There are some intimate secrets that my friends and I sweep through like trading Pokemon cards without hesitation. I’m aware of their every detail whether it is their dating lives, weaknesses or greatest fear- except finances. Do you have the similar experience like mine?
According to Ally Bank survey, 20 percent of Americans discuss about their personal monetary matters with their friends. Life decisions, education, planning career and family are also discussed still feeling the subject of money as a taboo.
Do you watch the program ‘Friends’? (Rachel, Joey and Phoebe aren’t able to keep up with the expensive birthday gift of Ross)
Unless I take the help of an emoji to express my financial health, money discussion is a bit awkward with my friends. As per a report, it is unfair to put up on a social forum a person judgemental fear and upbringing- where it is seven times more that people are likely to discuss about their number of sexual mates than their income.
I usually find everyone brunching on Instagram to their unrealistic standards, though I prefer to stay quiet on it. One of the reasons why people stay silent about money is that they are ashamed for having not saved enough or are not aware much about their personal finances.
The founder of HCR Wealth Advisor, Greg Heller explains “Knowledge as power and there is a huge sense of relief from discussing their personal life with a fear in regards to money.”
I can hardly discuss with my friends about how I have been taking care of all the financial aspects of my parents since ten years. How have I been struggling to accumulate money through my job or other source of income through my writings to help myself out of the financial crunch that my family had been going?
But it is good to see few of my friends opening up about their financial experience and revealing their new side and there is so much to learn from them. I seriously wonder why we have been waiting for such a long time.
Discussing on the usual topics is for sure boring but why can’t we discuss on strategies, salary negotiation and investing forum to learn better on ideas. This is the best way to create a world with better decisions taken together with your companion and gain this transparency with your trusted ones and make yourself feel less alone.
Each one of us experiences a financial high and low in their life but believe me don’t hesitate to start a dialogue on this aspect with your companion. You allow all forms of injustice to be perpetuated the moment you share your financial matters with your loved ones. Make a very explicit talk – x amount is what I earn , x amount is what I desire to earn and x amount is what I want to save. Do you know income inequality affects women in a more disproportionate manner – so ladies discuss with your peers and learn how you can correct on the wage gap.
You think about social etiquette and shy away to discuss your money talk – you are lagging the poor and working to keep them strained in poverty. What is important social etiquette or correcting injustice?
All social movements pivot round economic justice – so folks , don’t hesitate and just talk about money!
I will be writing more on this subject so let me know what do you want to hear. If you are going through such phase and having anything specific in your mind discuss with your friends now.
