The Contemporary Social Media And Financial Affairs

Image Credits: pixabay.com

Here is how social media platforms can blend well with your personal monetary affairs.

YOU CAN CREATE A BUSINESS REPUTATION.

Content meets entrepreneurship as modern technology allows you to craft an online business persona. Use social media platforms to reach as many consumers as you can. You are free to advertise your products or service, but be wary of oversharing. Oversharing information may cost you plenty of money.

As Robert Siciliano, the online security expert for McAfee, once said: “Online reputation management and mitigation companies are a booming business because people just can’t stop posting things they shouldn’t, which often have long-term negative effects on their personal and professional lives.”

EDUCATORS CAN SHARE ENLIGHTENING VIDEOS ABOUT MONEY.

To increase mutual engagement between the financial literacy material and the students, educators can present a video inside and outside the classroom. Video sharing websites such as YouTube allows lecturers to upload their lessons, which can easily be shared by the students. This enables the students to process the money issues at their own pace.

Turn up the kinesthetic facet up a notch by asking your students to create a video to supplement their assigments related to budgeting or managing debts. This activity will connect them more to the lessons that you are teaching.

YOU CAN USE YOUR PROFILE AS A LEVERAGE.

One of the “online rules” that you must live by is to assume that your posts are all public. This assumption will make you accountable for your actions. After all, your employer may be stalking your every virtual move.

If you despise your job or your boss, it may be tempting to rant endlessly on Facebook. Posting does not cost a cent! However, doing so could sabotage your career. Do you remember the former NTUC Assistant Director who got fired due to her racist comments on Facebook? Well, NTUC’s Membership Partnership & Alliance took immediate actions as they have zero tolerance for racism. On that note, never post anything negative or unpleasant about your previous or current employer. Always use common sense!

FINANCIAL EXPERTS CAN EASILY COMMUNICATE WITH YOU.

Image Credits: pixabay.com

Image Credits: pixabay.com

Experts provide significant financial education that will benefit you throughout your lives. This is where the power of social media comes in. Social media platforms present a tremendous opportunity to reach diverse generations, especially the Millennials. Millennials use technology to learn about their personal money matters. So, use specific hashtag such as #financialaid or #guidetobudgeting to expand the discussion to more users.

Sources: 1,  2, & 3

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