What’s In This Email

• The psychology of BFCM FOMO

• 6 Ways to prep your finances for a potential recession

• Taylor Swift is officially the ‘Global Top Artist’

• Snoop Dogg is giving up smoke

• Notable Spotlight: Astoria

• Notable Plug 🔌

✍️ TAKE NOTE

FOMO, Black Friday and Cyber Monday frenzy: What experts say about the psychology of holiday shopping

🛍️ Black Friday & Cyber Monday: Beware the FOMO Trap! 🚨 As the holiday shopping season kicks into high gear, here's a quick rundown on the psychological play behind these mega sale days and why it matters for your mental and financial well-being:

✂️ Clippings

• FOMO Fuelled by Retail Tactics: Retailers use limited-time offers to create a 'fear of missing out,” pushing consumers to buy more and faster.

• High Stakes for Retailers: A significant portion of annual profits hinge on these sales, intensifying marketing strategies.

• Impact on Financial Health: Experts warn of the negative effect of impulsive buying on financial literacy, especially in economically challenging times.

• Social Influence: Seeing others shop can trigger a 'follow-the-herd' mentality, leading to unnecessary purchases.

• Post-Purchase Regret: Beware of deals that seem too good to pass up; they often lead to buyer's remorse.

Why This Matters: Understanding these tactics can help you avoid stress and debt, which is crucial for maintaining mental health during an overwhelming season. Remember, smart shopping is not just about finding deals; it's about making choices that align with your needs and values. Stay informed, stay mindful, and shop responsibly! 🧠💳🛒

Read the full article here.

6 ways to prepare your finances for a potential recession

📉 As whispers of a recession grow louder, it's crucial to brace for potential economic turbulence. Here's a quick guide to safeguard your finances:

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1. Emergency Savings Fund: Start building (or beefing up) your emergency fund. Aim for at least three months' living expenses to cover unforeseen events like job loss or sudden repairs.

2. Job Stability Matters: In uncertain times, job security is key. Consider the stability of your industry and the strength of your position within your company. Remember, newer employees often face higher layoff risks.

3. Pause on Big Purchases: Tempted by that luxury splurge? Hold off for now. Channel extra funds into your emergency savings instead, preparing for leaner times.

4. Tackle High-Interest Debt: High-interest debts, like credit card balances, can be a financial sinkhole. Pay these down swiftly or explore refinancing options to ease the burden.

5. Diversify Investments: Don't put all your financial eggs in one basket. Spread your investments across resilient sectors like consumer staples, healthcare, and utilities. Consider safer options like GICs or high-interest savings accounts.

6. Revisit Your Budget: Scrutinize your spending habits and adjust your budget accordingly. Set new savings goals and spending limits to strengthen your financial footing.

Why This Matters: Being prepared can make all the difference. These steps cushion you against potential economic downturns and position you for a stronger financial future. Remember, preparation is your best defence against economic uncertainty. 🛡️💰🔍

Read the full article here.

@fats_tiktok

Snoop Lion again 😩 #snoopdogg #quiting #rehab #givingup #funny #viral #meme #fyppppppppppppppppppppppp #fypシ゚viral #fypシ

Astoria

1087 Queen St W, Toronto, ON M6J 1H3

Astoria in the Great Hall is a French-American Bistro and Cocktail Bar located on Toronto's Beautiful Queen West across the street from Bar Poet. At 11 pm, after dinner service ends, we then offer the entire Cocktail Menu, along with our Shareables Menu, our Astoria Burger & Oysters, until 2 am nightly

@eatsconnoisseur

The Hottest New French Bistro #toronto #torontolife #torontorestaurants #foryou #newrestaurant

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🔌  NOTABLE PLUG

🎙️ Get Into It: The Science of Success. The #1 Evidence-Based Growth Podcast on the Internet. The Science of Success is about the search for evidence-based personal growth. It's about exploring ways to improve your decision-making, understanding your mind and how psychology rules the world around you, and learning from experts and thought leaders about ways to become better versions of ourselves. Listen on Apple or Spotify.

📄 Notable Hires: Senior Frontend Software Developer, Options @ Wealthsimple (Remote, Toronto)

🎓 Hope This Helps: Ayfie. Find What Matters Fast! Boost efficiency with Ayfie's secure, AI-powered platform – seamlessly connecting to your data sources.

🧠 Today We Learned: Sculptor Anish Kapoor bought exclusive rights to the Vantablack, the world’s “blackest black." So, artist Stuart Semple developed a new pigment, “pinkest pink,” to rival the exclusivity of Kapoor’s black. Semple’s pigment was released on sale to anyone except Anish Kapoor.

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Disclosure: While we utilize artificial intelligence (AI) to assist with certain aspects of content development, all information provided in our content is thoroughly vetted and edited by our team of humans. We strive to ensure the accuracy and reliability of all information. However, we recommend that readers conduct research or seek professional advice to make informed decisions. This email may contain sponsored content.