Here’s a secret: your finances are like your lingerie. How so?
In the next four posts, I’m going to give you four principles for understanding how your approach to lingerie and your approach to your finances are related.
I’ve also thrown in four secrets of financial planning designed to, well, uplift and support you in this area of life.
Principle 1: Just like your lingerie, your finances are intimate.
Our current environment is one in which almost anything is fair game for public display and comment. But even in an era of persistent, pervasive TMI (”too much information” - when everyone knows Britney Spears’…um, personal grooming preferences, if you follow me), talking openly about money is one of the last great taboos.
When’s the last time you sat with a friend over a glass of wine and answered each others’ questions about whether you are saving money and how much, how your money is invested and how your investments are performing, or how much household debt you are carrying and how you feel about it? (I mean, if you even know the answers to some of those questions in the first place.)
The thing is, your finances are intensely personal. But if you want support in getting or keeping your financial world on track, you need to be able to discuss those intimate details with other people, whether it is your friends, your partner, or a financial advisor.
Part of what it takes to be powerful in the area of money is a willingness to be vulnerable in this area of our lives - to be able to talk about our financial “unmentionables:” that’s our first best-kept secret.
A version of this article was originally published at The Best Kept Secret: Toronto’s Resource for Women 40+.
Tags: advisor, Budgeting, debt, Families, Investing, money, Saving
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Hear, hear! I wish people would talk about finances more openly. Looking forward to part 2….
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