In this episode of Keep Yours, we discuss ways you've been programmed to be a consumer .
In this episode:
Exercise illustrating how we are programmed [1:15]
How banks make money [5:30]
When to switch banks [8:30]
What a “run” on a bank means and your power as a consumer [12:00]
Other psychological financial games [14:00]
Importance of personal responsibility in order to thrive [17:00]
Wealth is a relative concept [19:00]
How this culture values wealth [21:00]
Companies buy and sell your information to target marketing to you [24:00]
Examples of targeted propaganda [30:00]
Cost of convenience [33:00]
Don’t buy what you don’t need [35:00]
You’re not alone in not understanding capitalism [38:00]
The system is set up against you [45:00]
Why this is important [49:00]
Statistics on consumer debt in the U.S. [52:00]
Everyone is in line to take your money [57:00]
RESOURCES:
Wall Street Journal article “U.S. Economy Fuels Boom in Consumer Debt”