📺 Stream EntrepreneurTV for Free 📺

How the Comparison Trap Drives You Away From Reaching Your Goals The people you envy are most likely at a different point in their wealth journey.

By Jeff Rose

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Envy is a human habit -- and to keep it in check can be a battle against your natural tendencies. In this video, Entrepreneur Nertwork Jeff Rose explains it can be too easy to take notice of what brands people wear, what car they drive and where they vacation and feel envy. Eventually, you can get caught up in these details of other people's lives so much that you become wrapped up with "keeping up with the Joneses."

This habit of comparison often can spin out to a point where you are no longer focusing on your goals and your true values. Most likely, people you are envying may be at wildly different points in their wealth building. When making these comparisons to others, you often do not know these other people's full stories, which throws off the direct comparison of "apples to apples."

As Rose explains with a pair of shoes he coveted as a kid, these discretionary purchases often lose their value to you over time.

Click play to hear more about the comparison trap.

Related: How This Digital Marketing Guru Went From Being Flat Broke to Making Millions

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.

Click here to become a part of this growing video network

Jeff Rose

Certified Financial Planner, Author and Blogger

Jeff Rose is an entrepreneur disguised as a certified financial planner, author and blogger.  He's best know for his blog GoodFinancialCents.com and book, Soldier of Finance: Take Charge of Your Money and Invest in Your Future.  He's also the editor of LifeInsurancebyJeff.com. He escaped a path of financial destruction from dropping out of college with over $20,000 of credit card debt to become a self-made millionaire. His mission is help future generations achieve financial freedom by developing strong money habits and unleashing their entrepreneurial spirit.   

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from Jeff Rose

This Certified Financial Planner Explains How to Invest $10,000

How I'm Picking the Best Stocks Right Now

Michael Jordan's Top 7 Rules for Success

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Business News

These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report

Here's where Airbnb property owners and hosts are making the most money.

Business News

Samsung's New Ad Pokes Fun at Apple's Controversial 'Crush' Ad

Creative universes overlap in a new ad from Samsung.

Starting a Business

This Couple Turned Their Startup Into a $150 Million Food Delivery Company. Here's What They Did Early On to Make It Happen.

Selling only online to your customers has many perks. But the founders of Little Spoon want you to know four things if you want to see accelerated growth.

Productivity

Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.