How to Move Past the Money Issues You’ve Been Avoiding
- Why do we avoid money issues?
- Budgeting
- Glaring visibility into how we spend
- Feels like punishment
- Saving for financial independence (retirement)
- Head trash over not being further along
- Feels insurmountable
- Feels overwhelming
- The financial industry doesn’t help (too complex)
- It’s hard to plan what’s for dinner tomorrow night — how to plan something 20 years in the future?
- Looking at finances brings up all the mistakes we’ve made in the past
- You’re not alone
- 8 out of 10 people live paycheck to paycheck
- Financial literacy education is virtually nonexistent in the U.S.
- Many people grew up being told that talking about money was taboo
- Acknowledge privilege
- It’s ok to be upset about it
- Success is a mix of privilege and actions
- Learn to forgive yourself (and possibly your partner)
- Focus on your emotions
- Acknowledge the mistake out loud
- Think of each mistake as a learning experience
- Take your own advice
- Write yourself an apology
- Focus on one thing at a time — start simple
- Write down your spending for 30 days
- Practice saving a little bit extra each week into your savings or investments
- Simply look at your net worth statement every day for 30 days
- Set up your environment for success
- Put notes on your mirror
- Create good digital systems (todo apps, etc.)
- Get an accountability partner (ex. Wealth Workshop)
- Plan for failures — and deconstruct them to learn
- Improve little by little every day
Intro/outtro music credit: eccentric - I Can Show You [Argofox Release] by Argofox