Money Pit: Keeping up with the Joneses | DIY Money Video
In this episode of DIY Money, Quint and Logan explore a common financial trap: trying to keep up with the Joneses.
Whether it’s a new car 🚗, a bigger house 🏡, or luxury vacations 🏖️, it's easy to fall into the cycle of spending to match others, especially in the age of social media. 📱
In this episode, we cover:
📵 Why social media can pressure you into overspending
💬 Real stories of starting small and building financial strength
💳 The danger of “buying payments” instead of actual value
💡 How to develop financial discipline as a team
🧠 The mindset shift that leads to long-term wealth
And remember, the secret to wealth is pretty simple: live on less than you make, invest the rest, and do so for a very long time. Make it a great one!
📬 Have a question? Send it in to [email protected] for a chance at a $25 Amazon gift card!
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DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing
Quint Tatro, Daniel Czulno, CFP®, Logan Gilland, CFP®, and Allie Howard take a passionate look at everything money, including budgeting, savings, investing, stocks, bonds, debt, and more. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, and BiggerPockets, it’s worth a listen!
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📌 Related Terms:
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⏱️ Timestamps:
00:00 Introduction
01:09 Current Economic Concerns
02:28 Avoiding the Trap of Keeping Up with the Joneses
04:36 Personal Stories of Financial Discipline
11:04 The Importance of Financial Discipline
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📝 Disclosures:
*This show is for entertainment and educational purposes only, and is not intended as personal financial advice. Before making any financial decisions, please do your homework and consult a financial advisor as needed.
