Graham, Andrej, Meet Kevin, Tom Nash, all have been named in a $1 Billion lawsuit following the implosion of FTX the multi billion dollar ponzi scheme - that these financial influencers promoted. And got paid very generously to promote.

I'm going to show you what they've been hiding, why they're getting sued - and why I've stopped listening to these influencers. And I'm going to show you why listening to these financial youtubers might be the worst financial mistake of your life. I'm not kidding.

Which is an odd thing for me to say because I'm also a financial youtuber... I guess reason I take issue with these youtubers is because they make the difference is that I run my own business where I make the majority of their money... and these guys make the majority of their money from YouTube and getting paid to promote sketchy crypto companies like FTX.

It's no wonder why people are losing faith in these financial influencers. As it becomes more apparent that these guys are just huge sell outs, they seem to have no inclination to help their fans by vetting and giving honest reviews on financial products, they will promote anything for another dollar, instead of focusing on building an actual business, or caring about their own reputations.

So if you want to improve your finances by seeing someone actually talk about money in an unbiased and open way then you should subscribe to Money with Mark and like this video. I have no problem admitting that I'm not a stock picking pro. Instead I like to discuss things like how I accumulated $10k in debt, and critically evaluating financial products in an honest way that shows you the downsides.

I appreciate you joining the money with mark community - and I want to know what you think of financial YouTubers? Why do you think so many YouTubers and influencers are so willing to put their fans and their reputation on the line for money?

Chapters:
0:00 The $1 billion lawsuit
0:38 Selling stock picks
2:25 Millennial Money Podcast
3:53 Graham Stephan
5:20 Lawsuit results

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*This video is not investment, financial, or legal advice. It may be incorrect, outdated, inaccurate, or reflect personal opinions. This video is for entertainment purposes only.