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Avoid The Trap Of Materialism To Be Successful
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How do you avoid materialistic tendencies to achieve success? In this video, we cover 10 practical tips. So, buckle up as we get started.
📌00:00 Avoid The Trap of Materialism to Be Successful📌
00:47 1- Create a Budget
One of the surest ways to spend more than is prudent is not following a budget. A budget basically acts as a plan for all your expenditure before money checks into your account. So, once it does, you know what should go to what and how much you’ll have remaining.
01:23 2 - Automate Your Saving and Investment Plan
Materialistic habits will have you planning to save/ invest and not really see it through. Once the money hits your account, you’ll be thinking about that expensive item you want to purchase.
And the vicious cycle can continue even when your income increases.
So, the best thing you can do to instill discipline in yourself is to automate your financial plan.
01:59 3 - Create Goals and Challenge Yourself
In many cases, you fall into the materialistic trap of trying to fill a void in your life. So, it may actually help to have goals, and short-term milestones, to keep you occupied, focused, and inspired.
Start by envisioning where you desire to be, say five years, and work your way backward.
02:33 4 - Tempted to Make a Big Purchase? Sleep on it
Have you ever walked into a mall to buy a few things, and you saw something else and just couldn’t resist picking it up? It’s not uncommon to pick up one or two extra items when you visit the store. You’re human, after all.
But when it comes to expensive purchases, this habit can be quite costly and detrimental.
03:14 5 - Stop Viewing Shopping as a Leisure Activity
If you shop whenever you feel bored, it can quickly become addictive, hurting your account and wallet. Shopping isn’t something you do for the sake of it or as a hobby to occupy you when you’re not busy. Apart from using up a good chunk of your disposable income, you end up with a bunch of stuff you don’t actually need.
03:58 6 - Audit the Energy Your Surround Yourself With
Did you know that you are the sum of the five closest people you spend the most time with?
If you keep a circle of positive people, you’ll be positive too. And if your friends are always negative, you’ll be filled with negativity.
04:45 7. Practice Gratitude
A feeling of lacking fuels a materialistic attitude. You want to buy something because you have seen someone else with it and you also want to have it. Once you have that, you move to the next thing on the list.
This thirst for more possessions is unquenchable.
But you can beat it by being grateful. Gratitude is about appreciating everything you already have. When you practice gratitude, you become more mindful of the material things you have been blessed with.
05:27 8. Go Green
Materialism affects not just your pocket and wellbeing but the environment too. The more you purchase material goods, the more you contribute to degradation, either directly through waste or indirectly through increased pollution from the manufacturing industry.
For example, plastic, the biggest environmental challenge we face today, is used in almost all consumer goods. Also, the increased use of modern technologies like vehicles, appliances, and digital devices harms the environment.
06:10 9. Cut Down on Your TV and Social Media Consumption
The increased consumerism can be directly linked to mass digital consumption. In 2022, the average internet user will spend about 147 minutes every day on social media, up from 145 minutes in 2021. Add TV time to that, and you spend hours daily on digital consumption.
Unfortunately, social media and TV is full of materialistic content.
07:03 10. Declutter Your Space
We all have things we hold on to that we don’t really need, so it is important to declutter every once in a while. Declutter clears your space and mind, and if you struggle with materialism, it can help you see just how much stuff you bought in the past you could have done without. Seeing how much you have that you don’t can help keep you from acquiring more.
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Share this video with your friends:
Enjoyed the video? Like and share it with your friends! For more inspiring insights on success and personal finance, subscribe and ring the notifications bell. So, have any lessons you want to add from your own experience? Leave a comment below.
Follow @insightbooth
Welcome To My Channel ‘Insight Booth’
---------------------------------------------------------------------------------------------------
#materialism #materialistic #successful #insightbooth
📌00:00 Avoid The Trap of Materialism to Be Successful📌
00:47 1- Create a Budget
One of the surest ways to spend more than is prudent is not following a budget. A budget basically acts as a plan for all your expenditure before money checks into your account. So, once it does, you know what should go to what and how much you’ll have remaining.
01:23 2 - Automate Your Saving and Investment Plan
Materialistic habits will have you planning to save/ invest and not really see it through. Once the money hits your account, you’ll be thinking about that expensive item you want to purchase.
And the vicious cycle can continue even when your income increases.
So, the best thing you can do to instill discipline in yourself is to automate your financial plan.
01:59 3 - Create Goals and Challenge Yourself
In many cases, you fall into the materialistic trap of trying to fill a void in your life. So, it may actually help to have goals, and short-term milestones, to keep you occupied, focused, and inspired.
Start by envisioning where you desire to be, say five years, and work your way backward.
02:33 4 - Tempted to Make a Big Purchase? Sleep on it
Have you ever walked into a mall to buy a few things, and you saw something else and just couldn’t resist picking it up? It’s not uncommon to pick up one or two extra items when you visit the store. You’re human, after all.
But when it comes to expensive purchases, this habit can be quite costly and detrimental.
03:14 5 - Stop Viewing Shopping as a Leisure Activity
If you shop whenever you feel bored, it can quickly become addictive, hurting your account and wallet. Shopping isn’t something you do for the sake of it or as a hobby to occupy you when you’re not busy. Apart from using up a good chunk of your disposable income, you end up with a bunch of stuff you don’t actually need.
03:58 6 - Audit the Energy Your Surround Yourself With
Did you know that you are the sum of the five closest people you spend the most time with?
If you keep a circle of positive people, you’ll be positive too. And if your friends are always negative, you’ll be filled with negativity.
04:45 7. Practice Gratitude
A feeling of lacking fuels a materialistic attitude. You want to buy something because you have seen someone else with it and you also want to have it. Once you have that, you move to the next thing on the list.
This thirst for more possessions is unquenchable.
But you can beat it by being grateful. Gratitude is about appreciating everything you already have. When you practice gratitude, you become more mindful of the material things you have been blessed with.
05:27 8. Go Green
Materialism affects not just your pocket and wellbeing but the environment too. The more you purchase material goods, the more you contribute to degradation, either directly through waste or indirectly through increased pollution from the manufacturing industry.
For example, plastic, the biggest environmental challenge we face today, is used in almost all consumer goods. Also, the increased use of modern technologies like vehicles, appliances, and digital devices harms the environment.
06:10 9. Cut Down on Your TV and Social Media Consumption
The increased consumerism can be directly linked to mass digital consumption. In 2022, the average internet user will spend about 147 minutes every day on social media, up from 145 minutes in 2021. Add TV time to that, and you spend hours daily on digital consumption.
Unfortunately, social media and TV is full of materialistic content.
07:03 10. Declutter Your Space
We all have things we hold on to that we don’t really need, so it is important to declutter every once in a while. Declutter clears your space and mind, and if you struggle with materialism, it can help you see just how much stuff you bought in the past you could have done without. Seeing how much you have that you don’t can help keep you from acquiring more.
---------------------------------------------------------------------------------------------------
Share this video with your friends:
Enjoyed the video? Like and share it with your friends! For more inspiring insights on success and personal finance, subscribe and ring the notifications bell. So, have any lessons you want to add from your own experience? Leave a comment below.
Follow @insightbooth
Welcome To My Channel ‘Insight Booth’
---------------------------------------------------------------------------------------------------
#materialism #materialistic #successful #insightbooth
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