Sometimes when we talk about money, it’s easier to use analogies that we’re more comfortable with. So let’s use one of my favorites: shopping. Every once in a while when you’re out shopping, you find a “one-size-fits-all” top that looks and feels amazing on you. But, let’s be serious: if given the choice, would you opt for the O/S option or your actual size? I assume you said the latter? Right. So…why wouldn’t you choose what fits you financially?
Chances are, other so-called financial experts have drilled all sorts of truisms into your head that might not be, well, true. Like: “You should invest in a 401(k)” or “You should work toward buying a house,” which I disagree with, mostly because nothing in finance is for everyone. Or, that you need to pay off your student loans ASAP, no questions asked.
I’ve held events and financial workshops all over the country and am always amazed at some of the financial “facts” that I’m asked about again and again. So this week, we’re debunking some of those “facts” and starting to think for ourselves. You might also find it helpful (and more fun!) to take my quiz for a little introspection, especially where housing is concerned.
Because if you’re not asking yourself these questions, who’s going to?