My son and I have had an ongoing disagreement this past year while we travel to and from school each day. He has the misfortune of having been born to a financial advisor. He has decided we are poor because I won’t agree to spend our funds on the many items he wants from day to day. He isn’t quite old enough to appreciate the value of a dollar, and we are trying to help him understand that we have to prioritize our spending. I have tried to explain to him that there is a difference between being poor and not having the money to purchase items and choosing not to waste our money. When I was younger, my parents never talked about money. I never received training on balancing a checkbook or creating a budget. I had no concept of how my parents made financial decisions. Even if he doesn’t appreciate it now, I hope my openness about how we choose to direct our dollars will help him when it is his turn to manage a budget.
April is Financial Literacy Month! The statistics are sobering about the lack of financial education in our nation. GenWealth Financial Advisors has been trying to provide solutions to this shortfall by offering educational opportunities as often as possible through workshops, our radio program, and blogs for many years. All of these resources have been available free of charge to anyone with a hunger to learn. If only I had known about them sooner! For me, it wasn’t until I was in my mid-20’s that I took Dave Ramsey’s Financial Peace University and learned how to create a budget, save for emergencies, and take control of my spending. Then, in my early 30s, I joined the GenWealth team and realized there was still so much I needed to learn. Working as an advisor, I have helped several families learn how to define their financial goals and create a plan for working toward them. My desire is to be able to celebrate the progress of families who tackle debt and begin building toward their financial goals. It fills my heart to hear the excitement families feel when they are on the path to financial independence.
One of Dave Ramsey’s teachings that always stuck with me – maybe because my mom was a teacher – is his recommendation that you need an advisor with the heart of a teacher. Since April is Financial Literacy month, why not make a commitment to start now by finding your financial coach. Whether you are at the beginning of your financial journey, nearing retirement, or have entered retirement, an advisor with the heart of a teacher can help you learn the tools you need to navigate your unique path. As a kid, I remember hearing the GI Joe tagline: “Now you know. And, knowing is half the battle!” Whatever your financial battle is, gaining the knowledge to tackle it may be as simple as having the right advisor to help. Our team of advisors is ready to help you grow your financial knowledge – are you ready? If so, contact us at firstname.lastname@example.org today.
The opinions voiced in this material are for general information only and not intended to provide specific advice or recommendations for any individual.
The SmartVestor program is a directory of investment professionals. Neither Dave Ramsey nor SmartVestor are affiliates of GenWealth Financial Advisors or LPL Financial.