“There is nothing more uncommon than common sense.” ~ Ben Franklin
When it comes to teaching people how to handle their money, the information I share is not anything special that only a brain surgeon can understand. It is actually pretty straightforward: avoid debt, live on less than you make, and save the rest for your future.
Unfortunately it sounds so simple, yet hardly anyone does it. Why is that? My experience has shown me that we know what we NEED to do, but the hard part is figuring out how to do it. I believe the main reason is because we are human. We bow to the marketing machine in our media and the peer pressure of having the biggest home, the nicest car, and the best vacation because it is fun to talk about those things. It is not fun to talk about saving money and in fact, you might get made fun of if you try to save money or you might even get called “cheap.” The reason for that is because the payoff to living within your means can not be seen for years and we get impatient.
The problem, however, is that following the crowd does not pay off. The average financial stats in our country today are downright depressing and not something that you want to aspire to. So instead of following the crowd, become uncommon and actually have some common sense with your finances. You will feel a lot better about your family’s financial future in addition to having more money in your bank account at the end of the day. If you need some help getting started or advice on what to do next, please contact me to set up a time to discuss your situation.
Why do you feel that common sense in personal finance is so uncommon? Is it the marketing, lack of knowledge, or lack of self-discipline?