MONEY ~ Start here ~

Rescheduled Post: Originally posted on April 23rd, 2018

Hello dear readers – The best way to learn about something for me, is by either talking through it with someone or writing. So, today I chose to write about it and talk to YOU. Because, WHY NOT?🙂 I know money can be an uncomfortable topic for people to talk about. But, that is precisely why I want to write about it today. To break the stigma that it is ‘supposed’ to be an uncomfortable topic. I am okay talking about it! I mean, I am not about to provide the details of my personal finances, but talking about it would be a start.

Logically, money is something that is needed to make life comfortable. Of course to provide for the basic needs, but for the purposes of this post, I will assume our basic needs are taken care of. As I talked about in my post ~ What would you do for FREE? ~ , you go to work everyday and exchange your time for money, it is a simple fact. What I think we lack here in North America, is financial education in schools. I know that is not something I can change alone but I will START the conversation here. The premise of my blog is to be curious and START something so I would like to keep that going.

The top 1% of people who possess the most wealth, the children that grow up in those families grow up learning about money, building wealth and are very comfortable talking about it freely. People like us, and I am assuming here, who are in the ‘middle’ class are extremely uncomfortable talking about it freely. Sometimes, people think along the lines of ‘I would rather be happy than have more money’. BUT, the thing is people who have less money aren’t happy either. Happiness and money aren’t directly proportional to each other. Money is simply something that provides for a more comfortable life, better health care and quality of life in general.

Lately, I have been thinking about the best ways to build wealth, not make more money by working more hours, but actually build wealth. This isn’t going to be a post where I tell you what to do, but rather, I will share some of the things I am considering, hoping we will learn together and at least start to shine a light on your personal finances, if you haven’t looked into that in a while.

I have considered (and actually do 3 out 5) of the following:

  • Saving
  • Money Market
  • Investing in stocks – (only one’s with a good yield (dividends)
  • Real estate investing
  • 401K – (or IRA, Roth IRA)

ACTIONS WE CAN TAKE TODAY:

Fellow readers, LET’S TALK Money, shall we? It’s high time, we do something to better our financial futures, wouldn’t you agree?

What are some of the financial tools you use?

Do you save on a regular basis? If so what percent?

How about saving for the future like retirement?

I am still in the process of learning more about real estate investment. If any of my 200 + readers/followers are currently just realizing you haven’t thought about money recently, I would like to hear from You!

If you haven’t been thinking about your finances lately, time to put the uncomfortable-ness aside and let’s talk and make a start. Let’s do this because what you focus on grows! So why not focus on making our financial situation better?

I will be waiting for your responses and to have a real meaningful discussion about MONEY.

As Always,

Stay Curious, let’s talk about Money :), & Have a peaceful day!

24 thoughts on “MONEY ~ Start here ~

Add yours

  1. I grew up being taught that: “Money doesn’t buy happiness.” And I have to agree. Look at all the rich celebrities who end up taking their own life. I, myself, feel happy about the most basic of things sometimes (nature, family and friends).
    However, as a grown up you get a bit disillusioned. You NEED money. Money is not just a want. It’s a need. And it does help a lot with enhancing our happiness when used properly.
    I’m big on saving. By “big”, I don’t mean “penny pinching”, I just mean not spend money on things that will not add any/ or much value to my life. There is no “percentage” I save, because my needs and wants can change from month to month. I just don’t over-spend.

    Liked by 3 people

    1. It doesn’t seem to happen a lot, but on this one I disagree with you 😉

      People who don’t have that much money take their own life too. They just aren’t as “important” for others to be shocked about it.

      Without shame I can honestly say that money makes me very happy.
      Although my kind of job will never make me rich, it does make comfortable.

      I see my dad struggling with hard work and way too little money. I can tell you, it does not make him happy.

      I try to save 1/4th of my salary each month.
      Tomorrow is salary day for me by the way 😀

      Liked by 3 people

      1. Thanks for sharing Andrea. As I wrote in my post, Money and happiness have no correlation. You are right that people with no money ‘aren’t’ important to others, so others don’t notice them.

        Thanks for sharing without shame that money makes you happy & comfortable! It does, most people don’t admit it because of the stigma that ‘more money means less happiness’.

        One quote I heard somewhere was “I would rather be unhappy and crying in my BMW than be unhappy and poor”:)

        Other than saving, do you do any other investing?

        Like

      2. Now we can’t be friends anymore. Just kidding.

        Of course they take their own life (poor people), and maybe even more often. I was just trying to say that money doesn’t equal happiness 100%.

        I’m glad you’re doing well financially. Being comfortable is definitely much better than “struggling”.

        Payday for you tomorrow? Sounds like we’re going out for drinks. Your treat!

        Liked by 2 people

        1. Gin & Tonic it is.
          If only you had the money to fly over to the Netherlands and visit a friend 😉

          I know this might not be right mindset at all, but for me, money does equal happiness very close to 100%.
          I could quit the 9 to 5 and do things that actually make me happy.

          I do want to mention that I like my actual job, it’s some colleagues that are making it difficult and waking up at 5:30 everyday.

          Liked by 3 people

        2. I’ve never been to the Netherlands, but I wouldn’t mind going. I’ll keep in mind.

          Do you think you only say that because you’re not filthy rich? You know the saying “the grass is always greener on the other side”? But yes, I agree. I wouldn’t mind being rich at the moment, either. It would help A LOT.

          I don’t think I could wake up that early. 6am every now and then to me is torture. And yes, colleagues make ALL the difference.

          Liked by 2 people

    2. Thanks floatinggold for sharing your perspective. People have such different.m views on money and I learnt about yours. Your approach is simple and to the point – save and don’t overspend. 👍🏼

      Liked by 2 people

  2. Oh, and I forgot to add a bit grim thought. Sometimes I wonder about saving and investing. Are we going to use it? Or will be end up dying before we get to do so? It’s a fine line between enjoying yourself now and securing your future.

    Liked by 1 person

    1. Yes, I struggle with that sometimes too. To live and enjoy now and securing future. But, I have learnt to do both and it should be proportionate to how you feel comfortable. On one hand, you should live in the now, and on the other hand if you do end up living longer, you have the means to do so comfortably. Even if you don’t, you leave something behind for your loved ones?:)

      Liked by 1 person

  3. While I agree money doesn’t buy happiness, I think the comforts it can provide definitely do. Of the current issues draining on my happiness, most could be improved or resolved if I had more money to utilize!
    I’ve never been awesome at saving. We’ve been paying medical debt for the last two years so the concept of having money to save is new and terrifying! We just this week paid our last baby delivery medical bills and I almost cried sending that check in. I feel so free!
    I balance my checking account twice a month but check my daily balance well daily. Each time I balance, I plan on putting 10% of what’s left after bills to savings no matter how much it is.
    I do use my 401(k) retirement plan to contribute money to and use it to invest in stocks as well but I just let them do all that. I don’t understand investing enough to do it well. I check the balance every 6 months or so just to ensure it’s not dying or something terrifying.
    I used to use Mint for budgets but hated it. It always categorized my purchases wrong and chastised me for spending because of that. Yes, it can be fully fixed to meet my exact parameters but that was a lot of work for very little insight personally.
    Me and my fiancé both enjoy hobbies that unfortunately are a little more costly so we have to manage our budget very closely to ensure we don’t over spend.
    I hate how taboo money is as a topic. Everyone gets so caught up in “they have this much so I should too” and jealousy that it drives me bonkers. One persons success does not equal another one’s failure. I suppose I should be more understanding to it but it’s challenging.

    Liked by 1 person

    1. I was thinking about it some more – and the key I think is never spending more than what you are making and also to not pay interest charges on credit cards. Credit cards are the necessary evil, I use them to get airline miles/points but make it a point to pay it off and sometimes even when they charge me an interest, I call them and have them waived.
      I am not sure about the jealousy part, because I have parted ways with that feeling on purpose and very intentionally. Also don’t like to compare myself with others, only with who/what I was yesterday. I know this is hard, but when you try it is possible:)

      Liked by 1 person

      1. I couldn’t agree more. I hate having credit cards but can’t deny their usefulness in money-back rewards. I try to use mine instead of my bank card so I can pay it off in full at the end of each billing cycle prior to interest accruing. Best of both worlds where I get cash back and they get my business. It’s so critical to spend below your means, the moment you spend over what you make it’s a slippery slope. I had emergency surgery a few years ago where we had to live on credit for two months. That two months took us over a year and a half to recover and get back out of debt. It’s a very challenging situation I never want to be in again.

        Liked by 1 person

  4. I think a lot of what is perceived as wealth is really debt. It is assumed that someone is wealthy because they live in an upscale neighborhood and drive a fancy car, but if the debt is greater than the assets then is there any wealth or is it just an illusion. The person who works for minimum wage, drives an old clunker and has no debt may indeed be wealthier.

    Liked by 1 person

    1. You are absolutely right. Houses and cars (if not fully paid off) are liabilities and not assets. Being debt free is good but building wealth I feel is truly a strategic process that takes a lot of patience and willpower.

      Liked by 1 person

      1. I think it raises some very important points on why financial education is important, and can open a lot more doors for discussion. What prompted you to write this?

        Liked by 1 person

        1. It does, doesn’t it? So many people are hesitant to even talk about it.

          What prompted this post for me was the frustration towards how low the interest rates are for a savings account. Banks don’t need our cash anymore! It is a deep rooted issue, but was trying to check with my readers what they do to build on what they have saved etc.

          Liked by 1 person

        2. I like that! I occasionally try to budget, calculate my finances if I start a new pay and map out my savings for the next few months. It works if things go smoothly, but because I’m young and haven’t established a steady income flow for myself it gets a bit difficult.

          Liked by 1 person

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