3 Key Questions to Ask Yourself about Money

Money has been around a long, long, long time which leads me to ask these 3 questions:

#1: Why are we as clueless about keeping money today as we were yesterday and hundreds of years before then?

In my work with families, I find that one of their biggest stresses is around money. Often, parents and grandparents see poor money behaviors in their children and grandchildren, habits they wish they hadn’t inadvertently passed on. To attempt to ameliorate the problem, they pass on financial information or directives without a basis in understanding and experience for the young ones to mimic.  Modeling what they see rather than what they hear, is the child’s norm.

#2: Why is money so hard to keep?

We need this, we want that, we want an upgrade. No, really, I need it…really! Because it is so easy to part with, the government makes sure taxes are deducted before paying ourselves. Keeping money takes commitment to a different paradigm.  The benefits to committing to this paradigm include a sense of freedom, and calmness about money.

#3: Are you passing on to your children and grandchildren the financial literacy you wish you had been given?

Passing on financial literacy is not something to be afraid of, timid about, or embarrassed about. The stakes are too high to risk repeating cycles of financial confusion. Financial literacy is about learning how to use the 5 S.I.D.E.S. of Money © with purpose and habit.

Please comment on your thoughts to these questions. I would love to hear from you.

man holding u s dollar banknotes and black leather bi fold wallet

Photo by Artem Bali on Pexels.com

Advertisements
Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: