Are you “bad or “good “with money?

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Financial Tip of the Day

Have you ever thought about it…are you “bad” or “good” with money? What would you say?

I was watching a show discussing a now deceased actor, who was described as being “bad with money.” I hadn’t heard this phrase in a while. And honestly, I had never questioned it before. But after hearing it this time, it just didn’t sit right with me.  As I thought about it, I realized why...

Saying someone is “bad” or “good” with money removes all responsibility from the individual. It makes it sound like money management is something we’re either innately either born or gifted with or not. And this is the farthest thing from the truth. If it were true, NO ONE would ever rise out of poverty to become rich.

The best answer to whether you are “bad” or “good” with money is: neither. Money management is a skill.  It’s one we either choose to learn or we don’t. Although some people may naturally gravitate towards more effective money habits, learning this skill is something that we ALL can do.

So, the next time you hear someone say they’re “bad” or “good” with money, remember what they’re REALLY saying. They’re either effectively learning to control their money by increasing their knowledge and practicing good habits. Or they’re not. Successful money management is not a gift handed out to only some. It is available to all who desire to acquire and practice it. Including you and me.

P.S. -  I teach the skills needed to effectively manage money in my workshops. I know how easy it is to feel stuck and overwhelmed with finances, and I LOVE showing people how to confidently master their financial situation. Book me to speak to your group or organization. Visit here for my speaking topics and how to work with me: Yolanda Ransom Speaking