PRESSURE OF THE SELFIE GENERATION

1. Are your selfies landing you in debt?

The rise of the “selfie culture” and a fixation on the lifestyles of celebrities may be landing young people in debt.
Research found that young people felt pressured not to be tagged in a photo on social media wearing the same outfit twice. Not wanting to make a fashion faux-pas, one in 10 borrow money they can’t afford to buy new clothes.Internet survey found that 41% of all 18- to 25-year-olds feel the pressure to wear a different outfit every time they go out, rising to 47% for young women.
One in six young people say they don’t feel they can wear an outfit again once it’s been seen on social media, and 79% admitted being influenced by at least one social media platform.
Instagram topped the list at 55%, followed by Facebook (40%), YouTube (37%), Snapchat (25%) and Twitter (14%).

Additionally, unboxing videos, in which YouTubers film themselves opening shopping hauls, are hugely popular, with 30% of young people reporting they watch them regularly, possibly influencing young adults to go out and get a “haul” of their own – with money they don’t have.

The selfie culture has a darker side, though, with 1 in 10 borrowing money they can’t afford to repay to fund clothes shopping. Also many borrowing to purchase new clothes were eating cheap food, skipping meals and even selling sentimental belongings to fund their shopping habit.

More concerning, another study from Royal Mint shows that this is affecting savings levels, too – the #YOLO generation (You Only Live Once) are saving just £300 a year (£5.70 a week) so they can have fun with the rest of their income. This compares to £1,500 per year, which was the average saved 40 years ago, according to historical data published by Lloyds Banking Group.
b. Does stuff = success?
The problem is a cultural one that stems from our tendency in the West to value “acquisition” more highly,

“In effect, we have psychologically fused together success with acquiring ‘stuff’,” he says. We think, “the bigger my house, car, wardrobe, or holiday, the more I demonstrate to myself and others that I am successful.”

Continue reading PRESSURE OF THE SELFIE GENERATION

Bursting Millennial Money Myths

Most of us have made a few foolish money mistakes here and there. It’s the car we can’t afford, the personal loan we never should’ve made, or the mortgage that nearly sent us to bankruptcy.

So why do we keep making these same money mistakes?

Most likely, we mismanage money because of a faulty belief system. We’ve bought into some of culture’s most popular money myths. And a lot of times we’ve learned them from a well-meaning yet misinformed parent, teacher or friend.

While it would be easy to sit back and blame others for falling for these money myths, the most important thing to do is realize they are myths.

  1. Myth: Credit Card: Credit Card is to be used until I get fund to settle IT

    Truth: You are living on borrowed funds . This is mortgaging your earning in advance for personal expenses that will not give any returns.  Spend the money you have ONLY not money you are yet to earn.

2.     Myth: Debt is a tool.

Truth: Some tools help you fix things. Other tools help you break things. So in that sense, debt is a tool—it’s a sledgehammer to your financial future. Another way of putting it: Debt is the enemy of your income. The monthly payments you send to credit card companies are monthly savings you could be putting toward your retirement, your kids’ college, and your down payment on a new house! Your income is your most important wealth-building tool. Don’t surrender it to debt.

3.     Myth: Car payments are a way of life.

Truth: If you believe debt is a tool, you’re just as likely to believe car payments are a way of life. The average car payment these days is $504 per month.(1) That’s over $6,000 a year you’re putting into something that decreases in value. Instead, save that money every month for a year and buy a nice, used car for $6,000. The best car is the one without a payment.

4.     Myth: Not cooking is a way to live and Enjoy Life .

Truth: It’s a sure way to not reduce cost so no extra for future and making short term plan. An expensive lifestyle choice for someone not yet wealthy.

5.     Myth: You can’t go to college without student loans.

Truth: You absolutely can. Will it be easy? Maybe not. Will it be worth it? Totally. Whether it’s through college-specific scholarships and grants or federal and state aid (that’s aid, not a loan), going to college without debt is completely possible. And what about paying for college out of your own pocket? Rachel Cruze talks about college planning all the time. There are alternatives to loans when it comes to funding college tuition.

Many colleges offer work-study opportunities, which are essentially part-time jobs offered on campus. And no one’s stopping you from getting a part-time job off campus. Working as a barista, waiting tables, or even finding a retail job can bring in some cash to offset your school expenses. Consider even creating your own side business using your skills—tutor other students, pick up some freelance gigs, or start a pet sitting service. There are plenty of options to generate income while you’re still in school.

6.     Myth: Eventually, you’ll make enough money to catch-up on your retirement.

Truth: Prepare for retirement now. But make sure you’re out of debt and have an emergency fund of three to six months of expenses before you start. After that, you’re ready to start building for your future. Don’t put off preparing for retirement if you’re able to start today! According to the AICPA, 49% of non-retired Americans say they aren’t confident they’ll reach their retirement goals. (2) The more you save now, the less you’ll worry later. Chris Hogan explains how to retire with dignity in his national best seller Retire Inspired: It’s Not an Age; It’s a Financial Number.

7.     Myth: You already keep track of your money, so you don’t need to budget.

Truth: If you go online and know about how much you have in your bank account, that’s good. But that’s not a budget. When you just track your spending, you’re looking back at how you already spent your money. A budget looks forward. You plan how you’re going to spend your money. When you do this, you can prioritize paying off your debt, saving for your emergency fund, and planning for the future. Without a plan, you’re wandering aimlessly through your pay check.

You don’t have to keep falling for these money myths! Reshape your belief system today and positively change your future. That is when you can guarantee you are on the journey to Financial Freedom.

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How You Give Yourself Away Unknowingly! #TAKE IT BACK

For a very long time I lived with this question in my mind of why people easily don’t understand me. I was not necessarily desperate but really eager to have people tick the like button on me. Though it did happen but it was at a cost; cost of loosing me; cost of doing everything possible to conform to people’s expectation; cost of me not understanding my action therefore unable to explain the WHY of those actions( Since I was living other peoples’ scripts.

It’s a life of silent frustration as human manipulators hijacked this to turn me to their toys and redesign me to their own version of me.

You have no idea how long this went on in my life. I was living to please that friend, family, colleague, spouse, parents, in laws, the communities I found myself in.Conforming to their expectations and ignoring my expectations of me.

DOES THIS RESONATES WITH YOU? Do you find yourself like this to be a tiny bit like Me?

I was there and it wasn’t a pleasurable experience . You live not pleasing yourself and living other peoples’ scripts.

IF YOU LIVE LIKE THIS YOU CAN NEVER HAVE THE BEST SHOT AT LIFE!

It’s time to get out of the box that you have put yourself in. Yes..you read well. You said yes to the scripts of the others..it was not forced on you. Yes I know how it is like to not be liked and you want them to be like. FLASH NEWS- Everybody cannot like you and neither can you like everybody?

Have you sat to think that you too have people that are not on your favorite list because of who they are?How do you treat them ?Do you also try to fit them into your own box of expectations? If yes then you are as guilty as the people we are referring to .

Why do people do this? It’s natural to gravitate towards what you are familiar with, so when you meet with unfamiliar character traits ; you are left with 2 options –

1. To accommodate to understand if you can live with it or move away if it bothers on an integral value you uphold highly.
2. Unable to accommodate and cope with it so you try to emotionally manipulate the person to fit your expectations .

These are the 2 reactions we give and receive when we come across people whose values are not similar to ours.

So you as a victim in the box, what do you do to gain your freedom and start living to be you in your comfortable space..?

I shared the way out in the video below. Please watch and leave a comment on how the video RESONATE with you.

WATCH VIDEO HERE….

Atinuke O

 
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3 Money Moves to Make in Your 20s

Copy of FINANCIALLY SMART IN TWENTIES

Click Here To Watch The Video Version

This is the best season of your life when you the freedom to do as you like with your money. Freedom to spend,save,invest, protect and control.

  1. Get Emergency Fund saved in an account,

  2. START Investing now  and 

  3. Have a Retirement plan and stick to it

CLICK HERE FOR THE DETAILED INFORMATION ON THE 3 MOVES FOR THE 20’S

Discover How the Wealthy Spend Smartly and Remain Rich

Discover how to spend smartly and still be reach.
HOW TO BE PRUDENT BUT NOT STINGY_

CLICK TO JOIN THE WINNING WITH MONEY FACEBOOK GROUP FOR more MONEY  HINTS AND TIPS 

Becoming and remaining wealthy is not just about earning so much but its actually about managing and controlling your money. The major part of managing your money is controlling your spend.

You can spend smartly living the life you desire without going broke if you know how to do it.  Most employees work 5 days and spend for 7 days every week..

Do you know the Cost of Spending?
What is it cost per hour? Weekly/7
YOU WORK/EARN 5 DAYS AND SPEND 7 DAYS .

Your earning per hour is  your  weekly earning  divided by 7 days  divided by the number of hours worked in a week. For full explanation of this watch the video in the link below.

CLICK TO WATCH THE VIDEO ON TinuTalks YOUTUBE CHANNEL

3 MONEY PITFALLS TO AVOID

I am very excited to share these major mistakes people make with money. 3 MISTAKES TO AVOID IF YOU WANT TO WIN WITH MONEY These are pitfalls you must avoid in order to enjoy financial peace or freedom in life.

  1. Don’t Spend More Than You Earn  

    One of the major money mistakes we all make is this one and it is so easy with the era at which debt is sold to all in credit cards, high street shop cards, loans, etc If you are not conscious of this you will find yourself spending more. It’s a major  error to take you into poverty and indebtedness.        WATCH VIDEO OF THE ARTICLE

  2. Don’t Fund Your Life Style With Debt

    Have heard of the saying that the borrower is  a slave to the lender. This is so true. When you are in debt , you have lost control of your money decision because the lender dictates . Regardless of your needs or wants ; the debt is what you have as top priority to settle.  STOP keeping up with the Joneses STOP trying to appear rich when you are not rich. Get a grip of your financial life, You can not have financial peace in life if you fund your life with debt. When you are in this habit, you are unlikely to think of your financially future and if care is not taken you end up being broke if not bankrupt some day.

  3. Don’t Go Shopping When Hungry

 Going shopping when hungry is a recipe for money mistakes. When you are hungry and shopping; you may find yourself buying more and items you do not need . Also when you are in this state you may never buy what you really want to buy because you want to rush off and end up making wrong choices and spending your hard-earned money just because you are hungry. Never go shopping when hungry.

CLICK HERE TO WATCH THE VIDEO OF THE BLOG ARTICLE

 

How Prepared Are You For The Rainy Day?

A heart rendering story I had to share because of the weight of trauma this woman had to go through. Watch Video Here : https://goo.gl/GQsVTb

However there is a lesson for us all.

This is a story that buttresses the point that there is need to be financilly educated which helps plan for the rainy day. NEWSFLASH ! The rainy day must surely come. It comes in different shapes and forms – the good the bad and the ugly somtimes.

I receieved a whattapps mesage from a friend that led me to doing trhis video.
Hello dear friend.
I need help to assist a sister who is going thru traumatic experience. She lost her husband last year due to kidney problem after they did transplant in India.
They sold everything to complete medical bills but the man died months later. Their fist son in final year in the University of Agric could not graduate becos there was no N35,000 for project. Now the boy is at home. He needs to retake final year. School fees is N130k with N35k for project so he can complete his programme.
Can we share N165k together so the boy can go back to school and graduate? I have never met the sister but she was at my younger sisters place today to collect foodstuff to feed the children. May we not be stranded in life.
Thanks so much
Though this is hard but do you this can happen to anyone of us . It is important to have a financial plan as you do other ares of your life.

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Housewife/Homemaker- Why and How She Should Be Paid.

Though not a housewife but undoubtedly think she should be recognised and rewarded. Why and How is what I share in the video.

WATCH THE VIDEO SUBSCRIBE to channel : https://goo.gl/GQsVTb

Should Housewives Get Paid?

Housewives Deserve Recognition

Housewives should be paid for their work. But, by pay I don’t mean a wage only.

They deserve utmost care, respect, love and importance for the work they do.

Just because a woman is a housewife, I have seen the society looking down upon her.

Many a times it’s not just the society, but also her very own family, that is her spouse and children, not respecting her work.

Click to watch Video

Continue reading Should Housewives Get Paid?

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