Why Everyone Seems To Have More Money Than You

[@PenniesNotPerfection]

Does it seem like everyone have more money than you? It definitely feels like it sometimes!

[@kh884488]

@@PenniesNotPerfection at a certain point in life, it is easy to simply not care what other people buy, do or think. These days, my attitude is: Sure! Go ahead and buy the shiny, new gadget. I don't care.

[@zackhenderson4423]

I’m a banker, trust me a majority of people are drowning in debt. Don’t compare yourself to others because a majority of people are just trying to put on a show to impress.

[@PenniesNotPerfection]

So many people carry over balances and just pay minimums. It’s super normalized. I find debt stressful personally and love to help others get out of debt.

[@Raec123]

@@zackhenderson4423 thank you! I tell my kids, you don’t know what debt they have or where they got their money, it’s none of our business, focus on yourself and stop comparing your life to others.

[@DamonCassidy]

Yes I’m seeing the same thing

[@MrclMcx]

Oh my god its you dude, i was juet watching your video ​@@DamonCassidy

[@kump32]

I used to be in Debt.....Now I have zero debt except my house.....Its absolutely amazing getting to keep my paycheck.......And no people, I didn't rely on the government for my happiness...I took responsibility since I'm the one swiping the Credit Card, not my EMPLOYER OR GOVERNMENT!!!!

[@jeaninewebb7904]

Comparing yourself to others will steal your joy

[@PenniesNotPerfection]

💯

[@penguingobrrbrr353]

Its a human nature 😢

[@stewarthoi]

I always compare myself to others who are less fortunate.

[@PenniesNotPerfection]

It truly is human nature, so it's a hard habit to stop! All we can do is recognize that it will happen but dwelling on it can steal joy.

[@paulinejackson5861]

​​@@stewarthoithis is why you will never improve

[@michaelfranks341]

When I see so many people buying pools, new trucks,etc I always say, I dont want their debt or monthly payments

[@PenniesNotPerfection]

I’m with you on not adding a bunch of monthly payments!

[@TheMoneyMakingMentor]

Trudat!

[@mr.clumsy5829]

You got that right.

[@ssing7113]

True in most cases. Yet you do realize how many Fing rich people there are … I mean poor people can’t finance a Ferrari. Check how many ferrraris are sold a year. Then lambos. Rolls Royce. Billionaires are printed daily and as an example. One billion can make you 40 million tax free every year!!! That’s so much cash people don’t realize how much floats around

[@jrob8931]

Keep thinking that as I pay cash for those things.

[@orion7873]

My mom would always say "comparison is the theft of joy"

[@PenniesNotPerfection]

A very true statement yet as humans we naturally compare ourselves. It’s a hard habit to break!

[@adrianelias2365]

Just because someone has nice things that to me doesn’t make them rich. They may have just used a credit card for everything. True wealth is when you have zero debt and you buy things in cash! :)

[@PenniesNotPerfection]

Definitely agree. I’m a huge fan of living without debt!

[@katherinewas4896]

It’s the old saying “keeping up with the Jones” . Instead I choose my joy .

[@PenniesNotPerfection]

Great choice!

[@soniateach]

This is super relatable. And great point about tradeoffs. We have a lot of relatives who make more money overall than we do. But they make a lot of sacrifices in terms of their time & energy. We have prioritized flexibility, free time, and reduced stress instead of trying to drastically increase our household income.

[@soniateach]

But of course, that means making decisions like having a smaller older home with limited space for our kids. We will definitely have to get creative on how to utilize the space better when they get older, but for now it's working okay.

[@PenniesNotPerfection]

I also prioritize flexibility and reduced stress which sometimes means less income but I know myself and my values so it works for me! And I'm also similar with the smaller home now... we are obviously saving to eventually move but having such low housing costs really helps us now.

[@soniateach]

​@@PenniesNotPerfection yeah we're hoping to do the same! Do you have any videos that explain the correct way to save for a down payment if you want to move in 4-6 years? I was confused about whether to keep that in an HYSA or maybe keep part of it in a CD ladder so we can take advantage of current interest rates before they drop.

[@PenniesNotPerfection]

I don’t currently but I’ll work on a video!

[@crimson-crimson]

Just seeing someone with nice things: house, cars, clothes, tells you nothing about how in debt they are, if their credit cards are maxed out, how much they have in savings, investments, 401K. Looking at material possessions, it can all be an illusion.

[@PenniesNotPerfection]

It can be for some people for sure!

[@mr.clumsy5829]

Agree

[@ramiropema]

I keep on telling my wife exactly that “see out there it is all am illusion”, se our friend X, my cousin, etc… they owe everything, even clothes and vacations in one case, with a two month worth of savings for emergency. I know because they have told me.

[@tararigsby4451]

One thing to keep in mind is some people may have more money and flashy things but they may have a terrible marriage or a job they hate. Money isn’t our only identity in this life!

[@PenniesNotPerfection]

Definitely!!! Great reminder.

[@TonyMoze]

Love it 👏👏👏

[@gnorb]

I love the message in the last few minutes: being at peace where you are and defining your actual endpoint really puts everything beyond that into the right perspective.

[@PenniesNotPerfection]

Glad you watched to the end and agree!! 🩷

[@TonyRome402]

When you are young, everyone has more money than you. If you learn and grow, you eventually have more money than everyone.

[@FIRE_DrNinjaTurtle]

I only compare myself to the old me.

[@PenniesNotPerfection]

The best way to do it!

[@FerociousPancake888]

That person that has that Mercedes you like: they put $0 down and they’re paying $700/mo plus 23% interest on an 84 month term and they’re living paycheck to paycheck. Middle class people who appear to be doing “better” through material possessions are actually not doing well at all because they’ve fallen victim to hugely manipulative corporate marketing. Honestly, if you want a luxury car and you can’t buy it in cash, or you can’t keep the payments below 10% of your income and don’t have good credit, you can’t afford it and you shouldn’t buy it. People are literally renting out studios in LA that look like private jets so you can take a picture and your friends think you actually flew in a private jet. Unbelievably sad.

[@PenniesNotPerfection]

You are right on some of those car loans... the terms people agree to are insanely bad.

[@bluestaticsvs9610]

I just realized that the person with the nice car has a 1000 dollar car note.

[@PenniesNotPerfection]

Very often! Car notes are quite high these days.

[@z352kdaf8324]

Easy money for those of us working

[@PenniesNotPerfection]

It’s definitely affordable in many budgets.

[@bluestaticsvs9610]

@@PenniesNotPerfection For sure but I would rather put that money in a Roth IRA to save for retirement rather in a car payment for a depreciating asset.

[@millennialmoneyprogress]

So funny the trade off example of the couple that is always traveling is myself and my spouse. We drive an 8 and 12 year old car and don’t eat out often at home. We also are dual income and don’t have children. This makes a huge difference. Travel is our money dial.

[@PenniesNotPerfection]

You are a great example of this!

[@anthonyberger7696]

Growing up, my dad always said, “things are not always as they seem.” Really helped me be aware of when I start comparing myself to others. It’s a very helpful way to save, preserve wealth, and actually focus on the things you love and not what you think others will envy/appreciare.

[@PenniesNotPerfection]

Great thing to remember! Sounds like your dad did a good job setting you up for the real world.

[@ThatGamerDude9000]

My coworkers go on lavish tropical vacations, get their nails and hair done every other week, get tattoos, have luxury cars, but they know me and my 2010 Mercury Milan base model got more money than them, lol. I talked with one of them about it, and they said my net worth (70k) is near the amount of student loan debt they have. They say I should be having more fun with life, I let them know about 60k is "untouchable" money (emergency fund, retirement, savings for a house), 6k is in an account that I relegate to recurring payments (rent, utilities, gas, insurance, phone bill, groceries), and only 4k is in actual fun money.

[@marcelinorodriguez7628]

I grew up dirt poor so I never understood why people go broke trying to impress strangers that you might never see again. I live in a I bedroom apt, drive a 2015 Honda civic, and dress like Adam Sandler. Yes I can buy that 1 million dollar house cash and drive a hell cat, but I don’t

[@PenniesNotPerfection]

Sounds like you’ve found what works for you!

[@tinag183]

Priorities are so important and most clips just say "the Jones are broke" but in reality they might pay cash but like a vacation more than name brand mayonnaise. Thank you for talking about this.

[@PenniesNotPerfection]

Exactly! Everyone has different priorities for their money.

[@slny1208]

Love this video!!!! It sometimes can be frustrating seeing other around you look more successful than you, especially when you are focused on paying off debt. I learned a while ago that looks can be deceiving. I now only focus on my goals and I am happy with my situation.

[@PenniesNotPerfection]

So true!

[@Idkjk971]

Or it could be that they bought the house for a very low interest rates and at a good deal. My parents bought the house before covid and we are thankful for that decision. Now the same houses have crossed a half million dollar in value. So if you see a nice house it doesn’t mean they are rich. We are also living pay check to paycheck. Some people just got lucky. Now rent prices and mortgage prices are same. But the interest rates are higher unfortunately. As someone said in the comments section. This is a silent depression. I am shocked that no one is raising their voices. This year Costco already started with Christmas decorations etc in the month of August ? Even before Halloween. Something makes you think ?

[@PenniesNotPerfection]

Definitely the situation for many with housing.... it's true for us. We have more disposable income because we bought at a low rate with a low price. Housing very much affects how much people have and appear to have.

[@internetpointsbank]

Low interests rates are why house prices are the way they are. This has been escalating since about 2015. Investors have found that they can rent these houses for a decent profit when it's cheap to borrow money.

[@joelgrosschmidt5507]

My whole 20s I hit the grind, with no parents to help I constantly felt like doom was right behind me if I didn’t penny pinch and work obscene hours. Now in my 30s I’m making a quarter mil a year, have no debt, own my home and cars. All of this makes me want to celebrate hard earned success, but what I’m finding is my friends who were supportive when I was poor, now resent me lol.

[@PenniesNotPerfection]

The psychological behind this is fascinating. Do you feel like you’ve lost friends as you found financial success?

[@joelgrosschmidt5507]

@@PenniesNotPerfection I found that I’ve started accepting poor behaviour from people less and less. I realized at 30 that I’m not immortal, and with my limited time I don’t want to spend it around negative behaviour. Like my old friends still play video games 40hrs a week like we did when we were 18, but I don’t want to waste my life like that anymore. They still do and so they’ve just started involving me less. Anytime I try to motivate them to get their lives on track they don’t want to hear it.

[@Holthyr]

Yeah for sure on the trade offs. I have lived like I was poor for the last 15 years. I have a nice house but still dont pay for home internet. Someday Ill get it, just not yet.

[@PenniesNotPerfection]

Everyone makes trade offs of some kind, whether they want to admit it or not. Honestly, home internet could be removed if you just use your phone... I know people who do that and are fine.

[@Holthyr]

@@PenniesNotPerfection sometimes it feels other have more money. But whenever savings, equity in home, or retirement accounts come up it isn't even close. (I'm doing much better) But other times when my friends tell me the vacations they are going on...

[@robertmorris2576]

Great video, Mary! Things always look better on the other side.

[@PenniesNotPerfection]

Always!

[@treyedean]

Living a luxurious life on credit is not wealth.

[@PenniesNotPerfection]

That's true for those using credit!

[@DowntownCharlieBrown-w5c]

Everyone on the expressway has a 90k suv. A tahoe or bmw. What the hecht is going on.

[@PenniesNotPerfection]

It’s way more common! But the average car payment has gone up a lot in the last few years and many people pay $700-$1,000.

[@ashleyhakins2298]

Excellent video!

[@PenniesNotPerfection]

Thank you very much!

[@heatherminton9873]

I've been binge watching all of your videos and have been learning so much from you. I really want to open an HYSA Banking and savings account and just finished watching both your Ally and Capital One reviews I was wondering which you would think would be the best to use or start with?

[@PenniesNotPerfection]

Both are great options and honestly very similar. I think Ally is a little more user friendly in the interface and setting up savings and spending goals. So I’d probably give them a slight edge for that… but I personally love Capital One and have had better customer service there. Basically, you can’t go wrong with either one!

[@JoshuaEdward]

This is really good. I think one additional group of people are those who do make a lot of money but choose not to buy flashy things or share their travels on social media. Learning what their values are can help keep you in check with your own as your income does increase.

[@PenniesNotPerfection]

Great point! I have friends that make a lot of money and do really cool things with that money but you’d never know because they don’t share it publicly. And some people earn a lot but just don’t like to spend.

[@gcfun]

Comparison is the thief of joy

[@cpnurseries]

All my life I've strived to be the best that I can be and to achieve the best results possible. Now, I'm continuing that goal and journey - I'm giving my all to being the best bum that I can be.... finding new, exhaustive ways of doing nothing, achieving less and just bumming around. Having done this for two years now, I find that I'm the happiest that I've ever been and being a bum is the best lifestyle of all. 🙂

[@PenniesNotPerfection]

That sounds pretty relaxing tbh

[@cpnurseries]

@@PenniesNotPerfection Yes, I retired 2 years ago - after a lot of good decisions prior. It's just wonderful - I completely recommend it 🙂

[@zcorpalpha2462]

People don’t take time to think 💭 I bought a $ 2,200 leather sofa 🛋️ for $ 400. Store going out of business Wait for opportunities People are Stupid 😂

[@PenniesNotPerfection]

Sounds like you got a good deal!

[@UniquelyNeecee-ml8vd]

AMAZING VIDEO!! Thank you for these reminders!❤

[@PenniesNotPerfection]

Thank you!

[@rsd3719]

I get being jealous of when people get help from their parents, however there are some people, especially fathers, that work hard just so they can take care of their family. Competition and empire building is just engrained into some people.

[@jorgealbertomartinezortiz374]

Comparison is the thief of joy

[@PenniesNotPerfection]

It definitely can be!

[@Michele-hd1uh]

There are 8 forms of capital. We tend to lose sight of that if we only focus one piece of the pie. Contentment is another factor. Coveting never ends well.

[@PenniesNotPerfection]

So true about contentment and coveting… finding happiness in what you have is so important!

[@MrIMCP]

I'm just building quietly, paying a TON extra towards my home and investing.

[@PenniesNotPerfection]

👏👏👏

[@josseyreign]

Very Accurate

[@rogerwilco2]

It is stupid to borrow money to buy a car. Buy perishable items only with your own money. Only something like a house, business or education is worth borrowing for. Credit cards are evil.

[@catgodfrey6451]

Great video❤

[@PenniesNotPerfection]

Thank you!!

[@Blubbha]

Thanks God I compare not so much anymore but my wife. Then she asks me: why do you think they can afford this? My answer is often: they don't. We earn the 2,5x of the average family income and with three kids and the age of 37 we have a net worth of over 700k. For sure don't look like what you might think. Next door millionaire is a real thing. But it's hard to keep that mindset sometimes. Buy assets instead of fancy cars.

[@rogerwilco2]

It is because you are “trying to keep up”. Also, a lot of people live on borrowed money.

[@candybracelets]

Money isn't everything. I'm fairly well off financially because i don't have kids to pay for, but i regard anyone who does have kids as richer than me.

[@PenniesNotPerfection]

Such a great point because money truly is not everything.

[@curtk4174]

Whatever you do. Just don’t get paid flat rate.

[@tysonelite9561]

All my neighbors have pools, remodel their houses, etc. Not sure if they're in massive debt or just loaded

[@PenniesNotPerfection]

It's impossible to tell which is kind of the point. Unless you ask and they tell the truth we will never know! But I also wonder the same things since it could be either one.

[@joeriveracomedy]

In 21, I negoiated a lease for a lower monthly payment then purchased it in cash for 6k less than it was worth last Saturday. Timing I guess.

[@PenniesNotPerfection]

Good job!

[@joelabella750]

"The greatest wealth is to live CONTENT with little"- Plato -

[@PenniesNotPerfection]

Great quote!

[@jonathantrego]

Its easy, especially when you have friends where you know their situation well. When people who make less money than you have a way nicer car, way bigger house, and go out every night. They are in debt, using credit cards at clubs/restaurants, crazy mortgages, have a car payment instead of cash buying. Some people are willing to destroy their future to impress a couple randoms in the short term. You should not compare yourself to others, but if you do, remeber having older and less impressive stuff means you have more money and less debt (in 95% of scenerios.) Lots of people make themsevles poor to have the appearance of money (humans are stupid and care about social perceptions above true security, that's just how it is.)

[@iamyourfan9729]

09:00. Funny how people alsways see themselfes as the victim, not realising that just by having food, clothes and no war in their nation you're already more piviledged than a solid 50% of the worlds population.

[@PenniesNotPerfection]

100%... that is partly from comparing themselves only to their neighbors. Most people don't compare downwards and realize how wealthy they truly are.

[@Ojibwa_Islandboi]

I mean im sitting in my house with everything but my mortage paid off. I feel okay. I got a retirement and a work beater and a fun car. Vacations. Idk. I still feel like im falling behind. Lmao

[@PenniesNotPerfection]

I totally understand that feeling even if it's not necessarily based in facts. You're really actually doing well!

[@rogergeyer9851]

The only time I felt somewhat that way was in the 2005 to 2007 era, just before the bubble burst and so many CLOWNS re money got sent back toward zero.

[@PenniesNotPerfection]

That was a WILD time

[@raiden031]

I live in a reasonably affluent area. I would say it is true that most families i see in our social circles are doing better financially than us. I can already rule out that they are in massive debt. Why, because a lifestyle that involves massive debt is not sustainable and you would see visual signs of cracking so to speak. Instead their lifestyle continues to rise over time. I think the reasons are usuallty 1) breadwinner holds some kind of executive position or owns a successful business, 2) they are benefitting from a large inheritance, or 3) both spouses make an above average salary. The least likely reason is that they are living above their means

[@PenniesNotPerfection]

100% agree with your assessment for those types of areas... plenty of people really do have lots of money. The three sources you listed are pretty common!

[@jeziahchevalier9012]

I don't feel this way I make my own future the way I plan and have no interest in showing off or one up on others.

[@PenniesNotPerfection]

That's a great attitude to have!

[@lupa9527]

No car no debt money magically appears in your pocket

[@PenniesNotPerfection]

It's magical!

[@FugaConManolo]

How is it unfair that someone if boten into a good situation? That just means someone in there family line wanted their future family to do well. I’m not rich or wealthy by any means but I’m saving up for my daughter to be well in her future.

[@PenniesNotPerfection]

I'm surprised by how many people strongly objected to the word "unfair". People have no choice on which family they are born into and whether or not they get an advantage financially or are at a huge disadvantage financially to start.

[@peterpan4038]

Everyone has a problem or two, or more. Those folks that appear to live a "perfect" life typically have the worst skeletons in the closet.

[@PenniesNotPerfection]

That definitely does happen!

[@thorn_again]

I really appreciated the point about people being in different stages in life and how even a couple years can make a big difference. And also the point about needing to define what is enough for yourself and learning to be content with it. Great advice!

[@PenniesNotPerfection]

Thanks for watching!

[@KatieoftheHouse]

You nailed this video, Mary!!

[@PenniesNotPerfection]

Thanks Katie!

[@gigadolphin]

idky people are poor all you have to do is ask daddy for money. I was able to buy a nice house, a Lexus, and pay for college by the age of 25.

[@PenniesNotPerfection]

Congrats to you and daddy!

[@keekee8760]

Great video, thank you for sharing .

[@PenniesNotPerfection]

Thanks for watching!

[@thomaschew2191]

I have come to the point in my life where I want to simplify life not make more complex and I want less stress not more. Having no debt and a paid off mortgage, a decent emergency fund and not just talking about investing but actually doing it is more exciting to me than buying some expensive toy or vacation at the expense of our retirement security. I don't know why it is, but I seem to be a person that others want to share their financial situation with me and more times than not what I hear is a lot of debt and a little savings.

[@PenniesNotPerfection]

SAME! I'm all about making life less stressful which is why I'm all about paying off debt and living with less payments. I think you hear about people with lots of debt and little savings because that is the most common situation for people.

[@thomaschew2191]

This never made sense to me when we were paying off debt and not maxing our 401Ks but now that we have a little bit of money in savings and investments, we are buying small quantities of Gold and Silver. Not as an investment but rather as a place to store money in addition to our HYSA. One of my co-workers found out about it and gave me a tongue lashing because he thought it was a terrible investment even though I made it clear it wasn't. This guy has 100s of thousands of dollars of debt, mortgage, HELOC, car payments and credit cards and he is trying to advise me on personal finance. He tries to make me feel bad about our commuter car which is a semi-hoopty. But I don't care because I have FU money and he doesn't!

[@zeusmultirotor8479]

Everyone isnt doing better than you its that they're better at faking it

[@PenniesNotPerfection]

Well actually plenty of people are doing better than me financially! And then yeah others are taking it or in huge debt.

[@kwilde1131]

I recall talking to a fork lift driver on a job I was in not too long ago. He had an $80,000 electric pickup truck. Before this job he had been working minimim wage jobs for years. I know he didn't pay cash. It boggles my mind the crazy things people do.

[@ssing7113]

How come not one person in the comments said. Man there is some people who have tons of Shizz. And can afford it and are happy Why is there the negative notion of you have nice things you’re “piss poor internally”. . I’m rich. I have tons of nice things. And I have zero debt and I have millions in the bank. Yes I know how to manage money and I wear expensive clothes. Drive expensive cars. Go to expensive restaurants. Go on expensive vacations. Some people have money….

[@PenniesNotPerfection]

I’ve been surprised by that too, especially since one of my points is that… yes sometimes people do have more money than you! I think mainly it makes people feel better to assume people with nice things don’t have money but instead have debt. It makes you feel better when you can’t afford the same things. But some people really do have crazy high incomes and can afford those things easily. Congrats on both your great financial situation and the ability to enjoy the things/experiences money can buy!

[@raiden031]

It's usually out of frustration. When you have every entity out there trying to squeeze every penny out of you that there is nothing left, and you see Bob driving around with his giant truck and living in his McMansion, naturally resentment is going to develop. Part of the human condition.

[@lee-13]

Such a great video!

[@PenniesNotPerfection]

Thank you!!

[@ManyDoors777]

“The things you own end up owning you.” -Tyler Durden

[@O8WRx]

Keeping up with the Jones is no bueno. Social media doesn't help.

[@PenniesNotPerfection]

Social media has definitely made this a lot worse!

[@jasonbrown7258]

I look at it as some people have more debt than me.

[@PenniesNotPerfection]

Some definitely do!

[@tubatus]

We are not comparing the finacial status, we are comparing status symbols. I‘m good having a 2009 car, an old house without all the fancy gadgets.

[@PenniesNotPerfection]

Great way to explain it.

[@Elemblue2]

This is a self filtering video

[@PenniesNotPerfection]

It’s fascinating, honestly.

[@paulbellas8797]

Don’t spend your time keeping up,with the Jones’. My advice, invest your money and when you are in your 50’s the Jones’ will be keeping up with you…

[@wagon9082]

Good video

[@PenniesNotPerfection]

Thanks for watching!

[@Neddie2k]

I don’t care what people drive, I only care about the assets they own.

[@PenniesNotPerfection]

Very good mindset!

[@gordonallen9095]

It's not that some people have more money than you, they use more CREDIT than you. And are more than likely in more DEBT than you. More and bigger STUFF does not define happiness, or even success. Especially when you're going into debt to perpetuate that "lifestyle."

[@PenniesNotPerfection]

That's certainly true for some people. And others do make more money and can afford those purchases. We don't know simply by looking at what someone has without knowing how they purchased it.

[@Alamaru]

Why is it the hard work that might get someone that higher paying job, but when i work hard for my kinds future everyone justs wants to say they had an 'unfair' advantage. All the sacrifices i make now will set up my kids and their kids and hopefully start the ball rolling to uplife my families future going into generations. Its not unfair, its just a proce paid at a different point in time. /rant. Sorry that struck a nerve for me i guess 😅

[@PenniesNotPerfection]

Sorry that struck a nerve, but whether people consider it "unfair" or not, the point is that some people start out at a different point than others. Some people are given a head start financially because of the family they were born into - something no one gets to choose. It's great you are planning to give your kids an advantage. I plan to do the same for mine! But I also want them to know that not everyone gets that advantage in the real world.

[@Darkpara1]

My wife and I earn over 200k in NC. But it seems like everyone is living a better life than us, nicer cars, nicer vacations etc. But I know the math doesn't work when I know what they do for a living.

[@PenniesNotPerfection]

This is a very common feeling people are sharing in my comments over the last year.

[@mr.clumsy5829]

Great topic. Many people are materialistic in a sea of debts. In which, I don't want any part of it. Run your own race and be frugal.

[@PenniesNotPerfection]

Glad to hear you found what works for you! Frugality can be a game changer for sure.

[@alexanderdeclercq982]

I notice that, people up the street with a new BMW i35 i think and a nice new f150, and i drive a 2012 mazda3. but i have no debt and house is paid for.

[@PenniesNotPerfection]

Mazda3s are nice! And having no payments at all? Sounds even nicer to me!

[@dquan731]

The simplest answer is typically the right one. You feel others have way more than you because they really do. Focus on things you can change, not what other people have.

[@PenniesNotPerfection]

Definitely! Like I said there is always someone to compare to that has more than you. Even if you make millions you can compare to the billionaires.

[@Steve0C]

Also work for a bank and at least anecdotally the number of people maxing out home equity lines of credit or maxed out credit card debt is not understated.

[@PenniesNotPerfection]

The numbers on rising credit card debt post 2020 is alarming. I need to read up on HELOC increases because I'm sure you are on to it being a trend unfortunately.

[@azrielsmith3167]

I think it can be healthy to compare but the comparison should be balance sheet to balance sheet. When you compare based on appearances and home ownership etc., youre likely going to get depressed but when you take a look at the insane debt others are carrying compared to yourself, then all becomes clear

[@PenniesNotPerfection]

True! And most people can’t compare balance sheets since many would never share those details.

[@ancarlson7]

The advantage from the start is so true… when I was starting out with no money. My friend wanted to go buy a new car… my friend’s parents were paying 50k for his. I kept my old car.

[@PenniesNotPerfection]

It really does happen and it's silly to pretend it doesn't. That's just how life is and we don't all start in the same place.

[@edhcb9359]

Or…consider the fact that a lot of them actually have waaaayyy more money than you do! 😂

[@PenniesNotPerfection]

That’s definitely a reason in some cases!

[@edhcb9359]

@@PenniesNotPerfection My sister and her husband live down the street from us and think my wife and I are “wasteful in our spending”. I hear this quite a bit from other family members. She thinks my family income is similar to hers and I don’t have the heart to tell her that my wife and I invest more money every year than her and her husband gross, even with our cars, trips, and dining out. Point being, there is no way of really knowing what other people make, so why bother judging them?

[@PenniesNotPerfection]

Very true, and personally I wouldn’t tell them. Nothing good usually comes from that. But comparison (and judging) is human nature for most people unfortunately.

[@uncommon_name9337]

Because behind the facade most of them are drowning in debt.

[@PenniesNotPerfection]

That definitely happens sadly :(

[@kh884488]

When a car buying customer gets a lease, they get fleeced.

[@PenniesNotPerfection]

A lease can definitely be a fleece! But then again it may work for some people since many people get loans with high rates and long payoff schedules that they end up super under water when they trade in cars every two years.

[@ui4lh]

Me making 205k salary driving a 3k truck, saving 80-90% of my salary in investments and looking at people driving Luxury cars and thinking, you got to hold the line bud, it will pay off at the end.

[@PenniesNotPerfection]

That’s really impressive! Do you plan to retire early?

[@ui4lh]

@@PenniesNotPerfection hoping to, COVID did me dirty by screwing the real estate market and that set me back couple of years. You never know if something like that happens again so I only hope not, to be able to retire early. I'm 35

[@tmdrake]

I'm only struggling because i Need a place of my own.

[@PenniesNotPerfection]

I hope you get it!

[@BelieverJohn72]

This is bs. These people are living on credit. If they have anything more than me it’s debt.

[@jacobbenivamondez4460]

Robbing Peter to pay Paul

[@PenniesNotPerfection]

Very common

[@Raec123]

I was just talking with coworkers this past week and one makes about $18 less per hour, but her take home pay was about the same. NET. I was shocked. Then we talked about our deductions and she only contributes the company match of 2%, I have one retirement plan contribution 10% and the other 8%. I have over 100k more in retirement than them. I’m saving for my future while they are living for today

[@Idkjk971]

You are not sure if you will live up to your retirement. If I were you, save the money yourself in the bank rather doing those deductions. And you can enjoy of that money while you are young. Just my opinion. I will look into this option. I haven’t thought about it or paid attention to it. But it sounds like a good idea to reduce the deductions and save that money on your own.

[@PenniesNotPerfection]

There are a lot of people not contributing to retirement at all from my experience. It's hard to talk people into making those contributions and seeing their paycheck drop. But when the time comes and they need that money it will be a rough situation. Living for today works until tomorrow comes.

[@Raec123]

@@Idkjk971 thanks for the advice, but I’m not struggling. I’m not living paycheck to paycheck and the compounding interest and growth over the past years has been substantial. Sure I may not live til retirement but what if I do? I should burden my kids with my irresponsible spending? I’m fine with not having a car payment or buying luxury material items. I still vacation a few times a year and I’m comfortable with that. I’m also not considered young anymore

[@jamesross160]

​@Raec123 maybe it has to do with the 18/hour less they make, that they don't contribute as much. Just a thought.

[@mellojohnson5844]

I never got anything from my parents but calling an inheritance unfair is misleading, I think more people should blame their parents for not doing the right things or making bad decisions, instead of calling parents who sacrificed to give their children the best life unfair advantage. Think logically before replying.

[@PenniesNotPerfection]

That last sentence is hilarious

[@b4ph0m3tdk9]

People are buying on credit, you do not...

[@PenniesNotPerfection]

Credit is definitely used often by some

[@paulinejackson5861]

I always show my bf my friend's vacation instagram posts to pressure him to plan nicer things for us for our own vacations! Sometimes comparison is necessary.

[@PenniesNotPerfection]

Does this work for you?

[@tomasr.533]

Be careful with that one. Pressure from the gf to keep up with the Jones, can make the gf an ex gf if the bf has larger aspirations and expensive vacations, cars, etc, can get a focused, motivated person to say adios.

[@tristanbackup2536]

One way to end the relationship faster. Don't. Do. That.

[@1019lms]

Awesome video!! So many truths. 🙌

[@PenniesNotPerfection]

Thank you!

[@Tell_It_Right]

I can sum up the answer to the title of this video: Lies That's the answer to the title.

[@PenniesNotPerfection]

There are unfortunately plenty of people lying to look more impressive!

[@darylb5564]

I lasted 2 minutes

[@PenniesNotPerfection]

Longer than normal huh

[@zonejvm]

Wealth creation is a personal journey, do not compare.

[@PenniesNotPerfection]

Agree! Comparison rarely ever helps.

[@clintonwhite2966]

Be honest…..where do you finance bloggers buy your material? I’ve literally seen this EXACT same title in last 3 months no fewer than 10x. AND…literally, your post is word for word. Jesus

[@PenniesNotPerfection]

I don’t think anyone buys material. I don’t. Generally creators see an idea that’s interesting and remake it their own way. Each is slightly different but there is also only so much you can say about some finance topics. Unfortunately titles that work get reused because… they work. You’ve seen it that many times and still clicked on it, right? It’s actually a new tactic for me using titles everyone else uses…but clearly it works. I’ve made videos for five+ years on financial topics in unique ways no one else was doing… and it’s a struggle to get people to watch. People like to watch variations of what they’ve already watched. KZbin viewers are interesting like that. Thanks for watching though!

[@tucoramirez9729]

Maybe people need to stop trying to impress others

[@PenniesNotPerfection]

Very hard for people to stop that without a lot of internal work on why they do it

[@tucoramirez9729]

@@PenniesNotPerfection I agree