PF Chapter 5 Lesson 6 Your Spending Behavior

What is contentment?

• Appreciating who you are and what you have

• Wanting what others have

• Comparing yourself to others

• Being dissatisfied with your life

What is the first enemy of contentment?

• Comparison

• Debt

• Immediate gratification

• Entitlement

How can you change your perspective to avoid comparison?

• Realize that stuff equals wealth

• Focus on building wealth through debt

• Understand that most Americans are wealthy

• Recognize that wealth doesn't equal stuff

What should you do when someone else succeeds?

• Compare yourself to them

• Feel jealous and dissatisfied

• Celebrate their success sincerely

• Ignore their success

What mistake do many young adults make when starting out?

• Expecting a luxurious lifestyle right away

• Saving too much money

• Living with their parents forever

• Buying a house immediately

What is the danger of comparing ourselves to others?

• Feeling content and satisfied

• Developing a spirit of entitlement and jealousy

• Becoming wealthy

• Finding true happiness

What is the reality about stuff and happiness?

• Stuff can bring long-lasting happiness

• Stuff is essential for contentment

• No amount of stuff can make you happy or content

• Stuff is the key to success

What is the key to financial success?

• Taking shortcuts

• Building wealth in your 20s

• Saving money and investing wisely

• Comparing yourself to millionaires