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How FOMO Culture Keeps You Poor

FOMO Culture is coming for you and your money. Use code “CARA” at https://joindeleteme.com/cara if you’re interested in getting your own detailed report and having your personal information stay private! 🎥 More about this video: FOMO, aka the 'fear of missing out' is a phenomenon that is only getting worse with the rise of social media. It's easy to compare our lives to others - what are they wearing? where are they traveling? what are they spending their money on? All of it can be overwhelming and lead us to make bad financial decisions, from overspending on credit cards to not investing safely. In this video, I talk about FOMO Culture and how it keeps you poor. 🔍 Resources mentioned: Schwab’s 2019 Modern Wealth Index Survey: https://www.aboutschwab.com/modernwea... Brazilian Journal of Psychiatry: https://www.ncbi.nlm.nih.gov/pmc/arti... LinkedIn Article:   / secret-science-fomo-marketing-advertising-...   💌 Want to support the channel? Here are a few ways!: - One-time donation: https://www.buymeacoffee.com/cara.nicole - Join my Patreon: https://patreon.com/thefinancialfreed... - My Etsy (budget spreadsheets!): https://www.etsy.com/shop/FinancialFr... 🎥 Check out some of my other videos! 🎥 - How TikTok Is Fueling Overconsumption:    • How TikTok is Fueling Overconsumption   - Let's talk social media's 'aesthetic' obsession:    • Let's talk social media's 'aesthetic'...   - How Designer Brands Keep You Poor:    • How Designer Brands Keep You Poor   - Multilevel Marketing Schemes & The Scam of Financial Freedom:    • Multilevel Marketing Schemes & The Sc...   Want more videos on money, media, society, and intentional living? Be sure to subscribe for more video essays! Time Stamps: 00:00 Fyre Festival 01:04 FOMO thru the years 02:17 The emotions behind FOMO 03:44 Spending & saving influenced by FOMO 05:19 My experience with FOMO 06:06 Falling behind 06:32 Marketers leverage FOMO 07:07 Social media's panopticon effect 08:07 DeleteMe Sponsor 09:39 How would we act without FOMO? 10:34 Manufactured exclusivity 10:59 How to silence FOMO 11:59 Setting financial boundaries 12:51 Always a 'next big thing' Keywords for some sweet, sweet metadata: Personal finance, money management, FOMO, fear of missing out, FOMO Culture, sustainability, video essay, video analysis, social media, instagram, pinterest, tiktok, overconsumption, consumerism, consumption, video essays, financial boundaries, saving money, spending money, influencer