The REALITY Of Personal Finance #Finance

a few years ago I thought I was doing everything right I cancel out the noise followed the financial advice chased the numbers and tried to live up to what everyone else called success but despite all my effort I still felt unhappy I felt stuck and trapped in a cycle of comparison

constantly measuring my life against what I saw on social media and flashy success stories I questioned everything and asked myself was I even on the right path that’s when I realized that personal text-decoration: none;">Finance wasn’t just about the numbers or following someone else’s blueprint it was about discovering what actually works for me that Turning Point didn’t come easy I had to let go of bad money Heavens chasing the wrong goals and redefining my

own version of success so today I want to share the lessons from the journey with you the struggles the breakthroughs and how I finally started building a life that feels truly rich and meaningful my help is that these insights based on my own personal experience and research will help you take the

first steps towards your dream life too the first thing I noticed very early on is that personal Finance is no longer about your personal priorities or goals if you’ve

ever caught yourself measuring your worth against someone else’s paycheck or scrolling through Instagram wondering why their life looks so much better you’re not alone a study has revealed that half of social media users have compared their lives to others on Facebook or Instagram

furthermore they have also found that 1% have felt the urge to buy a house of their own after seeing where others live via social media and 15% have considered purchasing a new car it seems like personal text-decoration: none;">Finance has become anything but personal it has become a status game what’s my friend striving for what is that my colleague has that I don’t what’s my neighbor spending on this Collective Obsession has turned into a competition of measuring

ourselves against each other with the goal to always come out as the winner a few years ago success meant making six figures then it was seven figures and now eight figures is the new gold standard and sure Inflation plays a role but this constant escalation seems like it’s

spiraling out of control so I asked myself where does it actually end to answer this Warren Buffett famously posed two Conor questions which address the flaws in the stateus game thinking would you rather be the world’s greatest lover but have everyone thing you’re the worst or the

world’s worst lover but have everyone think you’re the greatest the point is clear chasing external validation often leads to internal emptiness so if this comparison game doesn’t lead to happiness what does let’s take a look at research by Daniel kanman and Angus Deon they

had found that day-to-day happiness Rose as annual Income increased but above $75,000 it leveled off and happiness plateaued but why is this the case the answer lies in what I like to call the happiness cap material things often only offer a fleeing thrill the excitement of a new

car a bigger house or the latest gadget Fades faster than we’d like to admit as humans we adapt quickly to our possessions and what once felt like luxury can quickly become our new Baseline to break the cycle I started spending more on experiences like travel learning quality time because it

created longer lasting happiness for me and that again is actually backed by science a study found that people tend to feel happy when they spend money on experiences rather than material goods and it does make sense when you think about it because unlike objects experiences grow richer over time

through memories and meaning however there’s yet again a Twist a more recent followup to the $75,000 study conducted Again by Daniel Cayman and Angus Deon with pen integrates knowledge University Professor Barbara MERS as ARA revealed something crucial there might be to increased

Income and happiness with a cap of $100,000 for instance if you’re rich and miserable more money won’t help emotional well-being doesn’t magically appear with a bigger paycheck this is where things really got complicated for me personally once I learned about all

this new information money can buy comfort and convenience but it doesn’t guarantee fulfillment what I personally experience is the following happiness is more tied to how we spend our money and whether that is aligned with what truly matters to us if fulfillment is not about money or stuff

and sometimes it’s not even always about experiences what’s the answer the answer lies in personalization and authenticity For Better or Worse the reality is this you have to define success for yourself and that’s not only my personal experience a study revealed that people spent

more money on purchases that aligned with their personality traits reported Greater Life satisfaction for example a social person investing in events and an introvert creating a Cozy home this is why it’s essential to tune out the noise and focus on what feels authentic to you start by asking

yourself what are my core values am I spending in a way that aligns with what truly matters to me am I balancing enjoying today with planning for tomorrow finding balance is key extreme saving can leave you feeling deprived while overspending can lead to regret and instability instead instead of

rigidly following One Financial philosophy the goal is to master the art of moderation success doesn’t have to mean living in luxury or retiring at 40 for some it might mean traveling the world for others it could mean building a legacy for their family and for many it’s simply finding

peace of mind in a stable and fulfilling life now that we’ve covered the mindset what practical steps can help you make progress It’s because it’s one thing to talk about mindset and spending Behavior it’s another to turn it into action so let me share the three

transformative habits with you that have helped me regardless of Income or goals automate and separate Savings take willpower out of the equation by setting up automatic transfers to your Savings accounts start small and adjust as your

Income grows having separate Savings accounts for each individual goal like emergency travel or other big purchases makes it easier to triack progress and stay motivated second pay yourself first and invest before paying bills or spending set aside a portion of

your Income for your goals this simple habit ensures that your financial future takes priority now invest the money in Assets it’s like planting seeds that will grow into something bigger over time and third live below your means avoid spending more than you

can afford and don’t create a live that is solely Financed by Debt first earn the money then of the live only then it will feel authentic personal

Finance isn’t about keeping up with anyone else it’s about aligning your money with your values knowing your priorities and creating a system that works for you

the secret to True fulfillment isn’t a bigger paycheck or a flashier lifestyle it’s designing a life that feels Rich to you personally but remember none of these strategies will work if you’re still making Budgeting mistakes that sabotage your progress so before

you leave check out this CashNews.co up here where you speak about the top Budgeting mistakes or this one on how to set achievable financial goals