Why It Feels Impossible To Keep Up In Today's Society

In this episode, host Brian Adams sits down with COO Jarrod Arnold to discuss the disconnect between the financial perceptions and realities facing younger generations today. They explore how social media, ‘keeping up with the Joneses’ mentality, and the normalization of debt have warped expectations around earning, spending, and achieving financial stability. But it’s not all doom and gloom. Brian and Jarrod offer advice on entrepreneurship, budgeting, and investing during volatile times. They encourage younger listeners to take calculated risks and adopt an abundance mindset to create the future they want.Key Highlights:[00:00 - 06:23] - Changing Investor SentimentInvestor engagement has declined as rates have risenPeople sitting on cash instead of investing in real estateInterest rates offer a viable alternative to real estate investing[06:24 - 13:09] - Distorted Financial ExpectationsSocial media fuels comparison to unattainable top 1% lifestylesNormalization of debt loads from national level down to individualLack of financial literacy on budgeting and aligning with values[13:10 - 25:05] - Rethinking Conventional Paths to Financial FreedomNeed for realistic career guidance on incomes vs education debtEncourage entrepreneurial risk-taking, especially when youngPolicy changes needed on home ownership and college for allFocus on personal finances and psychology in good and bad times[25:06 - 31:19] - Resetting the American DreamMay need to reset expectations around home ownership and collegeLeadership needed to confront economic challengesEntrepreneurial opportunities even in challenging times[31:20 - 34:48] - Cautious Optimism on the HorizonInvestors have short-term pessimism but long-term optimismPain may be necessary to reset after deferring hard choicesAmerica has overcome adversity before and will persevereKey Quote:"Comparing yourself to that top 1%, I think has been there for a while now…[Now] You're looking at comparing yourself [to] your greater community as a whole." - Jarrod ArnoldDownload our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.