Avoid comparing yourself to others from "summary" of The Psychology of Money - Gujarati Edition by મોર્ગન હાઉઝેલ
When it comes to money and success, it is easy to fall into the trap of comparing ourselves to others. We see our friends, family, and colleagues achieving certain milestones or acquiring certain possessions, and we can't help but wonder why we haven't reached those same levels of success. However, this comparison is not only unproductive but also detrimental to our own financial well-being. Comparing ourselves to others can lead to feelings of inadequacy, jealousy, and even resentment. We may start to question our own worth and capabilities, which can hinder our ability to make sound financial decisions. Instead of focusing on our own goals and priorities, we become fixated on what others have accomplished, which can distract us from our own path to success. Furthermore, everyone's financial journey is unique. What works for one person may not work for another. We all have different values, circumstances, and goals, so it is unreasonable to expect that we should be on the same trajectory as someone else. By constantly comparing ourselves to others, we lose sight of what truly matters to us and what will bring us fulfillment and happiness in the long run.- Without constantly looking over our shoulder at what others are doing, we can make more informed and intentional decisions about our finances. Ultimately, the key to financial success lies in staying true to ourselves and our goals, rather than getting caught up in the comparison game.
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