It’s weird that you don’t tell people how much you make.
It doesn’t feel weird, but it is.
Think about it; it’s okay to talk about careers, relationships, family, sex, education, and politics with friends, family, and even strangers; but it’s completely taboo to tell someone how much money you make.
Does anyone know how much you made last year? How about how much you expect to make this year? Probably not.
Some married couples don’t even tell each other what they make! (I hope that is as crazy to you as it is to me).
Money Silence Is Epidemic
Money is the only real taboo we have left.
Even if you agree about religion, politics, and relationships you’re still unlikely to talk about money!
It makes sense. Most of us weren’t taught how to use cash. We learned from banks, car dealers, and our neighbors. That means our education came coming from:
- people trying to trick us into paying interest and fees (banks and car dealers) and,
- people who are faking it just like us (remember all those people who lost their homes because they couldn’t actually afford it).
Looking around, confused and stressed, you see people that seem to be doing well when, really, they’re under a pile of debt, on the brink of divorce, and have no idea what they’re doing!
And everyone stays quiet, pretending like nothing is wrong.
The taboo stays strong.
And even though you felt the pain of the recession, you haven’t changed anything.
Un-Taboo Your Money
Find someone wiser than yourself, who knows how to handle their finances, and tell them:
- How much debt you have (include credit cards, your house, cars, student loans, etc)
- How much money you have in savings (include cash, retirement, CDs, stocks, and anything else you have money in).
- How much you make per year (and per month).
- The lifestyle you dream of living.
Then do something radical: ask for their advice. Let them tell you what works and what doesn’t. Allow them to help you change the way you use money.
Don’t argue. You picked them because they’re good with money. Even if you decide to ignore their advice, don’t fight them; learn from them.
I Can Help
If you don’t have anyone you can talk to about money, then talk with me. If you’re ready to break the taboo, I will gladly listen and advise.
I promise to keep it confidential, and to give you honest answers and advice that works.
Don’t let a cultural taboo stop you from changing your life.
Why don’t you like telling people about your money?