Are you good with money? -A Magical Penny Video

by Adam on September 27, 2010

It doesn’t take much for us to define our own strengths and weaknesses.  Most of us define what we do well and what we don’t do well in our formative years:

  • If you weren’t an avid reader in school it’s unlikely that you’re settling down with a paperback a few nights a week.
  • If football wasn’t your forte in the playground the odds that you play now that you’ve grown up are not high.
  • If you didn’t sing much as a child,  I doubt you’re singing professionally as an adult.

Of course there are exceptions but generally most of us are creatures of habit and we tend to stick to what we know.

But what about money?

Do you think you’re good with money?

By the time most of us start properly dealing with money we’re well on the way to adulthood. Unless your parents were particularly hands-on with teaching about money the vast majority of us have had to muddle through and learn from our own money mistakes. We don’t have many lessons on how to spend and grow our money.

Getting into the right money habits or escaping from bad habits is therefore critically important but the most important thing of all is getting the right mindset.

Maybe you don’t think you’re that good with money. If so don’t use past mistakes as an excuse not to be awesome with your own money management going forward. You can make a change.

Did you enjoy the video? Watch more now:

How to Not Get Ripped Off by Understanding Investment Prospectuses

Pre Tax and Post Tax Investing -Which is better? [Magical Penny]

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