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I respect entrepreneurial spirit but my respect evaporates when people use their talents to knowingly peddle snake oil.

Why Are Hot Young Instagram Babes Using MLM to Sell Shady Personal Finance Products?

I’m used to pretty Insta-people hawking all sorts of things that will never, ever make my face more symmetrical—but what’s the deal with the recent trend of influencers selling financial products?

This week’s question comes from Patreon Donor Mara. Their question prompted a lot of deep thought about the aspirational nature of wealth, and our complicity in that paradigm. It’s self-recriminatory af, you’re gonna love it. 

Mara writes…

I’m writing to ask if you guys had any thoughts on all these Personal Finance Flavored MLMs that are popping up like crazy on social media.

I work in the entertainment industry. Recently I’ve noticed that a lot of young actors are selling “classes” and the like on their Instagram pages. It seems like they really target young artists/musicians/models and tell them that selling Forex or Bitcoin is the key to intergenerational wealth and stability.

It seems super sketchy and predatory to me, but I would love y’alls thoughts.

– Patron Mara
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