Let’s Talk About Money
Not knowing how to fix your money problems won’t make them go away
This article is general in nature and doesn’t tackle the societal issues that cause poverty. Instead it’s for those of us that could be doing better with our money - but aren’t.
I’m getting older, and as I age I’m finding it harder and harder to keep myself quiet during situations that ooze relentless ignorance.
Most people don’t know what to do with their money, and that’s ok. What’s not ok is getting mad when the conversation comes up or brushing it aside because it bothers you.
“Psh stop it. This boring crap is for rich a holes and their entitled kids”
I just want to grab them by their stupid necks and strangle them as I yell
“This crap is how we avoid living on the streets when we’re old and sick but can’t retire because we didn’t have conversations like these!!”
Argh! Why don’t people want to have money conversations? I’ll tell you why..
People don’t want to engage in conversations about topics that make them feel stupid. They know they’re suppose to know more about the topic, and don’t want to risk looking like an idiot.
If this reason describes you, then take this moment to relax.
People who run financial institutions want you to feel stupid when engaged in conversations about money. Making you feel stupid is how banks and financial advisors can get away with ripping you off. The advice they give is no better than that being offered by Dave down the street who retired in his mid 30’s.
Good onya Dave
In fact, I’m far more inclined to listen to Dave than some middle manager at the bank who’s counting down the days left until Christmas break.
Not only do the elites hope you’ll feel stupid, they’re relying on it. Part of what makes the 1% so rich is that we’re not being given our fair share.
It’s a new decade now, and it’s time for us all to wisen up. We’re not being given anything — what we get from now on is whatever we learn how to take.
Another reason for ignoring money conversations is that people know that taking care of their future is going to mean making sacrifices today.
They know that they can’t continue to spend 100% of their paycheques on useless crap and expect to retire during their lifetime.
In reality, they know that times will be much harder later in life if they don’t make changes now.
But later feels so far away…
If only they spent a minute to talk to even one 90 year old who will tell you..
“The years went by in a snap. I still feel 35, regardless of what I look like.”
Forget thinking 50 years down the line, most people aren’t even thinking 50 days down the line. What happens if you’re injured and can’t work?
Imagine that your health insurance makes some bogus claim that you caused your own injury and your employer sacks you. What then?
Most people can’t afford to live without their job for 2 weeks.
Where will you be if you’re unemployed for 6 months?
I come from a small town, so I know all about faith.
It can feel a lot easier to just believe that the money will come, rather than actually taking concrete steps.
Joining hands and praying to the Universe/God/Oprah is not going to cause manna to fall from heaven. It’s ok to believe in a higher power, but give your higher power something to work with.
Buy some bonds that appreciate with time, then thank that higher power when those bonds pay enough interest for you to cover your rent.
God isn’t going to fund your retirement because you couldn’t keep your hands off those Gucci purses.
It’s time to talk money
Not everyone is ready to talk about money. Some people would rather continue living in a dream world.
But to those who are ready I say
Let’s do it.
I’ve started a new publication called Money Clip.
It’s going to be our place to discuss all the ways we can be setting ourselves up for our future. I’ve put three articles up so far, and more are on the way.
If you’d like to contribute, please let me know. Otherwise, I hope you’ll check it out and learn with us.
Let’s all make concrete steps this year to set ourselves up for the future, because no one else is going to do it for us.
“Someone is sitting in the shade today because they planted a tree a long time ago” — Warren Buffet