This is another recording of a live Instagram Q&A session about personal finance and financial freedom.
“Why do you believe that society today have so many issues with regards to money?”
Wow, there are so many things working against us with regarding to our money, marketing budgets of billions tempting us to CONSUME. So, be aware of the fit falls out there.
Here is my answer to @Kanika92.
Click to watch this video and add your own question in the comments. I might feature you in my next video. Enjoy!
Here is the full text of the video:
Hello everybody. Welcome to another Live Q&A session on Instagram about personal finance and financial freedom for entrepreneurs.
I do this session every week live where you’re asking questions and I answer those. It’s either by sending me a private message or I can also add you here and have a live video with you where you asking me questions. So I invite you to send your questions.
And today, I have a question from Kanica92 that’s her username. I don’t have her name.
And she asked me,
Why do you believe that society today have so many issues with the regard to money?
Hello dollartecents.Hey! How are you? Great having you.
I’m going to repeat the question.
Why do you believe that society today have so many issues with regard to money? The thing is this,
We are encouraged today to consume and consume and consume. And we’re lacking the money that we have. Yes, you can just take a loan and solve that problem. and then you have more money to consume.
So that’s pretty endless and vicious cycle. This is obviously getting people to want more. They want to spend more. so that’s obviously causing lots and lots of problems. People are not really budgeting correctly. People are not planning and they’re not thinking about the future. There’s just thinking about what’s going to happen now. They’re going to use that for nothing.
It’s not that I am saying, Debt is always bad. Sometimes you need it if you want to invest and something that makes money. But for pure consumption. This is a bad thing.
I’m going to open this here for more questions. So if you want to ask questions, you can either be here in the comments. Or I can also add you here live and you can ask your question on video. So I invite you
Dollartecents, Wanna ask something?
Sure! Glad to help! Glad to help! Thank you very much for that.
Thank you for encouraging.
So, If you have questions, I invite you to either send them to me, PM me either now or after I finish this video. I’ll also have a weekly session on LinkedIn. So I invite you to follow me on LinkedIn in my name. You can add me Shlomo Freund and follow those videos as well.