Over the past three months, I have been able to meet with 123 people in 81 different one-on-one financial counseling appointments.
What an amazing quarter! I have been honored to meet each person and hear their story.
Here are some key things I have learned through these counseling sessions.
- Couples who work together on their finances are in better financial condition than couples who do not work together.
- People who give faithfully rarely have huge, burdensome financial problems.
- People want HELP/HOPE not REPROACH/DISAPPROVAL (they already know that they have a problem!)
- Some people will just flat-out refuse to learn.
- You have no idea how much debt your neighbor/friend/relative has!
- People have big dreams/ideas/plans, but have no idea how much it will cost to accomplish them.
- It does not matter how much you make, only how much you give/save/spend.
- People pay way too much for insurance.
- Car payments are an epidemic.
- Saving money is a foreign concept for many people.
- Once shown a better way (INCOME – OUTGO = EXACTLY ZERO), most people will immediately switch!
- Schools are doing an awful job of teaching money management.
- Parents are doing an even worse job of teaching money management.
What have you learned as you have learned to manage your money better?