Globally, we are not taught REAL financial literacy. So, it is no surprise that many of us make big mistakes around money. Comparing yours to other people’s money is one of them — good or bad. This is why you should stop IMMEDIATELY!
As I mentioned before, the long-held ideas we learn about money from a young age are wrong.
These false concepts stem from the middle-class mindset older generations passed down to us. But the truth is that middle-class won’t make ends meet anymore — if it ever did at all…
In general, people compare their finances to other people’s money in two ways. You will hear these “pocket watchers” say things like this:
- I’m envious of them because they have more than me.
- I am so grateful. There are people who have so much less than me.
Don’t do either!
Hating on others won’t make you more cash. And just because others struggle doesn’t mean you’re doing well.
Plus, comparing other people’s money to your own takes something away from you…
What Other People’s Money Will NEVER Do
At the end of the day, there are always going to be those who are doing better or worse than you…
Other people’s money won’t:
- Pay your bills
- Fund your retirement
- Help you get through financial struggles
More importantly, it will pull your focus away from what you need to do to reach your full potential.
Elon ain’t worried about what Bezos is doing or vice-versa.
Stop the comparison game and be great.
— Grant Cardone
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