Latest / Black Box Theory Podcast / BBT #10 Snippet| 43% of Millennials Can't Rationalize Saving Right Now
Transcript
- Thomas: And it's crazy times, but I'm gonna be honest, I think, cause we got to talk about March Madness, but I do want to mention doom spending. Because I understand what doom spending is basically when you just spend money to try to get through life, get through the day. But you know, we talked about this a little bit before, but man, we got to do better, bro. It says 43 % of millennials say they can't rationalize saving money right now and 39 % admit. to doom spending, buying things they don't need to cope with anxiety. Bro, gas is $4 on average across the country. The market is in a correction. What are we doing? What are we doing? ⁓ I understand spending money to have a good time, still have a good time, bro, but you have to think about if there's a future. And if you really don't think there's a point in saving money or that there's no future. change that, man. I see stories all the time, people doing different things, but then I also see these different stories about how AI is destroying everything and how AI is just leaving more to do items than actually getting it done. So I understand. It's a very precarious situation to be in. It's a very depressing situation to be in. I actually was just on LinkedIn and saw many of my college classmates have open to work banners and very intelligent people. This is not a dist- Malcolm: crazy. Thomas: It has literally nothing to do with It's just an observation. People I graduated with who are very intelligent, very skilled, very able and qualified for jobs, still struggling to achieve them. there's larger issues here, but there's ways to make amends. There's ways to fix things. I don't know what those are necessarily. I wish I did. Life is not perfect at all, but yeah, I don't know, man. Malcolm: Yeah, Corporate greed ain't going nowhere. ⁓ Thomas: Hey, sometimes I think the Joker wasn't wrong. Malcolm: Nah, I'm not gonna say it, bro. It's scary times right now. I understand, like, I don't think this is nearly on the scale of, like, a 2008 type of crisis, but I can understand good and well what people really like, panic and just sell everything and just... It's just like, bro, like, what do you do when you just see your money getting evaporated every day in your portfolio and you're like, I don't know, dog. That's scary. Thomas: It's scary, man. gotta put your money in certain things. I I really don't even know nothing to say for it now. Real estate is cut. Everything is not good. ⁓ But I had the chance to speak to ⁓ some people coming out into the college graduating classes and everything. We would love to hear what you have to say. Like, share, subscribe, comment, let us know what's going on. Email us. Email's available in our bio everywhere. find it, man, contact us. And for all our people internationally, man, let us know what you guys want to know as well. I don't know if you guys are really international or if it's a VPN, but we want to hear from you. Talk to us. ⁓ But I had a chance to speak with some people and man, never think you're above a job, bro. Like I know some people who think they're too good for certain jobs and I know some people who just be happy to have a job. You have to get your foot in the door. get out your comfort zone. If you wanna, if you're from Ohio and you want a job in Ohio, but the only job offer is in Bellevue, Washington, and you don't wanna go there, man, I can tell you from firsthand experience, Just sometimes a little bit of belt is better than a little bit of poverty. You know what I mean?