Lori Greiner is known for many things: television personality, entrepreneur, inventor, Queen of QVC, you name it. She is also the most successful Shark on the investor panel of the Shark Tank show.
Lori never planned on becoming a businesswoman. Her passion for creating solutions to everyday problems led her into entrepreneurship. And her breakthrough came with an earring organizer she invented, which became a bestseller and launched her into the world of business.
The Shark Tank star recently shared her two cents of very simple yet very effective advice: Don’t count other people’s money. Avoid measuring your financial worth against others. Just because someone seems successful doesn’t mean they are. Greiner emphasized that genuine wealth is about smart money management, not appearances.
Lori Greiner’s Best Money Advice
Comparing yourself to others can quietly drain both your wallet and your confidence. Taking a page from Greiner’s mindset, here are six simple ways to strengthen your finances and feel more content with your own path.
1. Avoid the Comparison Trap
Your feed might be full of people buying houses, driving fancy cars, or taking constant trips. It’s easy to believe everyone online has it all together. But appearances can be deceiving, as many are struggling behind the scenes or barely keeping up financially.
Try setting one or two money goals for the year, such as building an emergency fund or clearing a debt. Keeping your attention on your own finances helps you stay steady and worry less about what others are doing.
Make sure to keep your goals in plain sight, such as a sticky note on the fridge or a reminder on your phone.
2. Using Inspiration and Not Comparison as Motivation
You can never really know what’s going on behind someone’s perfect-looking life online. A person flashing luxury trips or designer brands might be drowning in debt just to look successful. It’s better to tune that out and focus on what you can control, i.e, your spending, saving, and planning.
Feeling inspired by someone else’s achievements can be a good thing if it fuels your own growth. Just pause once in a while to be sure your motivation feels healthy and aligns with what you actually want, not what looks impressive from the outside.
3. Why Comparing Yourself to Others Won’t Help Your Finances
Greiner says building true wealth is about creating freedom and choices in life rather than showing off money. For one person, it might mean living without debt. For another, it could be having the flexibility to take time off or assist a family member when needed.
A chronically ill person might say Health is wealth. The point is that wealth is subjective.
But before all that, take a moment to define what financial security and a comfortable life mean to you. Don’t use your local lifestyle influencer as a reference point.
4. The Importance of Acknowledging Your Progress
Constantly comparing yourself to others can make your own progress feel invisible. Do not forget to celebrate the small victories. These can be saving a bit more, cutting unnecessary spending, cancelling your Netflix subscription, not buying the latest iPhone, etc.
Pause to recognize your accomplishments as well, in the form of a special meal or a small treat you enjoy.
5. Staying Financially Smart in a World of Hype
Peer pressure and social media can push you into spending habits you don’t need. Seeing influencers flaunt luxury bags or business-class trips can make you feel like you should keep up, even if it’s beyond your budget. But more often than not, all of it is a marketing gimmick.
Ask yourself: Do you want to fall for such basic marketing and give away your hard-earned money? Marketing trends come and go, real wealth stays.
6. How Routine Habits Lead to Financial Stability
Greiner believes lasting wealth is created through consistent and thoughtful habits over time. You can start by automating your savings. The next step could be regularly adding to your retirement fund. Don’t be scared to look at the damage and review your budget each month.
Making these actions routine can create a sense of financial stability and reduce stress over money decisions.
Lori’s Gospel Truth: Play the Money Game Your Way
At the end of the day, Lori Greiner’s advice is a reminder to keep your eyes on your own lane. Today’s world might have it tangled up in the superficial razzle-dazzle, but real wealth is to feel secure, content, and in control of your own money story. The looking rich part is a gimmick designed to keep you toiling.
Stop keeping score with others; play the game on your own terms.
