Home Immigration How Social Media Is Keeping You Poor . . . and What To Do About It!

How Social Media Is Keeping You Poor . . . and What To Do About It!

24
How Social Media Is Keeping You Poor . . . and What To Do About It!

▸▸▸Enroll in our 365 Days to F.I.R.E. Program: Take part in our 365 Days to F.I.R.E. Program and develop your financial independence plan (including your stock investing plan and real estate investing plan) AND get your plans reviewed by us, attend 12 Live Q&As with us, complete daily F.I.R.E. related tasks, get assigned to a small accountability group, attend our meet-ups in Portugal, participate in our FIRE related book club . . . and more!

▸▸▸Enroll in our Stock Market Investing Course for Financial Independence and Retiring Early: Enroll in our new 21 module, 4-plus hour stock market investing course with more than 30 handouts of summary notes, homework assignments, and resources. Learn how to research and select investments, how to determine your asset allocation, how to rebalance your portfolio, how to optimize your investments for tax purposes, how to automate your investments, and much more (including a 19-page Investment Plan to work on)!

▸▸▸Enroll in our FIRE Master Class: This FIRE Master Class is designed for people interested in pursuing financial independence and retiring early. In the Master Class, we explain how to live off of your investments during early retirement; how to withdraw money from your investment accounts to support your living expenses during retirement; how to calculate your FIRE number; new and creative ways that you can save money; new side hustles for making money; how to invest in the stock market and in real estate; we discuss healthcare options in retirement . . . and MORE!

▸▸▸Enroll in our How to Move to Portugal Course: A Step-By-Step Course to Relocating and Living in Portugal: This course is designed for people interested in moving to Portugal. In the course, we explain the visa process, the documents you need to submit for your application, and the step-by-step process that we took to obtain our visas; we explain the residency permit process and how we obtained our residence permit here in Portugal; we explain the process for buying and renting a house in Portugal; we discuss healthcare, school options, and setting up NIFs, we explain taxes here in Portugal, and MORE!

▸▸▸Follow us on Instagram:
Our Rich Journey – City vs Country Living (We Left Lisbon for the Countryside – The use of social media is rising year over year, but little attention has been paid to how social media can have a detrimental impact on your finances. In this video, we address that! We talk about how social media can make you poor and we give you our top tips to prevent that from happening!

▸▸▸Check out some of our other videos!
Stock Market Is Crashing, So We’re Buying This NOW (See Our Top Pick):

Oh NO! Interest Rates Are Going Up! | Here’s How to Invest in the Stock Market:

9 Rules We Followed to Become Millionaires in our 30s:

Financial Norms Destroying Your Wealth – We Broke Them to Retire at 39 As Millionaires:

Our Top ETF Investments for Dividend Income and High Returns to Retire Early:

Investing in Index Funds for Beginners | Tips & Advice From Millionaire Investors:

▸▸▸PLEASE SUBSCRIBE:
If you like our video, please make sure to “like” the video and subscribe to our channel. We post one video a week related to our journey towards financial independence, including making money, saving money, and investing money. Make sure to check out all our videos and . . . join the journey!

DISCLAIMER:
We are not financial advisors. Our videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won’t experience any loss when investing. Always remember to make smart decisions and do your own research!

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our personal opinions.

#FinancialFreedom #HowToRetireEarly #FinancialIndependenceRetireEarly

source

24 COMMENTS

  1. All these tips are great, however, I have to shout out to that 2nd to last tip.

    Curating the content you consume is a cheat code to changing your beliefs.

    The algorithm on any of these apps is good feedback to tell you what you’re filling your time and mind with.

  2. Thank you for the reminder Amon & Christina! I noticed many of the advisements are products and strategies that are at the end of the trend or focus on selling the dream lifestyle with less information disclosed on details.

  3. I saw a woman … Promoting leaving America . And promoting people to support these brands. In less than a year and a half she was back in the US and bought a house . I was like wow people really keep following these people. They're in it to make their money .
    Got to be careful !

  4. I also noticed how social media sites like Reddit have these speculative groups that spread poor investment information. These buyers get the stocks, nfts or other bad investment advice from these users then they end up losing a lot of money.

  5. You couldnt have said it any better!!! Social media is mind control.. I was at the mall the other day and really needed to buy a jacket, and your "72 hour rule" came to my head! So thankful for you guys!

  6. Honestly if your dumb enough to follow things that defies logic because someone with a social media following says it you probably deserve to loose your money for being dumb

LEAVE A REPLY

Please enter your comment!
Please enter your name here