In this video, Dr. Nitin Chhoda explores the THREE BIG PROBLEMS in the long term for those who are depending on stimulus checks and unemployment benefits.
These 3 big problems hurt financial health:
Any dependence on anything for help (government for stimulus checks is one example) move us away from (financial) independence. In order to be financially dependent, we need to have a greater personal drive, better / additional skills and make ‘financial moves’ to build long-term wealth.
The political gridlock between the red and blue prevents us from learning from each other. Let’s separate politics from personal finance and data that affects our financial health.
The ‘victim mentality’ allows us to shift responsibility away from us, towards others. It leaves us angry and isolated. It prevents us from learning new things and growing financially.