Does talking about money make you feel flustered and overwhelmed? do you have your head in the sand about your personal or business finances?
This bitesize lesson will help you take the first steps to letting go of financial fear and shame, to start having open conversations smart savings.
Featuring Thasunda Duckett, President and Chief Executive Officer of TIAA, this video from 'The Way We Work,' by TED, presents a transformative approach to changing the narrative around money thoughts in your head.
It Starts With Honest Conversations
Thasunda believes in the power of honest conversations around finances, and she shares the following six lessons on how to foster healthier relationships with money and begin saving wisely.
Talk about it. Discussing money matters is often considered taboo, but it's essential for financial health.
Understand what money is. Money is not an end in itself; it is a tool to achieve your goals. It doesn't define you, but aids in accomplishing what matters most to you.
Identify what matters to you. Have a clear understanding of what you're saving for. Be it short-term or long-term goals, knowing what you are working towards is crucial.
Visualise it. Visual representations serve as constant reminders of what you're striving for and can motivate you to align your behaviours with your goals.
Remember, it's not what you make, it's what you keep. The key to financial health lies not in the amount you earn, but in how much you save.
Be good to yourself. Understand that your self-worth is not determined by your net worth.