Stop Trying To Impress People With Your Money

If you are really trying to get wealthy, there are important life lessons to learn that will make you a smart money moves person.   It’s very difficult to pull down your guard when it comes to money.  You might be ashamed or embarrassed around poor financial decisions you made, and then tend to overcompensate by spending too much money just to prove that you can keep up with your friends or neighbors.  Here is a great post on how to build up your bank account and leave the right impression on others.

  1. You don’t have to dress for success anymore– Has anyone seen Mark Zuckerburg as of late?   Jeans and a hoodie will do just fine.  Don’t worry about the label on your clothes or your pocketbook. It just doesn’t matter.
  2. Be a leader– Perhaps you can be the one to suggest walking around a local fair or flea market, or even going to a free park to throw a Frisbee around while you bring some sandwiches.   Not all activities have to revolve around a Facebook moment.
  3. Be proud to buy used– Whether it is a used car, used clothes, or used furniture, there is no shame at all buying used.  In fact, you can often find great values on items and not have to pay for the depreciation or the wear and tear.
  4. Be proud about using coupons– Don’t be afraid to go out with another couple and use a coupon.  One of my team members found us a $10 coupon while we were at the restaurant the other night and saved us money!   Never feel embarrassed to use a discount card or take advantage of a deal.
  5. Avoid the gossip– Nobody walks around with their net worth statement pinned to their chest.   If people are talking trash about a neighbor or friend, don’t get caught up in it at all.  Surround yourselves with others who know that material possessions don’t mean a thing in life.

Most of the really wealthy people I know never show it in public.  In fact, one of the wealthiest people I deal with made me take him to lunch at Applebee’s last time we went out and he could have chosen anywhere!   Stop trying to impress others with big purchases and you’ll see your bank account start to fill up in a big way!

Written by: Ted Jenkin

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About the author  ⁄ Ted Jenkin @ Your Smart Money Moves

Ted Jenkin @ Your Smart Money Moves

Hey!

My friends and family all think I’m a workaholic, but I say I’m just a guy that loves to help people do better in life.

My mother is still the only one that calls me by my real name Theodore Michael, my wife calls me Teddy, but for the rest of you it is just plain old Ted.

Ever since I was a little kid, I always loved money and being an entrepreneur. In fact, I still have cassette tapes of me talking to my grandmother at the age of five and my mother tells me all the time how much I played with money as a kid…

Read More About Ted Here

Ted Jenkin is a frequent guest columnist for the Wall Street Journal and Headline News Weekend Express. He is the co-CEO of oXYGen Financial. You can follow him on LinkedIn @ www.linkedin.com/in/theceoadvisor or on Twitter @tedjenkin.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice.

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor regarding your individual situation. 

Background and qualification information is available at FINRA’s BrokerCheck website.

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