Here’s Proof You’re Not Actually Behind

In this video, I dive into a concept called "invidious comparison" and specifically talk about why we (as humans) do it AND how we can stop doing it for the benefit of our finances. I share 5 different pieces of "proof" that you're not actual behind in your finances, or in life. ✨ ▻▻ subscribe for more personal finance education! ✨ ➤ https://www.youtube.com/@wealthforwomenofcolor ▻▻ 👋 want more? visit: ➤ https://www.instagram.com/wealthforwomenofcolor ➤ https://wealthforwomenofcolor.com/ ▻▻ timestamps 🕒 00:00 Start of video 00:18 The cycle of fear example 01:01 What is invidious comparison? 03:59 1 - Conspicuous Consumption 07:47 2 - People Lie About Finances 09:48 The Instagram Effect 10:41 3 - Small Sample Sizes and Survivorship Bias 14:13 4 - Unlimited Metrics of Success 17:32 5 - The Hedonic Treadmill 20:09 3 key reminders for your financial journey 21:54 Final thoughts and gratitude ▻▻ resources & links mentioned 📚🔗 ➤ Sources for stats: https://openknowledge.worldbank.org/entities/publication/c97e0ad2-f123-5ea6-86dd-b1fa748b224e https://nypost.com/2023/10/20/heres-how-many-people-tell-financial-fibs-and-what-the-lies-are/ ▻▻ credits 🎥 ➤ Edited by: https://rafaeljohnpadilla.wixsite.com/visualsbyraf ►► DISCLAIMERS ⚠️ AFFILIATE DISCLAIMER: Some of my videos and descriptions may contain affiliate links and sponsored content. This means I may earn a small commission if you use these links, at no extra cost to you. With that said, I only recommend products or services I have personally vetted or used, and that I think may be helpful! ⚠️ CONTENT DISCLAIMER: This content is for educational and informational purposes only and is not intended as a substitute for legal, tax, accounting, or investment advice. When individualized advice is required, always consult a professional for guidance tailored to your specific situation. While Lissa holds certifications as a financial planner and counselor and is committed to making financial education more accessible, she does not provide specific professional advice through this channel or any Wealth for Women of Color content. Wealth for Women of Color is an educational platform and business. CFP Board owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the U.S. ▻▻ hi! 💁🏽‍♀️ I’m Lissa — I started Wealth for Women of Color because not enough women of color have a welcoming space to openly learn about money and building wealth. Join my community of 🏆winners🏆 who are building wealth, by subscribing and checking me out on other platforms. 💌 p.s. it's not a race! but if it was, you're winning 🏁 #personalfinance #wealthforwomenofcolor #financialeducation