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My challenge to you

January 24, 2011

I know from time to time I express my concerns over your financial security in harsh realities. Perhaps it stems from my visceral need to shake you into coherence. Is there not a better way to get my point across? I am sure you are aware that simply existing without engaging yourself in an exiting, fun, and goal-setting, attitude means that you are existing in reaction to things that are readily manageable. Although you would agree that you have a responsibility to deal with the manageable (which I call predictable) financial scenarios of life, you often don’t consider it. And if you won’t consider that, how can you realistically consider the damaging effects of the unmanageable and unpredictable scenarios of life that are even more detrimental to our financial security.

It is inconceivable (to quote from “The Princess Bride”) that many of us willingly ignore the responsibility that exists through a heartfelt examination of  the realities of managing our financial health. In fact, we barely ever even indulge in the examination itself. If we did, we would exist in dissonance with our existing apathy and would be forced to deal with it. This is my role: to advise you that it will not necessarily “work out in the end” if you don’t plan it accordingly. To challenge your own apathy is not negative; and I believe this is what holds people back. Dissonance (or the emotional realization that things that “are” do not coincide with the way you want them to be) creates new excitement and opportunities.  We control our own lives through feelings and emotional concentration. Doing so effectively rids you of the hopelessness that derives from the fallacy that life controls you.

A client said said to me recently that men in their 20’s and 30’s don’t handle their business like men of the previous generation (“like her father,” she said). She said we are too busy playing video games and going out for wings and beer and watching UFC that we don’t take out the garbage, work in the yard, fix the car, save for our kids education, shovel the driveway, make breakfast for our family, clean the house, fix the roof, have good ‘date’ nights with our partners, and so on. We are failing at handling the responsibilities sought after by our partners (forgive me for speaking in “traditional” family terms only, it’s for brevity only) because we are self-absorbed, selfish, lazy, and ignorant of what I can only term “family man pride.” We wrongfully assume that “she” will handle it…it’s no wonder she gets bored with us.

With the existence of another contemporary fallacy that believes working 70hrs a week will make you successful, we are struggling with handling our, more important, family business. Not that I’m saying you shouldn’t work hard or love what you do (most of us do one without the other), but if you do so without plan and passion you are misguided and possibly wallowing through life in a routine. The same holds true for your financial health.

There are too many predictable cracks in our fountain of wealth that we, out of fear, refuse to acknowledge. The cracks can easily (and profitably even) be plugged. It’s even fun and exiting! Where along the way did we look at financial planning as dreadful…believe me it’s pretty exciting. Another question: How does thinking that I am going to to “sell you” assist you achieve your financial freedom? It does not. You are just being dumb and selfish and self-conscious.  You’d be amazed at the families in financial difficulty who, when I ask if I can help, simply say “no we’re good.” To this day I don’t get it. A partnership with trained and licensed individuals who have an ethical, a personal (and yes even financial) vested interest in the quality of your life is not something that is detrimental to you or something that you should willingly ignore. Do you fix the foundation of your house when it has a crack in it? No. You hire someone who specializes in foundations so you don’t do it wrong and make it worse. Why don’t you do the same with money? Your money is even more important than your house.  A ship never gets to where its going by random chance and a good engine, it takes a conscientious captain, a good team, and a good plan.

This article challenges those of you who have only superficially dealt with each paycheque as it comes in to actually look at how little you have to do to make a gigantic difference in your financial health. We’re not even talking about new money…just sensible maneuvering of existing money.

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