You have friends that need financial help! You have family members that need financial help! You have co-workers that need financial help! You may need financial help!
The financial help I am speaking of is not the act of giving away money. It is the act of teaching them key personal finance skills. It is teaching them how to put together a monthly zero-based budget. It is teaching them to use an envelope system, putting their cash into envelopes for key expense items and spending only what is in the envelope. There is no trip to the ATM when the envelope runs out of cash, there are creative meals from the cupboards. It is teaching them the lost art of saving so they can pay cash for their purchases. It is teaching them to say “NO!” to debt. It is teaching them the 8th wonder of the world – compound interest. It is teaching them to have a will. It is teaching them to have insurance – health, term-life, auto … It is teaching them to demand a better deal. It is teaching them to have control of their spending habits.
It does not happen overnight. They will screw it up. They will struggle with some items that were easy for you to deal with. They will breeze through other items that were hard for you. They may grow weary of the process, but in the end it will be worth it all. You will have helped to equip them to do exactly what they were put on this earth to do! You will have helped their marriage. You will have changed their children’s entire future!
Who could you help out financially this week? Go spend three hours with someone who needs help. This week!