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| Comments: | 22 |
| Duration: | 55:04 |
| Uploaded: | 2025-07-29 |
| Last sync: | 2025-07-29 17:15 |
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In our July video essay, Chelsea dives into American debt culture, and how our economy makes it easier to pretend to be rich than to actually build wealth.
Special thanks to Amanda Holden: https://www.instagram.com/dumpster.doggy
SOURCE LINKS:
https://thepointsguy.com/credit-cards/history-of-credit-cards/
https://www.ecspayments.com/emv-chip-vs-magnetic-stripe/
https://www.investopedia.com/terms/d/discover-card.asp
https://www.nytimes.com/2025/06/02/business/buy-now-pay-later-groceries.html
https://www.forbes.com/sites/traversmark/2025/05/22/the-buy-now-pay-later-trap-explained-by-a-psychologist/
https://www.investopedia.com/terms/s/subprime-meltdown.asp
https://www.ipsos.com/en-us/majority-americans-value-their-credit-card-rewards
https://www.bankrate.com/credit-cards/travel/how-to-start-travel-hacking/
https://finance.yahoo.com/news/gen-z-most-notable-status-100000740.html
https://erewhon.com/membership
https://www.fool.com/money/research/credit-card-company-earnings/
https://www.theguardian.com/global/2021/aug/22/how-digital-media-turned-us-all-into-dopamine-addicts-and-what-we-can-do-to-break-the-cycle
https://www.forbes.com/sites/traversmark/2025/05/22/the-buy-now-pay-later-trap-explained-by-a-psychologist/
https://www.pgpf.org/article/how-does-the-us-healthcare-system-compare-to-other-countries/
https://www.healthsystemtracker.org/chart-collection/u-s-life-expectancy-compare-countries/
https://www.axios.com/2024/03/20/world-happiness-america-low-list-countries
https://worldpopulationreview.com/country-rankings/minimum-wage-by-country
00:00 Intro
03:15 Ad break
10:58 The evolution of credit
18:45 The epidemic of invisible debt
30:16 Credit card points and the meaningless of status
40:40 How we all got addicted to dopamine
47:36 The myth of American abundance
Join this channel to get access to perks:
https://www.youtube.com/channel/UCSPYNpQ2fHv9HJ-q6MIMaPw/join
The Financial Diet site:
http://www.thefinancialdiet.com
Facebook: https://www.facebook.com/thefinancialdiet
Twitter: https://twitter.com/TFDiet
Instagram: https://www.instagram.com/thefinancialdiet/?hl=en
Get 20% off your DeleteMe plan when you go to https://joindeleteme.com/TFD and use promo code TFD at checkout!
In our July video essay, Chelsea dives into American debt culture, and how our economy makes it easier to pretend to be rich than to actually build wealth.
Special thanks to Amanda Holden: https://www.instagram.com/dumpster.doggy
SOURCE LINKS:
https://thepointsguy.com/credit-cards/history-of-credit-cards/
https://www.ecspayments.com/emv-chip-vs-magnetic-stripe/
https://www.investopedia.com/terms/d/discover-card.asp
https://www.nytimes.com/2025/06/02/business/buy-now-pay-later-groceries.html
https://www.forbes.com/sites/traversmark/2025/05/22/the-buy-now-pay-later-trap-explained-by-a-psychologist/
https://www.investopedia.com/terms/s/subprime-meltdown.asp
https://www.ipsos.com/en-us/majority-americans-value-their-credit-card-rewards
https://www.bankrate.com/credit-cards/travel/how-to-start-travel-hacking/
https://finance.yahoo.com/news/gen-z-most-notable-status-100000740.html
https://erewhon.com/membership
https://www.fool.com/money/research/credit-card-company-earnings/
https://www.theguardian.com/global/2021/aug/22/how-digital-media-turned-us-all-into-dopamine-addicts-and-what-we-can-do-to-break-the-cycle
https://www.forbes.com/sites/traversmark/2025/05/22/the-buy-now-pay-later-trap-explained-by-a-psychologist/
https://www.pgpf.org/article/how-does-the-us-healthcare-system-compare-to-other-countries/
https://www.healthsystemtracker.org/chart-collection/u-s-life-expectancy-compare-countries/
https://www.axios.com/2024/03/20/world-happiness-america-low-list-countries
https://worldpopulationreview.com/country-rankings/minimum-wage-by-country
00:00 Intro
03:15 Ad break
10:58 The evolution of credit
18:45 The epidemic of invisible debt
30:16 Credit card points and the meaningless of status
40:40 How we all got addicted to dopamine
47:36 The myth of American abundance
Join this channel to get access to perks:
https://www.youtube.com/channel/UCSPYNpQ2fHv9HJ-q6MIMaPw/join
The Financial Diet site:
http://www.thefinancialdiet.com
Facebook: https://www.facebook.com/thefinancialdiet
Twitter: https://twitter.com/TFDiet
Instagram: https://www.instagram.com/thefinancialdiet/?hl=en
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