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	<title>West Loop Financial LLCWhen Competition Obscures Financial Goals &#8211; West Loop Financial LLC</title>
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		<title>When Competition Obscures Financial Goals</title>
		<link>https://www.westloopfinancial.com/2014/08/11/when-competition-obscures-financial-goals/</link>
		<comments>https://www.westloopfinancial.com/2014/08/11/when-competition-obscures-financial-goals/#respond</comments>
		<pubDate>Mon, 11 Aug 2014 17:59:55 +0000</pubDate>
		<dc:creator><![CDATA[westloop]]></dc:creator>
				<category><![CDATA[New York Times]]></category>

		<guid isPermaLink="false">http://evolvemypractice.com/?p=1194</guid>
		<description><![CDATA[<p>Years ago, a friend with an incredibly successful career as a sales representative shared a story about what she and her brother called their W-2 Derby. It’s exactly what it sounds like. At the end of each year, they’d pull out their W-2s and compare who had the higher income. There were even rules for...</p>
<p>The post <a rel="nofollow" href="https://www.westloopfinancial.com/2014/08/11/when-competition-obscures-financial-goals/">When Competition Obscures Financial Goals</a> appeared first on <a rel="nofollow" href="https://www.westloopfinancial.com">West Loop Financial LLC</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p id="story-continues-1" class="story-body-text story-content"><a href="http://evolvemypractice.com/wp-content/uploads/2014/08/072814bucks-carl-sketch-master675.jpg"><img class="alignleft size-medium wp-image-1195" src="http://evolvemypractice.com/wp-content/uploads/2014/08/072814bucks-carl-sketch-master675-300x200.jpg" alt="072814bucks-carl-sketch-master675" width="300" height="200" /></a>Years ago, a friend with an incredibly successful career as a sales representative shared a story about what she and her brother called their W-2 Derby. It’s exactly what it sounds like. At the end of each year, they’d pull out their W-2s and compare who had the higher income. There were even rules for what really counted as income, and there was a prize for the winner.</p>
<p class="story-body-text story-content">When she first told me about it, I was impressed. I like a good competition as much as anyone. After all, I played high school football 20 years ago, and I used to do CrossFit. I’ve even found a way to turn yoga into a competition to see who can stretch the farthest before something tears.</p>
<p id="story-continues-2" class="story-body-text story-content">But the more I thought about it, the more it bothered me. The W-2 Derby had turned income, something that’s a means to an end, into the end itself. I wonder how many fewer vacation days they took or what other sacrifices they’d made to push their numbers higher for this competition. And for what? The prestige of winning a competition that doesn’t really matter?</p>
<p class="story-body-text story-content">Read the rest of the article on <a href="http://www.nytimes.com/2014/07/29/your-money/when-competition-obscures-financial-goals.html?_r=0" target="_blank">The New York Times</a>.</p>
<p>The post <a rel="nofollow" href="https://www.westloopfinancial.com/2014/08/11/when-competition-obscures-financial-goals/">When Competition Obscures Financial Goals</a> appeared first on <a rel="nofollow" href="https://www.westloopfinancial.com">West Loop Financial LLC</a>.</p>
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