Stop keeping up with the Joneses

 

Stop keeping up with the Joneses

  • Stop comparing yourself to others. Since you never know what anyone else's financial picture really looks like, it's important not to see their "apparent success" as "your own failure." Remember, you don't know their story and it's highly possible that your peers are living beyond their means as well.
  • Learn to live within your means. No matter how much you earn, it's important to spend less. Any other strategy is a recipe for failure. Start by tracking your spending to figure out where your money is going. You might be surprised at what you find.
  • Stop enabling yourself. If you can't stop spending, be prepared to cut yourself off. Cut up your credit cards if you need to or ask your spouse to do it. Something has to give.
  • Commit to your own financial well-being. One of the basic tenets of Get Rich Slowly is that "nobody cares more about your money than you do." That's why it's important for you to take action to improve your situation. Commit to your own financial well-being, because no one is going to do it for you.
  • Find value in yourself and in others. Material possessions cannot fill an empty heart. Instead of spending mindlessly, put your energy into your family and your relationships. That's where the real value is.

http://www.foxbusiness.com/personal-finance/2014/06/21/high-cost-keeping-up-with-joneses/

 

 

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