Should you stop consuming?
This isn’t to say you should stop consuming completely as it does keep the economy running when people are buying.
Consuming and spending keeps businesses open and the money machine turning. But I’m also not an economist or well-versed in this area, so I won’t pretend I know everything about how the economy works.
Plus, why shouldn’t you treat yourself occasionally? Buying something you like or upgrading possessions with your hard-earned money is your prerogative to do so.
And not everyone needs to adopt a minimalist lifestyle to be financially savvy. Instead, learning to prioritize when to spend will be key.
What I do know is, the personal finances in America are generally pretty bad. I think a big portion of this (outside of our student debt crisis and fast rising inflation) is having too much of a consumer mentality.
I mean, just look at some of these personal finance statistics to get a taste of what is going on.
20% of Americans don’t save any of their annual income at all and even those who do save aren’t putting away a lot. (CNBC)
43% of Americans spend more than they receive each month borrow and use credit cards to finance the shortfall. (Federal Reserve)
After being in Youtube Jail for 3 Months !!
We do not offer financial Advice – This is Fiction , I cant Read and im FAT
FOLLOW ME ON INSTAGRAM
ADD ME ON SKYPE : mikemartins1980
Please watch: “Mike in The Night ! – The Great Reset – #mikeinthenight #talkshow #Thegreatreset”