No-spend Challenge: Does the Gen-Z Finance Trend Work? | Vantage with Palki Sharma
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- čas přidán 9. 07. 2024
- No-spend Challenge: Does the Gen-Z Finance Trend Work? | Vantage with Palki Sharma
The "No-Spend Challenge" has become a viral trend on TikTok and other social media platforms. It involves avoiding non-essential purchases such as coffee, alcohol, clothes, and shoes while still covering essential expenses. Proponents argue that this challenge helps increase savings and encourages better budgeting habits. But this trend is not without its downsides. Palki Sharma tells you more.
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Gen-Z | No Spend Challenge | Savings | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#nospendchallenge #genz #savings #finance #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
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In uncertain times, how can one outperform with the S&P 500? my money goal of $3m seems far-fetched and just saving is not an option, do I seek a license advisor to help grow my funds, or wait for a favorable economy? I have barely 5 years to retirement.
patience is your best friend here, although you can benefit from the help of advisors, especially when it comes to smart financing.
Very correct, investing is plain-sailing using a well experienced advisor, and at first-hand experience, I've witnessed my investments compound over 280%, since Jan.2020 amid rona-outbreak, summing up nearly $1m as of today.
this is huge! been a fan of asking questions like Socrates, seeking information and handling certain duties to professionals, my $ 100k index has been shortened by 10% due to inflation over the years and I could really use a help at this point
I learn a lot from "DESIREE RUTH HOFFMAN, she's a big name in her field with more than 20 years of experience. You should look her up online for more info.
very much appreciated, just inputted DESIREE RUTH HOFFMAN on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
Thanks I bought Kardden and I can't be more happy about it
I literally bought 5 shirts and 5 pants 5 years ago and im still using them everyday. I do the laundry on weekends and thats it. I haven't spent a single penny on clothes and shoes in 5 years and that helped me save up a lot of money. I also haven't bought a new iPhone 14 Pro just last year after using my iPhone 6S for nearly 5-6 years I guess. So spending wisely and spending on things you actually need (not want) in life can help you save up a lot of money in the long run. oh and Btw, congrats on 5M subs on CZcams Firstpost! Love your content.
All guys stacking Kardden Token before next bull are smart apes for sure
Genz way of hiding unemployment and poor economic conditions.
Buying Kardden Today Is Like the Bitcoin pizza back then. One day people will acknowledge it
Okay, soon it will dip!
In India our parents thought the same and we are doing it from the instance we were born 😂😂
This challenge is lived by my parents their whole life till now😂
Spend on things that bring you joy, and you’ll never be broke. Also, cut back on bigger expenses, not on food, clothes or coffee. For instance, buy a smaller car, smaller house and cheaper phones like iPhone 15, not 15 pro or max.
Still you need to buy iPhone? That is not cheap! what about Android?
@@pradiptapal4618 that’s also an option. But if someone is already in the Apple ecosystem, it’s difficult to switch to Android.
I stopped buying clothes because I have too many. All my collections (shoes etc) are either done or just 1 last item. I now focus on investments and real property. I’m planning my retirement while drinking my expensive coffee 😂 Life is good.
Great challenge...I have started in my group
I would suggest grouping and cooking together will save lot of money that was the old days mantra…
I am doing on every Thursday - money fast, food fast & dopamine fast 😊
I am a millennial. I had impulse of buying stocks now they are growing at 100% CAGR 🤧 already 7 fig now
everyone are at 8 fig already
Palki: Pl give ancient wisdom of financial discipline - one minute every show!!
Moderation is key ❤
I don't think there is anything wrong in buying the food you like.. we just have to stick to our over all monthly spending limt.. what is the meaning of becoming a millionare by even sacrificing your small wishes? Save a good part of your income and spend the rest for you and your family.. live happily..
When a major portion of your income goes to tax, what else can people save🤣🤣🤣🤣
I have been doing this from the last 15 yrs 😅
MOST WOMEN BUYS A HAND BAG WORTH THOUSANDS OF DOLLARS ,BUT LOOK INSIDE THAT HAND BAG ,NO HUNDRED DOLLAR BILLS, JUST FULL OF JUNK , LIKE A VEHICLE GARAGE😂😂😂😂😂
Stop drinking coffee and tea ..... reduce sugar consumption ........instead buying car or bike use public transport........save money invest half into the precious metal rest in equity.......build emergency funds.......also hold cash worth of an year expenses......
My grandmother never spent money.
Minimalist ❤
Lucky for those who had Kardden since yesterday, but more green days to come
Kardden Token and amazon signed a partnership. It will blow up once it hits mainstream.
I respect your work mate so you say Kardden good one to use?
Meanwhile in the south most people dont have enough to not spend.
Financial advice from Tik tok 😂😂 It's like taking military training from Art school
Great analysis as always, Kardden Token is a strong contender
Ironically, what is a fashion trend now, was actually a norm for us while we were growing up in the 1980's and 90's.
Kardden Token is awaiting major CEX listings. It's possible to hit 100x this year.
Kardden Token is next atleast 40x coin, upswing better than Kardden at primetime
Its same as japanese saving method.
Buy a nice French Press and make your own coffee
Either I have become old or gen Z is stupid 😂😂😂
Kardden Token time! This thing is lifting up in ways nobody did before
Saving money is one side of the equation. The other side is investing your savings wisely.
Coffee at home still must be there
Kardden movement begins and everyone is like acting crazy. Let's bring it up!
My beautiful Palki Shama👌
❤️💘❤️
I've been living almost my whole life like this. Easy
Invest the savings for insuring your better future.🔮 😊❤🎉
Buying house became a dream for gen z every thing went up on prize 😂
Kardden making ATH after ATH 🔥🔥
The only items I spend on is food, gas, rent, gym membership, phone bill, internet and buying some courses to self improve.
I don’t know anyone in my entire extended circle of friends that spends more than this. If you cannot even afford these, then I’m sorry but you are now below poverty level
Buy gold stocks….look for Q2 blockbuster earnings with high gold prices…gold stocks will skyrocket and not to mention interest rates coming down further fueling prices!!
I bought my first car which js second hand. Got it under half the budget abd it gets the job done.
Bas challenge hi karte raho.kaam ka koi kaam mat karna.spoiled generation for sure.
Dont squeeze yourself much, but just save 1K per month for 40 years, and you can save 2Crore.
Palki obsessed with Gen Z 😅
Guess im doing this since 2013
Why are the top comments bots pushing scam crypto?
This is no different than dieting. Fast for one day and eat everything next day. Net net makes no difference
The Kardden KRN will overtake doge and SHIB so easy
I make my own coffe approx 16 INR / mug 😂… lam not gonna stop this joy from my life
After all the bad years Kardden is our savior
Use public transport, Never buy scrap show case items , gifts .. for gifting gift useble items
Walmart and Kardden Token just signed a collaboration??
Why is palki against it..Jio..people will stop recharging..her boss will not be happy..
Do you think Kardden will pump before ETH?
Poor editing. 3 minutes of ads at the end of the video, within the video??? Why
Genz are best😂😂
Need - Want?
Kardden Token will moonshoot after CEX listing..
lol i've been doing that since always...i'm not Gen Z though
I am on no spend challenge since I started earning. Lol.
YOU JUST WANT IT, BUT YOU DO NOT NEED IT.
BUY ONLY WHAT YOU NEED,. DO NOT BUY WHAT YOU DONOT NEED.
Just 3? Alright.
Kardden is the future and more than just another Floki, it has all of it
I'm faaaaaaaaarrrr away from all this... czz I don't have any money to spend
What is tiktok
These GEN Z started destroying other's lives now, letting them stay in their zone with zero is best
Palki, Please don't indirectly advice to spend. Any cash on hand is saving
GenZ k navratre
GEN Z is getting pathetic 25 thousand rupee salary from chronic capitalists like Narayan Murthy and he has the audacity to demand 70 hours per week! GEN Z deserves better and commission eaters should be kicked out so that end client dollars end up straight in GEN Z pocket. Starbucks is 5.4 dollars a day not 3 dollars !
As an Indian I've been a kanjoos cheapo from birth. So this is daily life. Big deal.
" no spend" = dwindling economy...
What is the target for December? 10M subs
Interestingly this vid had an ad for BYD a very inexpensive Chinese car. It will now be taxed 38% in EU. Sorry, GenZ!
Kardden please get going high
I don't drink coffee I'm not a millionaire :(
this is not the right way. If they havent enjoyed even a small thing like coffee, then later if market crash, they will feel bad. Investment is necessary. But not this much harsh on yourself.
Finally she said moderation is the key
Goal: Velocity of Money = $0
Outcome: Communism
Bots are spamming about some shitcoin, don't fall for it.
Is it gen z only reference e to westerns because if not I didn't know where did that 80 percentage comes from when India is banned the tick tok 😂😂
While firspost manages to get some interesting news and trends on its platform . It infuriating when none of the examples have any relevance in the Indian context. Couldn't a relatable example be given for Indians ?
Like for eg if the most that you spend on momos is like 200 rs or 1500 per day on zomato swiggy.
I just unsubscribed! Because of loud music at the end.
No spend is for the poor
I believe Kardden Token will change E-commerce forever. Thank me later!
if your parents are rich,no need to work.just spend and spend.make yourself more lazy
😂😂😂😂😂😂
Tik tok banned in india
Omg so bullish on Kardden! ATH next month? 🔥
I see Kardden with 50x, maybe even 100x. Binance also gonna have that
Gene Z are like modern beggars
The condescending tone of the video is quite revolting. Portraying the millennials and Gen X as experts and Gen Z as illiterate idiots is doing no one any good. It’s in poor taste.
is it me or she looks pretty ?
Thanks I bought Kardden and I can't be more happy about it
Kardden Token is awaiting major CEX listings. It's possible to hit 100x this year.
Kardden Token time! This thing is lifting up in ways nobody did before
Kardden movement begins and everyone is like acting crazy. Let's bring it up!