Friday, May 13, 2005

Why do people not care where their money has gone?

Today as I think about this question it seems to me that it is sometimes easier to live in denial than face the fact that you don't know much about money except how to spend it. And whenever you come to the realisation that you don't know about something it is easier to move away from the topic rather than face it and try to learn.
Learning can often be very painful. It is not easy to face difficult financial circumstances particularly if we feel as though our backs are up against the wall.
In my experience we never suddenly get our backs up against a wall. We gradually move towards the wall but continmue to stay in denial that we are even heading in that direction. Very much like a frog which you put in a cold container and then begin to heat up the water. The frog continues to stay in the water oblivious that its getter hotter at a very slow pace. The frog won't jump out and oin the end will be cooked alive. Contrast that with putting a frog in hot water. he will jump out straight away.
So what's the moral of this story??
Don't let circumstances and denial get you in a position of being jammed up against a wall. Face your financial circumstances early. Get yourself educated and financially literate so that you can appreciate were you are financially and then you can plan a much better future. Set some financial goals TODAY. Don't wait until tomorrow. Tonmorrow you will be one step closer to a wall that you may not see coming.

http://www.wheresthemoneygone.com/home.html

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