PodcastSeason 1

Media

Is Your News Source Trustworthy? + Healthy Social Media Habits

S1 E13 59 minutes

Want to know which news sources are trustworthy? We hate to break it to you, but you can't fully trust any. What you can do is be mindful of things like funding, bias (both the news provider's and your own) and engage your critical mind by fact-checking a range of sources.

In this episode, Lianne & Corey express the importance of understanding how the media has become interlaced in everyday lives, from background radio and TV noise, to discussions with friends. They encourage awareness of how the media can influence opinions you believe to be your own, and divulge how hidden agendas of advertisers are often spun as breaking news.

Digging deeper, they interview journalist, financial columnist, and podcast host, Chuck Jaffe, to explore the inner workings of the media industry. Using stories from his vast professional experience, Chuck explains how to determine the trustworthiness of news sources, the role of politics, and how social media platforms have changed the way we consume information.

In case you're wondering, yes, we're the media too. So, are you going to take our word for it… or listen in and form your own opinion?

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Get To The Point

0:56 What to Expect Summary of episode 13

1:37 Quick Quote By Jay Shetty

1:55 Under the Magnifying Glass What are your opinions shaped by?

8:56 Interview Intro Background on Chuck Jaffe

9:23 Interview Chuck Jaffe on how the media industry has evolved, recognizing bias, and source trustworthiness

52:50 Interview Digestion Key takeaways from interview

56:39 Take it Further Recommended resources

Show Notes

You can't turn on the TV and expect to get accurate information. You have to question everything.

We need to understand forms of bias and question agendas to make better informed, more well-rounded viewpoints. Media companies may have been paid to tell a certain story. You could very well be hearing an advertisement spun as a news story. E.g. Dairy companies pay the media to sell their products as "healthy" when research shows it's not as healthy as you think.

Coverage of the Middle East, for example, can range from mildly opinionated stories to outright factual inaccuracies and omission of critical facts.

Social media connects us to the outside world, but it's also used as a medium for data collection to target advertising and skew our opinions.

Our podcast is technically the media too, so question what forms our opinions. We've included a wide range of expert interviews to build a level of trustworthiness and also to learn. We want to discourage 'tunnel vision' where you fall into a herd mentality and listen to the same opinions and over and over again.

Some small steps to achieve balance in your consumption of media include:

To learn more about the dark world of data misuse sourced from social media, watch The Great Hack on Netflix.

Interesting media-related movies include:

Also check out the book, Ten Arguments for Deleting Your Social Media Accounts Right Now by Jaron Lanier.

Key Interview Takeaways

Connect With Chuck Jaffe

chuck_jaffe.jpeg
Financial Journalist

Chuck has followed the rich journalistic history of "comforting the afflicted and afflicting the comfortable" in the financial services world. For a decade, he wrote the popular "Stupid Investment of the Week" column for MarketWatch.

Chuck is a past president of the Society of American Business Editors and Writers, a group representing more than 3,000 business journalists nationwide, and he has long been an outspoken critic of the business media.

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listen
Money Life with Chuck Jaffe
Chuck hosts the United States' most-authoritative business and financial radio show/podcast, talking with top experts every day to cut through the financial clutter and bring you information that will increase your confidence and put you in better control of both your money and your life.
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read
Getting Started in Finding a Financial Advisor2010
This book explores the important relationship between an investor and their financial advisor and examines how you should go about finding potential candidates. Along the way, it shows you how to interview and check the credentials of six key types of advisors so that you can spot and avoid rogues, scam artists, and incompetents. You will also learn how to understand what can happen if the institution or the advisor ends up in financial or legal difficulty.
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