"Don't be too quick to give up your agency, time and happiness for vanity" This episode of The Financial Griot is centered around Consumption and the draining effect on your purpose. Too often, we get stuck in a never ending loop where we buy into a lifestyle only to be indebted to it for even longer. For example, the college experience is an expensive pseudo inflated lifestyle that mirrors affluent middle class. Through loans that extend beyond tuition and books, many fall victim to an expensive experience that's akin to Disney World. All fluff and payment. After 4-6 years, you end up paying for it for 20-30 years. And then the pattern repeats itself, post graduation. TFG discuss the radical alternatives. Bonus Reading Recommendation: "the Psychology of Money" by Morgan Housel. He provides a deep dive into how we became a nation of consumers and following the Jones.
"Don't be too quick to give up your agency, time and happiness for vanity"
This episode of The Financial Griot is centered around Consumption and the draining effect on your purpose. Too often, we get stuck in a never ending loop where we buy into a lifestyle only to be indebted to it for even longer. For example, the college experience is an expensive pseudo inflated lifestyle that mirrors affluent middle class. Through loans that extend beyond tuition and books, many fall victim to an expensive experience that's akin to Disney World.
All fluff and payment. After 4-6 years, you end up paying for it for 20-30 years. And then the pattern repeats itself, post graduation. TFG discuss the radical alternatives.
Bonus Reading Recommendation: "the Psychology of Money" by Morgan Housel. He provides a deep dive into how we became a nation of consumers and following the Jones.
Detailed show notes, www.theneighborhoodfinanceguy.com
About Us:
The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. We tell the stories that others don't. Stories about growth, opportunity and embracing changes. Beyond that we talk about Finances. Specifically, how to become Financially literate, incorporating actionable steps and ultimately building generational wealth.
Can you imagine being a Millionaire in 20 years or less? Yeah it's possible. 80% of millionaires are first generation. That means they didn't come from wealth. We teach you how. Join a community of subscribers that welcome a fresh take on money.
So there you have it, The Financial Griot or TFG for short. The hosts were able to amass over $2 Million in wealth in about 8 years and are on track to retire early. If you want the secrets; we will gladly share them since opportunity is abundant and Win-Win.
Connect with TFG Crew aka the Hosts:
Alainta Alcin - Blogger, Travel and Money Enthusiast @alainta_alcin
Lovely Merdelus - Entrepreneur and Small Business Growth Specialist @lovelymerdelus
Lawrence Delva-Gonzalez - Federal Auditor, Blogger and Tax Specialist @theneighborhoodfinanceguy