I was never taught the basics of sound financial planning. I was raised in an environment that never talked about money aside from the fact that ‘it was scarce,’ and ‘only the rich have it.’
It’s easy to see how poverty breeds poverty.
The stories we learn and teach to our young, or the stories we keep telling ourselves, are far reaching to generations untold. It’s cyclical and the spiral is usually heading in a downwards direction.
When I was in high school, we had to take economics 101. In this class we never learned the magic of compound interest, how credit card debt can ruin your life, how people should save for retirement because social security most likely won’t be available by the time we reach the age to tap into it.
I don’t know if things have changed in that arena in the past 3 decades since I was in high school, but if cities, governments and even countries can default on their debts, how can the lesser of us stand a chance?
Those that come from a working class background are taught only how to survive paycheck to paycheck.
If we make it to the end of the month with extra money, well, hell, that means we get to go out to dinner and celebrate.
I know it is possible to break the cycle. I hear and read stories everyday of people that have done it. I just don’t know how to make it work for me.
I am not afraid of hard work.
I am not beneath manual labor.
I have no ego anymore, that has been beaten out of me by a lifetime of struggle.
So this is where I am at in my current bid to transform me.
I own all of my blunders, errors, mistakes and missteps that have landed me where I am currently at.
I do not blame anyone but myself. My parents did the best they could. My father had a third grade education, my mother had a high school diploma. Hard work paid off for them. They owned a home, raised five kids, and managed to take summer family vacations. They did good.
I wish I could say the same but times change. The world changes. Two deeply daunting recessions, living in a high priced state with menial jobs and medical bills that insurance doesn’t cover takes its toll.
I don’t believe everything happens for a reason, but there are definite reasons certain things happen.
As I embark on a journey of transformation, my finances are one of the biggest aspects that impact my life tenfold, so they are earning much of my focus and hopefully much of my change.
Working towards a brighter future.
[Who says work has to be serious?]
“If you think nobody cares if you’re alive, try missing a couple of car payments.” – Earl Wilson
“Money’s only something you need in case you don’t die tomorrow.” – Carl Fox (Martin Sheen)Wall Street
“Most people work just hard enough not to get fired and get paid just enough money not to quit” — George Carlin