So Money with Farnoosh Torabi cover image

727: Vicki Robin, Your Money or Your Life Author

So Money with Farnoosh Torabi

00:00

Can We Save Ourself From This Debt Debacle?

Consumerism is the religion of our country. We are so swept up in the idea that every need has a product to fill it. If you buy something, put it on your credit card, you're going to actually end up paying three times the nominal price because that's how much interest you'll pay. I think we need to collectively address this and it's going to be difficult. Once people realize that not spending money is self-preservation rather than not Spending money is deprivation, then they will change their behavior.

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