Reinvention
A 970% Stock Jump, Credit Card Tricks and Other Misinformation on TikTok
People are flocking to the app for lessons on how to get rich and manage their finances, but it’s rife with dubious advice that could prove ruinous.
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Buy several credit cards with different due dates. Max out spending on the first one, use another to pay it off, and then repeat with a third and fourth and so on to live off debt forever.
It’s an absurd and financially dangerous idea, of course, but it was the “perfect life hack” for Tommy Zippler. At least that’s how he put it in an Oct. 11 video to his 1.6 million followers on TikTok, where the post has been viewed more than 430,000 times.