Keeping Up with the Joneses
EPISODE SUMMARY
In this episode of Building Us podcast, co-hosts Erik Garcia, CFP® and Dr. Matt Morris, LPC, LMFT discuss how the copy-paste model of emulating others works in achieving success in relationships, finance, and other life goals and the importance of finding the right mentor.
Episode Highlights:
- Matt shares his thinking on the meaning of “Keeping up with the Joneses”. (00:41)
- Erik explains the concept of social indifference and in personal finance. (1:20)
- Erik shares how “Keeping up with the Joneses” can impact personal finance decisions.(4:14)
- Matt explains how trying to emulate others impacts relationships. (05:10)
- Erik explains how the copy-paste method could be a positive alternative to “Keeping up with the Joneses” concept. (6:27)
- Matt shares his views on the application of the copy-paste idea in the counseling arena. (06:55)
- Matt talks about finding the right mentor to copy-paste their model. (08:46)
- Why people fail to ask questions about other relationships. (14:27)
- Erik explains how to prioritize financially based on the things that are important to you. (18:31)
- What are pros and cons of finding a peer or a pro as your model and who should you pick? (20:11)
- Matt shares the similarity between counseling training and blacksmithing. (25:14)
- Matt discusses the principles of copy and paste and how to implement them successfully. (27:40)
Key Quotes:
- “If you’re running hard, look around you and the people that are running around you, befriend them, and have your networking peer group.” – Dr. Matt Morris, LPC, LMFT
- “We’re so bombarded with images from other people’s value, we hear stories about them, information is so accessible to us these days, that I think it’s really important that you sit down and say – ‘I know what what’s important to me.’” – Erik Garcia, CFP®
- “Sometimes it’s important just to pay a little money and find a pro as copy and paste model.” – Dr. Matt Morris, LPC, LMFT
Resources Mentioned:
