Your Financial Comfort Zone
If we are honest with ourselves, we will agree that what has worked financially for us for most of our lives, is just not working very well anymore. Unemployment is running rampant, the economy is dismal and the stock and real estate markets have imploded. No doubt you know someone personally who is on the verge of losing their home or who has lost a sizeable sum of money in the stock market.
It’s a very small percentage of people who welcome change. Most don’t respond well to it and find themselves being forced to change in ways that are making them very uncomfortable. These days your comfort zone actually equals your failure zone. It might be difficult to do, but you are going to have to step outside the box and make some significant changes in your life.
Think back to when you were in school. Regardless of whether you left directly after you completed high school or whether you took advanced studies, you more-than-likely received no education dealing with financial matters. If you were lucky, you had parents who realized that the responsibility fell on them to teach you such things. Perhaps they showed you how to balance a check book and how to budget your monthly income. If you did have parents like this, then you were one of the lucky ones. Most children just follow their parents example in handling their money. If the parents lived from paycheck to paycheck, then the children will probably follow suit.
This limited financial education might have been enough during good times, but you are now probably feeling like you are groping with a blindfold on, trying to make sense of the financial situation you find yourself in today. It seems like it has happened overnight, but for those in the know, there have been warning signs. Just think, for those in the know, they are actually able to benefit financially from this economic downturn. They are a very small minority.
However, it is never too late to search out the knowledge that you need to turn your financial situation around. You don’t have to have a University education to understand the fundamentals to enable you to take charge of your financial future.
Robert Kiyosaki, the author of “Rich Dad, Poor Dad” and “Rich Dad’s Prophecy”, has been writing for over 10 years now, delivering the financial education message as vocally as he possibly can. He started to learn about the world of finance as a very young child and he is a strong advocate for financial education in the school systems. He is a perfect example of the fact that it is never too early to start educating our children about money matters. Even more significantly for most of us, it is never too late to begin our financial education.
I highly recommend that you read these two books by Robert Kiyosaki. They will be a good start to your journey of learning how to move ahead in 2009, making the right financial decisions that will serve you well in the future.