{"href":"https://api.simplecast.com/oembed?url=https%3A%2F%2Fthe-financial-griot.simplecast.com%2Fepisodes%2Fpeople-watching-and-consumerism-Rz46ts5Q","width":444,"version":"1.0","type":"rich","title":"Morally and Financially Bankrupt. How People Watching Drained our Bank Accounts","thumbnail_width":300,"thumbnail_url":"https://image.simplecastcdn.com/images/f1153873-62ec-4510-9061-59955f708555/7b39af64-c2fd-44dd-9480-562bffef5273/241430874-351300910058126-6266172948281418481-n.jpg","thumbnail_height":300,"provider_url":"https://simplecast.com","provider_name":"Simplecast","html":"<iframe src=\"https://player.simplecast.com/5e18f465-591b-421d-8458-2d7578e5d210\" height=\"200\" width=\"100%\" title=\"Morally and Financially Bankrupt. How People Watching Drained our Bank Accounts\" frameborder=\"0\" scrolling=\"no\"></iframe>","height":200,"description":"\"Don't be too quick to give up your agency, time and happiness for vanity\"\n\nThis episode of The Financial Griot is centered around Consumption and the draining effect on your purpose. Too often, we get stuck in a never ending loop where we buy into a lifestyle only to be indebted to it for even longer. For example, the college experience is an expensive pseudo inflated lifestyle that mirrors affluent middle class. Through loans that extend beyond tuition and books, many fall victim to an expensive experience that's akin to Disney World.\n\nAll fluff and payment. After 4-6 years, you end up paying for it for 20-30 years. And then the pattern repeats itself, post graduation. TFG discuss the radical alternatives. \n\nBonus Reading Recommendation: \"the Psychology of Money\" by Morgan Housel. He provides a deep dive into how we became a nation of consumers and following the Jones."}