Reply to How do you deal with financial envy?

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[quote=Anonymous]Remember that appearances can be deceiving.  Some, perhaps many, people living seemingly affluent lifestyles may actually have relatively little because they are living extravagantly from paycheck to paycheck.  A big house may only reflect a large mortgage rather than lots of equity.  An expensive car may be leased, with high monthly payments, and no ownership.  Vacations may be put on credit cards, to be paid off at high interest rates over time from future paychecks.  People may have little in savings or investments, and may be facing relatively constrained future retirements when their working lives and high incomes come to an end.  High incomes do not mean someone is wealthy (see., e.g., the book "The Millionaire Next Door").

In other words, you may be financially better off than some of the people you envy, but you just don't know it because you only see their signals of financial success.  Those signals can oftentimes be given even if there's little of substance to back them up.

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