Three Ways to Parent Your Money… September 11, 2014

Jonathots Daily Blog

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disgruntled teenagerMoney is much like the disgruntled, snotty teenager who decides to get even with you by running away from home because you told him or her that the pair of shoes the young’un desires will have to be put off until the next paycheck.money

Also, money will embarrass by going out during this little misadventure and humiliate you, overindulging and even getting in trouble with the law.

What I’m saying in a nutshell is that money needs parenting. Without parenting, it begins to run your household with its bad attitudes, making you cringe in the corner of your bedroom, fearing a knock on the door.

So let me offer three ways to parent your money, making sure that you are still in charge:

1. Always be prepared to give an honest report.

Not only does money fail to grow on trees, but it never sprouts through lies. Pretending you’re something you aren’t is the quickest way to poverty. Failing to recognize the signs of difficulty is not optimism, it’s just stupidity with a smile on its face.

The best way to get in control of your finance and welcome money into your life is to assess your situation without becoming giddy with potential or suicidal with the facts.

2. An organized plan.

Give yourself the greatest gift you can–stop insisting that you’re not an organized person. It’s like taking a dagger and sticking it in your heart and reaching for the band-aids. Life without organization, a plan and clarity to your actions is like walking on the edge of a cliff blindfolded. It is much easier to be organized than it is to put out the brush fires ignited by too many spontaneous choices.

3. A slower pace.

It is a lie that the race goes to the swiftest. It doesn’t. The most important attribute in success is endurance, followed closely by foresight.

Slow down.

If you need five hundred dollars by the end of the month, try to make fifty dollars by the end of the week and see where it takes you.

Life is a much better teacher than opinion. So learn from experience.

And to do so, slow yourself down so you can enjoy the scenery and see the berries hanging from the trees as you go by, and never be hungry.

Just like a teenager, money will try to run your life if you don’t develop a sense of humor and know that you are in charge.

Teenagers don’t have to be insufferable brats. But to stop them, just like with money, you have to make it clear who’s boss.

 

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