Trying to keep up with the Joneses can be fatal to one's financial future.
A lot of financial success is determined by our psychological makeup. If we are unable to control ourselves while allowing our emotions, especially envy, get the better of us, that can be a path to financial hardship.
In this video I discuss how many professional athletes and lottery winners are the epitome of the psychological mindset that creates poverty. They simply are not prepared for the wealth they receive and squander it on images of wealth.