Wednesday, January 14, 2015

Quit trying to keep up with the Jones's...

"Quit trying to keep up with the Jones's because the Jones's are broke." -Orrin Woodward

Some people put reputation above all else and they believe that if they don't have the latest gadget-it will hinder their social standing.

"We buy things we don't need with money we don't have to impress people we don't like." -Dave Ramsey

There's a difference between looking successful and being successful and that's not determined by how good a car looks.
True wealth is how long you can maintain your current lifestyle without having any source of income. In other words, the guy who makes 1 million a year but spend 1.5 million is worse off financially than the guy who makes 30k a year but has a couple month's worth of savings, according to his lifestyle, in his bank account.

Revision Wednesday
Blog post originally created on December 11, 2013 and can be found here.

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