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Financial Planning Post

Maserati dreams for Financial Independence dreamers?

Fridays are usually more relaxed than most days, and I often take my toddler to his day care (KiTA), we take a public transport street tram to a stop 12 minutes away, and then depending on his mood and weather, its either a stroller or his laufrad (walking bike) for the last 6-8 minutes.

Last Friday was the laufrad day, and he was loving that last stretch on his bike, giggling as we strolled away to his daycare. After dropping him there, I picked his bike and started to walk back to the tram stop. As I left the daycare, a Maserati Levante rolled up in the parking with another dad dropping his kid.

Breathtaking, isn’t it?

It wasn’t the first time I had seen this one, I have also seen people arriving in Porsche’s here to the daycare. Yet, each time I witness these cars, I am also reminded that I am 35 and I am yet to own a car. It also reminds me that these guys may not be much older than I am, and are possibly so far ahead of me that I might never catch up, they are the Top 1% of this country.

If those cars are a sign of their success and hard work, then is my using public transport frequently in comparison is…a sign of not being successful?

Many years ago, when I was 19, I had declared to a friend that I will own a Mercedes by the time I will be 25. At the time Financial Independence meant that I could spend money the way I wanted. Looking back, it was fine to dream big, but stupid to not have any plan, at 25 I had just about enough money to buy a 400 EUR laptop.

So back to the Maserati, it took me a while to recover from comparing myself with the rich dad, and reevaluate that today even if I cannot get a Maserati, I can very easily get a Mercedes on lease, but do I really need one? For anyone aiming for Financial Independence, one has to be stubborn about making intentional choices and decisions towards your ultimate goal.

Have you ever felt comparing yourself with others, based on their possessions? How did you tame your mind and cope with it?