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My Name Is Not Jones - The Dollar Stretcher
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The Dollar Stretcher blog will explore people and money.

My Name Is Not Jones

I find it fascinating how occasionally two ideas converge to create something new. I had that happen this morning. Early in the day I was reading something that reminded me that each one of us is a truly unique individual. We each have our own fingerprints that are different from all others. We each have a DNA code that belongs only to us. And, we each have a mind with memories, thoughts and feelings that isn't duplicated anywhere. That's really nothing new. We've all heard it before. But, it is pretty amazing when you stop to think about it. According to the U.S. Census Bureau the world population is over 6.3 billion people! And, every one of them is different!

The second part came as I was looking for items for the "Frugal News" section on The Dollar Stretcher.com front page. I found one that quoted Goodbye to the JonesesThe London Telegraph. It said that Britons were victims of 'chronic dissatisfaction' because they were struggling to keep up with the Joneses. The research showed that people were only happy if they were financially better off than the people that they spent time with. If they had more money, a bigger home or a faster car than their friends, all was well. But, if they didn't (and most people don't), then they were unhappy. The result was that they spent more time working trying to catch up to their neighbors and were unhappy while they were doing it.
Now, it doesn't take a Rhodes scholar to see that's dumb. Think about it. If I'm unique, what will make me happy should be slightly different than you. Just because I get the same house or car that you have I'm unlikely to be happy. Wouldn't it make sense to spend time figuring out what would make me happy instead of working harder to buy what you have or something slightly bigger?
Instead it appears that people just assume that they will be happy if they have a little bigger house than their friends. So they enter a lifelong race to see who can buy the biggest, fastest, mostest stuff! Talk about a foolish way to waste your life!
So what can you do about it?
Start by asking yourself if you've recently made purchases to keep up with the Joneses. Here are some possibilities: toys (boats, entertainment systems, skis, etc), clothing (designer anything), bigger home, fancier car, more exotic vacation, biggest collection of ______, etc.
Next, ask yourself what would really make you happy. Don't think just in terms of stuff that you can buy. Maybe seeing birds in their natural setting would bring joy to your life. Or maybe you want to have time to spend reading under a towering oak tree. Let your mind roam free.
Once you decide what would make you happy, make a list of what you would have to do to make that happen. It might take time. Maybe money. Perhaps some help from your spouse. Begin to ask yourself if you can make it happen.
Then go for it! Don't worry if you drive a 12 year old car that your friends kids you about. A new one will not make you happy. It's not your goal! Pursue your goal. That's what will make you happy!
What happens if you have a goal that's way to big for your checkbook or physical abilities? Then think along the same lines but a little smaller. Too old to become an astronaut? Then start saving for a trip to the Kennedy Space Center. Can't climb Mt. Everest? Spend time studying those who have through books and videos. Don't be surprised if these smaller goals don't bring you closer to your dream than you had imagined.
It's surprisingly easy to get rid of 'chronic dissatisfaction'. All you have to do is to decide that your name isn't Jones and stop thinking about getting what other people want!

What do you think about keeping up with the Joneses? Please share your thoughts. I'd love to see your comments!

Comments

 

Pat said:

What do I think about keeping up with the Joneses? I'm a total failure at it! Even my kids say so. Strangely, that makes me happy. :)

Seriously, I agree that keeping up with the Joneses is a good way to be unhappy. Why would anyone choose to be unhappy? Good post.

March 25, 2010 12:25 PM
 

Gary said:

Thanks Pat. I'm beginning to understand that we make a lot of decisions without consciously thinking about them or the underlying 'facts' that effect those decisions.

March 26, 2010 7:38 AM
 

Twitter Trackbacks for My Name Is Not Jones - The Dollar Stretcher [stretcher.com] on Topsy.com said:

Pingback from  Twitter Trackbacks for                 My Name Is Not Jones - The Dollar Stretcher         [stretcher.com]        on Topsy.com

March 26, 2010 3:28 PM
 

cheapchic said:

You are not the only one pat I left the rat race 10 years ago and by the way gary how invented the rat race I don't picture rats in a lab all lined up to the starting line and one lab  tech saying to the other lab tech ready , on your mark get set as the tech raises the cap gun and saying in a loud voice GO and they are off to the races all twenty five rats running down the hall they turn right oppps number ten did a blow out and he is out of the race 10 rats fall behind there goes the ric's rats in the world all 5 rats fall behind they are the middle class rats and 5 more are the rats are bomed out they live on the edge of poverty and the last 5 rats they get the royal treatment they are the billionairs they will be the jones let them compete while rats like us need to live in the real world so much for the fat rats Im out of the race.

This e-mail is dum for a prrpose if that is the jones thinking I don't want nothing to do with them Im my own jones...:)

March 29, 2010 10:55 PM
 

Millers Grain House said:

I absolutely LOVE this article!

If you don't mind, I'm going to post a link to it on one of my websites!

While reading this, I could actually FEEL how this could impact others and the way it could change others. Those who may have never looked at their own lives as if it were at keeping up with the Joneses before!

WAY TO GO GARY!

Be Blessed!!!!!!!!!!!

Donna

March 30, 2010 3:18 PM
 

Costume Carm said:

Gary, loved the article! Whats funny or not so funny is that you don't even know your doing it until your knee deep. I used to be this way, but now I kind of sit back and watch every one else (mostly my neighbors) trying to keep up with the so called Jones's and wondering when they will come to their senses. In the mean time I can be friends with them all because I am a happy person, and I think they're a little drawn to that happiness.

April 6, 2010 11:10 PM
 

Anna Marie said:

It is quite easy to get caught up in our American culture of "must have the latest whatever" even if it can only be purchased on credit. While I do have a standard of living that I prefer, I have found that there are lots of ways to achieve it without killing the budget. It does involve ideas like classic lines and being happy with an item that still functions the way I want or need it to. It also means that I have to be willing to maintain and repair what I have and make do with what's on hand. I would think that some would want to "keep up" with this family and we're not named Jones. We just live frugally.

April 24, 2010 8:48 PM
 

littlepitcher said:

Actually, Jones Mortuary is just around the corner, so I don't have to keep up with them. They mind their own business and I run ours.  They may not like it that way, but we're quite content.

All cat people know that cat petting is far more fun than rat racing.  

My personal suspicion is that burglars and fences invented competitive consumption, so they could steal better stock and increase demand for their hot merchandise. Frugality may decrease criminal motivation.

June 3, 2010 3:39 PM

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About Gary

For more than 25 years, Gary Foreman has worked to manage money effectively. Prior to starting The Dollar Stretcher, he was a financial planner and purchasing manager. While helping clients manage their hard earned money as a financial planner, he applied commonsense, time-tested techniques during the turbulent 1980’s. The experience convinced him that you didn’t need to hit the lottery to accumulate significant wealth. Following that, Gary had an opportunity to learn more about how to get the best value for a dollar spent in the corporate world. As the Purchasing Manager for a computer manufacturer, he was responsible for supervising over $10 million in annual purchases. Gary began The Dollar Stretcher website <www.TheDollarStretcher.com> and newsletters in April 1996. Over 300,000 readers benefit from the time and money saving ideas presented in The Dollar Stretcher newsletters each week. His mission is to help people "Live Better for Less". He also provides private label newsletters for companies wishing to provide money saving information for their clients and/or prospects. Gary lives in Florida along with his wife of thirty years and their two children. Much of his time is spent working with the men's ministry of his church. One of their ongoing projects is the "Holy Smoke BBQ" which sells bbq on Friday nights with the profits going to support local foster kids and orphans. When he has a free moment you’ll find him restoring a Checker station wagon nicknamed “Two Ton” or cruising in a '65 Impala SS Convertible with doo-wops playing in the background.


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Gary is a former financial planner and purchasing manager who edits The Dollar Stretcher website <www.stretcher.com> and newsletters. You can follow Gary on Twitter.com/gary_foreman
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