We Can't Talk About Money: America's Problem with Honesty

We live in an interesting society. One that encourages people to talk about social habits and celebrities, yet looks down on people who have financial difficulties. Being poor and opening up about it is frightening for people.

“What will they think?”

“How will they look at me?”

“They will think I’m a failure.”

What’s more, so many people are in financial hardship, it is a bit ironic that talking about money is so taboo, when over 75% of Americans live paycheck to paycheck. I’ve written on stress before and how it damages our lives, but today I wanted to talk about how you should speak up about your financial issues.

It’s important to note that when I talk about someone speaking up about their financial issues, I am not talking about complaining and whining. Complaining and whining do absolutely nothing to solve the problem. Moreover, people who are still in the whining and complaining stage are not ready to fight the financial battle. They still think their situation is someone else’s fault.

Money is the one thing that we think about daily; yet we do not talk about it. Alexa von Tobel, CEO and Founder of LearnVest, once said in a TEDx Talk that we make 10 financial decisions per day. That’s 300 financial decisions per month, and sadly many people make them blindly or without the whole picture in sight.

This lack-of-vision causes marital problems and leaves a dark legacy for the next generation. If a child’s parents aren’t good with money and never taught them good financial principles, chances are, the child will grow up and not do well with money.

We keep reciprocating the generational pattern.

It honestly starts (and stops) at home. That is why the next generation is so important to me. If we can educate this generation on how to do well with money, have a great plan, and execute it, then that can trickle down to those who follow. We have a significant opportunity here to help those who are coming up behind us do well with money and not have to repeat our mistakes.

It’s not about raking in billions and having a lavish lifestyle; I’m talking about good old-fashion financial principles. More than that, though, I am talking about learning not just the “what”, but also the “how” and “why”. I want to eliminate fortune cookie wisdom and replace it with simple principles that people can understand and execute.

If you don’t have a financial plan, you will fail. There is a reason 70% of people who get a big payday go broke in three years. They didn’t manage money well when they had little; and they didn’t manage money well when they had a lot. Good principles, much like values, transcend financial accolades. If you are bad with money when you are lower-class, you will be bad with money if you hit the lottery. If you are a good manager or your personal finances, chances are, you’ll manage your business finances well, too.

You are not going to get anywhere, though, if you stay silent about money. If you are having trouble, reach out to someone. 100% of our online services are free. If you are around or below the poverty line, 100% of our services are free. You need to speak up and not be afraid to learn and look at your entire financial picture.

People feel 100% better about their financial station when they investigate their own finances (Move #1) and start to build a budget (Move #2). The question is: What are you waiting for?

If you haven’t looked at your entire financial picture, now is a great time to do that. If you don’t live on a budget, like 70% of Americans, now is a great time to do that. Even if you live paycheck to paycheck.

We will show you how to draft a plan that meets your expectations of financial success, and even better, we will show you how to execute it.

Let’s be honest. Let’s talk money.