It’s Time to Stop Being Ashamed of Money

ashamed of money

Having money is not evil. It’s loving money more than anything else that can get you into trouble. Everyone needs money in order to live. Not only is it wise to save for your future, it’s prudent to multiply what has been given to you.
Most people do not plan to cut back in how they spend money, and yet when they reach retirement, many people do just that—they cut back on their lifestyle significantly out of necessity. This doesn’t have to be, and it can be prevented through careful financial planning. Now that you are still young, you have time to grow your savings and multiply it for future use.

I find that when I talk to women especially, they balk at the idea of creating wealth. Whether it’s our altruistic nature or a lack of understanding how everything works with financial planning, a lot of women seem to carry shame about making additional income. My goal is to set people free from this wealth-shaming so that you are empowered to live out your life to its fullest.

If guilt is keeping you from accumulating money, let me help you imagine a life without extra money in your future.
When you’re older and retired, do you imagine yourself saying no to your grandchildren and neighbor kids when they come to you to buy cookies for a school fundraiser? What about the missions trip, retreat, or special camp your church organizes—will you be able to go to it or send someone else? How will you host guests or go out with your friends if you don’t have extra money? What about visiting your kids when they move out of state or even around the globe?

Having money when you’re confronted with these situations will give you the ability to say yes when you want to, to be generous, and to continue to make an impact on others. Women, let’s not forget that as long as we are here on this earth, we can care about the family finances too. We should care and think about our financial planning alongside our spouse. Being financially solvent does not happen by chance. So how do you get there? How do you start growing your wealth in a way that covers your expenses, pays off your mortgage, pays down your debts, and then gives you 30 years of tax-free retirement payments?

Traditional methods of saving money are good, but any kind of money plan that doesn’t grow is the same as burying your money in the sand. If you take all your money to the bank, at today’s interest rates, you’re not going to be making much on interest.  With an IRA, you will be taxed on that income, likely at a higher tax rate than what you pay today.

As a financial advisor, I show my clients how they can save money securely, with little to no risk, and grow that money to earn tax-free income for their whole life, not just retirement. It’s time to get over the guilt about money. Stop being ashamed about accumulating wealth and embrace a new way of thinking. It’s time to create a way to be generous. Create wealth that you can rely on for a lifetime.

cheryl bio Cheryl Fields is as speaker and Founder of Lifestyle Wealth Group, Author of The W.E.A.L.T.H.Report (ebook) and creator of the Wholistic Wealth for Women approach to financial security.  Her new book “Zero Is The New Million- how to pay less in taxes and be well on your way to the millionaire lifestyle” An entrepreneur for over 35 years, Cheryl began her life over after escaping 4 years of abuse in a bad relationship, and reinvented herself to become a champion for the American family and in support of the women who want to know that they can lead life on their own terms.  The author of The W.E.A.L.T.H.Report (ebook) and creator of the Wholistic Wealth for Women approach to financial security.  Her new book “Zero Is The New Million- how to pay less in taxes and be well on your way to the millionaire lifestyle”.

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