Financial Literacy & The Social Media Generation | Nelson Soh | TEDxGrandviewHeights

In Financial Literacy & The Social Media Generation, Nelson Soh posits that the generation born in and after 1985 is unique because of its sense of entitlement, need for instant gratification and access to easy credit. These characteristics have resulted in a generation that is entitled, egotistical, easily persuaded by social media, addicted to material things, and financially illiterate.
In Financial Literacy & The Social Media Generation, Nelson’s idea-worth-spreading is that his generation must make financial literacy an urgent priority. Nelson believes that becoming financially literate creates life-changing opportunities. Failing to do so will have dire consequences.

[patrickH]

To be clear, working just for the money is not the issue. The issue is working for money for the show.
Becoming financially literate is about deeply introspecting the reason of your purchases and fully understanding the opportunity cost.
It does not mean you should never spend on things you don't need, like good cars or vacations.
It means if you are to spend, be honest to yourself about why you spend, and convince yourself that even if the debt deters you from other important life goals, you approve the spend.

[MissInternasionalz]

Nelson, you are describing my life just in a different scenario and I'm in the process of what you have become. Thank you for sharing. I'm feeling hopeful.

[theresaquiera]

The act of overseeing all these transactions for a business is what we mean when we talk about a company’s financial management.

[rgokkkp]

The video is very helpful for me as a person who have entered the early years of my adulthood. It is true that with the influence of social media, big ego and a sense of entitlement and easy access to credit, people's judgement are covered up with instant satisfaction of material things, attention from others from social media which make make purchases of unnecessary things and eventually be locked into bad debt. I really don't want myself one day will get into that same situation. Thank you Nelson for giving such educational speech!

[laraethan]

If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has exhausted. Investment is a ladder to climb the financial wall.

[nathankwan]

100% agree on our current generation being too attached to instant gratification – I still struggle with this on and off myself as well. Finding purpose and validation from within instead of externally makes life so much more fulfilling! Thank you for sharing your wisdom brother!!

[ktgiang]

It's nice that he's learned all of the fancy trigger terms, but a ted talk typically takes one of those concepts and really breaks it down and makes us think.

His message was just that he liked social media too much and is easily influenced. I'm from the same generation and I know how to ask - - do I really need to add to cart?

[habby_stroogles]

Hey Nelson,
Loved the way u conveyed the speech, really motivates me everytime I watch. Looking forward to more such Ted talks.

[KayyCNicoleTv]

This was so good ! And extremely helpful I learned so much in this video it’s so important to be finically literate !!!

[emilyau]

I haven't been materialistic since elementary school.

[yanao]

When I heard that their parents passing down wealth --- I can't relate. Lol. But this is a very helpful talk! Restudying financial education again because I got carried away in the latter pat of 2023~

[betterXdesign]

Your enthusiasm is contagious! Watching your videos is like attending a positivity party. Count me in! 🎉

[colinmah]

Nelson,
This is such a powerful and relevant message. Financial literacy is a subject that should be taught in schools... but isn't. I'll be sure to share this with my students :-)

[ovesture.official]

Such an important topic! Thank you for sharing!

[newtonocharimenyenya]

Great Insight, Sir. Much Appreciated.

[donaldmondragon]

Nelson, this is a message applicable to a majority of individuals in your generation. Financial literacy as you point out brings freedom and relief. Relief not just from indebtedness, but relief from worry, fear, and uncertainty related to paying bills and not being able to save and invest. You also address so eloquently the issue of FOMO, fear of missing out, and how social media has propagated FOMO. Social media breeds discontent, if we are constantly comparing ourselves to the "perfect" lives of others online. Spoiler Alert: no one's life is perfect no matter how good they make it look on social media! Well done, Nelson.

[daryldevonish]

What a great message! Every kid should listen to this. In fact, I'm going to make sure mine do today. Thanks for sharing Nelson...!

[jeffborden]

Good job Nelson. Understanding money really is key, and its just not taught enough in our schools. Great to see your passion and dedication to the subject.

[Mihir_Dwi]

Amazing talk, every youngester should watch

[JonathanMWong]

Great talk Nelson. Definitely makes me think twice about how I want to raise my son in terms of financial literacy in this social media world. Hope you keep on spreading this important message.