Most of us are uncomfortable talking about our money. I know I usually am. After all, few of us think we have all we could ever need—even the super wealthy. And if we are lucky enough to feel fairly comfortable about it, we don’t usually bring it up because we don’t want to appear insensitive to those who have less. Or maybe worse, we don’t want to jinx what we have. But, is it possible that how we feel about money is directly related to how we feel about life in general and ourselves in particular? In other words, is our relationship to our money happy, affectionate and at peace? Or is it sad, fearful and distrustful? Getting to the heart of those questions is the focus of a new book by Ken Honda titled, Happy Money—The Japanese Art of Making Peace with Your Money. And some of his perspectives may surprise you. [Read more…]
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.