Financial Literacy & The Social Media Generation | Nelson Soh | TEDxGrandviewHeights

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Published 2022-01-21
In Financial Literacy & The Social Media Generation, Nelson Soh posits that the generation born in and after 1985 is unique because of its sense of entitlement, need for instant gratification and access to easy credit. These characteristics have resulted in a generation that is entitled, egotistical, easily persuaded by social media, addicted to material things, and financially illiterate.
In Financial Literacy & The Social Media Generation, Nelson’s idea-worth-spreading is that his generation must make financial literacy an urgent priority. Nelson believes that becoming financially literate creates life-changing opportunities. Failing to do so will have dire consequences.
Nelson Soh is a Chartered Professional Accountant (CPA, CA), author, financial literacy expert, and part of the social media generation. His goal is to help current and future generations succeed in life - personally, professionally and financially. You can reach Nelson at [email protected] This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx
All Comments (21)
  • @theresaquiera7412
    The act of overseeing all these transactions for a business is what we mean when we talk about a company’s financial management.
  • @MissInternasionalz
    Nelson, you are describing my life just in a different scenario and I'm in the process of what you have become. Thank you for sharing. I'm feeling hopeful.
  • @betterXdesign
    Your enthusiasm is contagious! Watching your videos is like attending a positivity party. Count me in! 🎉
  • @user-rg3ok6kk5p
    The video is very helpful for me as a person who have entered the early years of my adulthood. It is true that with the influence of social media, big ego and a sense of entitlement and easy access to credit, people's judgement are covered up with instant satisfaction of material things, attention from others from social media which make make purchases of unnecessary things and eventually be locked into bad debt. I really don't want myself one day will get into that same situation. Thank you Nelson for giving such educational speech!
  • @laraethan8423
    If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has exhausted. Investment is a ladder to climb the financial wall.
  • @nathankwan5166
    100% agree on our current generation being too attached to instant gratification – I still struggle with this on and off myself as well. Finding purpose and validation from within instead of externally makes life so much more fulfilling! Thank you for sharing your wisdom brother!!
  • @habby_stroogles
    Hey Nelson, Loved the way u conveyed the speech, really motivates me everytime I watch. Looking forward to more such Ted talks.
  • @Mihir_Dwi
    Amazing talk, every youngester should watch
  • @KayyCNicoleTv
    This was so good ! And extremely helpful I learned so much in this video it’s so important to be finically literate !!!
  • @colinmah2383
    Nelson, This is such a powerful and relevant message. Financial literacy is a subject that should be taught in schools... but isn't. I'll be sure to share this with my students :-)
  • @emilyau8023
    I haven't been materialistic since elementary school.
  • @daryldevonish6055
    What a great message! Every kid should listen to this. In fact, I'm going to make sure mine do today. Thanks for sharing Nelson...!
  • @donaldmondragon9412
    Nelson, this is a message applicable to a majority of individuals in your generation. Financial literacy as you point out brings freedom and relief. Relief not just from indebtedness, but relief from worry, fear, and uncertainty related to paying bills and not being able to save and invest. You also address so eloquently the issue of FOMO, fear of missing out, and how social media has propagated FOMO. Social media breeds discontent, if we are constantly comparing ourselves to the "perfect" lives of others online. Spoiler Alert: no one's life is perfect no matter how good they make it look on social media! Well done, Nelson.
  • @JonathanMWong
    Great talk Nelson. Definitely makes me think twice about how I want to raise my son in terms of financial literacy in this social media world. Hope you keep on spreading this important message.
  • @jeffborden7896
    Good job Nelson. Understanding money really is key, and its just not taught enough in our schools. Great to see your passion and dedication to the subject.
  • @baridamahmood7c244
    Hey Nelson! Good job.....it's necessary to understand how money works before using it....
  • @patrickH206
    To be clear, working just for the money is not the issue. The issue is working for money for the show. Becoming financially literate is about deeply introspecting the reason of your purchases and fully understanding the opportunity cost. It does not mean you should never spend on things you don't need, like good cars or vacations. It means if you are to spend, be honest to yourself about why you spend, and convince yourself that even if the debt deters you from other important life goals, you approve the spend.
  • @leecassells8762
    Wow, very impactful. This needs to be taught at high school! Keep sharing this important information Nelson.