What can you learn about money on Valentine’s day? Have money and love got anything in common? Yes, and here’s why!
Love and money belong to totally different categories. Love is about how to live; how I treat others and also myself.
Money, on the other hand, is a tool. It’s a concept to help us maintain order in society, to measure values and to exchange goods. It enables us to save, invest and earn. It allows us to provide and to share.
However, for some weird reason, we tend to mix up love and money very often.
What I can tell you for sure is that neither the love of money or ignoring it altogether won’t bring any good into our lives. Money is not about love or admiration, nor is it about ignorance or apathy. Money is simply about managing. It’s about applying rules that allow you to save money, invest, multiply, and get rid of debts.
Money is not about bringing happiness – or not bringing happiness, as the case may be. The famous proverb “Money doesn’t bring happiness” is a fundamentally wrong statement. Money is about how I pay my bills, how I secure my future and my family’s future, how I manage my time and prioritise my needs, and what values I Iive by.
So is there anything that love and money have in common? Of course. If I love you, I will certainly be ready to share my money with you. I will want to look after you, even at my own cost. Love is firstly about giving, in a very natural way.
Money is a means to achieve goals.
Money cannot be loved, I am afraid. You cannot love a mathematic formula or a set of symbols. You cannot really love a superfast processor in your computer or a mobile app.
Certainly you cannot love a maths formula, but you should understand it and know how to apply it in your life.
When you understand at least these simple truths about money and love, then you can be very successful in your relationship with your Romeo or Juliet!
I’ve been with my wife exactly ten years. It’s really enough time to overcome a lot different challenges, isn’t it? But we have never, not even for a one moment, doubted that we can overcome them and move to the next level. One of the most important reasons for this is that we are very confident in our financial skills, and in the quality of our communications about money.
If you also want to gain such confidence in your romantic relationship, try this two simple tips.
First, talk about money regularly – ideally on a daily basis. Your regular conversations about money must include discussing your long term financial plans. When you work together on your financial plans, you are working on your life plans at the same time. There is little chance that you can achieve your long term plans without knowing the financial dimension of them.
Once you have your long term goals, it’s good to divide them into medium term and short term goals. This done, it’s so easy to manage your finances together – you are both aware what direction you are going in, what your shared dreams are, and what the road map to reaching them looks like. These talks spell out the strategy, and detail exactly how you’re going to get there.
Second, educate yourselves together. I would recommend reading at least one book a year (we read 20-30 books a year in general, but one about finance is the minimum). Attend at least one seminar a year. And once a month play Cashflow, or another educational game.
When you do these things, finance becomes just one aspect of your life together. You discuss it in a natural way, just like anything else. Instead of arguing, you execute your plans. Instead of worrying, you always work on solutions. And instead of reacting to challenges, you solve any problems before they appear.
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