Personal Finance
You can’t see their savings. But you can …
By Taking Care Of My Own Business  •  June 2, 2019

… see what others are spending.

And that is a problem.

Due to our envy bias we do pay more attention to how our friends and neighbours spend compared to how they save.

Well, comparing with friends might be a bit understandable. But comparing with your neighbours is rather irrational and random.

You do not need to earn other people’s approval.  Who told you that this would be important in life?

Why do you still do it? Social Comparison Bias Attentional Bias External validation where you put more weight on how we are seen in others’ eyes than how you evaluate yourself.

Just a thought: Would you prefer to be considered the best lover in the world and know privately that you’re the worst — or would you prefer to know privately that you’re the best lover in the world, but be considered the worst by others?

Let that sink in for a

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By Taking Care Of My Own Business
Why you should be Taking Care Of Your Own Business or why you should Tacomob. Hi, my name is Andy.Andreas G. Schmidt (aka Andy) What motivated me to create this website? Well, sometimes, one can observe a lot by watching ...
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