Welcome to 2018. I hope you had a wonderful holiday season are getting into the swing of things in the New Year. As the New Year comes a lot of people want to make sure they are doing what they can to make their year great. We are working on setting goals personally, financial and mental/health that we will share in the weeks and months to come.
Comparing Is Common:
Today I wanted to share something that has been on my mind for a while. It is hard to get caught up in comparison. We compare so many things on a daily basis: cars, houses, vacations, jobs and within the personal finance community, net worth. I think it is amazing when people are rocking out and have some pretty staggering figures for net worth. But they are never the whole picture and don’t take into account privilege and luck which is helpful context to these numbers.
We won’t share our net worth here. The main reason is that it just doesn’t matter. Sure it would be interesting to read, however it doesn’t mean anything. There would be no way that you could recreate it. So why have it up? To make you feel that you are further ahead or further behind a couple who writes about money on the internet? Is that going to further your own goals? I doubt it.
When People Are Doing Better:
Too often we feel badly about how some people are doing compared to us. When I see people have paid off their mortgage I get jealous and sometimes feel like we aren’t doing enough. Paying off our mortgage is a huge goal of ours but something we won’t get done for a decade, at least.
We are probably doing as best as we can with being down one income (the higher one) and dealing with job loss at the start of 2017. But because the information provided (someone paid off their mortgage) is just 1 piece of the overall puzzle you fill in the context yourself. You assume they live like you are if they can do it so can you. It doesn’t help that a lot of these stories also come with a subtle or not so subtle hint at that concept.
Everyone Has a Unique Path:
But no one is able to recreate the situation that someone else was in and have the same results. We aren’t even to replicate the same situation that we were in that has increased our net worth over the years. So comparisons don’t matter because they don’t give you more information or help get you where you want to go. They are just a highlight reel making you feel bad.
Don’t Dare to Compare:
So for 2018, I encourage you to focus on what you want to do and where you want to take your money and life. There is no sense in comparing yourself to someone else because you can’t get to where they are. You can only do you.