Financial Advice – Relationship With Money

Yes, it is amazing what you can do with money.  What’s puzzling is why are countless women ignoring their finances?

I’m beginning to think its fear of relationship.

In my mind, money is like a Perfect Lover. All it wants to do is serve you and support you. All it requires, in return, is to be respected and appreciated.

In other words, just like a partner, money needs your attention; it needs to feel understood, cared about, and valued. Otherwise, it’s not likely to stick around for the long haul.

As in all relationships, there are good times and bad times. Right now, it’s one of those bad times for many.  If you’re in that spot, this is not the time to turn your back, throw in the towel or ignore your money. At least not if you want money to be there for your old age.

Now is the time to work on creating more intimacy with your money. Get to know it better. Learn what it needs and how to best care for it. Make sure it feels the love. (The “love of money” is NOT the root of all evil! Deprivation and destitution is.)

Some suggestions for improving your relation$hip:

1. Talk to a professional. Make an appointment with a financial advisor.
2. Give it attention. Read something every day about money, even if it’s just a paragraph. (Try the Wall Street Journal)
3. Talk to others. Ask friends and colleagues who are smart with money for advice.
4. Be wary of hype, rumors and scare tactics. Bad news can be seductive, but it’s usually skewed.

I honestly think it’s time we all start having a love affair with our money. You’ll be amazed at what you’ll be able to do together as a result.

Barbara Stanny is a member of the DailyWorth Connect program. Read more about the program here.

Join the Discussion