It seems in the 21st century it is harder and harder to keep your eyes on your own paper and focus on your own goals and dreams instead of joining the rat race to keep up with the Joneses. With Facebook, Instagram and other social media platforms giving us a glimpse into everyone’s lives it can be extremely hard not to compare how you are doing financially to others.
It’s incredibly easy to get sidetracked from your own financial goals when you are trying to compare what you are doing with what it looks like everyone else is doing. Try to avoid asking how others afforded a new car or went on that fancy vacation. Remember, people only put the best version of their lives on the internet. This is where the mantra of ‘Run Your Own Race’ can help keep you on track.
Whether it’s tracking your monthly savings goals, your net worth growth over time, or checking in on your retirement plan balance, remember to only compare your current financial position with your previous self since that is the only metric that counts.
Treat your retirement planning as a training regiment, like you’re training for a marathon. Focus on consistent repeatable savings, avoid costly mistakes like high fees, and be diligent about tracking your success toward your stated goals.
If you and your life savings are being ignored or feeling taken advantage of, come join our family. We are a family-owned financial planning and investment firm who promise to treat you like family. No products. No hard sell. No gimmicks. Just honest advice based on four decades of experience.