Michael on October 16th, 2007
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If you’re like most people, your financial inactivity is somewhat driven by the fear that personal finance is complicated. As I see it, this fear is primarily caused by two factors:

  1. You were never taught the basics about money during school.
  2. So far, the financial professionals you have been exposed to have been more interested in landing you as clients (and thereby selling you something) than teaching you the basics.

Both of these things are unfortunate, because the truth is:

Personal finance is easy.

When I first meet with folks who want to get a handle on their financial affairs, they are blatantly doubtful when I tell them that understanding money is easy. When I explain to them that their day jobs are far more complicated than managing their monetary affairs, they stare at me in disbelief. Yet, as readers of Beyond Paycheck to Paycheck already know, if you can handle subtraction, you can handle personal finance. After all, the most important rule in personal finance is to spend less than you make. You don’t need to know calculate pi or how to take a first derivative.

Now as you get more established financially (I am not talking about just getting started) certain, more advanced, parts of financial planning can be challenging. But so were parts of high school. Specific monetary issues can even become frustrating, but your job can be frustrating too. Yet most people get through high school and deal with their work-related frustrations admirably. (no post office jokes please)

Simply treat financial planning as if it must get done, and you will succeed.

You have already accomplished more challenging goals. But for many of those, you had a mentor, a teacher, or some kind of roadmap. Use this web site, blog, and Beyond Paycheck to Paycheck as your introduction and start by biting off a little at a time. You just might find, shockingly . . it can be fun.

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