Don’t worry about keeping up with the Jones’ spending

This morning I made the following paraphrased comment on a blogpost which was offering sound advice to budding business owners and young adults (a link is below to “Push through your fear to achieve financial freedom”). It is a variation of a theme I have written a few times about.

As an almost 62 year old fart, part of the theme of this post – “The fear of being ostracized causes us to keep up with the Joneses” caught my eye.

A key word of advice to all people who feel they must spend to buy more things in some level of competition with the infamous Joneses. Ask yourself do you really need this? Will it make you happier if you buy it? I have an attic-full of things we forgot we have, that are obviously not that important anymore.

There is an instructive documentary movie called “I Am” by an action movie director. He wrote and produced it after he realized that buying the biggest of houses, did not make him happy. His realization occurred the moment he entered the house with his new set of keys and closed the door.

The movie reporter speaks with religious, spiritual, psychological and medical folks about what makes us happy. The key conclusion that is revealed is straightforward – money does not make you happy; however, the absence of money does make you unhappy. Once you have enough to put a roof over your heads and feed your family, there is diminishing marginal return to more money. And, more things.

I hope this thought might help. It helped me. So, don’t keep up with the Joneses. And, if you don’t like the above argument about watching your spending, there is book that might interest you called “The Millionaire Next Door.” It is about the person who spent wisely and saved and is now wealthier than you imagined as you were swayed by his ten year-old cars and his beat up lawnmower.

Come Monday, it will be alright

Ah, the lyrics from an early Jimmy Buffett hit. It has a down to earth line “I’ve got my Hush Puppies on, I guess I was never meant for glitter rock and roll.” I wish for people who are keeping up with the Jones, to realize that a pair of jeans, comfortable shirt and shoes are a far more preferable outfit.

A friend of mine said when he hit his fifties, he got to the point where he thought far less of what others thought of him. He actually was more colorful in how he defined this realization. So, you would not find him in a tie very often.

Another said when reaching that point, she decided that she would do her best not to suffer fools. So, she started declining offers to attend events or outings with certain insufferable people.

I mention these two examples as people spend far too much time worrying about things that they could avoid or don’t really matter. I am not a person that needs to have the latest and greatest thing. Trust me, you keep your sanity and save a lot more money. So, what if my I-phone is six years old. So, what if my car is eleven years old. They both work, even though they are not the shiniest of toys.

The second example sounds anti-social, but it is not intended to be. We each have high maintenance acquaintances and friends. They tend to require a lot of tolerance, as they are intolerant. Some can be downright overbearing.

Please know that I am far from perfect. My wife would say the same, but she is one of the better listeners I have encountered. As a result, she tends to collect a few friends who need an audience. It should be noted, she must take breaks from these folks as they truly wear her out.

Life is tough enough without trying to have every new thing or using precious time being talked at by someone who needs a listener.

So, let’s grab those Hush Puppies and worry less about the glitter. Glitter is overrated anyway.