1068: Comparison AND The Danger of Success by Al of FAConfessions on How To Achieve Financial Happiness
Optimal Finance Daily - Financial Independence and Money Advice
Optimal Living Daily LLC
4.5 • 1.3K Ratings
🗓️ 11 February 2020
⏱️ 11 minutes
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| 0:00.0 | This is Optimal Finance Daily, episode 1068, comparison, and the danger of success, both by |
| 0:07.3 | Al of F.A. Confessions.com. |
| 0:10.7 | And I'm Dan, I'm here every single day reading to you from some of the best blogs on personal finance. |
| 0:16.0 | Today I've actually got two posts for you from FA Confessions. |
| 0:20.0 | So without any delay, let's get right to it and start optimizing your life. |
| 0:28.0 | Comparison by Al of F.A Confessions.com I often wonder why money is such a secretive topic. We'll tell strangers about our |
| 0:38.0 | house, clothes or vacations. We constantly post our highlight reel on social media, but universe forbid if the topic of money comes up, we go silent. |
| 0:47.2 | It's almost like a game of show me what you have before I'll tell you what I have. |
| 0:51.6 | Even as a financial advisor, it's a very delicate topic to |
| 0:54.8 | approach. My standard explanation is I'm going to need to ask some personal questions |
| 0:59.6 | not because I'm nosy but because I need you to understand your current situation in order to make appropriate recommendations for you. |
| 1:07.0 | This typically works like a charm. You wouldn't believe some of what I hear. |
| 1:10.7 | People will open up about money, family, divorce, children, drug addictions, even bowel movements. |
| 1:17.0 | It's like they've been waiting for a safe space to unload about all the perceived taboo topics. |
| 1:22.0 | What I've found is that underlying our refusal to discuss money is comparison. |
| 1:27.0 | In the rare occasions I've shared my own income with friends, |
| 1:31.0 | it creates an image or perception. Either they feel bad because their income is lower, |
| 1:36.0 | or I start to feel worse because their income is higher than mine. It often changes the relationship dynamic, |
| 1:41.6 | and usually not for the better. |
| 1:43.7 | You just start to look at the person a little differently. |
| 1:46.3 | For better or for worse, it invites judgment based solely on money. |
| 1:50.8 | In programs such as Alcoholics Anonymous, it's a level playing field. |
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