We live in a society that praises high incomes and the acquisition of material objects. They've become a symbol of financial ease and success. There's an assumption that when someone has a high income, bigger house, nice car, and so on that they have it altogether financially. I can tell you as a personal finance expert that isn’t the truth.
Another result of seeing this as a symbol of financial well-being is we tend to compare ourselves.
Have you ever heard this quote from Theodore Roosevelt?
“Comparison is the thief of joy.”
This is especially true in finance. You can get better traction toward a financially happy and whole life by not spending most of your time comparing your financial success to others.
In this episode, I'll share more about this controversial topic as I too have suffered from financial comparison over the years only to break the spell in 2023. I'll discuss:
Knowing when you're comparing yourself financially
When and how you should use comparison to improve your finances
How to create your own financial joy
Exercises to see your financial progress
If this episode helped you, subscribe to The Money Itch podcast on your favorite podcast player listed below:
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