Sunday, January 25, 2026

From my brother (worth sharing)

He knows about my housebound situation and has been sending me things to read.

‘Personal finance is never really about the money,’ says CFP Akeiva Ellis at The Bemused.

“I wish I had known sooner that while financial literacy and knowledge are important, personal finance is never really about the money. Though I had a lot to learn, not knowing was never my biggest obstacle to progress; doing was.

Real progress started when I finally asked myself, ‘Why am I like this?’ when it came to money management and began unpacking the hidden beliefs and narratives I carried about money. Those often unexamined stories act like a bossy backseat driver, influencing decisions without you even realizing it. Once you address that part, the tactics finally stick.”

Source

Many successful dieters say that they cannot keep weight off until the understand and reconcile the relationship they have with food.

I am pretty sure it is the same thing with money.

2 comments:

  1. Wonder how many of the financial advisors have ever gone through a Great Depression, or a hyper-inflationary event?

    ReplyDelete
    Replies
    1. Zero, of course.

      The value of a financial advisor is that they are cheerleaders who keep the players-on-the-field focused on the game, even when it is not going their way.

      Josh and Caleb and Chad and Jake and Heather and Nancy sometimes need just a little bit of cheering on to not break into their savings and spending like drunken congressmen.

      "Stay the course".

      Practicing that discipline now means that more of it will be there when things REALLY go south.

      Delete

Readers who are willing to comment make this a better blog. Civil dialog is a valuable thing.