~~~Perception Vs Reality Get Money Now

I absolutely love a photo that's taken by a friend while climbing in Utah. It shows me hanging precariously through the side of an rock face, 100 feet above the ground with out a rope. I am literally a slip faraway from falling to my death. Or am I? The truth is, I am about 3 feet over ground on this picture, but you'll never know that without me (or the photographer) telling you.

Too often our perceptions of events, people, and actions become realities to us. We believe our perception may be the absolute truth unless something comes along that force us to change our belief. Our brains are actually wired to trust our perceptions by using these vigor using heuristics, or mental shortcuts.

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I am constantly reminded of perception vs. reality when I see my friends on Facebook buying homes, cars, and boats... They seem so happy. It has came up with modern day version of Keeping up using the Joneses. Research research has actually shown that seeing how happy others are on social media sites like Facebook can cause depression about how crummy our very own every day life is in comparison. The perception is other's lives are really great, however the fact is they are only sharing the various components of the life they are happy with, and keeping the remainder to themselves.

Perception Vs Reality

What does all on this have to do with personal finance? Too often we believe if we might just get a home, a whole new car, or various other expensive toy we will be happy, much like everyone else. The problem using this logic is we have no idea the situation of the people we're trying to emulate. They may use a higher income than us, may are actually given some from the things we feel they bought, as well as worse, they may be around their eyeballs in debt.

Don't try to have what everybody else has since you believe it will cause you to happy. Your perception of other's situation, as well as a desire to get what you have, will lead to poor financial choices. And within the process, you could end up being the person another person is wanting to keep up with, bringing about a never-ending cycle of poor financial decisions. Break the cycle if you take control over your personal financial situation, and know that the perception of others people's lives is simply a perception, not necessarily the reality.

What would you think? Have you ever bought something simply because you saw someone else had it? Did it allow you to happy? Share your thinking below.



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