Change These Three Things to Reduce Financial Stress

Money mindset tweaks you can try.

Many of us will admit, we spend money to impress other people, often on a daily basis, and usually to make us feel better about ourselves. In a society driven by advertising and aspirational social media posts, we spend on designer goods so others will judge us as cooler or better than we feel. We splash out on exotic vacations, primarily so we can post our pictures on Facebook. We buy a car we can’t afford purely to impress neighbors, who we probably rarely speak to.

As Ben Le Fort points out in this article, it takes confidence to be frugal. Only the truly secure among us feel that we are ‘enough’ exactly as we are. The less self-confidence we have the more likely we are to wrap ourselves up in the security blanket of expensive clothes, up-to-date gadgets, fancy cars, and big houses.

The truly wealthy don’t feel like this, of course. There’s a reason why so many millionaires don’t feel the need to indulge in conspicuous consumption. They’ve learned to have confidence in themselves and their values. They spend money on what they want, not what society tells them they should want, and often it’s something that isn’t obvious to the rest of the world.

Related posts:

Blockchain is well-known for underpinning cryptocurrencies such as Ethereum and Bitcoin, but it has the potential to transform various industries, including healthcare, logistics and supply chain…

As we know Google Cloud has recently launched its own Machine Learning Engineer Certification (https://cloud.google.com/certification/machine-learning-engineer). As of writing it has just passed Beta…

At the end of the 20th century, observations done by NASA of supernovae millions to even billions of light years away using the Hubble Space Telescope showed that the universe’s rate of expansion in…