5 Ways to Ignore the Joneses

is a million dollars enough

Close your eyes for a moment, and picture in your mind a millionaire. What is she driving? What is he wearing? Where does this millionaire live? If you’re anything like the average person, you probably pictured someone with the following accessories and possessions:

Rolex watch Fancy Italian suit Expensive sports car Mansion on “millionaire lane”

This is what I used to picture too, but in actuality, it’s a far cry from what an actual millionaire looks like. According to the late Thomas Stanley in “The Millionaire Next Door“, the typical millionaire doesn’t give a rip about what you think about him, so he certainly wouldn’t be buying a fancy sports car or a new Rolex to impress you. Not to mention the fact that these items would severely decrease in value over time, and would definitely not benefit his financial status.

Instead of looking flashy in the latest styles, gadgets, . . . → Read More: 5 Ways to Ignore the Joneses

What If Your Net Worth Was Revealed?

Do you ever think about your net worth? Do you ever think about what someone else’s net worth might be? What if everyone’s net worth were displayed above their head, everywhere they went? These are the types of questions that run through my mind (for some reason) on a daily basis.

What’s Your Net Worth?

For those of you that don’t know, net worth is simply the value of your assets minus the amount of your debts. If your assets are worth more than your debts, you have a positive net worth! If not, then you net worth is negative.

How would you feel if your net worth was displayed over your head? Would you feel proud? Or, would you be embarrassed? I think if my net worth was displayed for all to see, I would feel ok about it. Most people my age are still hanging onto student loan . . . → Read More: What If Your Net Worth Was Revealed?