5. Under-consumption: The Trend That Will Make You Rich

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Financial Hot Girl with Devamsha

Devamsha

6 episodes

2 weeks ago

Not financial advice. Financially HOT advice. A show blending money, mindset, and the self-respect you need to actually build wealth. Hosted by Devamsha, for women who are done playing small with their goals or their income. New episodes every Monday. Subscribe on YouTube for BTS: https://www.youtube.com/@devamsha?sub_confirmation=1 Find us on IG: https://instagram.com/devamsha and https://instagram.com/financialhotgirl Submit questions for Office Hours anonymously: https://tally.so/r/n0j82Q Episode ideas? Feedback? Send them in: info@financialhotgirl.com

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5. Under-consumption: The Trend That Will Make You Rich

Financial Hot Girl with Devamsha

14 minutes 17 seconds

5 months ago

5. Under-consumption: The Trend That Will Make You Rich

Today we're diving deep into under-consumption and mimetic theory - the psychology behind why most of us buy things we don't actually want or need.

I'll explain how copying other people's desires is keeping you stuck in spending patterns that work against your wealth-building goals, and share my three-question framework that's completely transformed my relationship with money.

We'll explore why happiness plateaus after £70,000 annually and why control over your finances matters more than the actual amount you have.

I'm breaking down the real reasons behind impulse purchases, status spending, and social signaling - plus giving you practical tools to build an anti-mimetic spending strategy.

If you've ever wondered why you have a wardrobe full of things you never wear or why you're always chasing the next purchase to feel complete, this episode will change how you think about consumption forever.

0:00 The Poop Test: A TikTok Comment That Changed Everything1:43 Why You Buy Things You Don't Actually Like3:04 Mimetic Theory: The Psychology of Copying Desires4:36 The Belonging Trap That's Keeping You Broke6:27 Why Control Matters More Than Money (After £70k)8:22 My Personal Story: Waiting for Permission to Invest9:06 The Three-Question Anti-Mimetic Framework12:03 Your Challenge: Track and Label Your Purchases13:49 Final Thoughts: Stop Chasing, Start Leading

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🎧 Not financial advice. Financially hot advice. *This content is for educational and informational purposes only and does not constitute financial advice. I am not a financial adviser, and you should always do your own research or speak to a qualified professional before making financial decisions. Investments can go up and down in value and you may get back less than you invest. Capital is at risk.