8 Social Media Profiles You Should Be Following for Financial Advice in 2017

financial social media

Whether you’re hopeful or discouraged about your personal finances in 2017, give yourself some daily motivation to do better. For a regular dose of inspiration, follow these personal finance experts on all things money management.

1. Deacon Hayes, @WellKeptWallet

With a brand new car and two condos, it looked like Deacon Hayes and his wife had their financial house in order. That changed the day Deacon sat down to look at their finances more closely.

The Hayes were deep in debt and, with more money going out than coming in, they wouldn’t be getting out of it anytime soon. Determined to get a handle on things, the Hayes took a personal finance class, read books, and talked to money-savvy people.

Doing their homework paid off, literally — the Hayes managed to pay off $52,000 in just 18 months.

Expertise: Debt management

Best platforms to follow: Twitter and Facebook

2. Erin Lowry, @BrokeMillennial

Despite the name of her blog and book, Broke Millennial-founder Erin Lowry wants you to know that she’s not actually broke.

On the contrary, this millennial has mastered her money since she graduated from college — not because her first job paid a ton of money, but because she was able to graduate debt-free.

Attending her first-choice school would have meant $80,000 in student loans. She opted for a different college, which offered enough scholarship money for her to graduate debt-free.

Expertise: Financial independence

Best platforms to follow: Twitter and Instagram

3. Suze Orman, @SuzeOrmanShow

While working as a waitress after college, Suze Orman decided to open her own restaurant. When the customers she’d been waiting on for six years learned of Orman’s dream, they collectively offered to loan her a whopping $50,000.

Orman went straight to the bank to open a money market account that would keep her money safe and growing. “Just sign here on the dotted line and we’ll see what we can do,” said the broker. What he didn’t say was that he actually put Orman’s money into a riskier investment strategy. After three months, her account was wiped out.

It was this devastating experience that inspired Orman to became a broker herself. (She also sued and won back all the money she’d lost.) Instead of opening that restaurant, Orman became one of the world’s most trusted voices in personal finance.

Expertise: Investing, budgeting, debt management

Best platform to follow: Twitter

4. @MrMoneyMustache

This anonymous blogger retired with his wife at 30 years old. That didn’t happen because Mr. Money Mustache was born into money or because he or his wife made millions.

His secret (and advice to you)? Cut your expenses and save at least half of your income. Mr. Money Mustache says they saved 66 percent of theirs: “In under ten years, we woke up and realized we didn’t have to work for a living anymore.”

Expertise: Budgeting and saving

Best platform to follow: Twitter

5. David Ning, @MoneyNing

David Ning’s approach to personal finance education is an empowering one: “There’s really two basic goals in building a solid net worth — make more income and save more of it … It’s time to learn how to maximize your efforts and channel your desire of reaching financial freedom into results.”

When you need a motivational boost, you’d be hard-pressed to find a better-curated collection of personal finance quotes than the ones in Ning’s Twitter feed.

Expertise: Financial independence

Best platform to follow: Twitter

6. Dave Ramsey, @DaveRamsey

When he was just 26 years old, Dave Ramsey was already making $250,000 a year with a net worth of over one million dollars. Unfortunately, he was also in a lot of debt. It turned out to be too much to overcome and, within a few years, he and his wife had lost everything.

It was this loss that inspired Ramsey to figure out how money really works. “I came to realize that my money problems, worries, and shortages largely began and ended with the person in my mirror,” says Ramsey. “I also realized that if I could learn to manage the character I shaved with every morning, I would win with money.”

Expertise: Investing, real estate, budgeting, debt management

Best platforms to follow: Twitter and Instagram

7. Jason Vitug, @Phroogal

Accomplished at work but unsatisfied, Jason Vitug quit his job and sold everything he owned to backpack through 20 countries in 12 months. He was living the life he wanted and realized he wanted to help others do the same.

Vitug’s website combines search and social through an ask-and-answer platform on all things personal finance. He and his team have also hosted dozens of events across the country on Phroogal’s “Road to Financial Wellness” campaign.

Expertise: Financial independence

Best platforms to follow: Twitter, Pinterest, and Instagram

8. Liz Weston, @LizWeston

Liz Weston bought her retirement property when she was just 26 years old. The only problem is she bought it in Alaska, 80 miles from the nearest road. She had the right intention, but the wrong direction.

Today, Weston is one of the most widely read personal finance columnists online and the author of several books. Check out her Ask Liz section on her website; your question could be featured in a future column.

Expertise: Credit, debt management, budgeting

Best platform to follow: Twitter

What are you hoping these personal finance experts will help you accomplish in 2017? No matter your goal, there’s a right and a wrong way to set your intention. Learn the psychology of successful New Year’s resolutions, and how you can accomplish your goals this year.

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