Feel Better about your money. Have financial wellness
“Money isn’t everything, but everything needs money”, as the saying goes. These words could not be more appropriate but reveal that the relationship between most people and their money is very fragile.
Money-related matters cause anxiety, and the fear of running out of this commodity is real. When, on rare occasions, individuals are not worried about their money or paying the bills, many adopt a “head in the sand” approach. They abdicate their financial responsibilities to their bank or financial advisor or ignore them, hoping the wolf at the door will magically vanish.
It’s never too late to “money better”
Fortunately, it’s never too late to “Money Better”. By this, we mean making your money work as hard for you as you do to earn it—and to feel good while doing it, giving you financial wellness. Let’s not be mistaken; by practising “Money Better”, we are not advocating for a simple DIY approach to handling your finances; we want you to feel better about your financial assets.
DMA believes there’s a middle ground between DIY and advisor-led investing, an approach that provides a guided architecture or set of guardrails that nudge your investing behaviour in the right direction. Bringing you closer to your money.
“Not all of us are expert carpenters or handymen,” says Richard North, CEO of DMA, “that’s why we turn to functional solutions like IKEA, which help you assemble a piece of furniture with easy-to-follow instructions, giving you a sense of ownership and pride in what you created. Building wealth should feel the same way.”
The two main reasons people invest are out of fear or greed, but this need not be the case once you embark on a journey to take control of your money.
Education about saving and investing is key to building a better relationship with your money. Take the time to learn more, even just a little daily. The compound effect of your knowledge, much like the compound effect of long-term investing, might surprise you. Above all, be kind to yourself and move at your own pace.
Saving and Investing should be positive
Saving should be a positive experience and investment even more so. Think of all the products around us. Then imagine that you could have actual ownership in a company like Coca-Cola, to name but one of the thousands, and you will realise how exciting the investing world truly is.
The opportunities available to you are endless. Once the investment bug bites, you will not only have greater peace of mind regarding a brighter future for yourself and your loved ones. You will also experience how contagious and thrilling investing in the stock market, but ultimately you can be.
Now is the time to rekindle your relationship with your money, and the great news is that it’s never too late to “Money Better”. Being better with money starts with feeling better about money.
Embrace your money; after all, you work hard to earn it. You’ll be all the better for it.
(Full disclosure: This blog is paid for by DMA, whose approach to investing and money wellness is referenced in this article.)