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Of late, I've been listening to narratives of people in my consulting room which revolve around the race to chase extravagant and Hollywood/ Bollywood style lifestyles. These individuals are exposed to images, posts, videos and advertisements of lavish lifestyles on social media and experience a fear of missing out (FOMO), inferiority complex, self-pity and sadness.

No wonder such negative feelings pressurize them into overspending, risky investments, inflated credit card bills and big loans. The result is a huge financial mess. Hi! This is Pulkit Sharma. I'm a practicing clinical psychologist, psychoanalytic therapist, spiritual counselor and author since 2008. In my work with individuals suffering from this affliction, I encourage them to reflect deeply on what truly matters to them and change their financial strategies and spending habits in light of this knowledge. I've often seen that this small change in their mindset goes a long way in fostering a sense of financial wellness, security and long-term happiness.

#financialfreedom #moneymanagement #authorpulkit #poor #pulkitsharmaclinicalpsychologist
Transcript
00:07It is human nature to tell the whole world that my shirt is whiter than everyone else's.
00:17Yes, it is shiny
00:18And then seeing the whole world envious, jealous, and mixed with sesame seeds, he felt a strange peace in his mind, a strange
00:32Peace and a Great Sin of Achievement
00:37But with the arrival of social media, the competition has become crazy. Everything on our smartphone screens appears to be
00:50so Hollywood style, Bollywood style or Lollywood style.
00:55To outperform this extravagant lifestyle, people either throw their money into the fire or take huge loans.
01:08Or we fall for unsavory scams that promise we can spend the night
01:16The night will make you rich
01:19The result is zero bank balance, zero mental peace, damaged credit score, inflated credit card bills, and a doomed future.
01:34Therefore, my dear friends, think carefully before you spend.
01:41Spend on what gives you real joy. Spend on what gives you meaning.
01:49Spend on what fulfills your deeper aspirations.
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