houses i will by 30 houses. With a few more house trades ill have enough money to buy the state of Wyoming. 💸💸💸
Please do a part 2 PLEASE!
The first guy is telling us to start another recession lol that's word for word what happened in '08
Almost as great of a renaissance as Maya had. Keep it up Big A and editor!
Liked and subscribed just because I found your laugh really addictive 😂😂😂
Thanks for coming back big a
Holy shit beard guy is trying to redo the 2008 housing market crash
It’s always the day traders to 😂
These frequent uploads made me realize how much I missed Big A's content
I'm generally not really interested in marketing and economics, but he presents it very well and comprehensively
His laughter throughout this whole thing is the best!
the amount of them that had a course is insane
Anyone taking financial advice from tiktok is doomed lol. I put in 20k into various assets last year and flipped into six figures within a few months and still going. I’ve always been an advocate of investing because it has been rather rewarding. I hope to attain financial freedom soon. One more thing, I always look forward to your content keep up the good work.
You can’t overlook the fact that it’s paramount not to get greedy but to remain invested through careful study, if not you can lose it all.
I have some money saved from day job. I have no idea where or how to invest. How are you doing it, Leon?
It’s not rocket science. As I said previously, I got into stocks, and REITs, myself but wasn't getting the results I wanted the first couple of months. Got tired of losing and decided to seek mentorship from Jonas Herman, a certified fiduciary who helps oversee my investments.
@@Christensen554
While it may sound enticing, it is important to understand that stocks, like a fine wine or a Monet, has no standardized value. You look all good on the outside, while you wait till almost death to enjoy your wealth which presents an enormous economic(uncertainty) risk.
It’s bonkers to compare stocks to moet mate. Over the years, I've been part of numerous investment programs, sifting through a barrage of information. Yet, none comes close to the sheer clarity, depth, and precision of Herman’s instructions and insights. It's akin to finding a diamond in the dirt.
Great to have you back! Great vid
So glad I get my afternoon Atrioc back after so long!
After watching this video I feel like a finance expert
Anybody need corn?
Yes
I could use some corn
Why not
I would like to have 1 corn
@@penguin095 🌽
6:40 "80$M jet"
An F-35 Lightning II--which is a fifth generation stealth, multirole VTOL fighter--costs 72$M lol
idont know what is more funnier : thius tic toc guru or you roasting them.
Most of this advice can be summarized as "Go into a huge amount of debt so you can splurge in the short term, and then don't pay off that debt later." Sorry, it doesn't work that way.
I used stocks (S&P500 ETFs) to stop myself from spending money I knew I shouldn't spend, I sold them 3 months later with a $30 profit, but $0 once realized with the commission fees. I also got a single stock in a precious metal streaming company for $60 only because I like receiving their shareholder letters in the mail :) It's like pokemon cards for adults!
You're paying commissions and getting paper shareholder statements in the mail? Are you a time traveler from the 90s? If so buy Amazon, Bitcoin peaks at 68k and maybe don't sell your stocks until they qualify for long term capital gains tax, or better yet buy them in a tax-advamtaged retirement account like a Roth IRA so you don't do something stupid like sell them 3 months after buying them.
I bought some World ETF. Didn't really make much, it just balances out inflation a little bit but it's longterm anyway, so. If you wanna sell it within months then better invest into stocks directly
I can't tell if these are bot comments or not anymore
That Money Calculator guy had me rolling.
Aye big A great content! Keep it up! Love to see you back
Ok, so what I've learned is:
a) already have money
b) sell courses on how to make money
c) fraud
d) Magic
Thats the tik tok financial education for you. If you want the real thing read rich dad poor dad
D!
Anyone who tells you they're certain about how the world works is either a mathematician, or they're selling something.
If a mathematician tells you they're certain about how the world works they're either not very good at their job or very high on something.
I love your hat 😂 stellar company!
Video of the year!
0:48 I think you missed what he is saying. Any investment is a risk for sure. But he’s saying to use whatever equity you have in the house to put a loan on a house that’s going to not only provide income but also help you towards your retirement.
Not only that but there’s also the tax deductions you get from each locations depreciation you would be keeping a lot of your income. That’s if you get the house in a location near a college or somewhere you know if would be rented a lot.
Deff some bad advice out there but 8 out of 10 millionaires are made through real estate.
I’m glad your back! I missed you Big A!
As a relationship banker interacting with people from all walks of life everyday. These financial advice are mind blowing!
Good to have ya back
I’m so glad I have a steady flow of Big A content again 😭✨ bros voice just vibes in my ears
Love the Enron cap