#8 The Financial Tech Podcast: Keeping Up With the Jones’ are You?
Keeping up with Jones’… Are you sure that’s what you want?
http://finance.yahoo.com/news/How-to-Avoid-Money-usnews-930915813.html?x=0
Why do we find the need to compare ourselves to our neighbors?
- · A big part of our culture is based on competition
- · We have an inherent need to further ourselves
- · If you are not careful it feeds the “rat race” and leads to a dissatisfied life
We tend to overestimate other people’s financial positions
- · We exaggerate there income
- · We minimize their spending habits
- · We assume they are better than we are
What is the secret to finding satisfaction within your means?
- · Become a realist
- · Start a conversation with your family, or if you are brave, with your friends
- · Set some goals
- · Save first, then spend.
Check out some of the statistics you can find on on-line communities like Mint.com, but remember you don’t want to be average! Consider checking out some of my favorite blogs such as:
www.thomasjstanley.com – Great book called “Stop Acting Rich: And Start Living like a Real Millionaire”
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