Home Blog

Why Success Feels Uncomfortable for So Many Entrepreneurs


Opinions expressed by Entrepreneur contributors are their own.

Key Takeaways

  • The IKEA effect explains why many entrepreneurs overvalue struggle. Because effort creates emotional attachment, many founders unconsciously associate struggle with value.
  • Many entrepreneurs spend years training their nervous system to associate pressure with progress, so they recreate complexity, resist systems or keep overworking even after the business no longer needs it.
  • A business should challenge you and demand growth from you, but never require you to permanently live in survival mode to justify its existence. It should expand your life rather than swallowing it whole.

In 2011, behavioral scientists Michael Norton, Daniel Mochon and Dan Ariely published research around a curious psychological phenomenon now known as the IKEA Effect.

The idea was deceptively simple: People place disproportionately high value on things they partially build themselves.

In one experiment, participants assembled IKEA furniture and then assigned a value to it. Others looked at the exact same furniture already assembled.

The people who built the furniture valued it significantly more.

Does that mean the furniture was objectively better? No, but their effort changed their emotional attachment to it. The more work people put into creating something, the more meaning they project onto it.

Business owners do this constantly.

Entrepreneurs often overvalue struggle

Many entrepreneurs speak about difficult periods in business almost like war stories. The sleepless nights, financial pressure and uncertainty become badges of honor.

Part of that response makes complete sense — I did it, too. Building a company is genuinely difficult, and resilience matters.

The more interesting change happens later, when some business owners begin unconsciously associating struggle itself with value.

If something feels difficult, they assume it must be important. “Nothing worth having in life is easy” is the justification. If growth feels smooth, they become suspicious. If life starts becoming calmer, they wonder whether they are losing their edge.

Why easier paths feel emotionally uncomfortable

I once spoke with a business owner whose company had finally reached stability after years of struggle. The team was strong, and revenue had become predictable. Operational problems had reduced dramatically.

Wouldn’t you agree that objectively, life had improved?

Well, he hated it. Not consciously, of course.

He kept creating unnecessary complexity inside the business. Priorities shifted every few weeks, and he seemed unable to sit comfortably inside the very rewards that his past struggles had brought him.

At one point, he said something fascinating: “It should feel better now, but I don’t know who I am anymore…”

That sentence explains a great deal about entrepreneurship. Many business owners spend years training their nervous system to associate pressure with progress, so peace begins to feel unfamiliar. The mind starts searching for friction again.

Why entrepreneurs struggle to trust ease

Many business owners become deeply comfortable with pressure because pressure accompanied every important stage of growth. Those difficult years shaped them, so solving hard problems became part of how they understood themselves.

Over time, the mind created an association: “Hard must mean valuable.” That is why some entrepreneurs feel strangely unsettled when businesses become more mature.

A smooth quarter can feel less emotionally satisfying than a chaotic one. Simplicity is suspicious. Stability can even feel like stagnation.

All of this is happening while the business is healthy; the owner has simply spent years wiring struggle into their understanding of progress.

This creates an unusual stalemate. The entrepreneur achieves the very freedom they originally wanted, then unconsciously rejects it, recreating complexity because what they set out to achieve no longer feels emotionally familiar.

Why this creates bad business decisions

The IKEA Effect helps explain why some owners resist simplification.

A founder may reject systems that reduce operational pressure because being needed feels more valuable. A business owner may continue working extreme hours long after the company needs it because exhaustion still feels connected to worth.

Some entrepreneurs even distrust businesses that run smoothly without constant sacrifice. The irony is difficult to miss!

The original purpose of building the business was often freedom. Over time, the owner can become psychologically dependent on the struggle that freedom was supposed to eliminate.

What healthier ambition looks like

Strong business owners eventually learn an important distinction: “Difficulty does not automatically mean meaning.”

Pressure ≠ progress!

Some of the best companies in the world operate with extraordinary calm behind the scenes. That’s because they have strong teams that replace heroics, and long‑term thinking removes constant urgency.

That kind of leadership may look less exciting on social media, but believe me, it usually performs far better over decades.

A different way to measure success

The IKEA Effect tells us another important thing about business owner psychology: We naturally become attached to what costs us effort.

Business owners must be careful not to confuse emotional attachment with wisdom.

Depending on your stage of life and business, it may even sound unintuitive now, but the strongest move in business is not pushing harder, but removing unnecessary friction. Don’t add; declutter.

This is one of the core ideas behind living a Zero Regret Life.

The #1 thing I tell my clients when I coach them is that we are not avoiding ambition or lowering our standards. Our goal is to build success in a way that does not slowly consume the person creating it.

Many entrepreneurs assume that meaning comes from sacrifice alone, so exhaustion proves commitment, and that constant pressure somehow validates the journey.

But eventually they all face an uncomfortable question: “What happens if you build an extraordinary business and wake up years later, having become disconnected from your own life, sacrificing friends, family, leisure and all the other important dimensions of life in the process?”

A business should challenge you, stretch you and demand growth from you, but never require you to permanently live in survival mode to justify its existence.

The entrepreneurs I admire most don’t “perform exhaustion” for the world. They are the people who built something ambitious while still remaining present in their relationships, protective of their health and their family, and capable of experiencing peace without guilt.

That is a very different definition of success.

A Zero Regret Life means building a business that expands your life rather than swallowing it whole. It means creating success you can actually live inside, not merely admire from a distance while running on fumes.

Build something meaningful enough that your life becomes larger because of it, not smaller. The most dangerous thing in business ownership is not failure but becoming successful at a life you no longer enjoy living.

Key Takeaways

  • The IKEA effect explains why many entrepreneurs overvalue struggle. Because effort creates emotional attachment, many founders unconsciously associate struggle with value.
  • Many entrepreneurs spend years training their nervous system to associate pressure with progress, so they recreate complexity, resist systems or keep overworking even after the business no longer needs it.
  • A business should challenge you and demand growth from you, but never require you to permanently live in survival mode to justify its existence. It should expand your life rather than swallowing it whole.

In 2011, behavioral scientists Michael Norton, Daniel Mochon and Dan Ariely published research around a curious psychological phenomenon now known as the IKEA Effect.

The idea was deceptively simple: People place disproportionately high value on things they partially build themselves.

In one experiment, participants assembled IKEA furniture and then assigned a value to it. Others looked at the exact same furniture already assembled.

Most Popular Tags


It seems that most readers are not aware that we use tags to help categorize posts. This also makes it easier to find content you find interesting. You can also combine multiple tags to narrow down content further (particularly useful for bank account bonuses). Tags can be found at the bottom of each post (please let us know if there is a tag missing you think should be there for a particular post). Below are a list of the most popular tags by pageviews. 

  1. Staples
  2. Direct deposit not required
  3. Shop with points
  4. Big
  5. Visa Gift Cards
  6. Office Depot/Max
  7. Amazon
  8. Nationwide Bank Bonuses
  9. TX Bank Bonuses 
  10. DoorDash
  11. FL Bank Bonuses
  12. Amex offers
  13. Instacart
  14. Food delivery
  15. inKind
  16. American Express Delta
  17. Uber
  18. Freebies
  19. Mastercard Gift Card Deals
  20. NY Bank Bonuses 

We plan to do more to make tags more obvious and integrate them more. 

AREIT 2-Year Stock Investment, how much profit?



AREIT is the first Real Estate Investment Trust (REIT) in the Philippines, formed primarily to own and invest in an income-generating commercial portfolio of office, retail, hotel, and industrial land properties in the country that meets its investment criteria. When the opportunity arises, it may explore other types of real estate properties available in the market.

#InvestAmbitiously #PERA #passiveincome #retirement #compoundinterest #savings # #investing #investment #stockmarket

source

Mortgage Rates Look Headed Back to War Time Highs


After a series of strikes and escalations in the Middle East, it appears mortgage rates might soon match the highs seen since the war began.

The highest point for the 30-year fixed since the Iranian conflict got underway was 6.75% back on May 19th, per Mortgage News Daily.

Since that time, they dropped about 0.25% thanks to a ceasefire and peace deal.

But that has since fallen apart and now mortgage rates are close to testing those highs once again.

However, given a lot is “baked in,” mortgage rates might be somewhat capped at these levels.

Mortgage Rates Approaching War Time Highs

The 30-year fixed has had a rough time since hitting 3.5-year lows back at the end of February.

And it’s pretty much all because of an unexpected conflict that broke out in the Middle East.

Before the U.S. and Israel launched strikes on Iran, the 30-year fixed was at its lowest point since 2022.

If you recall, rates were still in the 3s to start 2022, but quickly doubled as the year went on.

Though we were only able to muster a sub-6% rate back in February of this year, it was the best rate seen since the latter half of 2022.

That was a very bad year for rates, as they more than doubled in a calendar year once QE ended and inflation began to become a major concern.

Still, getting back there was a huge positive after the 30-year fixed climbed as high as 8% in late 2023.

But those late February levels seem like a distant memory now, with the typical mortgage rate quote back in the high 6s.

Today, the 10-year bond yield, which acts as a bellwether for mortgage rates, rose above 4.60% again on escalations in the Middle East.

The strikes also caused oil prices to rise about five percent as the Strait of Hormuz saw traffic come to a standstill again.

Long story short, the peace deal appears to be toast and tensions seem to be as high as ever.

The market is responding to that risk by selling off and mortgage rates will suffer as well.

Is a Lot of the Move Higher in Mortgage Rates Already Priced In?

However, it’s important to remember the context here. Much of this is already priced in.

Mortgage rates aren’t back near their pre-war levels. They aren’t sub-6% anymore or close to it.

They are priced for the war and the higher oil prices and the inflation that comes with it.

So despite yet another setback in a seemingly hopeless quest for peace, it’s perhaps not as bad as it looks.

What I mean by that is mortgage rates are basically at the top of their range that includes a war premium.

They were as low as 5.99% per Mortgage News Daily back in late February and as high as 6.85% last July.

At last glance, they are around 6.70%, which means they’re basically at their 52-week highs. Or just about.

One could argue that that’s good news because it means the risks are already priced in.

If rates were still low and we were ignoring the developments in the Middle East, that’d be another story.

But it’s already reflected in the price of a mortgage today. You are no longer able to get a sub-6% 30-year fixed (without paying discount points).

Instead, you’re paying a premium of about 75 basis points (0.75%) versus those pre-war levels.

More Downside Potential for Mortgage Rates Near Their 52-Week Highs

In addition, the market isn’t as spooked or bothered by the goings on in the Middle East anymore.

Traders have seen this movie before, multiple times. As such, further upside risk might be limited, especially when you factor in what’s already baked in to the price.

Conversely, what might surprise traders would be peaceful developments, which could lead to lower mortgage rates again!

Taken together, there might be limited upside risk and more downside potential for mortgage rates, despite current headwinds.

Read on: Try my new mortgage rate calculator to compare different interest rates side by side.

Colin Robertson
Latest posts by Colin Robertson (see all)

Best 529 Plans For 2026: State Tax Breaks Beat Low Fees In Our Net ROI Rankings


Key Points

  • For most families, the best 529 plan is your own state’s plan: most states only give the tax break if you use their plan, and the break usually outweighs fee differences.
  • Indiana residents get the best deal for 2026: an 87.8% net ROI, driven by the state’s 20% tax credit on contributions.
  • 45 of 49 plans cut fees this year, and 21 states lowered their top income tax rates, shaking up the rankings more than usual.

529 plan performance is tough to measure — it’s not just investment returns, but also tax benefits and fees. A low-cost plan sounds great on paper, but a generous state income tax break can more than make up for a plan with higher fees.

In fact, for most families, the best 529 plan is your own state’s plan because most states only give you the income tax deduction or credit if you use their plan, and that tax break is usually worth far more than any difference in fees. This isn’t a list to shop from the way you’d shop for a brokerage account.

Instead, we rank every state’s plan by net return on investment (net ROI): what a resident actually keeps after fees, with the value of the state income tax break reinvested in the plan. Think of it as a measure of “how good a deal your state gives you”.

For 2026, Indiana residents get the best deal in the country: an 87.8% net ROI, powered by the state’s 20% tax credit on contributions. New Jersey (74.3%) and New York (74.2%) follow. At the bottom, Hawaii returns just 51.4%, a gap of more than 36% between the best and worst states.

There was more movement in the rankings this year than usual: 45 plans cut their fees in the last year and 21 states lowered their top income tax rates. But the core lesson hasn’t changed: net ROI correlates far more strongly with the size of your state’s income tax break than with low fees. And if you live in a state with no tax break (or a tax parity state that gives you the break anywhere), that’s when it makes sense to shop nationwide for the lowest fees.

Let’s break it down.

Table of Contents

What’s New For 529 Plans In 2026
Popular Ratings Of 529 Plans
Two Investment Options Are Enough
Combined Impact Of Fees And State Income Tax Breaks
Best 529 Plan Performance (ROI)
An Important Note About State Tax Breaks

What’s New For 529 Plans In 2026

There have been several recent changes to 529 plans worth knowing before you pick one:

The annual limit on qualified 529 distributions for K-12 tuition and expenses doubled from $10,000 to $20,000. Congress also expanded the list of qualified expenses to cover more K-12 costs and postsecondary credentialing programs (think professional certifications and licenses).

Rollovers from 529 plans to ABLE accounts, previously set to expire, are now permanent. And 529-to-Roth IRA rollovers (available since 2024) remain an option for leftover funds, though the IRS still hasn’t issued guidance on how a beneficiary change or a rollover to another state’s 529 plan affects the 15-year clock.

As remember to check your state’s rules! Just because federal law allows something doesn’t mean your state’s rules conform. You can select your state in The College Investor’s 529 Plan Guide and see what rules your state has.

Popular Ratings Of 529 Plans

There are several well-known ratings of 529 plans, such as: 

  • Savingforcollege.com: 5-Cap Ratings and Performance Rankings
  • Morningstar: Gold, Silver, and Bronze Ratings

These ratings are based on a holistic evaluation of 529 plan performance, considering the full mix of investment options.

More recently, Penn-Wharton published a study that compares the performance of each state’s 529 plan with a lower-cost, out-of-state plan. 

This study confirms two things:

  • Direct-sold 529 plans have lower fees than advisor-sold 529 plans, lower than 1%. 
  • Investors in 28 states would be better off going out of state for lower fees. 

This is similar to previous research, such as Savingforcollege.com’s Fee Study. The Penn-Wharton study identified California as the lowest-cost state since it has lower average fees on its set of investment options.

Two Investment Options Are Enough

A key flaw of all these studies is they use a holistic analysis to identify the best collection of investment options. Most 529 plans offer a dozen or more investment options.

But, all most families need are just two investment options:

  1. High-risk/high-return investment option
  2. Low-risk investment option

They can then mix these investment options to achieve an asset allocation that yields their desired combination of risk and return. Most of the performance of an investment portfolio is due to the asset allocation (e.g., percentage equities), not the specific investments included in the portfolio.

The high-risk investment option can be an S&P 500 index fund. Other stock funds, such as the Russell 2000 and a total stock market index fund, behave similarly to the S&P 500. 

Only about 75 stocks in these index funds dictate the performance of the funds because the funds are weighted by market capitalization. Everything else is just a matter of taste. Chasing after the latest fad, such as a REIT, foreign stock fund, or ESG fund, usually results in lower long-term performance.

Although the expenses vary by portfolio, the index funds usually have the lowest fees.

But the fees for the same index funds do vary by 529 plan, from 2 bp to 65 bp. (A “bp” is 1/100th of a percent.)

Combined Impact Of Fees And State Income Tax Breaks

The total annual asset-based fee was identified for the S&P 500 index fund for each direct-sold 529 plan. The fee information was extracted from the latest version of each 529 plan’s disclosure brochure or program description.

If the 529 plan does not offer an S&P 500 portfolio, a large cap or total stock market index fund was substituted, whichever had the lowest fees. Examples include the Vanguard Total Stock Market Index Fund and the U.S. Broad Large Cap Index Fund.

The highest state income tax break was also identified for each 529 plan. Two-thirds of the states offer a state income tax deduction or tax credit based on contributions to the state’s 529 plan

The fees and state income tax breaks were combined to calculate the net return on investment after investing $100 per month at a 5% annual rate of return for 10 years. This more naturally mimics the typical performance experienced by investors in 529 plans, in contrast with analysis that assumes a $10,000 lump-sum contribution.

A 5% annual rate of return, about half of the long-term return on an S&P 500 index fund, is what one could expect by using an age-based asset allocation on average. The monthly contribution amount does not hold much significance as the return on investment is proportional. 

However, $100 per month is low enough to ensure eligibility for the maximum state income tax break. The analysis assumes that the value of the state income tax break is contributed to the 529 plan as an extra contribution once a year. Fees are also subtracted once a year.

The result is shown in the following table, with Wyoming omitted since it does not have its own 529 plan or offer a state income tax break. The table is sorted according to Net ROI, from highest to lowest. 

The dozen lowest performing states either do not offer a state income tax break or do not have a state income tax. This includes three states with very low fees: 

  • Florida
  • South Dakota
  • California

However, offering a state income tax break does not guarantee good performance. Mississippi offers a state income tax deduction but also charges the highest fees at 60 bp, resulting in among the worst performance. 

Generally, there is a stronger correlation between the net return on investment and the value of the state income tax break than with having lower fees. There is no correlation between fees and the state income tax break, so higher fees are not necessary to provide better benefits to families.

Best 529 Plan Performance (ROI)

Here’s a breakdown of states, their fees, tax breaks, and net return on investment (ROI) in ROI order:

State

Fees (bp)

State Tax Break

Net ROI

Indiana

12.5

20%

87.8%

New Jersey

10

10.8%

74.3%

New York

12

10.9%

74.2%

Minnesota

8.1

10%

73.5%

Vermont

13

10%

72.6%

Washington DC

23

10.8%

72.2%

Wisconsin

4

7.7%

70.6%

South Carolina

0

7%

70.2%

Maine

4

7.2%

69.9%

Connecticut

7

7%

69.1%

Maryland

8

6.5%

68.2%

Kansas

2

5.6%

67.8%

Virginia

5

5.8%

67.6%

Rhode Island

10

6%

67.1%

New Mexico

10

5.9%

67.0%

Georgia

2

5%

66.9%

Massachusetts

7

5%

66.1%

Illinois

8.25

5%

65.9%

Utah

9

5%

65.8%

Michigan

3.5

4.3%

65.6%

Oklahoma

10

4.5%

64.8%

Alabama

17

5%

64.5%

Missouri

15

4.7%

64.4%

Nebraska

14

4.6%

64.4%

Louisiana

2

3%

63.8%

Iowa

14

3.8%

63.2%

Idaho

29

5.3%

63.0%

Arizona

7

2.5%

62.3%

Colorado

27

4.4%

62.0%

Ohio

12

2.8%

62.0%

Montana

40

5.7%

61.9%

Pennsylvania

16

3.0%

61.7%

West Virginia

40

4.6%

60.3%

Florida

0

0%

59.6%

South Dakota

0

0%

59.6%

California

5

0%

58.8%

Delaware

7

0%

58.5%

New Hampshire

7

0%

58.5%

Nevada

11

0%

57.9%

Arkansas

48

3.7%

57.8%

Washington

19

0%

56.7%

Oregon

20

0%

56.5%

Tennessee

20

0%

56.5%

Mississippi

60

4%

56.4%

North Dakota

46

2.5%

56.3%

North Carolina

25

0%

55.8%

Texas

31

0%

54.9%

Kentucky

35

0%

54.3%

Hawaii

55

0%

51.4%

An Important Note About State Tax Breaks

Before you make a choice, it’s important to understand one thing about how these tax breaks work: in most states, you only get the state income tax deduction or credit if you contribute to your own state’s plan. Contribute to another state’s plan, and the tax break disappears. This is why your home state’s plan is usually the right default, even if its fees are higher than the top plans on this list. (Each state sets its own rules… here’s why 529 plans differ so much by state.)

But that’s not universal. A handful of “tax parity” states give you the tax break no matter which state’s plan you use. If you live in one of them, you get the best of both worlds: pick the plan with the lowest fees (or the investment options you like best) and still collect your state’s tax break.

And if you live in a state with no income tax break at all, the tax break is off the table entirely. In that case, fees become the biggest driver of your net return, and you’re free to shop nationwide for the best plan.

Look for the lowest-cost plans that offer low fees to out-of-state residents: California or Virginia for example. While some states charge zero fees, many times that’s only open to state residents, so check eligibility before you enroll.

Methodology

This year’s rankings assume annual contributions, a 5% annual return, and that the value of the state income tax break is reinvested in the 529 plan each year. We did not cap the state income tax break, even though many states limit the deduction or credit.

Several states reduced their fees, which had a slight impact. (Two did not change, two increased their fees and 45 decreased their fees. The average change was 6.8 bp, which corresponds to an average 1% change in the Net ROI.) Several states reduced their highest income tax rates by switching from tiered tax rates to a flat tax. (21 states decreased their state income tax rate, 7 increased it and 21 states left it unchanged. The average change was 0.6%, which corresponds to an average 0.9% change in the Net ROI.)

Editor: Robert Farrington

Reviewed by: Ashley Barnett

The post Best 529 Plans For 2026: State Tax Breaks Beat Low Fees In Our Net ROI Rankings appeared first on The College Investor.

Cathie Wood’s Ark Invest Sold $7.4 Million of BioNTech Stock


On July 7, Cathie Wood’s Ark Genomic Revolution ETF (ARKG +0.86%) sold over 44,000 shares of BioNTech (BNTX 0.76%), a German immunotherapy maker. The next day, it sold over 78,000 shares, a transaction valued at around $7.4 million.

As of July 10, that left her asset management company with just 307 shares, valued at a little more than $28,000. Because Ark Invest holds positions worth millions of dollars and BioNTech is now the smallest holding in this entire exchange-traded fund (ETF), it may be fair to assume that Wood has moved on from BioNTech.

Image source: Getty Images.

What may have caused BioNTech to get the boot

One thing to know about ARKG is that it’s an actively managed ETF, so it’s common for the fund to move in and out of stocks frequently.

Ark ETF Trust - Ark Genomic Revolution ETF Stock Quote

Ark ETF Trust – Ark Genomic Revolution ETF

Today’s Change

(0.86%) $0.35

Current Price

$40.94

Because Wood’s ETF has now sold most of its BioNTech shares, it appears to be moving on, freeing up capital for Ark Invest. BioNTech stock has underperformed this year; as of this writing, its price is down nearly 4% year to date and has dipped more than 17% over the last 12 months. But there are challenges ahead that could continue to send shares lower.

One is that revenue is expected to land somewhere between 2 billion euros ($2.2 billion) and 2.3 billion euros ($2.6 billion) in 2026, a significant decrease from the 2.9 billion euros ($3.3 billion) reported for 2025. That’s largely due to an expected drop in revenue from its COVID-19 vaccine, developed in partnership with Pfizer.

Another financial issue is that BioNTech reported back-to-back net losses in 2024 and 2025, after a net profit of 900 million euros ($1 billion) in 2023. That trend of net losses will likely continue, as BioNTech already showed a net loss in its 2026 first-quarter earnings report.

There are also issues on the leadership front. BioNTech’s co-founders, Uğur Şahin and Özlem Türeci, are leaving the company by the end of 2026. Şahin is the CEO, and Türeci is the chief medical officer, so those are significant roles to fill. What makes that leadership transition even more challenging is that BioNTech has been shifting its focus from vaccines to oncology treatments.

BioNTech Se Stock Quote

Today’s Change

(-0.76%) $-0.68

Current Price

$89.39

Is it time to sell BioNTech?

The move from Ark Invest is notable. While investors shouldn’t automatically follow its lead in selling the stock, BioNTech is trying to overcome several challenges at once. The company has a promising clinical pipeline of more than 25 phase 2 or phase 3 trials in oncology, but it only has one commercial product — that COVID vaccine with slumping sales. All of this is complicated by the need to find new leadership.

If you haven’t invested yet, you may want to consider holding off on starting a position — at least until new management is found and the drugs in the pipeline show more progress.

The Real Reason Why Hyundai Workers Just Walked Off the Job for the Second Year in a Row: ‘Not a Single Robot’



Members of the Hyundai Motor branch of the Metal Workers’ Union are striking for the second consecutive year. Here’s why.

Rakuten: 100% Cash Back or 100X Points for Surfshark VPN


100% Cash Back for Surfshark VPN

🔃 Update: This offer is available again, which means that you can get free VPN or purchase Amex/Bilt points for 1 cent each.

Rakuten is offering 100% cash back or 100X Membership Rewards points for Surfshark. This is a good opportunity if you’re looking for a VPN provider, or just some spending on your cards.

Surfshark helps you access the internet safely and securely. It’s a Virtual Private Network, or VPN, that hides your IP address and creates a private connection so that your online activities can’t be tracked. In addition to the obvious benefit of protecting your identity, which can help you avoid identity theft, a VPN can also help you access materials you may not otherwise be able to see due to location restrictions. You can see the offer here.

Looks like the maximum you can spend is $133. So if you have your Rakuten account set to earning Membership Rewards points, you would get 13,300 points. Depending what value you assign to Membership Rewards, this could be a small profit.

If you don’t have a Rakuten account, sign up now to earn $50 or 5,000 Amex or Bilt points.

Gen Z’s analog obsession is reviving a film camera market that digital killed


It wasn’t too long ago that analog photography – which uses photographic film and chemical processing – was declared all but dead, relegated to the province of niche hobbyists and professional artists.

Digital cameras had taken over nearly all areas of photographic production. Film industry titans like Polaroid and Kodak had shrunk dramatically from their heyday, becoming shells of their former selves. Darkrooms, where students learned how to manually develop and print film, shuttered at high schools and college campuses across the country, replaced by digital labs. For most people, the spirit of analog photography was mainly channeled through Instagram filters.

In 2025, 35% of the 42 million active film camera users worldwide were reported to be between the ages of 18 and 30. The year prior, online searches for analog photography saw a 41% rise.

Disposable camera sales have been steadily increasing since 2023. The photography journal PetaPixel went a step further and announced 2024 as “film’s best year in decades,” as major brands have introduced new cameras in response to renewed demand and revived classic models. More than 30% of respondents to a 2024 Ilford Photo survey on film photography were in the 25-34 age group.

As I’ve witnessed more and more of my undergraduate art and design students embrace analog photography, I’m not seeing this as a trend rooted in a nostalgic yearning for the past. Instead, I’m seeing it as young people rejecting algorithms, breaking free from the alienation of social media and reacting to childhoods spent on Zoom and TikTok – a deliberate move to redefine the future of art, social connection and engagement with the world.

In my work as a historian of photography and lecturer at the University of Southern California, I’ll often ask my students about how they take photos – whether they’re using digital cameras their smartphones or analog devices.

This year, for the first time, some of my students discussed images they’d printed and the physical photography albums they’d put together of their friends and family. They talked about how they’d also been sending postcards, writing letters and tacking photographs to their bedroom walls.

New York Knicks forward OG Anunoby snaps a photo with a disposable film camera during the team’s victory rally on June 18, 2026, after winning the NBA Finals. Craig T. Fruchtman/Getty Images

I couldn’t help but think about how so much of the language tied to early social media seemed to refashion physical gestures for a virtual world – “posting” on a “wall,” “poking,” “tagging” and “bookmarking,” not to mention “friending.”

This was a rhetorical move by social media companies, likely designed to help people feel as though they were in a familiar terrain of social connection. Yet the underlying business model of these platforms depended more on maximizing engagement and advertising revenue than on nurturing authentic relationships.

Everyone knows what happened next: The more connected young people became online, the more isolated and detached they started to feel. The COVID-19 lockdown pushed social life online even further, and researchers are only now starting to see how the combination of increased screen time and isolation negatively affected adolescents’ mental health. By 2023, 51% of American teenagers reported they spend at least four hours a day on social media.

I see the attraction of analog photography as a response to life lived through screens, a pathway toward community engagement and the desire for what sociologists call “a third place.”

Coined by sociologist Ray Oldenburg in his 1989 book “The Great Good Place,” third places are meant as a space separate from home and work. They offer a reprieve for the in-between, generating the conditions needed for creative cross-pollination. They might include a local cafe, a neighborhood writing group, a weekly Magic: The Gathering game or a college fraternity – any space that allows for social interaction and personal growth.

These spaces also combat loneliness. They get people out of their heads and into a community. Oldenburg also referred to them as “havens of sociability,” places or gatherings where people can arrive alone to join others, and the atmosphere is “democratic and festive.”

Analog communities IRL

In April 2026, the inaugural AnalogCon took place in Los Angeles. Organized by the Los Angeles Center of Photography, where I serve as executive director and chief curator, it was a festival for all things analog photography. It didn’t just serve as a third place for photography enthusiasts; it also showed how analog photography – as a practice, ritual and community – is flourishing.

Vendors, industry leaders, artists and teachers participated in the two-day event, which included exhibitions, panels, demonstrations and guided photography tours around Little Tokyo. The excitement and thirst for similar events was palpable.

Photography now joins a broader trend of a generational preoccupation with physical cultural objects and media. Although music streaming represents 82% of revenues generated in the music industry, vinyl records sales have been rising for over a decade, crossing the US$1 billion threshold in the U.S. in 2025.

A table featuring an array of camera equipment spanning different eras, with hands holding some of the objects.

Customers peruse vintage film cameras at a stall on Brick Lane in London’s East End on June 14, 2026. Richard Baker/In Pictures via Getty Images

Nearly 60% of Gen Z are now purchasing records. VHS tapes and VCR players are also making a strange comeback, with stores like Be Kind Video and Videotheque in California offering VHS, DVDs and Blu-ray rentals.

But beyond that, record stores and video rental shops have become third places in their own right. There’s a big difference between selecting a film to stream from your bed and getting out of the house, going to a store and talking about movies with a clerk and fellow film enthusiasts.

Think about the sound a tape cassette makes when you open and close it, or the vibrant graphics on the covers of DVDs or VHS tapes. Think about rewinding or making a mixtape for your recent crush. These are objects of belonging that signal specific cultural moments, rituals and aesthetics, and many young people today are starting to experience them for the first time.

Now, think about gently inserting a roll of film into a camera. Think about choosing an angle carefully when snapping a photo, because the number of frames is limited and you want to make them count. Think about the thrill of discovery when the pictures finally emerge as objects on paper.

To me, these are more than fleeting trends. They signal a push against a digital culture that is designed to cultivate envy and reward outrage, insults and humiliation.

Instead, armed with rolls of film, more and more Gen Zers appear to be opting out of their algorithmic feeds in favor of experiencing life in ways that feel more deliberate, personal and tangible.

Rotem Rozental, Lecturer in Critical Studies, Roski School of Art and Design, University of Southern California

This article is republished from The Conversation under a Creative Commons license. Read the original article.

The Conversation