I picked up the audiobook Love Your Life, Not Theirs by Rachel Cruze because the title intrigued me. I love money books that go beyond the numerics of financial success and talk about the mindset and juicy psychological piece.
I fundamentally disagree with many of her points, but here’s where we see eye-to-eye
I love Rachel’s idea of social media “comparisonitous” (yes, I made that word up). I try really hard (and often fail) to avoid comparing my life to the way people portray their picture-perfect worlds on Facebook and Instagram. This is a conscious practice because it’s really easy for me to get down on myself for not living a Pinterest-worthy life.
While this is a problem for many of us in all areas of life, Rachel addresses it from a financial standpoint. Her message is simple: “keeping up with fancy-but-broke people is the fastest way to financial ruin”. Preach it, sister! I couldn’t agree more.
I love how she frames #blessed as the official hashtag of “look at me” posts. This is so true! Let’s be real… your $759 per month car payment on a teacher’s salary isn’t #blessed, it’s #stupid.
But here’s where Rachel and I diverge in our opinions….
This is where I start scratching my head. I use my Chase Sapphire card for pretty much anything I spend money on for a lot of great reasons:
- It’s easy to track where my money goes
- It’s insurance against sketchy sellers (which I was able to take advantage of this week)
- I get free travel insurance if I have to cancel a trip due to sickness, weather or a host of other reasons.
- I get free auto insurance when I rent cars (which can cost as much as the rental car)
- I collect points up the whazoo to spend not just on flights, but also hotels and other things that I would have every intention of redeeming.
Credit Card Points: You’re not using them, so why bother?
You’re better off making your credit score non-existent.
So would I make having zero credit score a goal? Absofreakinglutely not. I do not recommend this strategy.
So rock on with your bad self, Rachel Cruze! Someone’s got to be out there on the edge. On that note, I’m off to see what I can do with all those airline miles I’ve racked up!