Let’s face it, social media is a double-edged sword. While it has made financial advice more accessible, it has also made it harder to separate the good advice from the bad. With so many self-proclaimed experts out there, it can be tough to know who to trust. It’s not like physical fitness, where you can look at someone’s body and see if their routine is working. With finance, it’s not so easy to tell if someone’s advice is actually helping them. Two people could both have a flashy car or watch and appear to be in the same financial situation, but in reality, one could be drowning in debt while the other is sitting pretty.

Back in the day, you had to pay for financial advice from a professional. Nowadays, though, you can get advice for free with just a few taps on your phone. But just because it’s free doesn’t mean it’s right for you.

So, how can you filter out the noise and find the advice that’s right for you?

First, be an objective skeptic. Don’t dismiss advice outright, but don’t blindly follow it either. We often make the mistake of hearing what we want instead of what’s being said, and this is something to become especially aware of when consuming finance content. Take the time to evaluate it and see if it makes sense for you.

Next, do your due diligence. If you come across advice that seems promising, take some time to research it further. Don’t just take it at face value.

And finally, don’t be afraid to seek out professional advice. While free information is great, sometimes it’s worth it to pay for personalized advice from an expert. Not all professionals are created equal, of course, but sometimes a dollar spent on good advice can save you thousands in the long run.

So, the next time you see some financial advice on social media, take a step back and evaluate it before taking action. With these tips in mind, you’ll be able to filter out the noise and find the advice that’s right for you.