Sharing With Your Significant Other

If you can’t discuss your financials with your significant other (SO), ask yourself why.

Does it have to do with how your parents viewed money, never discussing it? That’s a shame; don’t be like them. Break the cycle and discuss it with your SO.

Does it have to do with fear you will disappoint her? If she really loves you, then there’s no reason you can’t share your financial truth. Break the cycle and discuss it with your SO.

Are you afraid of what he might think…

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The Latte

Cutting out the latte has become a budgeting flashpoint.

Some claim you must “CUT” the expense out of your budget. Think how much the $4 could climb when invested over thirty years, they cry.

Others say, “KEEP” your latte. It’s not a large enough expenditure to make a significant difference to your savings rate, they soothe.

Neither side is correct. Neither side is wrong.

It’s up to you…

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Your Financial Teacher

When people reach a certain age where their finances become a concern, they begin to question why they never learned this in school?

Why the calculus? Why the stats? Why the trig? Why not financial education?

It’s a fair question; an important one.

Instead, we’re forced to seek out teachers on our own.

For some, they find a teacher…

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Where Should I Invest

For those taking ownership over their finances for the first time, there’s one standard issue eating them up inside: “Where do I stand compared to others my age?”

There’s a natural reaction to want to compare when you’re uncertain. We do it all the time. The practice made a last name famous (Jones’s).

But what you don’t see is just how unique your situation is. Where you’ve been. Where you help others. Where others have helped you. Where you have taken missteps. And where you want to go.

It all plays into your own specific story…

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Take Ownership

When we don’t understand something we’ve learned to outsource the problem.

We don’t understand website design then we pay someone. We don’t understand a home repair then we hire a contractor. We fear tax time then we tap an accountant.

Outsourcing basic finances, though, helps those in the financial services industry make such large incomes.

They sell you with no fees, hiding the fact they’ll sparse out your future into bad products that pay them a commission.

They sell you insurance…

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Know Your Goal

I spoke to a lady that had started businesses, bought real estate, had a nice car, lives in a large city, and “had goals.”

When pressed to outline those money goals, she simply said, “I want money to create more money.”

In part, she made complete sense, since it’s the basic principle of investing. You have to invest money so it will grow.

Yet, in other ways, she was lost.

Without tangible goals for the money, then when does that creation-cycle end?

We all know where it will end. By then, you may be rich, but what good does that do for you…

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Test Your Savings Rate

Entrepreneurs test like crazy. They test the different prices for products they sell. They test different marketing tactics. They test different technologies. They probably test different clothes they wear. They -- seemingly -- test everything.

Why don’t we do the same when saving?

Think you can only save 5% this month? Why not try 10%? What’s the worse that could happen? If you can’t make it without putting your family at harm, then simply tap the funds you planned on not spending.

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Introducing The Simple Money Mind

Here thoughts will be written.

Those written thoughts will discuss money.

But what discusses money will also often dovetail into broader life.

Money is simply a backdrop to life.

The thoughts won’t be deep. They won’t be detailed.

Instead, these shallow and un-detailed thoughts seek simplicity.

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