Don’t Let Money Dysmorphia Stand in the Way of Your Financial Goals
If you think you are struggling financially, you are probably right. The minuscule balance of your bank account on the last day before your next paycheck arrives tells no lies. Over the past few years, prices have crept higher, so you have to work ever harder to afford the same modest lifestyle. Conversely, if you think everyone else is rich, you are probably wrong, but there are plenty of compelling reasons for you to think that they are. First, there is the increasingly convincing illusion on social media. Deepfakes that superimpose the likenesses of broke people into apparently opulent surroundings are only the most recent layer in the grand charade of social media. You can even find life coaches and social media influencers that tell you that you can get rich just by pretending to be rich, and eventually the money will follow. The blogosphere, back in the days of blogs, used to call this phenomenon “keeping up with the digital Joneses,” back when the worst thing the digital Joneses did was to humblebrag about their allegedly gorgeous house and the dream vacation that they allegedly took. For help seeing past the half-truths of the post-truth Internet and paying off your debts that inflict real financial and emotional pain, contact a Philadelphia debt relief lawyer.
If You Aren’t Functionally Unemployed, It’s Probably Money Dysmorphia
Every time you click on a news site, you see depressing headlines about how people who earn more than $100,000 are barely making ends meet. This is doubly upsetting for you, because your current annual income falls far short of the six-figure mark. If the people whose income exceeds yours by tens of thousands of dollars are in debt and struggling to afford necessities, then what hope is there for you?
What all that clickbait is not telling you is that those 10 percent millionaires out there who are stressed out about money are fewer than you think. Only 25 percent of men and 12 percent of women under the age of 45 earn more than $100,000 per year. Fretting about how broke these folks are is akin to worrying about how expensive it is for celebrities to maintain their fleet of sports cars and their private jets.
Instead of losing sleep over how much money other people allegedly have, focus on yourself instead. How can you get rid of the debts you have with the income you earn, which may increase if you stay the course and keep working at your unglamorous job. For example, a debt consolidation loan will not get you out of debt immediately, but it will reduce the total amount of interest you pay on the money you borrow. It might also be worthwhile to do a credit card balance transfer or to negotiate with creditors about settling your debts for less than their face value amount.
Contact CONSUMERLAWPA.com About Focusing on Your Finances Instead of Other People’s
A Philadelphia consumer law attorney can help you if you are bummed out because of money dysmorphia. Contact CONSUMERLAWPA.com to set up a free, confidential consultation.
Source:
msn.com/en-us/money/other/money-dysmorphia-is-real-the-internet-makes-six-figures-feel-normal-the-actual-income-numbers-tell-a-very-different-story/ar-AA1VaNYM?ocid=msedgntp&pc=ACTS&cvid=697c16d3a9ae419fafb791d778302484&ei=25
