As an adult, I reflect often on the topics we discussed in school. I realize that schools, in some way, do not really equip us for real life. You know, with the stuff that really matters, like- how to invest, the importance of having good credit, the benefits of saving early & budgeting accordingly. It is almost like we weren’t geared to fully live our best lives without debt & excess. We were told to desire to be rich but were not provided the proper resources to teach us how to be. It was ingrained in us that the sure way to live comfortably is to finish school, get a job with a high salary, & to save our money in a standard savings account. We were not told the other options to help us “get rich” or to be financially independent. In fact, the advice given to us initially, in my opinion, was pretty bad advice. College is a large reason why many of us are in debt, high paying jobs are not easily accessible & a standard savings account gives you zilch for interest as your money sits there & does nothing but be the same amount you deposited. That advice made us ill-equipped to thrive comfortably without understanding the struggle first.
Now, we have to force ourselves to figure it out on our own. We have to force ourselves to research the options & not fall into the trap of incurring tons of debt that is impossible to pay off. The days of living above our means & incurring debt we cannot pay is long behind us. Living paycheck to paycheck was not God’s intent when he placed us on this Earth to thrive. Therefore, we must prepare to change our mindset & keep those days behind us. The days of living above our means in order to keep is now over. We must begin to welcome a life that prohibits struggling in retirement & working ourselves to death without being able to experience our loved ones. They deserve to have us there while having access to our legacy after we are gone. We must learn to work this financial system to our advantage so we never have to remember what it is to struggle again. Because the truth is, we all want nice things, but the picture is bigger than that.
We need to obtain & utilize resources that allow us to familiarize ourselves with what is available to us. Learn the importance of investing, monitoring, book keeping, accounting & financial advising. Although they seem out of reach, they are services we can utilize now for our benefit. We cannot continue to have a billionaire mindset with an impoverished lifestyle because at some point the well of desire will run dry & we will begin to make irrational & unhealthy financial choices that we cannot afford to. Please understand that the financial choices you make now do not only effect you, they effect the generations after you. Living a life plagued with debt is a generational curse that we do not need to succumb to. We can break the chain of discomfort & teach our children the same thing. No one wants to end their life paying back debt that could have been avoided. Furthermore, no one wants to leave the burden of suffering on their families so we need to think smart- NOW.
Start doing the research. Start paying off your debt now so you do not have to worry about it later. Start budgeting. Monitor your trends in spending & sacrifice what you need to cut back on. Start investing your money & teaching your children the value of a dollar, teach them the pros & cons to credit scores & explain how interest rates work & do not work in their favor. Teach them to live with as little debt as possible so that after you are gone you can be sure that if you taught them anything, you taught them money. Our lives & their lives are too valuable to miss this knowledge like we did. Share it abundantly. The generation needs it.