Right now in the world, so many people are going through transitions, many of which were unexpected. This is difficult. It’s painful. And it’s easy to feel like a victim of circumstance. But when we choose to own the moment – that is, to take charge of how we act and react in the face of a difficult transition – we can use our energy to accept what is, while also planning for what will come next.
Sometimes, it can be difficult to get excited about our finances. This is particularly true if we feel burdened by debt, lack the income we desire or feel our financial goals are unattainable. If you’re feeling stuck and less-than-excited about your current financial outlook, this week’s challenge is for you. One of the best ways to take more control of your finances is to start with strengthening your Cash Flow Focus.
In my line of work, I have found that a great many people practice avoidance when it comes to finances. Frequently, they cite numerophobia – the fear of numbers – as the main reason for not taking an active role in managing their money. Does this sound like you? Do you believe finance to be confusing? Do you lack confidence in your ability to understand financial concepts like investing? If so, you’re not alone. Know, though, that avoidance inevitably leads to a reactive approach to money management.
For this week’s challenge, I’m going to encourage you to wade through something that many people avoid, but which is necessary if you really want to take charge of your money – financial jargon. Learning to “speak finance” is a lot like learning a foreign language. Yes, many financial terms are confusing, but with a little time and patience, the terminology becomes approachable.