This blog will help parents and young adults understand their relationship with money and learn how to be financially free. This blog has nothing to do with accumulating wealth, but everything to do with helping young adults understand the value of money.
Dad, interest rates just went up. What do higher interest rates mean? Should that concern me? Does it even make a difference? It is something that only really matters to big players in the investment world?
Whoa, whoa, whoa! Let’s deal with the main question, and I’m glad you asked: What do higher interest rates mean? I think the answer to that will answer the others.
Teenagers ask the darndest questions. As my son starts to figure out life and money, he has a ton of questions. “Am I Financially Dumb because I do not understand how to manage my money?”
Personal finance and understanding your relationship with money, on the surface, seems like common sense.
Being financially is probably the pinnacle of most peoples lives….but it has nothing to do with having lots of money. It is not an event.
What an awesome feeling it must be to achieve financial freedom. I wonder if you scream from the rooftops that you are financially free. How do you measure being financially free?
Unfortunately there is no measurement. There are no announcements. In fact, people who are financially free, don’t even know that they are. Weird!