How Existential Dread Keeps You Poor
"There's no point saving for a future that's not coming" - Here's what's wrong with that thinking. Let's dive into how the anxiety and stress of existential dread can lead to poor financial decision-making, including overspending, undersaving, and even avoidance of financial planning altogether.
Whether it's threats of climate change, world war 3, or another global pandemic, existential dread isn't surprising. But the fear and panic that comes from this thinking lead to financial futures full of stress and uncertainty. What if instead, we worked to protect our financial futures, which could in turn help us make the world a better place?
Want more videos on money, media, society, and intentional living? Be sure to subscribe for more video essays!
Want to support this channel? Donate here!: https://www.buymeacoffee.com/cara.nicole
My Monthly Budget & Spending Tracker: https://www.etsy.com/listing/12891638...
Get $100 off LLC formation to start your business (via BetterLegal): http://betterlegal.com/aff/faf5dc437a0e
#videoessay #videoanalysis #personalfinance #climatechange #moneymanagement
If you like this video, check out these other video essays on money & society!
How Consumerism Ruins Our Planet and Finances: • How Consumerism Ruins Our Planet and Finances
The Dangers of 'Stay at Home Girlfriend' and 'TradWife' Culture: • The Dangers of 'Stay at Home Girlfriend' a...
How Designer Brands Will Keep You Poor: • How Designer Brands Keep You Poor
Influencers Don't Care If You Go Broke: • Influencers Don't Care If You Go Broke
Time Stamps:
00:00 "Why even bother?"
00:34 Retirees with no savings
01:58 Hyperbolic doomsday narratives
03:09 We're not the first to think the world is ending
03:50 We are at the objectively best point in history
04:27 The climate change argument
07:59 Dangerous psychology of existential dread
09:09 Personal finance can make the world better
10:16 "Nothing Matters"
11:20 What do you think?