RE: Measuring Financial Well-Being
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I totally agree with how lifestyle adjustments can affect one’s income. We usually are tempted to upgrade our lifestyle once we get more money, which in my opinion I think is unwise. Until you can comfortably pay for something 10 times, you definitely cannot afford it.
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This is where is important to be surrounded by the right kind of people. If they are used to spending much more than you are, peer pressure may be very powerful. Especially if they start to tease you instead of supporting you to grow first.
I totally agree! A friend that only helps you deplete your resources is really an enemy. Some people also like to live fake lives; faking it till they make it. Unfortunately, many people that have made it don’t really want to impress people with their choice of clothes or exotic cars.
That's why the best thing one can do is surround oneself with like-minded people. I know sometimes it's hard to let go of lifelong friends, but if they want different things in life, it's the best for both parties.
And that's exactly what will prevent many of them from making it.