Don’t Compare Yourself to Your Neighbors

The grass is always greener on the other side and your friends and neighbors will always seem richer and happier than you. This might make you believe you are entitled to the same things they are and do the same things they do. Unfortunately, spending your money to keep up with the Joneses will only affect your chances of enjoying a rich retirement.

“Establish a lifestyle where you put savings first,” Sweeney said. One way to do this is by finding a group of friends who believe saving is important and don’t pressure you into making unnecessary purchases.