In this age of (over)sharing, Pinoys are still coy about revealing their net worth.

Filipinos (over)share on Instagram, Facebook, Twitter and YouTube regarding the clothes, bags or things they wear or bought, food that they eat, and places they go. They stop short of revealing their source of income (if any), their cash balance (liquidity to afford said things and places), their current net worth or their plan of action for the future.

The focus of social media appears to be mindless consumption. It is appalling to watch haul videos on YouTube (comment below what you think of those?) where shoppers show (off) everything they bought for the world to see. In the background it is apparent that while YouTube shopper just bought almost everything at the store, shopper is struggling to make ends meet by living in a tiny apartment barely small enough to fit said purchases.

Source: giphy.com
Source: giphy.com

As my Facebook news feed shows, Filipinos are getting into this habit of consumption as well. My fellow young lawyers are focusing on showing the food, clothes, places they went to. They seem to be less focused on building their actual net worth.

I understand that a lawyer’s life can get pretty stressful and social networks, as can this blog,  are a good way to let off steam. It is also important though to be more proactive in planning one’s financial future so that we lawyers do not have to be dependent on our stressful careers to pay the bills. It is probably the same across all professions, as long as expenses outrun your income, people will always feel like that hamster running on that hamster wheel.

xoxo,

20 something lawyer

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11 thoughts on “In this age of (over)sharing, Pinoys are still coy about revealing their net worth.

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