November is called the Financial Literacy Month. This is the perfect time to release my new video that emphasizes on the importance of talking about money.
Most people avoid the subject altogether, and we do so deliberately. We’ve made money talk taboo because we’re embarrassed by our own financial positions or because we think there’s nothing more private to start with than our own finances.
That view is perfectly logical; after all, it’s not called “personal finance” for nothing! But while it might be logical, it’s not a good idea.
Talking about money, more than anything is about the transfer of both knowledge and life experience. It’s about getting new information and building confidence. It’s also about knowing and applying our own limits in financial transactions. Equally important, it’s about being willing to help someone else along their financial road, particularly if they’ve been struggling or making choices that are not resulting in good financial outcomes for them.
If your financial decisions are impacting or have the potential to impact others, then talking about money is important too. This is especially so if the people in question are related to you by blood, or if you are somehow financially responsible for them. But what if within your own family dynamic, others see you as somehow accountable to them for the financial choices you make? Now then!
And the contemplative moments are an ideal time to truly reflect upon the genuine importance of talking about money… and the consequences of not.
In this video, we are talking about the importance of talking about money, and an introduction to the basics of finance & budgeting.
Do let me know your thoughts on the same. I would love to hear them!
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