Avoiding Mainstream Media's Bad Money Advice

Описание: Avoiding Mainstream Media's Bad Money Advice

#mainstreammedia #personalFinance #badMoneyAdvice

One of the things I try to do with Wrestling With Finance is give information to people who aren't as savvy with every aspect of the financial system a point to launch their own research on topics.

The problem is that, while there are many of us that have learned and implemented a better way of handling our money, there are still way more voices in the mainstream media that give terrible advice to its audience.

In this particular case, I'm using a recent broadcast on my local radio station WBAL during the C4 & Brian Nehman show. The topic was on rising inflation and the increasing cost of goods.

One listener texted how he and his fiance were using discipline, cutting back on spending, and investing a certain percentage of their money to not feel as much of a pinch. Living within their means, they made the case for financial literacy.

The hosts of the show countered with every bit of bad advice imaginable as well as a pessimistic acceptance of American consumer culture which has tilted too far in one direction.

In this video, I discuss why this is a problem and why, given the current state of the U.S. economy, how you should avoid the status quo of pop culture's distorted view on economics.

Wrestling With Finance
Avoiding Mainstream Media's Bad Money Advice


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American Economy's Reliance On Consumer Culture:
https://theconversation.com/the-us-ec...

Millennials Facing Economic Crisis:
https://www.cnn.com/2020/05/16/politi...



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