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It can be difficult to spot friends who go overboard, said Kevin Huffman, owner ofKriminil Trading.
He said examples include constant buying of clothes, fancy appliances or luxury vacations with no tangible income.
Below are the top signs that signal to your friends thatyour lifestyle outpaces your paycheck.
You Portray a Luxurious Lifestyle on Social Media
Social media is likely the biggest culprit.
Kevin Shahnazari, founder and CEO ofFinlyWealth, agreed.
He said its important to remember that appearances can be deceiving.
Its important to focus on your own financial goals and not compare yourself to others.
Shahnazari noted the same.
After we created a realistic budget based on her actual income, she found genuine financial independence and confidence.
Having financial independence is essential tosecurity and mental peaceof mind in the long run, said Huffman.
Here are some tips he recommended.
Remember, financial journeys are personal, Huffman added.
Celebrate one anothers accomplishments and work together toward afinancially stable future.
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