The rules for a first date are simple: put your best foot forward, but don't get naked.
Sure, first dates follow an abnormal and nerve-wracking social protocol. You wear the right clothes, you present your best self, and you laugh more (or less) than normal. You press for personal details, but you avoid creepy come-ons. Still, at the end of the day, the rules are simple. If you ever want to see that person again, put your best foot forward, and don't get naked.
Resumes follow the exact same rules.
Wealth is a flash in the pan. After nine or ten generations of a free-market-like economy dominating the world economic scene, self-made wealth still outpaces generational wealth.
What the crap compounding interest? Aren't you supposed to be magical? Sadly, its not magical at all.
In fact, anyone who claims that compounding interest is magical undermines the very mechanism which makes passive investing possible. Explaining the mechanism is complex and boring. Instead, I'm going to use my story to explain why you'll never build generational wealth.
I understand that not everybody loves spreadsheets as much as I do. I also understand that simple addition and subtraction is "too much" math for some people. Finally, I understand that some ridiculously high percentage of the population does not like to shove their opinions down other people's throats. As a rule of thumb, I befriend people who fall into all three of those categories because they are pleasant, interesting and challenging people. I call these people the artists, although there are also a handful of social advocates sprinkled among them.
This group of people has an Achilles Heel. They (by and large) do not care about finances, or to state that more accurately: they don't have an opinion about their own finances.
Its so confusing to me when I talk to people like this about money because they have no opinions about their money, they are unhappy working in corporate jobs, but their dreams cost like $2000 to fulfill. The artist's brain makes no sense to me at all.
Rather than try to appeal to why you logically should care about your finances, I will be reverting to one of my best tactics. Shoving my opinion down your throat.
You should care enough about your own finances to have an opinion about them, and if you don't have an opinion, you're doing something wrong. I'm so serious about this.
My husband is on his way to earning a PhD, so he's pretty smart. Last night, he asked me if I will ever earn money on this blog which is a ridiculous question because I've already earned $.04 on Google AdSense (I just haven't gotten paid).
When I told him as much, he had many ideas for how I should make money on the blog. These are our top contenders.
I'm a wife, a mom, an employee, and a personal finance nerd who is devoted to spreadsheeting my way through life.