A question like this one should be asked far more often than it is. When I talk with people about financial future, their answer is usualy “ehh, I’ve got a job and that’s allright with me”.
How typical.
Almost all of my iniciatives to start digging deeper on the question of securing financial future, they ended up pretty badly. At first I thought I was speaking Marsian but later I got it… Majority of people does not want to talk about their future and even less about financial part of it.
How come?
Money is, sadly, one thing that makes 99% of population to get up on the cold and rainy November morning, leaving their warm bed and go out on the cold to make some money. They do it every single morning. And yet, when subject turns to getting rid of this “I must do this because of money” nobody want’s to talk about it.
It seems like people have lost any hope for brighter future. I asked them what do they think about when they see rich people. Most of them are skeptic about the origins of rich people riches. In times, they’re right.
Lacking to talk about financial future is the same as denying to learn how to read, stating “I don’t need it”. Sure, you can live your life without knowing how to read, but learning to read opens so many doors to us. Learning how to read is considered basic knowledge and we all learn it in school.
Why is then learning how to secure out financial future not at least as essential as learning how to read? After all, we spend money on a daily basis for the greatest part of our lives. Why are we ignoring knowledge about it? Why aren’t we learning how to trat money so it works for us?
To me this seems like not being able to read. Even worse… In time of current recession, people have no idea what to do. So they are, quite naturally, afraid of recessions per se. That’s downright stupid if you ask me. But it’s so common… Why is that? The same reason as before: People don’t know how to handle their money.
Money being such an important thing in our lives, a smart person would learn all it could about it as soon as possible. Stocks, mutual funds, banks, loans, … These are the tools to work with money. How many people know how to use these tools?
Working with money can be learned. It’s just like with all other tools. It’s just like learning how to read or how to ride a bycicle. Sure, you will fail first few times, but then you’ll learn and became good at it.
People don’t mind spending time and money to learn new tools – just look at colleges. Years and thousands of dollars spent for what? Better education? Great, but what good is better education if you can’t get a job? Countless MBA’s and even P.h.D.’s are out on the streets looking for a job.
Would those people spend money and time on things that actually matter, they would be far better off then they are now. Would they learn how to deal with money, they would know how to secure their (and their family) financial future. But no, they spend it on meaningless titles…
What current recession is showing us is nothing but rotten core of our systems. People with high-paying jobs that were there just because someone invented it are now on the streets thinking about how to get another one of those jobs. To them it does not matter what they do, as long as their paychek is regular and fat.
Now, fastforward 30 years. Those same people are turning 70. They can’t work anymore and are relying on their pensions. Only they found out recession eat up all their savings. Now what. They can’t work and they lost all their savings. Tough one if you ask me. What to do? They can and are complaining, but that will not get them anywhere.
I don’t know for sure but I bet they’re thinking about how to make some money. At 70 that’s a hard goal to achieve. Even worse… Those people will live another 15-20 years. How will they survive? Not on their own, I’m sure. They will rely on their children and grandchildren to support them.
Only one problem with this model…
Their children and grandchildren got effected by recession too. They too are out of money and many are facing foreclosure. Beside that, since there’s no money in federal reserves, governments will likely rise prices of goods. So they end up paying more for things, have no steady income AND have to take care of their parents.
But for some people, reality is quite different…
They are making even more money then before and can’t wait for another recession to come (in case you did not notice, recessions come every 20-25 years). How come?
Simply because they know how to deal with money.
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