The Darker Side of Keeping Up With The Joneses

The Darker Side of Keeping Up With The Joneses

Financial bloggers often speak of the downsides associated with keeping up with "The Joneses"; the folks who seem to be living that elusive "good life".

The thoughts go a little something like this:

  • You spend more than you intend to because they make you want things you hadn't even considered important.
  • You're never happy because you keep thinking about what they have that you don't.
  • You feel the need to get bigger and better versions of the newer things you own as soon as you see they've upgraded their lifestyle. 
  • You feel that, if you're a good provider like they appear to be, you need to be giving your family everything others are providing (education, leisure, experiences, material goods).
  • You feel that if you go to a good school you have a chance at a better life like theirs.
  • You never save enough because no one has their bank balance printed on their forehead but folks will sure notice that you're driving a beater or that you're not wearing the big brands.

If only that were the extent of the consequences associated with aspirational spending.

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What Fuels You? Do You Pursue It?

What Fuels You? Do You Pursue It?

A big part of my satisfaction in life is, and has long been, feeding what makes me tick. I love a challenge, adventure, continuous learning, new experiences and self-sufficiency. What I don't like is having a lot of structure imposed on my day, spending time with people "because it's what I have to do", seeking status, and suffering repetition and predictability over the long term. 

So what? I think it matters because knowing these things about myself helps me understand what I am naturally good at and what I should avoid. And, if I seek out and work on what I am naturally good at, I will likely produce better results for myself and others.

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