Post
Topic
Board Economics
Re: Habits that can lead to your financial failure in 2024
by
junder
on 13/01/2024, 07:38:18 UTC
Yes, I agree with this because in my environment this is a reality, many young people in my environment are forcing themselves to be stylish, by buying high-value branded goods, which perhaps is a requirement of today where we have branded goods and high value is a sign that we are rich, but we don't know exactly how many young people are like that and what you say is true, even though it's not that important to them, but maybe it's because of prestige that drives them to buy branded and high-value goods. .
Social media and instant life have influenced young people today. The existence of social media and the feeling of wanting to be recognized makes people willing to throw away their money just to fulfill their desires, not their needs.

This is a big problem and I see it everyday kids these days are so easily influenced and they are persuaded by their peers to buy this and that of course part of growing up is wanting to have some kind of feeling of belongingness that is why kids want to be in the in they want the latest, the trendiest things which is why kids these days make a lot of poor financial decisions
but I can't judge them negatively if they manage their finances well even though their desire is to buy branded goods but they have to set financial limits so they don't waste money, but you have to know that they are motivated to work hard because they want to have the dream item they have long hoped to get. buy from your own income without expecting financial help from parents, so don't forbid them from buying branded goods but advise them to save their income and they should save for future needs.

actually it all depends on their own attitudes and thoughts, because not everyone has the same thoughts about this, and what you say is true, there is no harm in buying branded goods that have a high price value, if they buy it with the money they have. earn their own money in the sense that they are already working and have an income so that's not too much of a problem, because that's their own right and of course I think everyone has the idea of being better and maybe they also have the desire to save but it's still being postponed because there are still desires that must be realized at this time. by buying the things we want and using the money we earn ourselves, it's not a problem because it's a way to pamper ourselves. In my opinion, pampering yourself is something you need to do as a sign of appreciating yourself.

and on the other side there are also those who don't care about other things because they focus on what they want and don't listen to input and advice from other people. and this is what happens a lot, where they want to be stylish but don't have the capital, in fact some of them force their parents to buy them what they want even though from a financial perspective they are unstable, and this is something that must be addressed, where they must be aware and looking at their family's financial situation, don't push too much unnecessarily because that will make things difficult for us in the future.