Media always pursued us to buy more products when we do not need them. I was on Amazon and the current Canadian best sellers are Coffee, when it should be masks and all purpose cleaners.
When I am on TiKTok, I see a pattern of young “rich” people showing off their Gucci purses, Balenciaga shoes. That encourages our youth to make poor purchase decisions.
There is a digital #trend “I want it, I got it…” the video shows someone pointing out an expensive product such as a gucci purse or a belt. Then they show the people holding the item. This is great for digital presence for the person creating content and should be only taken as entertainment.
However, I am worried about people being encouraged by the trap of marketing at this time.
You all need to save money right now. Only spend on your essentials and save. You can look into your future investments that will return money. If prices fall in the house market, then do your research before you purchase.
Will you be able to rent the place out? If yes, then create that stream of income. Create different streams of income right now so you can survive through the recession that we are already in.
Invest in yourself. Learn a new skill! Look up new #hottopics. For example, we know now that health care and security/cybersecurity never goes out of fashion