097 Beyond Your Wedding Day Podcast-Keeping Up With the Joneses
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*No one is born with financial smarts
-Just as we have to learn every skill in life (how to drive, swing a golf club, play guitar), the same is true for handling money
-The biggest problem with our current culture is that we just aren’t taught how to handle money well!
-A huge part of the solution is teaching the information in schools
-Being ignorant does not mean you are dumb. I am ignorant in many things!
-The key is to have a thirst to find out. Read books, go to classes, read blogs, listen to podcasts, etc.
-The exact same thing can be applied to marriage as well!
*Keeping up with the Joneses is not a good plan
-Most couples who look like they are wealthy and doing great are flat out broke
-Many of us like to put up a facade that we are “extremely successful”
-The reason we do these things is because we think that having lots of stuff is successful
*a big house, nice cars, perfect wardrobe, etc.
-The truth is that the average millionaire just doesn’t care about those things
-It can be EXTREMELY difficult to stop the facade and start telling people you can’t afford things or that you are selling your house, car, etc.
*It is a major hit to the ego
-Sometimes it’s family (gift-giving, vacations) and other times it’s friends (dinners out, weekend trips) that give us the most pressure to spend when we know we shouldn’t
-The really cool thing is that if you sacrifice now (sell your brand new Chevy Tahoe), you will be able to do whatever you want financially later!