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Why You Keep Buying Things You Don't Need Online · Making Cents

• 0:02
  Hey
• 0:02
  team,
• 0:02
  look,
• 0:03
  you
• 0:03
  don't
• 0:03
  need
• 0:03
  me
• 0:03
  to
• 0:04
  tell
• 0:04
  you
• 0:04
  the
• 0:04
  social
• 0:05
  media
• 0:05
  scroll
• 0:06
  can
• 0:06
  be
• 0:06
  so
• 0:07
  dangerous
• 0:07
  for
• 0:07
  your
• 0:08
  wallet.
• 0:08
  You
• 0:08
  weren't
• 0:09
  planning
• 0:09
  to
• 0:09
  buy
• 0:09
  anything,
• 0:10
  then.
• 0:10
  You
• 0:10
  were
• 0:10
  scrolling
• 0:11
  and
• 0:11
  now
• 0:11
  there's
• 0:11
  something
• 0:12
  in
• 0:12
  your
• 0:12
  cart.
• 0:12
  And
• 0:13
  this
• 0:13
  happens
• 0:14
  to
• 0:14
  most
• 0:14
  of
• 0:15
  us.
• 0:15
  The
• 0:15
  problem
• 0:15
  isn't
• 0:16
  actually
• 0:16
  necessarily
• 0:17
  that
• 0:17
  we're
• 0:17
  bad
• 0:17
  with
• 0:17
  money.
• 0:18
  The
• 0:18
  problem
• 0:19
  is
• 0:20
  that
• 0:20
  spending
• 0:20
  has
• 0:21
  never
• 0:21
  been
• 0:21
  easier
• 0:22
  or
• 0:22
  more
• 0:23
  engineered,
• 0:24
  frankly,
• 0:24
  especially
• 0:26
  when
• 0:26
  you're
• 0:26
  online.
• 0:27
  And
• 0:27
  there's
• 0:27
  some
• 0:28
  new
• 0:28
  research
• 0:28
  out
• 0:29
  from
• 0:29
  the
• 0:29
  global
• 0:29
  fintech
• 0:30
  revolute,
• 0:30
  which
• 0:31
  really
• 0:31
  puts
• 0:31
  some
• 0:32
  numbers
• 0:32
  on
• 0:32
  what
• 0:32
  most
• 0:32
  of
• 0:32
  us
• 0:33
  already
• 0:33
  feel.
• 0:34
  61%
• 0:35
  of
• 0:36
  New
• 0:36
  Zealanders
• 0:37
  make
• 0:37
  purchases
• 0:38
  on
• 0:39
  a
• 0:39
  monthly
• 0:39
  basis
• 0:40
  triggered
• 0:40
  by
• 0:41
  social
• 0:41
  media
• 0:41
  ads.
• 0:42
  And
• 0:42
  the
• 0:43
  problem
• 0:43
  is
• 0:44
  just
• 0:44
  about
• 0:44
  half
• 0:45
  of
• 0:45
  us
• 0:45
  then
• 0:46
  go
• 0:46
  on
• 0:46
  to
• 0:46
  regret
• 0:47
  that.
• 0:48
  It's
• 0:48
  not
• 0:48
  that
• 0:49
  we're
• 0:49
  stupid,
• 0:50
  it's
• 0:50
  that
• 0:51
  there's
• 0:51
  a
• 0:51
  really
• 0:51
  big
• 0:52
  wall
• 0:52
  for
• 0:52
  your
• 0:52
  wallet
• 0:53
  and
• 0:53
  some
• 0:53
  of
• 0:54
  the
• 0:54
  tricks
• 0:54
  used
• 0:54
  online
• 0:55
  aren't
• 0:55
  very
• 0:56
  fair.
• 0:56
  So
• 0:57
  the
• 0:57
  lovely
• 0:57
  team
• 0:57
  at
• 0:58
  breakfast
• 0:58
  asked
• 0:58
  me
• 0:59
  to
• 0:59
  come
• 0:59
  on
• 0:59
  and
• 1:00
  talk
• 1:00
  about
• 1:00
  this
• 1:00
  research
• 1:01
  and
• 1:01
  then
• 1:02
  not
• 1:02
  only
• 1:02
  how
• 1:03
  this
• 1:03
  system
• 1:03
  works,
• 1:04
  but
• 1:04
  how
• 1:04
  we
• 1:05
  can
• 1:05
  fight
• 1:06
  back.
• 1:06
  And
• 1:07
  I
• 1:07
  dug
• 1:07
  into
• 1:07
  that
• 1:07
  with
• 1:08
  them.
• 1:08
  They
• 1:08
  were
• 1:09
  kind
• 1:09
  enough
• 1:09
  to
• 1:09
  say
• 1:09
  I
• 1:09
  could
• 1:10
  put
• 1:10
  that
• 1:10
  conversation
• 1:10
  here
• 1:11
  for
• 1:11
  you
• 1:11
  as
• 1:11
  well.
• 1:12
  So
• 1:12
  enjoy.
• 1:18
  We
• 1:18
  weren't
• 1:18
  planning
• 1:18
  on
• 1:19
  buying
• 1:19
  anything,
• 1:19
  just
• 1:19
  a
• 1:20
  quick
• 1:20
  scroll,
• 1:20
  a
• 1:20
  couple
• 1:21
  of
• 1:21
  videos
• 1:21
  here,
• 1:21
  right?
• 1:22
  Maybe
• 1:22
  a
• 1:22
  laugh,
• 1:23
  maybe
• 1:23
  a
• 1:23
  like,
• 1:23
  and
• 1:23
  then
• 1:23
  suddenly
• 1:24
  it's
• 1:24
  sitting
• 1:25
  in
• 1:25
  your
• 1:25
  shopping
• 1:25
  cart.
• 1:26
  Sound
• 1:26
  familiar?
• 1:27
  New
• 1:27
  research
• 1:27
  from
• 1:28
  fintech
• 1:28
  company
• 1:28
  Revolut
• 1:29
  alongside
• 1:29
  YouGov
• 1:30
  reveals
• 1:30
  a
• 1:31
  striking
• 1:31
  trend.
• 1:32
  61%
• 1:33
  of
• 1:33
  New
• 1:33
  Zealanders
• 1:34
  admit
• 1:34
  they
• 1:34
  regularly
• 1:35
  make
• 1:35
  purchases
• 1:36
  triggered
• 1:36
  by
• 1:37
  social
• 1:37
  media
• 1:37
  ads,
• 1:38
  with
• 1:38
  some
• 1:39
  people
• 1:39
  spending
• 1:39
  up
• 1:39
  to
• 1:40
  $500
• 1:41
  a
• 1:41
  month.
• 1:41
  For
• 1:41
  more,
• 1:42
  independent
• 1:42
  financial
• 1:42
  journalist
• 1:43
  Francis
• 1:43
  Cook
• 1:44
  joins
• 1:44
  us
• 1:44
  now.
• 1:44
  Frances,
• 1:45
  good
• 1:45
  morning.
• 1:45
  61%.
• 1:47
  Does
• 1:47
  that
• 1:47
  mean
• 1:47
  that
• 1:47
  most
• 1:48
  of
• 1:48
  us
• 1:48
  are
• 1:48
  suckers?
• 1:49
  Yeah.
• 1:49
  And
• 1:50
  the
• 1:50
  worst
• 1:50
  part
• 1:50
  is
• 1:50
  as
• 1:50
  well
• 1:51
  that
• 1:51
  almost
• 1:51
  half
• 1:51
  of
• 1:51
  us
• 1:51
  then
• 1:52
  go
• 1:52
  on
• 1:52
  to
• 1:52
  regret
• 1:52
  it.
• 1:53
  So,
• 1:53
  okay,
• 1:53
  if
• 1:53
  this
• 1:53
  is
• 1:54
  in
• 1:54
  your
• 1:54
  budget
• 1:54
  and
• 1:55
  it's
• 1:55
  working
• 1:55
  out
• 1:56
  for
• 1:56
  fine,
• 1:56
  but
• 1:57
  if
• 1:57
  you're
• 1:57
  then
• 1:57
  going
• 1:57
  on
• 1:57
  to
• 1:57
  regret
• 1:58
  it,
• 1:58
  you're
• 1:58
  feeling
• 1:58
  bad
• 1:59
  and
• 1:59
  you're
• 1:59
  thinking,
• 1:59
  actually
• 1:59
  I
• 2:00
  was
• 2:00
  supposed
• 2:00
  to
• 2:00
  be
• 2:00
  staying
• 2:01
  on
• 2:01
  a
• 2:01
  budget
• 2:01
  and
• 2:01
  it's
• 2:01
  not
• 2:01
  working
• 2:02
  out
• 2:02
  for
• 2:02
  me.
• 2:02
  That
• 2:03
  kind
• 2:03
  of
• 2:03
  sucks.
• 2:04
  And
• 2:04
  I
• 2:04
  think
• 2:04
  the
• 2:04
  trick
• 2:05
  here
• 2:05
  is
• 2:05
  it's
• 2:05
  the
• 2:05
  online
• 2:06
  shopping,
• 2:07
  because
• 2:07
  online
• 2:07
  shopping,
• 2:09
  they
• 2:09
  use
• 2:09
  something
• 2:10
  called
• 2:10
  dark
• 2:10
  patents,
• 2:11
  which
• 2:11
  is
• 2:11
  all
• 2:12
  totally
• 2:12
  legal.
• 2:13
  Well,
• 2:13
  at
• 2:13
  least
• 2:13
  in
• 2:13
  New
• 2:14
  Zealand,
• 2:14
  some
• 2:14
  of
• 2:14
  these
• 2:14
  tactics
• 2:15
  aren't
• 2:15
  allowed
• 2:15
  overseas,
• 2:16
  but
• 2:16
  it's
• 2:16
  totally
• 2:17
  legal
• 2:17
  here
• 2:17
  in
• 2:17
  New
• 2:17
  Zealand.
• 2:18
  But
• 2:18
  it's
• 2:18
  just
• 2:18
  super
• 2:19
  manipulative
• 2:20
  things
• 2:20
  like
• 2:20
  countdown
• 2:21
  timers
• 2:21
  to
• 2:22
  put
• 2:22
  the
• 2:22
  pressure
• 2:22
  on
• 2:23
  it's
• 2:24
  things,
• 2:24
  right?
• 2:24
  It's,
• 2:25
  you
• 2:25
  know,
• 2:25
  when
• 2:25
  it's
• 2:25
  really,
• 2:26
  really
• 2:26
  hard
• 2:26
  to
• 2:26
  unsubscribe.
• 2:27
  We've
• 2:27
  all
• 2:27
  been
• 2:28
  there.
• 2:28
  You're
• 2:28
  trying
• 2:28
  to
• 2:28
  cancel
• 2:29
  a
• 2:29
  service
• 2:29
  and
• 2:29
  you're
• 2:29
  going
• 2:30
  through
• 2:30
  layers
• 2:30
  and
• 2:30
  layers
• 2:30
  and
• 2:31
  layers
• 2:31
  of
• 2:31
  it.
• 2:31
  And
• 2:32
  it's
• 2:32
  almost
• 2:32
  like
• 2:32
  as
• 2:33
  if
• 2:33
  you
• 2:33
  walked
• 2:33
  into
• 2:33
  a
• 2:33
  shop
• 2:34
  in
• 2:34
  real
• 2:34
  life
• 2:34
  and
• 2:35
  as
• 2:35
  soon
• 2:35
  as
• 2:35
  you
• 2:35
  walk
• 2:35
  in
• 2:36
  the
• 2:36
  door,
• 2:36
  they're
• 2:36
  putting
• 2:36
  stuff
• 2:36
  in
• 2:37
  behind
• 2:37
  you,
• 2:37
  so
• 2:37
  it's
• 2:37
  hard
• 2:38
  to
• 2:38
  get
• 2:38
  out.
• 2:38
  That's
• 2:39
  kind
• 2:39
  of
• 2:39
  the
• 2:39
  online
• 2:39
  equivalent.
• 2:40
  It's
• 2:40
  super
• 2:40
  manipulative
• 2:41
  online.
• 2:42
  Included
• 2:42
  in
• 2:43
  dark
• 2:43
  pattern.
• 2:43
  I
• 2:44
  was
• 2:44
  going
• 2:44
  to
• 2:44
  say
• 2:44
  dark
• 2:44
  arts.
• 2:44
  It
• 2:45
  kind
• 2:45
  of
• 2:45
  is
• 2:45
  dark
• 2:45
  arts.
• 2:45
  Right.
• 2:46
  When
• 2:46
  you
• 2:46
  click
• 2:46
  it.
• 2:46
  Let's
• 2:46
  look.
• 2:46
  And
• 2:47
  you
• 2:47
  want
• 2:47
  to
• 2:47
  buy
• 2:47
  a
• 2:47
  T
• 2:47
  shirt.
• 2:47
  Right.
• 2:48
  You
• 2:48
  click
• 2:48
  on
• 2:48
  the
• 2:48
  T
• 2:48
  shirt
• 2:48
  and
• 2:49
  it
• 2:49
  says
• 2:50
  10
• 2:50
  people
• 2:50
  are
• 2:50
  looking
• 2:50
  at
• 2:50
  this
• 2:51
  right
• 2:51
  now,
• 2:51
  sort
• 2:52
  of
• 2:52
  flashing
• 2:52
  there
• 2:53
  saying
• 2:53
  low
• 2:54
  stock,
• 2:55
  kind
• 2:55
  of
• 2:55
  warning
• 2:55
  bells.
• 2:56
  Right.
• 2:56
  Saying
• 2:56
  you
• 2:56
  gotta
• 2:56
  get
• 2:57
  this
• 2:57
  quickly,
• 2:57
  people
• 2:57
  are
• 2:58
  gonna
• 2:58
  get
• 2:58
  it
• 2:58
  otherwise.
• 2:59
  Exactly.
• 2:59
  That's
• 2:59
  a
• 3:00
  classic
• 3:00
  dark
• 3:00
  pattern.
• 3:01
  And
• 3:01
  as
• 3:01
  well,
• 3:02
  it's
• 3:02
  really
• 3:02
  hard
• 3:03
  because
• 3:03
  then
• 3:03
  these
• 3:03
  ads
• 3:04
  will
• 3:04
  track
• 3:04
  you
• 3:04
  and
• 3:04
  they're
• 3:05
  going
• 3:05
  all
• 3:05
  around
• 3:05
  the
• 3:05
  Internet
• 3:06
  following
• 3:06
  you.
• 3:07
  So
• 3:07
  you've
• 3:07
  really
• 3:07
  got
• 3:07
  to.
• 3:08
  One
• 3:08
  of
• 3:08
  the
• 3:08
  problems
• 3:08
  with
• 3:08
  these
• 3:09
  social
• 3:09
  media
• 3:09
  purchases
• 3:10
  is
• 3:10
  it's
• 3:10
  too
• 3:10
  easy.
• 3:11
  So
• 3:11
  you've
• 3:12
  kind
• 3:12
  of
• 3:12
  got
• 3:12
  to
• 3:12
  fight
• 3:12
  back.
• 3:13
  One
• 3:13
  of
• 3:13
  the
• 3:13
  ways
• 3:13
  that
• 3:14
  you
• 3:14
  can
• 3:14
  take
• 3:14
  control
• 3:14
  of
• 3:14
  your
• 3:14
  budget
• 3:15
  again
• 3:15
  is
• 3:16
  putting
• 3:16
  the
• 3:16
  friction
• 3:17
  back
• 3:17
  in.
• 3:18
  And
• 3:18
  it
• 3:18
  can
• 3:18
  be
• 3:18
  really
• 3:18
  simple
• 3:19
  stuff
• 3:19
  like
• 3:20
  unsaving
• 3:20
  your
• 3:20
  credit
• 3:21
  card
• 3:21
  info
• 3:21
  from
• 3:22
  your
• 3:22
  phone.
• 3:22
  Do
• 3:22
  you
• 3:22
  know
• 3:22
  the
• 3:23
  amount
• 3:23
  of
• 3:23
  money
• 3:23
  I've
• 3:23
  saved
• 3:24
  just
• 3:24
  because
• 3:24
  I
• 3:24
  don't
• 3:24
  want
• 3:24
  to
• 3:25
  get
• 3:25
  off
• 3:25
  the
• 3:25
  couch
• 3:25
  and
• 3:26
  go
• 3:27
  use
• 3:27
  my
• 3:27
  cash?
• 3:28
  100%.
• 3:28
  Yeah.
• 3:29
  It's
• 3:29
  so
• 3:29
  good.
• 3:29
  So
• 3:30
  lovely
• 3:30
  when
• 3:30
  it's
• 3:30
  just
• 3:30
  there
• 3:31
  though
• 3:31
  as
• 3:31
  well,
• 3:31
  isn't
• 3:31
  it?
• 3:32
  Do
• 3:33
  you
• 3:33
  have
• 3:33
  to
• 3:33
  remember
• 3:33
  your
• 3:34
  credit
• 3:34
  card
• 3:34
  details
• 3:34
  for
• 3:35
  next
• 3:35
  time?
• 3:35
  Absolutely.
• 3:37
  Exactly.
• 3:38
  So
• 3:38
  you're
• 3:38
  putting
• 3:38
  that
• 3:39
  friction
• 3:39
  back
• 3:40
  into
• 3:40
  it
• 3:40
  to
• 3:40
  make
• 3:41
  it
• 3:41
  a
• 3:41
  little
• 3:41
  bit
• 3:41
  harder
• 3:41
  for
• 3:42
  yourself.
• 3:43
  And
• 3:43
  also
• 3:43
  things
• 3:44
  like
• 3:44
  they
• 3:44
  get
• 3:44
  you
• 3:45
  when
• 3:45
  you're
• 3:45
  tired,
• 3:46
  when
• 3:46
  you're
• 3:46
  feeling
• 3:46
  a
• 3:47
  little
• 3:47
  bit
• 3:47
  tired
• 3:47
  and
• 3:47
  worn
• 3:47
  down
• 3:48
  at
• 3:48
  the
• 3:48
  end
• 3:48
  of
• 3:48
  the
• 3:48
  night.
• 3:48
  I
• 3:49
  mean
• 3:49
  the
• 3:49
  old
• 3:49
  social
• 3:49
  media
• 3:49
  scroll
• 3:50
  on
• 3:50
  the
• 3:50
  couch
• 3:50
  at
• 3:51
  the
• 3:51
  end
• 3:51
  of
• 3:51
  the
• 3:51
  night.
• 3:51
  We
• 3:51
  do
• 3:51
  love
• 3:52
  it.
• 3:52
  But
• 3:52
  that's
• 3:53
  really
• 3:53
  when
• 3:53
  you're
• 3:53
  likely
• 3:53
  to
• 3:54
  impulse
• 3:54
  buy.
• 3:54
  If
• 3:55
  you
• 3:55
  are
• 3:55
  scrolling,
• 3:55
  you're
• 3:55
  also
• 3:56
  likely
• 3:56
  to
• 3:56
  be
• 3:56
  in
• 3:56
  a
• 3:56
  position
• 3:57
  where
• 3:57
  you
• 3:57
  are,
• 3:58
  you
• 3:58
  know,
• 3:59
  you're
• 3:59
  vulnerable
• 4:00
  to
• 4:00
  that
• 4:00
  sort
• 4:00
  of
• 4:00
  thing.
• 4:00
  Right.
• 4:01
  It's
• 4:01
  a
• 4:01
  quick
• 4:01
  dopamine
• 4:02
  hit.
• 4:03
  It's
• 4:03
  cheap,
• 4:03
  it's
• 4:03
  easy,
• 4:04
  but
• 4:04
  it's
• 4:04
  actually
• 4:04
  not
• 4:04
  that
• 4:05
  cheap
• 4:05
  for
• 4:05
  your
• 4:05
  wallet.
• 4:06
  And
• 4:06
  another
• 4:07
  thing
• 4:07
  that
• 4:07
  can
• 4:07
  be
• 4:07
  good,
• 4:08
  There
• 4:08
  is
• 4:08
  a
• 4:08
  48
• 4:09
  hour
• 4:09
  pause
• 4:09
  if
• 4:10
  you
• 4:10
  put
• 4:10
  in
• 4:10
  a
• 4:10
  rule.
• 4:11
  Yeah.
• 4:11
  But
• 4:11
  if
• 4:11
  it's
• 4:11
  flashing
• 4:12
  at
• 4:12
  you
• 4:12
  saying
• 4:12
  it's
• 4:12
  going
• 4:12
  soon,
• 4:13
  48
• 4:13
  hours,
• 4:13
  that's
• 4:14
  too
• 4:14
  long.
• 4:14
  That's
• 4:15
  why
• 4:15
  they're
• 4:15
  getting
• 4:15
  you.
• 4:16
  And
• 4:16
  also
• 4:16
  that
• 4:16
  stuff
• 4:17
  is
• 4:17
  often
• 4:17
  alarm.
• 4:19
  So
• 4:19
  you
• 4:19
  put
• 4:20
  in
• 4:20
  that
• 4:20
  pause
• 4:20
  and
• 4:20
  you
• 4:20
  say,
• 4:20
  okay,
• 4:21
  new
• 4:21
  rule.
• 4:21
  I
• 4:21
  can
• 4:21
  have
• 4:22
  it
• 4:22
  if
• 4:22
  I
• 4:22
  want
• 4:22
  it.
• 4:23
  Still
• 4:23
  in
• 4:23
  48
• 4:24
  hours,
• 4:24
  the
• 4:25
  number
• 4:25
  of
• 4:25
  times
• 4:25
  you'll
• 4:26
  find
• 4:26
  you
• 4:26
  don't
• 4:26
  want
• 4:26
  it
• 4:26
  anymore.
• 4:27
  How
• 4:28
  do
• 4:28
  people
• 4:28
  actually
• 4:28
  identify
• 4:29
  that
• 4:29
  they
• 4:29
  are
• 4:29
  doing
• 4:29
  this?
• 4:30
  You
• 4:30
  know,
• 4:30
  that
• 4:31
  they're
• 4:31
  actually
• 4:31
  leaking
• 4:32
  money?
• 4:32
  This
• 4:32
  is
• 4:33
  the
• 4:33
  issue,
• 4:33
  right?
• 4:33
  As
• 4:33
  well.
• 4:34
  So
• 4:34
  it
• 4:34
  plays
• 4:34
  into
• 4:35
  when
• 4:35
  you're
• 4:35
  tired,
• 4:35
  when
• 4:36
  you're
• 4:36
  a
• 4:36
  little
• 4:36
  bit
• 4:36
  less
• 4:37
  resistant.
• 4:37
  And
• 4:38
  also
• 4:39
  the
• 4:39
  categories
• 4:39
  that
• 4:40
  they
• 4:40
  found
• 4:40
  in
• 4:40
  this
• 4:40
  revolut
• 4:41
  research
• 4:41
  was
• 4:41
  super
• 4:41
  interesting
• 4:42
  because
• 4:42
  I
• 4:42
  think
• 4:42
  that
• 4:42
  also
• 4:43
  shows
• 4:43
  us
• 4:43
  what's
• 4:43
  happening.
• 4:44
  So
• 4:44
  the
• 4:44
  biggest
• 4:45
  spend
• 4:45
  was
• 4:46
  clothing,
• 4:47
  then
• 4:47
  electronics,
• 4:48
  then
• 4:48
  skin
• 4:48
  care.
• 4:49
  So
• 4:49
  it's
• 4:49
  all
• 4:49
  of
• 4:50
  those
• 4:50
  things
• 4:50
  that
• 4:50
  play
• 4:51
  into
• 4:51
  that
• 4:51
  quick
• 4:52
  dopamine
• 4:52
  hit
• 4:53
  or
• 4:53
  also
• 4:54
  status
• 4:55
  feeling
• 4:55
  like
• 4:55
  you're,
• 4:56
  you
• 4:56
  know,
• 4:56
  a
• 4:56
  bit
• 4:56
  better,
• 4:56
  a
• 4:56
  bit
• 4:57
  more
• 4:57
  elevated.
• 4:58
  And
• 4:58
  so
• 4:58
  what
• 4:58
  you
• 4:59
  really
• 4:59
  want
• 4:59
  to
• 4:59
  do
• 5:00
  to
• 5:00
  fight
• 5:00
  back
• 5:01
  long
• 5:01
  term
• 5:02
  is
• 5:03
  if
• 5:03
  you
• 5:03
  are
• 5:03
  thinking
• 5:04
  about
• 5:04
  what
• 5:04
  really,
• 5:04
  truly
• 5:05
  adds
• 5:05
  to
• 5:05
  your
• 5:05
  life.
• 5:05
  Because,
• 5:06
  okay,
• 5:07
  fine,
• 5:07
  if
• 5:07
  you
• 5:08
  want
• 5:08
  this
• 5:08
  stuff,
• 5:08
  have
• 5:09
  it,
• 5:09
  great.
• 5:10
  But
• 5:10
  if
• 5:10
  it's
• 5:10
  not
• 5:10
  adding
• 5:10
  to
• 5:10
  your
• 5:11
  life
• 5:11
  and
• 5:11
  you're
• 5:11
  having
• 5:11
  regret
• 5:12
  afterwards,
• 5:13
  then
• 5:13
  that's
• 5:13
  really
• 5:14
  not
• 5:14
  worth
• 5:14
  it.
• 5:14
  But
• 5:14
  it's
• 5:15
  hard
• 5:15
  to
• 5:15
  tell
• 5:15
  in
• 5:16
  the
• 5:16
  moment.
• 5:17
  So
• 5:17
  you
• 5:17
  want
• 5:18
  to
• 5:18
  think
• 5:18
  about
• 5:18
  what's
• 5:18
  adding
• 5:19
  to
• 5:19
  your
• 5:19
  life,
• 5:19
  what's
• 5:19
  not
• 5:20
  putting
• 5:20
  in
• 5:21
  those
• 5:21
  pauses
• 5:21
  for
• 5:21
  even
• 5:21
  longer.
• 5:22
  Some
• 5:22
  people
• 5:22
  will
• 5:22
  do
• 5:22
  a
• 5:23
  whole
• 5:23
  no
• 5:23
  spending
• 5:24
  month,
• 5:24
  which
• 5:24
  is
• 5:25
  quite
• 5:25
  intense.
• 5:26
  That's
• 5:26
  when
• 5:26
  you're
• 5:27
  not
• 5:27
  allowed
• 5:27
  to
• 5:27
  spend
• 5:28
  anything
• 5:28
  except
• 5:28
  your
• 5:29
  groceries
• 5:29
  and
• 5:29
  your
• 5:29
  utilities
• 5:30
  for
• 5:31
  a
• 5:31
  whole
• 5:31
  month.
• 5:32
  And
• 5:32
  that
• 5:32
  can
• 5:32
  really
• 5:33
  force
• 5:33
  you
• 5:33
  to
• 5:33
  think
• 5:33
  about
• 5:33
  what's
• 5:34
  adding
• 5:34
  to
• 5:34
  my
• 5:34
  life.
• 5:34
  What
• 5:35
  do
• 5:35
  I
• 5:35
  actually
• 5:35
  miss
• 5:35
  and
• 5:35
  what
• 5:36
  do
• 5:36
  I
• 5:36
  not
• 5:36
  miss?
• 5:37
  If
• 5:37
  that
• 5:37
  sounds
• 5:38
  a
• 5:38
  little
• 5:38
  intense,
• 5:38
  that
• 5:39
  is
• 5:39
  quite
• 5:39
  intense.
• 5:39
  A
• 5:39
  whole
• 5:40
  month.
• 5:40
  You
• 5:40
  can
• 5:40
  do
• 5:41
  financial
• 5:41
  fasting,
• 5:42
  so
• 5:42
  pick
• 5:42
  one
• 5:43
  day
• 5:43
  a
• 5:43
  week
• 5:43
  and
• 5:44
  you
• 5:44
  just
• 5:44
  don't
• 5:44
  spend
• 5:45
  anything
• 5:45
  that
• 5:46
  day.
• 5:47
  This
• 5:47
  is
• 5:47
  resetting,
• 5:48
  isn't
• 5:48
  it?
• 5:48
  When
• 5:48
  you
• 5:48
  get
• 5:48
  to
• 5:49
  the
• 5:49
  end
• 5:49
  of
• 5:49
  the
• 5:49
  day
• 5:49
  and
• 5:49
  you
• 5:49
  know
• 5:50
  that
• 5:50
  you
• 5:50
  haven't
• 5:50
  spent
• 5:50
  money,
• 5:52
  is
• 5:52
  there
• 5:52
  a
• 5:52
  cheat.
• 5:52
  Day
• 5:53
  where
• 5:53
  you
• 5:53
  can
• 5:53
  just
• 5:53
  binge
• 5:53
  though?
• 5:54
  That's
• 5:54
  half
• 5:54
  the
• 5:54
  problem.
• 5:55
  Just
• 5:55
  before
• 5:55
  you
• 5:56
  go,
• 5:56
  who
• 5:56
  is
• 5:56
  most
• 5:56
  susceptible
• 5:57
  here?
• 5:57
  Is
• 5:57
  it
• 5:58
  Gen
• 5:58
  Z?
• 5:58
  Because
• 5:58
  they're
• 5:59
  online
• 5:59
  more?
• 6:00
  Well,
• 6:00
  yeah.
• 6:00
  And
• 6:01
  I
• 6:01
  think
• 6:01
  as
• 6:01
  well,
• 6:01
  when
• 6:01
  you
• 6:03
  a
• 6:03
  little
• 6:03
  bit
• 6:03
  less
• 6:03
  life
• 6:03
  experience,
• 6:04
  you're
• 6:04
  less
• 6:04
  used
• 6:05
  to
• 6:05
  being
• 6:05
  like,
• 6:05
  okay,
• 6:06
  knowing
• 6:06
  yourself
• 6:06
  and
• 6:07
  knowing
• 6:07
  how
• 6:07
  to
• 6:07
  put
• 6:07
  those
• 6:08
  barriers
• 6:08
  in.
• 6:09
  Yeah,
• 6:09
  exactly.
• 6:10
  So,
• 6:10
  yeah,
• 6:10
  Gen
• 6:10
  Z
• 6:11
  has
• 6:11
  hit
• 6:11
  the
• 6:11
  worst
• 6:11
  by
• 6:11
  it,
• 6:11
  but
• 6:12
  we're
• 6:12
  all
• 6:12
  guilty
• 6:12
  of
• 6:12
  it.
• 6:13
  All
• 6:13
  right,
• 6:13
  Francis
• 6:13
  Cook,
• 6:13
  thank
• 6:14
  you
• 6:14
  so
• 6:14
  much
• 6:14
  for
• 6:14
  joining
• 6:14
  us.
• 6:15
  This
• 6:16
  podcast
• 6:16
  can
• 6:16
  only
• 6:17
  give
• 6:17
  you
• 6:17
  general
• 6:17
  information
• 6:18
  about
• 6:18
  how
• 6:18
  things
• 6:19
  work.
• 6:19
  In
• 6:19
  most
• 6:20
  situations,
• 6:21
  it's
• 6:21
  not
• 6:21
  individual
• 6:22
  financial
• 6:22
  advice.
• 6:23
  If
• 6:23
  you're
• 6:24
  after
• 6:24
  that,
• 6:24
  a
• 6:24
  financial
• 6:25
  advisor
• 6:25
  is
• 6:26
  always
• 6:26
  the
• 6:26
  best
• 6:26
  bet.