Do You Know Your Money-Self?
January 19, 2009
1 Comment
I just saw this interesting article on MarketWatch which states that our beliefs that are formed in childhood about money tend to guide us through our adult life. One of the article’s examples includes:
one client whose father traveled a lot when she was a child. Before his trips, her dad would hand her a credit card and tell her to “buy something nice” for herself. She now realizes she’s deep into credit-card debt because she overspends when she’s sad or lonely.
The article goes on to recommend that it’s important to validate your perception of money with other people – basically it’s a good idea to talk about what money means to you with your family and friends. Money and financial management shouldn’t be taboo topics at the dinner table.
Actually, this reminds me of a video, called bust that cycle.
Please enable Javascript and Flash to view this Blip.tv video.You can learn a lot from your inner circle, but it’s up to you to start the conversation. Don’t make the same mistake I did and hope that one day everything will just magically make sense to you.
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Adam Goodman is the author of Following The Goods Financial Management for the Young and Ambitious. Throughout his life, Adam never took ownership of his financial knowledge and no one ever sat down with him to explain what it meant to plan for his financial future. Luckily, while at business school, Adam finally learned how to be smart about financial management and he is here to share what he has learned along his journey with you.
Adam's past experience includes owning and operating his own consulting firm, as well as working as a Consultant with Deloitte & Touche. Adam is currently in a sales and marketing role in the telecom industry.
That is my favourite ze frank clip.
It makes me laugh every time I see it.
I actually think back to the clip when I feel like I am in a rut and need a change.