Money Talk

In our emails this year we have discussed money to make you think about:

• Your behaviours and habits towards it
• How you save and spend it
• How to manage it and use it to build wealth
• How you view your own value against it

However, money can be a sensitive and personal topic for many people.

Discussing it can feel uncomfortable.

This discomfort impacts how we use and learn about money.

It hinders our education around it, impacts our relationship with it, and distorts how we value it.

Many of my students, and other people that I meet, ask me how to achieve financial security. It's a topic of conversation I am often involved in.

Talking about money in a practical way has never been an issue for me.

But I am often surprised at how uncomfortable many people are in these conversations.

It's motivated me to think about why talking about money is so taboo when it's a fundamental part of our lives?

There are a variety of reasons why people don't talk about money.

They are all counterproductive to building a healthy relationship with it.

Let's explore some of the most common reasons and their implications.

Social stigma and shame often surround discussions of money.

People can feel ashamed of their financial status. Or are afraid of judgement from others for their financial decisions.

For example, someone who is struggling to make ends meet may feel ashamed of their financial situation and be reluctant to discuss it with others.

This can lead to feelings of isolation and prevent them from seeking support and education.

Lack of financial education and literacy.

Many people don't have the knowledge or skills to discuss money in a confident and informed way and feel embarrassed that they don't understand financial concepts or terms.

This can prevent them from seeking information and guidance.

This can be particularly true for people with limited access to financial resources and education.

Often meaning they will pass on the same money illiteracy to the next generation.

Privacy and personal boundaries.

Money is often considered a private and personal matter.

Many people feel uncomfortable discussing their financial situation with others.

They prefer to keep their financial information to themselves.

If they need help this can make it difficult for people to build healthy relationships based on trust and understanding.

Negative beliefs and attitudes towards money.

Some people believe that talking about money is greedy or materialistic.

Others may view money as a source of conflict or worry and prefer to avoid discussing it altogether.

These negative beliefs and attitudes can make it difficult for people to have open and honest conversations about money.

Sharing ideas around how to leverage it are frowned upon.

The implications of not talking about money can be far-reaching, impacting people's mental and financial well-being.

Avoiding discussions of money can make it difficult for people to understand their financial situation, plan, or seek help and support when they need it.

My attitude to money is simple.

I would like to have enough of it to have the freedom to spend my time how I choose.

I understand I need it and must work for it and that it does not grow on trees.

I value myself and my worth - but this sum total is made up of so much more than the amount of money I earn.

My one demand from it is that.. 

I want it to work for me so that my time and my assets are leveraged to their full potential.

I have not been afraid to educate myself on how to do this.

This has meant having many conversations with other people about money.

You will find that those who have a healthy relationship with money are open to being involved in conversations about it.

It is not about ego, but about information and education.

Once you start to:

• respect money
• see it as something to learn how to use no matter how much or how little you have of it
• that it’s an asset that we all can earn, learn about and use

Fear of it is removed.

By having open and informative conversations about money, we can improve our financial literacy, create supportive relationships, and build financial security.

Rising Star is about helping everyday people do just this.

Using property development as the tool, it's so much more than building houses.

It’s about building the skills and know-how to build financial literacy and security.

Building your financial future.

If you would like to know more about the Rising Star and if it is a fit for you, contact us [email protected] and we will be happy to assist.

It just might open your mind forever.

Until next time.