The 'consumerism' trap, explained

Leon King · Beginner ·📄 Research Papers Explained ·10mo ago

About this lesson

2014-2017: Graduated with an accounting, finance, and business education degree, but overspending on fine dining every week, in love with credit cards, knew nothing about investing 2017-2020: Moved abroad, became religious about lean FIRE, had an 80% savings rate, but had no social life and was desperate to get rich - bought into " get rich quick" courses (while I had shiny object syndrome) and kept losing money in the stock market because of information overload and not knowing the best way to financial freedom. 2021: Met my wife, committed to give her the best life I could, learned about financial planning and investing that actually works from books and real financial planners 2022: Closed my first rental property after saving over $300k (while taking my wife out on vacations) 2023: Crossed $100k in income, while working a LESS demanding job. 2024: Monetized this YT channel, building a financial coaching business to help families become wealthy while enjoying their money guilt-free. Now and onwards: helping you give the people you love the life they deserve. #personalfinance #moneytips #buildingwealth Disclaimer: The content in this video is for educational and informational purposes only and is not intended as financial, investment, tax, or legal advice. Always do your own research and consult with a licensed financial advisor or tax professional before making any financial decisions. The views expressed are personal opinions and should not be taken as official guidance.

Original Description

2014-2017: Graduated with an accounting, finance, and business education degree, but overspending on fine dining every week, in love with credit cards, knew nothing about investing 2017-2020: Moved abroad, became religious about lean FIRE, had an 80% savings rate, but had no social life and was desperate to get rich - bought into " get rich quick" courses (while I had shiny object syndrome) and kept losing money in the stock market because of information overload and not knowing the best way to financial freedom. 2021: Met my wife, committed to give her the best life I could, learned about financial planning and investing that actually works from books and real financial planners 2022: Closed my first rental property after saving over $300k (while taking my wife out on vacations) 2023: Crossed $100k in income, while working a LESS demanding job. 2024: Monetized this YT channel, building a financial coaching business to help families become wealthy while enjoying their money guilt-free. Now and onwards: helping you give the people you love the life they deserve. #personalfinance #moneytips #buildingwealth Disclaimer: The content in this video is for educational and informational purposes only and is not intended as financial, investment, tax, or legal advice. Always do your own research and consult with a licensed financial advisor or tax professional before making any financial decisions. The views expressed are personal opinions and should not be taken as official guidance.
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