What came first? The chicken or the egg? Getting the ducats? Or learning how to manage your ducats? One of the biggest criticisms of Financial Literacy/Personal Finance sites is they are geared towards people who are financial well off. Critics say that it is easy to teach folks who already got it how to maintain it and grow it.
I call foolery on that. Yes, there are quite a few sites whose message seems to be “how about your poorz stop buying that $2 coffee or a cell phone then you’ll be rich”. Those kinds of sites work my nerves too. There are a lot of forces at play that keep people from having money to save and invest. Not everyone who isn’t in the best financial shape is that way because of a cup of coffee or an iPhone.
DIAR came about because I want to teach folks about saving and investing. This site exists to give folks the tools they need to get their ducats in a row. There is no prerequisite of having a six figure net worth in order to benefit from this site. If your ducats ain’t where you want them to be, you can still get the knowledge. How many folks do you know who cannot manage a few hundred dollars? Chances are if you cannot manage a little, then you surely cannot manage more. That’s akin to saying “yeah I can’t take care of this beater car, but watch if I get a 2019 Benz”...
Every day I learn something new about money and personal finance. Even as someone who has a firm grip on the subject, I can always learn more. But you wanna know when I learned the most about personal finance? I did the most studying when I didn’t have 2 nickels to rub together. I was versed on 401(k)s when I worked jobs where I was lucky to get a paid 15 minute break. I was reading up on dollar cost averaging, when I couldn’t afford to buy penny stocks.
I am hella aware that a lot of folks are out here living check to check. I am also aware that there are folks who never made a lot of money but managed to carve out a nice retirement. Don’t let a defeatist view of your finances keep you from learning how to get your ducats in a row. You wouldn’t try to build a house without a blueprint. You wouldn’t try to make a new dish without a recipe. So why would it be a good idea to grow your money without understanding it first?
DIAR is here to give you the knowledge and the tools. When those ducats you want walk through the door, you want to welcome them with open arms. Remember the old Swahili proverb: If you stay ready, you won’t have to get ready!
What say ya’ll? Is financial literacy only for folks who have their finances in “order”? Why are some folks afraid to deal with the realities of finances? Hit that comment box and tell me what you think.