We’re all in different places when it comes to our money. Many factors cause this, age, education, upbringing, and hustle to name some. No matter where you’re at with money, it can be easy to compare yourself to others, for better or worse. We’re all guilty of breaking the “Thou Shall Not Covet” Commandment—wanting something new and pretty that a friend has. Learning to be your own financial person keeps you focused on your own money-life and not worrying about what everybody else is doing with theirs.
Do Your Part
You’re in control of your money, and that’s where you should put your focus. Plan, prepare, budget, save, invest and spend wisely to have the financial success you want.
Don’t try to keep up with what everyone else is doing financially. Stick to what you can afford based on your goals. Live below your means and be you and don’t be pressured into living a money life that’s not you.
You’re Not A Mind Reader
There’s no way to know someone’s financial situation by seeing the nice car they drove out to a restaurant you’ve been saving to eat at, all year. Of course, you can assume how much money other people have, but you know what they say about people who assume. On the other side, you don’t know how much money a person that’s driving a duct taped Honda Accord from the 80s has either.
Don’t Try To Keep Up
If you’re tempted to get the latest and greatest cell phone or a newer car to impress others and keep up, then create your own Do Not Compete Agreement to avoid the temptation. Write out why you won’t be spending money to compete with others sign it. Ask your family to sign also. What’s going to work? Teamwork.
Do you when it comes to money—live in the present and be happy with where you are. Even if you aren’t exactly where you want to be, it will get better.
Talk to you soon,
P.S. In case you missed it, here are media mentions I’ve had recently.