Money Advice: Ranking Best & Worst From Social Media (with HerFirst100K)

The Liz Moody Podcast

Liz Moody

Self-improvement, Education, Mental Health, Health & Fitness

4.9 • 3.2K Ratings

🗓️ 23 February 2026

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

The internet has a lot of opinions about how you should be handling your money—cancel every subscription, never buy coffee, buy boring businesses to get rich. We like to focus on real advice that's actionable and realistic, not just viral. So today, I'm joined by Tori Dunlap (@HerFirst100K) who’s helped over five million women make more, spend less, and feel financially confident. Together we are ranking some of the most common money advice tips that you hear on social media. Some of them are going to be really helpful, some of them are not—we clarify it all. 🎧 What you’ll learn: • Why the most common money advice is actually keeping you broke (and what to focus on instead) • The real reason you're not rich—it's not your coffee habit • How to tell if you're wasting time on $5 decisions when you should be making $15,000 ones • The one financial move that protects you even in the best relationships • Why "treating yourself" every day is sabotaging your budget (and your happiness) • The sticky number method for saving money without feeling deprived • Which index funds actually deserve your money—and which ones don't • How to stop being manipulated into buying crap you'll forget you own • The automation trick that makes saving effortless (even if you can only save $20/month) • Why your financial education is your best form of protest right now For more from Tori Dunlap: • Website: https://herfirst100k.com/quiz • Book: https://herfirst100k.com/financial-feminist-book • The Financial Feminist Podcast: https://herfirst100k.com/financial-feminist-podcast Ready to uplevel every part of your life? Order Liz’s book 100 Ways to Change Your Life: The Science of Leveling Up Health, Happiness, Relationships & Success now! Connect with Liz on Instagram @lizmoody or online at www.lizmoody.com. Subscribe to the substack by visiting https://lizmoody.substack.com/welcome.Buy our cute sweatshirts, conversation cards, and more at https://shop.lizmoody.com/. Use our discount codes from our highly vetted and tested brand partners by visiting https://www.lizmoody.com/codes. To join The Liz Moody Podcast Club Facebook group, go to www.facebook.com/groups/thelizmoodypodcast. This episode is brought to you completely free thanks to the following podcast sponsors: • Wildgrain: head to Wildgrain.com/LizMoody and use code LIZMOODY for $30 off and free croissants for life. • AG1: visit DrinkAG1.com/LizMoody and get 3 FREE AG1 Travel Packs, 3 FREE AGZ Travel Packs, FREE Vitamin D3+K2 and an AG1 Welcome Kit with your first AG1 subscription order. • Our Place: head to FromOurPlace.com/LizMoody and use code LIZMOODY for 10% off sitewide. The Liz Moody Podcast cover art by Zack. The Liz Moody Podcast music by Alex Ruimy. Formerly the Healthier Together Podcast. This podcast and website represents the opinions of Liz Moody and her guests to the show. The content here should not be taken as medical advice. The content here is for information purposes only, and because each person is so unique, please consult your healthcare professional for any medical questions. The Liz Moody Podcast Episode 407. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The internet has a lot of opinions about how you should be handling your money.
0:03.9	Cancel every subscription, never buy coffee, buy boring businesses to get rich, open four bank accounts.
0:10.3	Here on the Liz Moody podcast, we like to focus on advice that's actually actionable and realistic and not just viral.
0:15.9	So today we wanted to try something a little bit new for us.
0:19.4	We are ranking some of the most common
0:21.4	money advice bits that you hear on social media. Some of them are going to be really helpful.
0:27.0	Some of them are not going to be helpful. Over the next few weeks, we're going to be going through
0:31.3	all different kinds of internet advice and seeing what works, what you should pay attention to,
0:35.4	and what you should ignore with people who are experts in the field. And if there's any money advice that we didn't include in this episode that
0:42.2	you would love to hear our ranking on, or if you think that we rank something completely wrong,
0:46.1	I would love to hear about that in the comments. But today I'm joined by Tori Dunlap from her
0:51.0	first 100K. She has an incredible book. She has an incredible podcast. She has an
0:55.0	incredible internet universe that she's built, helping empower women to take charge of their finances. So, Tori, welcome to the show. Thanks for having me back. I'm really excited to be here. I'm so excited to have you here. I love, I feel like you're like a hot take queen. And so I feel I do love a hot take.
1:10.6	And I have one to kick you off with that this is a little bit tailored for you.
1:14.3	I know what you're like a hot take queen and so I feel like I do love a hot take and I have one to kick you
1:11.8	off with that this is a little bit tailored for you and I know you're going to ask me go ahead
1:15.8	excited to hear you go off on it so first thing do not eat out if you have debt this comes from
1:22.5	Dave Ramsey he says if you are working off debt the only time you should see the inside
1:27.0	of a restaurant is if you are working off debt, the only time you should see the inside of a restaurant is if you are working there.
1:29.5	Restaurant food is entertainment. It is not necessity. Most folks simply don't realize how much money they throw away by heading to the drive-thru for lunch or going out to dinner once in a while.
1:42.5	You know your audience while. You kick me off with Dave. I'm like, here we go. Okay. First of all, it's immediate shame, which is like not how I do things, not how you do things. It's just not helpful. It's like a blanket rule. And I have very few of those when it comes to personal finance. The truth is, he's not wrong. Like, if you are eating out at a restaurant and you are
2:02.5	swamped with debt and that's the only thing you can think about, then yeah, the restaurant's not
	...

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