November 1st, 2013

The Difference Between Following Advice and Having a Powerful Mindset

By Ron Nakamoto

On a superficial level, the blog post below from Lifehacker talks about the right things:

 "Life isn't just about money. What dollar value would you put on your health? Your relationship with your significant other? Your friends? Your happiness? Steven Hirsch, CPA

But what Hirsch says next is where I believe there's an issue:

"If you feel jealous of someone else's finances, remember that there are probably things that you have in your life that would make them jealous."

In other words, just keep comparing yourself to others but shift your perspective.  The article also advises "come to terms with what you have and the things you can reasonably afford, and be happy with that".

Do these bits of random advice really help?  In a world of accelerating disruption and change, I'm skeptical about their effectiveness.

Instead, we're advocating a shift in one's way of being; living with a broader, more thoughtful set of principles, concepts, and tools that focuses on True Wealth not false comparisons.  Here's +Lee Brower talking about comparisons and false happiness.


Rather than avoiding "financial envy", the Empowered Wealth Mindset is about cultivating and living a better, happier, more fulfilling life.


Embedded Link

Stop Comparing Your Life to Other People to Avoid Financial Envy
The urge to “keep up with the Joneses” is universal. We see people with nice cars, new phones, and bigger TVs, and wish we had those things. That “financial envy” is driving many people to debt and bankruptcy. US News Money has a simple solution: Change your perspective on those things, and those people.

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