Comments on: The Joneses Are Your Enemy

By: ATV Auctions

ATV Auctions — Wed, 23 Sep 2009 23:29:16 +0000

The Joneses may lead you to make bad financial decisions, but they can also act as motivation. By seeing what they have, you might be inspired to work that much harder. So it can be a negative or a positive depending on how you deal with it.

By: Number Sleuth

Number Sleuth — Sat, 12 Sep 2009 03:11:18 +0000

I think we can all learn something from the story The Tortoise and the Hare. That is: slow and steady wins the race. Nothing wrong with wanting to have nice things, but not to the exclusion of your disciplined and consistent investment plan.

By: Metal Briefcases

Metal Briefcases — Wed, 02 Sep 2009 22:16:08 +0000

i agree that this is a problem for many, including myself. It is very easy to look around at your friends and acquaintances and compare your own financial well being. If they have a nicer car or house, it is only natural to want something similar. You’ve been working hard too, so why shouldn’t you have these things too? The problem is that you might put these status symbols ahead of more practical investments. I made the mistake of investing in a nice car before buying an apartment. So now to keep up with my friends on the road, I am paying the price of more years of rent instead of paying off a mortgage.

By: Ashley

Ashley — Mon, 31 Aug 2009 22:09:39 +0000

The funny thing I’ve found is people trying to keep up, but the Joneses don’t even know that they exist. Most people are spending a bunch of money to keep up with people that could care less what they are doing. Sometimes the Joneses are just too self-absorbed to acknowledge what anyone else is doing.