Money has become a very taboo topic in our culture. Most families do not discuss finances and it is rarely discussed among friends. It can be hard to know where to turn for financial inspiration or even if you just want to bounce an idea off of someone. Spend a few minutes thinking about the following:
Is there someone you know who seems to really have their finances in order?
Do you know anyone who has gone through what you are going through now in your financial life?
Is there someone who in a big picture sense is in a similar financial situation to you?
Most likely your answers to these three questions are not all the same person, but these are all great people to keep in mind when ever you have a financial issue or need some motivation and advice. It is possible to have a fairly in depth conversation about your finances without going into specifics. Recently, I was discussing with a professional mentor how overwhelmed I was feeling by the thought of funding two college accounts while also paying daycare costs for two children. She was able to share with me how she has financed college for her three kids who are in their early twenties. At no point did we have to discuss salaries or even how much we have saved. I left feeling more relaxed and confident in our current plan.
If there’s someone whose financial life you would like to emulate, send them an email or give them a call and invite them for coffee. Then, spend an hour picking their brain about what they do to keep their personal finances in order. Your finances will thank you.
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Day 1: Know Your Monthly Income
Day 3: Calculate Your Net Worth
Day 6: One Month of No Eating Out
Day 7: Start or Increase Your Emergency Fund
Day 8: Move to a High Yield Savings Account
Day 9: Create A Debt Repayment Plan
Day 10: Contribute to Your 401k
Day 11: Calculate Your Crossover Point
Day 13: Turn Your Dreams Into Goals
Day 14: Sell Your Old Books and Clothes
Day 15: Move To A Rewards Credit Card
Lucky for me (and all your readers), I have you!
Thanks!