Have you ever felt like you needed help with money? Feeling like you don’t know how to manage your finances or make your first investment can be a difficult thing. Without the time to learn, or someone to unload their financial advice, it is hard to know what to do with your money. While I am a financial blogger and people would expect me to have all of the answers (more and more people are asking me for “financial advice” – which excites me), the truth of the matter is that I don’t have all the answers (yet). If we are honest with ourselves, I think we can all agree that we need help with money in at least one point in our lives.
Admitting You Need Help with Money Can be Difficult
When it comes down to it, we all know the pressures that western civilization puts on us. The capitalist-driven society prides itself on pulling yourself up by your boot-straps. There is an ever-present notion that you have to go it alone. What is even more depressing, it seems that financial education between family generations is significantly lacking. If you have been to college, whether you have already graduated from it or are still in it, I would suspect that you have experienced first hand the transition phase from childhood to adulthood. This is often the period where young adults are forced to take charge of their finances.
I know from my personal experience that I had to learn by myself. I was given the task of paying for college by myself. While I was able to graduate without school loans, I was forced to learn many things on my own. While I did have parents that would have answered questions had I asked them, for some reason it didn’t seem natural. I think my experience relates to what other young adults experience in this lack of financial advice.
Asking for Help with Money Is Beneficial
Whether you feel natural doing it or not, asking for help with money can be quite beneficial. As it turns out, over the past couple of years I have learned this very lesson. After my wife and I got married, it was more natural for me to ask my father-in-law for help. I’m not sure exactly what this happened, but the social norm was probably broken easier because he’s an accountant. As a result of my willingness to ask for his advice, I have learned many things that would have taken my years to realize, including the benefits of a Roth IRA.
I think you will realize that if you stop to ask for help with money, the experience you will gain will speed up your success with money. It may not be a popular thing to ask for help these days since we can google everything in a matter of seconds, but there still is value in knowledge being transferred from generation to generation. The bottom line is the knowledge comes with experience. Maybe not exclusively so, but why not take advantage of the resources available to us.
photocredit: epSos.de via Flickr