Submitted by homeboi808 t3_11eboab in personalfinance
peeweemom t1_jadgoe0 wrote
How about ‘keeping up with the Jones’s?’
In today’s social media society- kids are exposed ALL the time to lavish vacations, fancy cars, and ‘little work’ careers. What they often don’t realize is that it’s usually a facade- and that many of those people are living paycheck to paycheck. Maybe show some real life examples of middle class families that got out of control with financing toys and wants… and then ended up in dire situations.
I honestly don’t think that even many adults I know realize that not everyone needs or has the latest iPhone, fancy car or other… and that these are indeed wants and not needs.
homeboi808 OP t1_jadjsgg wrote
> Maybe show some real life examples of middle class families that got out of control with financing toys and wants… and then ended up in dire situations.
I showed a few videos of Caleb Hammer on YouTube, where he does financial audits on others. One was a married man where him and his wife combined made >$200k, yet he owed I think $40k in back taxes; another was a 24yr old entrepreneur who was living paycheck to paycheck (even after his father being his landlord and giving him a steal on rent).
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