Lose Money With Friends Reddit

Leo Migdal

-Dec 14, 2025, 1:32 PM

Want to learn about money management and develop skills to help you retire early with a “fat stash”? Have you tried Reddit? The internet’s most active community likes to share financial tips and real-life experiences as much as it likes discussing markets and economic trends. The following money and finance subreddits are a gold mine of financial advice. These are our favorites, but scroll down to find more money and finance subreddits by category. Personal Finance will officially be older than some of its members in just a couple of years.

This well of advice has been around since 2009 and counts an incredible 17.5 million people of all ages, educations, and social backgrounds. It is currently the 22nd-largest community on Reddit. Some of the hottest topics and flairs on PF include: Personal Finance also offers a wiki with financial advice for teenagers, young adults, older young adults (aged 25-35), and mid-career adults, as well as a catalog of helpful books and videos. If you’re looking for thorough and specific advice on personal finance, you’ll probably find it here. Joy Wallet is advertiser-supported: we may earn compensation from the products and offers mentioned in this article.

However, any expressed opinions are our own and aren't influenced by compensation. To read our full disclosure, click here. Joy Wallet is an independent publisher and comparison service, not an investment advisor, financial advisor, loan broker, insurance producer, or insurance broker. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. They are not intended to provide investment advice. Joy Wallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances.

We encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Featured estimates are based on past market performance, and past performance is not a guarantee of future performance. Our site doesn’t feature every company or financial product available on the market. We are compensated by our partners, which may influence which products we review and write about (and where those products appear on our site), but it in no way affects our recommendations or advice. Our editorials are grounded on independent research. Our partners cannot pay us to guarantee favorable reviews of their products or services.

We value your privacy. We work with trusted partners to provide relevant advertising based on information about your use of Joy Wallet’s and third-party websites and applications. This includes, but is not limited to, sharing information about your web browsing activities with Meta (Facebook) and Google. All of the web browsing information that is shared is anonymized. To learn more, click on our Privacy Policy link. Images appearing across JoyWallet are courtesy of shutterstock.com.

When you're a financial advisor with a track record of success, it's natural for friends and family to see you as someone who can manage their money. After all, you have the expertise and knowledge they need, and they trust you implicitly—an essential quality people look for in a financial advisor. However, there's a reason for tired cliches like not combining money and friendship unless you're prepared to lose both. Before you agree to take on loved ones as clients, it's crucial to consider the pitfalls of mixing personal relationships and professional responsibilities. You also need to ensure you're doing it for the right reasons, not just to be a free money manager. "If you set expectations upfront, you will be more confident in your decision over whether to work with them or not," said Valerie R.

Leonard, CEO of EverThrive Financial Group in Birmingham, Alabama, and one of Investopedia's 100 Top Financial Advisors." She said it's easier to decide not to work with someone you don't know, or to say... However, "with friends and family, this conversation can be more complicated and can carry extra baggage." In this article, we'll explore the critical factors when deciding whether to work with friends and family as a financial advisor. We'll discuss how to set appropriate boundaries and maintain your professional integrity should you choose to advise your loved ones-turned-clients. Managing money for friends and family can strain relationships, especially if investments don't perform as expected or conflicts arise over financial decisions. It's essential to establish clear boundaries, communicate clearly about risks and expectations, and treat these clients with the same professionalism you would any other.

Let's go through some of the specific issues that can arise. Your friend who thinks the 35% returns this year will happen next year and the next after that is in for a nasty surprise should the market shift. Should you invest for friends, you may have to deal with unrealistic expectations that can harm the relationship. If you're not already using Reddit to get insights into the world of personal finance, you're missing out. Reddit Personal Finance is one of the most popular destinations for sharing, discussing, and asking questions about personal finance issues. This blog post will give you a brief introduction to the Reddit platform and teach you how to use it like a pro to find trending personal finance tips.

If you're not familiar with Reddit, it may seem daunting. There's a lot of text, links, and even specialized jargon that can seem alienating. But don't worry; here are the basics to help you get started: Reddit is full of jargon and terminology that you may not be familiar with. It can be a daunting task to examine and wrap your head around fully. Here are a few different phrases that can help you on your way.

Reddit comes with learning and patience as you can get the hang of the forum style. Here are some other things about Reddit to help you along your new journey. December 20, 2020 By Kevin | Just Start Investing If you are heading to Reddit for personal finance information, below are the top 14 subreddits you should explore first. I didn’t start actively participating on Reddit until about a year ago after starting this website, Just Start Investing. I was surprised by how helpful some of the information could be, especially if you look in the right spots.

First, here is a quick primer on Reddit terminology for anyone who is not familiar with this social platform: Alright, let’s dive in – below are the best Reddit personal finance communities to check out. If you want to expand your knowledge on how to start planning your finances, Reddit personal finance communities are a great place to begin and get your questions answered. In this post, we list out the best subreddits. Personal finance is a concept to manage money that includes investments and savings. On a broad level, it caters to all the financial services related to an individual or a household.

It can be insurance, budgets, bank accounts, mortgages, taxes, future planning, and real estate. Reddit personal finance forum consists of several communities called subreddits which handle various categories of personal finance. You can create or participate in the discussion threads and also comment on them. Reddit community is a type of social media platform. The community consists of various forums or subreddits. Each of the subreddit has a name and purpose behind it.

The curators of the content in them are individuals who are experts or are seeking guidance on a topic. The content is up-voted or down-voted by the community members, depending on their relevance and their utility. So you can expect a democratic mechanism with potentially good information shared filtering out unnecessary redundant content. Also read: 25 Essential questions to ask a financial advisor | Know your advisor We may earn money from links on this page, but commission does not influence what we write or the products we recommend. AOL upholds a rigorous editorial process to ensure what we publish is fair, accurate and trustworthy.

Social media money “experts” rack up millions of views promising to fix your budget, boost your savings and teach you how rich people think. But most viral money advice ignores your actual situation — and following it can strain your finances. Here are the most popular trends worth approaching with caution. And what actually works instead. TikTok and Reddit make speculating in meme stocks and crypto tokens look easy: jump in now, ride the spike, cash out rich. The reality?

These assets swing wildly — sometimes by 50% or more in minutes. The loudest promoters are often anonymous accounts paid to pump prices higher. By the time you see the trend and buy in, early investors are already selling. You’re left holding losses when the hype dies.

Lose Money With Friends Reddit

People Also Search

Want To Learn About Money Management And Develop Skills To

This Well Of Advice Has Been Around Since 2009 And

However, Any Expressed Opinions Are Our Own And Aren't Influenced

We Encourage You To Seek Personalized Advice From Qualified Professionals

We Value Your Privacy. We Work With Trusted Partners To