Topic: Money $marts

Summing Up Money Fears … So, What Are Your Fears?

Summing Up Money Fears … So, What Are Your Fears?

Money Smarts … So, What Are Your Money Fears?

Everyone has at least one. It’s time to confront your deepest financial fear and get them in the open. Whether it’s the fear of the soup kitchen or of making a mistake that is financially catastrophic, you can become inhibited from taking action.

Identify them. Write them down. Just the mere fact that they are on paper opens the door for you to commit and confront them head-on. Ask yourself,

Money Fears # 6 … The Fear of Borrowing Money

Money Fears # 6 … The Fear of Borrowing Money

Money Fears # 6 … The Fear of Borrowing Money

Wouldn’t it be great to pay cash for everything, including your home? Few can. Sometimes, it makes sense to borrow money. But, over-borrowing and too much credit is quite common.

A credit card is used over 600 times every second of the day; over 36,000 times a minute; over 2 million times an hour; and over 52 million times a day. The average household owing in excess of $9,200 in credit card debt. What’s yours?

Money Fears …# 4 The Fear of Making Mistakes and Failing

Money Fears …# 4 The Fear of Making Mistakes and Failing

# 4 … The Fear of Making Mistakes and Failing

Everyone makes mistakes. I wished I had $10 for each one I’ve made over the past 50 years plus. Mistakes that lead to a money loss can be personally and professionally crippling.

They happen. You get to choose—will they handicap and paralyze you? Or will you look at them as a learning and growth experience?

What you have to guard against is the reaction that the fear of failure and making mistakes can generate paralysis . . . getting stuck mentally.

Money Fears … #3 The Fear of Talking About Money

Money Fears … #3 The Fear of Talking About Money

#3 … The Fear of Talking About Money

Upbringing is a key factor that shapes your money practices. Most adults “wish” that they had had training and guidance about money and investing as they grew up.

If you grew up in a family that openly discussed money and its many facets, you’re in the minority. Not all of your friends will be on the same wave link as you are in money matters. Your awareness, and possibly non-intimidation to the topic, may actually intimidate them!