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There are multiple reasons for this financial mess. There are many of us that did nothing wrong and yet are suffering at the hands of the greedy and the unconscionable. I have been asking “How are we going to solve this problem?” I’m asking liberals and libertarians. I’m trying to read conservative blogs for answers but I quickly learned that there is a lot of anger in that part of the blogosphere. We are faced with the equivalent of cleaning King Augeas' stables. We have nasty work ahead of us. It can be done.
So I thought about it. What are some of the factors that contributed to this crisis? One of the factors is the lack of financial literacy. Because of the lack of literacy we use credit cards, pay day loans or cash advances as our personal money; it is not, we are borrowing money. This ignorance is generational. Many of our parents and grandparent had no financial education. This is not impossible to fix.
Time to clean out the muck and start planting new seed of prosperity. These are just a few suggestions. There is no one way learn this so I’m focusing on personal financial bloggers who are providing financial literacy and educational assistance.
BlogHer Resources:
Now if you haven’t already done so you should read our in-house folk like Jennifer Openshaw, Paula Gregorowicz, and the category on Money and Finance. There is informational gold in their posts so if you have been slacking now is the time to hit the archives.
Attitude Adjustments and Emotional Support
Suze Orman gets a lot of heat because she talks about the need for women to be mentally, spiritually and emotionally ready for prosperity. Now for some of you that is “woo-woo” talk. I get where she is coming from. You can wail about your lack of money. You can pray or affirm to the heavens “I want more money.”
Until you believe and internalize that you deserve more and that you have a right to a better standard of living it ain’t gonna happen. Belief without action is just as pointless. This is a two-fer folks, you have to do both. I am a big fan of JD at Get Rich Slowly, he has a post on How to Build Confidence and Destroy Fear:
Without self-confidence, we have a tendency to make poor decisions. We make choices based on fear instead of what is best for us. If you lack confidence, you might fill your life with self-destructive behavior. You’re might work at a job you hate. You may allow yourself to get deep in debt. You may find yourself moving from one bad relationship to another. Without confidence, you don’t allow yourself to pursue your dreams.
Girls Just Wanna Have Funds is a meet-up of women who get together with a financial advisor to help each other get out of debt. NBC did a report about the Washington, DC group. According to the website:
Girls Just Wanna Have Funds is dedicated to the woman that wants to take charge of her personal finances. We value budgeting, investing, frugality and remain mindful of our spending habits. Move over and make way for women who are in control of their financial destinies and not afraid to say it. We’re armed with a positive net worth and not afraid to flaunt it while breaking financial ceilings one stiletto at a time!
Nicole at Career Girls knows that young adults and in particular divas in training are getting nervous. In her post on Resilience in Times of Economic and Career Crisis she responds to a friend who is feeling the pressure:
So why is resilience so important? Resilient people bounce back and don’t quit or give up easily. Their ability to keep going will eventually lead them to success. Resilient people can thrive and progress in difficult circumstances, and tend to get ahead when less adaptable people won’t.
Big Whoop – How Do I Begin with No Money?
You might want to do more research on that attitude part. You see you might have money in front of your eyes and not be able to see it. If you have kids that drink soda for water either that has to stop or you are redeeming cans and bottles. Changing your perception of what you have is a part of wealth building.
I know what you want. Easy answers. There aren’t any. But there are
