The stock market took a dive last Friday, and the latest tariffs could increase consumer prices. Top finance influencers shared their No. 1 piece of advice to navigate this moment.
Don’t panic, said several creators. Instead, prioritize budgeting and investing. Tolani Eweje, founder of The Creator Success Club, advises having a clear strategy in place, whether it’s tightening your budget or building an emergency fund.
Tori Dunlap, creator of Her First $100K, suggests staying the course despite market fluctuations. “The people who build real wealth are those who stay strapped in for the long haul,” she said.
Bola Sokunbi, founder of Clever Girl Finance, recommends focusing on long-term financial goals and creating a cash buffer to safeguard against unexpected expenses.
Others advised getting your budget in order, no matter the income level. Mal Baska suggests having a plan for incoming cash flow and negotiating bills to free up cash flow.
Kelly Anne Smith, creator of Freedom In A Budget, sees the market downturn as an opportunity to buy quality stocks at a discount. However, she recommends investing only if you have a cash buffer in place and don’t need the money within five years.
Traveling abroad can also be a great way to save, especially when exchange rates are in your favor. Vivian Tu advises traveling to countries like Mexico, Poland, Vietnam, or South Africa where US dollars are strong.
By following these tips, individuals can navigate market downturns with confidence and make the most of this challenging time.
Source: https://www.businessinsider.com/finance-influencers-share-best-advice-as-tariffs-rock-market-2025-4