The Dirty Secrets of Financials
The top two dirty secret to most people's financials:
No one has perfect numbers
We all have some spending that makes us feel guilty
Don't beat yourself up over it.
No one has perfect numbers - Seriously, you'll never find your perfect "safety" number. That money number is an illusion and will constantly be evolving over time.
Do what works for you, but remember that our numbers will always be different from each other. Living in San Francisco, California may need a high emergency fund account than living in rural Florida. Looking at these two people's financial portfolios side by side is like comparing apples to oranges. So take the "comparisons" with a grain of salt. Finding your money flow is the only one you need to care about!
We all have some spending that makes us feel guilty - No one is naturally “good” or “bad” at money. How you view and talk about money is a product of upbringing, education and choices.
Listen, I spend money on getting my hair done, consuming coffee, buying organics and traveling. Dig too deep on these categories, and I'm sure I'll get a little uncomfortable on how much I've spent in the past... Outside of those pieces, I don't really care what car I drive or updating my house. You'll always feel empowered where you don't spend, and a bit guilty where you do spend! It's OK to each have some of your own spending money. Just don't fall into a slippery slope of using your spending money as entitlement money! Stay humble, and remove a little bit of that guilt in your mindset!
At the end of the day, money is just a tool that we oftentimes put an emotional attachment to. That also means that money management is learned, not intuitive. You can be a wiser money manager today with a positive mindset, a little education in your books and new habits!
Brooke Olsen Consulting is a pricing and business strategist team. We specialize in pricing + profitability, financial education and business strategy for creative business owners and entrepreneurs just like you! We're focused on creating an intentional business and life by breaking down the black box of your financials and system processes. Check out our core values for more of the heart behind our corner!