Money’s Most Influential: Where Do Americans Get Their Financial Advice?
Figuring out finances is not just about crunching numbers; it also involves understanding the complexities of how money works and developing a sense of responsibility towards one’s finances. It can be a daunting task and a lot of people are clueless about where to start. But the good news is that Americans have access to tons of financial advice from experts who have dedicated their lives to make individuals the best savers, investors, budgeters, and income-earners.
GOBankingRates undertook an extensive survey that included over 1000 participants, to identify where Americans get their financial advice and which experts they rely on. The results showed that 52% of the respondents have followed advice from financial experts, with 26% saying they have sought such advice in the last year. Half of the participants said they seek relatability over other factors while looking for a financial expert. Thirty-six percent said they would like to learn how to save more while 23% are seeking advice on how to invest.
To help people navigate the complicated world of finance, we have compiled a list of the top 100 trusted financial experts in America across different categories, including books, podcasts/radio shows, social media, blogs/websites, TV shows, news columns, and popular figures in personal finance. Some of these experts are well-known celebrities, while others are industry wonks with a cult following, but all have one common goal- to help people understand finance and personal wealth better.
Here are some of the most noteworthy people featured on GOBankingRates’ 2023 list of the Top 100 Money Experts.
Chelsea Fagan- The Financial Diet
Chelsea Fagan is a lifestyle and financial advice writer and co-founder of The Financial Diet. The website started as a way for her to hold herself financially accountable after running up $4,000 in credit card debt and losing her job due to an arrest for unpaid traffic violations. What started as a personal project turned into a website that now provides financial advice to 1 million subscribers who follow The Financial Diet’s YouTube channel.
Dave Ramsey- The Total Money Makeover and The Ramsey Show
Dave Ramsey is a personal money-management expert and national radio personality. He has authored seven bestselling books on personal finance, combining good financial practices with religious faith. Ramsey’s The Total Money Makeover has helped millions of people escape debt and build wealth. Ramsey’s approach to investment is not only pragmatic but also relatable and realistic.
Grant Cardone- The 10x Rule
Grant Cardone is the founder of the Grant Cardone TV network and author of several bestselling books, including “If You’re Not First, You’re Last” and “Sell or Be Sold.” In “The 10x Rule,” Cardone emphasizes the importance of setting and achieving goals that are ten times bigger than what we think they should be. He believes that success comes from massive action, tenacity, and the willingness to do whatever it takes to achieve that success.
Graham Stephan- Graham Stephan YouTube channel
Graham Stephan is a real estate agent and investor who started working in real estate shortly after turning 18. He is known for sharing his experiences in the industry on his popular YouTube channel. In his videos, he provides advice to people who are thinking about investing in real estate. Stephan manages six rental properties that he owns, in addition to his sales business.
Related Facts:
– According to a study by the National Financial Educators Council, 64% of Americans say they need urgent financial advice.
– A survey by Bankrate found that almost 50% of Americans don’t have enough money saved to cover three months of expenses.
– The American Psychological Association found that money is the leading cause of stress among Americans.
Key Takeaway:
When it comes to finance, there is always something new to learn. There are numerous experts, books, podcasts, and websites available to give you the right financial advice. The decision is yours to choose the right person for you. Seek advice from experts who offer pragmatic and relatable advice and who promote responsible strategies to wealth management. Always remember that good financial advice is not just about increasing wealth but also about managing any financial risks effectively.
In conclusion, your finances are yours to manage, and you should not hesitate to seek help from experts. These professionals can help you understand the complexities of finance, investment, and wealth management. By following their advice, you can take control of your finances and build a more secure financial future for you and your family.
Reference: GOBankingRates. (2023). The Top 100 Money Experts of 2023.
