00:00Two signs that you're doing well financially, even if it doesn't feel like it, coming from a
00:04qualified accountant and a former investment banker. Number one, you're focused on the wealth
00:08game. Society often measures success by the status game, the size of your house, the brand of your
00:12car, the label on your clothes. But 40% of people don't have enough money put away to support
00:18themselves for one month in the absence of work. So if they lose their job one month later,
00:22they're insolvent. If you're looking at someone else feeling behind financially because you don't
00:26own the same things that they do. Remember, wealth is measured by the things you don't see
00:31rather than things you do. Number two, comparing against the wrong people. Studies show that someone
00:36whose close associates earn $50,000 a year is going to feel bad about their own finances if they
00:42themselves earn $40,000. But that same person will feel good about their finances if their friends
00:48made not $50,000 but $30,000 a year. The issue here is that this is a never-ending cycle. There'll
00:53always be someone making more than you. So remember, finances is a personal journey,
00:58not a race against others.
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