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Social Media Is DRAINING Your MONEY & Keeping You From BUILDING WEALTH
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- Опубликовано: 18 авг 2024
- Today, I wanted to talk about one of the biggest challenges I see for young adults who are trying to build wealth, particularly for women.
ABOUT ME:
Education - I studied Economic History at the London School of Economics
Work - I spent 4 years working in the Investment Bank in London & Dubai
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TIME STAMPS:
0:00 Introduction
1:26 Influencers
4:25 Affects on Wealth Building
8:33 Prevention
An influencer having a beauty room is like a mechanic having a wall of tools. It’s for their vocation. I was a minimalist until the pandemic when I realized it’s not always guarantee that you can just go out and get what you need. Now I stock up.
"…But real and truly, you did it to yourself” 🤣🤣🤣
To combat my over consumption, I make lists. Grocery lists, clothings lists and I stick to it.
🤣🤣🤭
I remember when i used to work at selfridges i was obsessed with buying makeup - but now i make lists of things missing in my wardrobe/skincare/makeup and i shop more intentionally how things have changed
That’s honestly the best way to do it, if you don’t have a list you’ll end up with a whole bunch of extras for mo reason 😩
I worked in semi luxury retail and actually stopped buying things cause I thought about how many hours worth of salary it would take 😂😂😅
I love clothes. I dress up every day. But the other day I was arranging my clothes after laundry and I felt overwhelmed 😢 by the amount of clothes I have, some of which I haven't worn in ages and noticed I only wear the same same clothes as I'm great at shopping my closet. At the same time noticed I'm missing certain basic pieces that I need for work, gym, undergarments
Decided to do this:
1. Declutter expeditiously
2. Make a list of stuff that I actually need.. work clothes, shoes, innerwear, sleepwear, casual etc and ONLY shop what's on that list. Even if I'm window shopping or walking around the mall, no more buying coz it looks nice. Buying what I need and having a wardrobe that serves my current needs and season in life.
Love this!
The whole matter is down to discipline and the level of one's gratitude and contentment. The world pumps out that we need more and don't have enough, when we have more than enough. Imagine if people were taught that they are already blessed and anything they get doesn't define their sense of worth.
She is a beauty, and smart the ultimate combo ❤
So needed this time! Particularly for women content creators, alot of them promote excess buying and over consumption. Keeping up with them you will go broke. 😅! More content creators need to speak about what they are doing to invest their money!
Agreed! 🤍
Firstly, thank you for this video, your video's are always interesting and informative. As a South African living in the UK, oh my goodness, I used to buy so many things, furniture, clothes, etc, and send them at home. Honestly, they will cost me way too much, or I will buy because its on 'clearance' .Forgetting that if I'm not going to use it even if it's on sale. It took me a few months to become a minimalist ,I'm now free for that bondage.🥰🥰
yay, love that for you 🥰
Talking about signalling Lamide, I think you need to a separate post about how you didn't get into consumerism living in Dubai because!!! People naturally seem to "rate" you based on what you wear.
Let me add to other aspects of life we see this happen, going by what I post more about( I create content informally around cooking): pots, pans, kitchen utensils, dinnerware etc. I only have 4 useful pots and pans and I was almost beating myself into buying more. But thankfully, I think my nomadic lifestyle has helped put me in my place.
Love it Love it Love it! So much wisdom. Thank you for such a summary ❤
I thoroughly enjoyed this analysis, it helped put a lot into perspective
love this video - 100% facts and great delivery
Glad you enjoyed it! ☺️
“But really and truly…” that part though 😂
I’m def gonna pay for travel and experiences too! Clothes and items, not so much. Such a good video!
Yes! Thank you!
Have you considered dividend growth investing?
Um, for me its simple things like me not having online shopping apps in my phone
Great insight. Yes, women are the biggest consumers. Yet, there are a lot of men driving the latest German to their mum's house.
Very true 😂
Girl...the title had me😔😔😔😔
It’s not too late to change 🤭
❤🇬🇭
🫶🏽
If you are with the right man, he will enable you to spend abundantly and also save for the future. Women should not have to cut any spending, it's very expensive being a woman.
What has this got to do with men?
And what will you be doing whilst wasting his money?
Lamide are you Nigerian? Just cuious..
I think her name is a give-away. Now get yourself some suya & fanta and enjoy your beautiful day. 😂
@@Enig_Mata Oh stop it. I didnt want to make conclusions..that was why I asked. Now get off my post and go do something with your life
@@OlufunshiAyo Relax... my comment was made in jest. Not sure why you took offense to it. 🤣
Can you do a video on dark armpits lightening please
Wtf? Nobody cares about the colour of your arm pits
this is unethical, but buying stuff and returning it, defo helps, especially if you only temporarily need it
According to retailers, this is considered be theft!
@@PrettyTamii Disclaimer: I do not do this
@@tamodsar2763😂😂😂
😂😂😂
When it comes to clothes and shoes there are actually businesses that allow you to rent items and then send them back
Amazing thumbnail!!! That is precisely why I became a minimalist in June 2023! Amazing video, hope that more young people watch this. Keep up the amazing work! 🤍
Thank you so much!
Love that you became a minimalist, I’m trying to adopt some of the principles 🤍
It was so hard, it’s not easy, it didn’t happen overnight. It took me 6/7 months actually 😅 but it’s sooo worth it now 😊🤍💪🏼 you girl are goals!! 💪🏼💪🏼