Our fears around money can be especially paralyzing. That's partly why so many of us live paycheck-to-paycheck in the world's richest nation. We're soothing our financial fears with eating out and buying the latest toys, but what are we afraid of?
- Never being financially stable
- Not understanding investments
- Losing our shirts in the market
- Never retiring
- Working 19 more years to earn even a limited pension (speaking for a friend...)
- Spending cravings
- Trusting the wrong accountant or financial planner
Much of this has to do with our level of financial fluency. We can choose to learn about all of these topics and more without breaking a sweat. We can begin investing today with Vanguard, we can tune into Dave Ramsey, we can track our net worth with Personal Capital, we can ask around for the best financial professional, we can freeze our credit cards in a block of ice if we have to. Sites like Credit Karma and WalletHub will provide up-to-date credit scores, reports, and advice. Use Mint to track your finances for free, or level up to budgeting with You Need a Budget. Even charitable giving is easy with GiveDirectly.