@ahmadmanga's thread

The Impact on Personal Finances

• 🚨 Buying into the idea of relatable millionaires or billionaires can harm people's finances if they follow their advice blindly.
• 📉 The emphasis on frugality can reinforce the idea that financial problems are caused by overspending, rather than low income.
• 💸 Even billionaires who pay for positive media coverage can contribute to this problem, making people feel guilty for enjoying small luxuries.