Last night my husband Thom and I watched a television show called Billions. It followed a few previous nail-biting episodes where the main characters, Axe, Chuck, and his wife Wendy, stood on what appeared to be an inescapable precipice of disaster. Then, through an unexpected twist, they all managed to escape jail time and return to their former wealth and status with little or no repercussion. While we’d all like that kind of break in our own lives, especially when it comes to our finances, we usually aren’t as lucky. Even more interesting, at least to me, was that after triumphantly returning to his billion-dollar hedge-fund business, Axe looks at Wendy, his financial performance counselor, and says something like, “I thought the high would last longer than it did.” Don’t we all? When it comes down to it, many of the messages we think we know about money don’t pan out. And while I’m certainly no expert, here are a few truths about money that I wish I had known when I was young.
As most of you know Thom and I have been mainly self-employed since we got together over 37 years ago. Fortunately, we are currently more financially secure and wealthy than we’ve ever been throughout our lives. Are we rolling in money? Not hardly. But not a week goes by that we don’t hear how so many others are stressed about money, how difficult are these economic times, and how financially things seem to be getting worse everywhere in the world. So what makes me feel so good about money these days? It’s probably because Thom and I take a money SMART approach to our finances. [Read more…]