3 Steps to Avoiding Fear in Personal Finance

Are you afraid of revealing your personal financial situation and being judged harshly by financial professionals, your parents, or other people in your social circle? If yes, then you are not alone.

According to a 2014 survey of 2,000+ U.S. adults commissioned by TradeKing Advisors, 57% of would-be investors say that the thought of speaking with a financial adviser in person (either in a face-to-face meeting or on the telephone) has stopped them from investing. Seventy-four percent of Millennials (ages 18-34) and 66% of Gen X (ages 35-44) have allowed fear to paralyze them.

Whether you are part of these generations or not, you don’t have to be afraid.

6 Financial Goals to Consider

When I was younger, I was often told by financial professionals that I needed to set financial goals. I heard that I should first define my life ambitions. Next, I needed to marry my professional and personal aims with specific financial goals. Then I could plot my path to achieving my dreams.

However, when I was in my early twenties, I hadn’t yet gotten clarity on exactly how I might spend the next 30 to 50 years of my life. More than three decades after my first awkward conversation with a financial professional, I’ve learned that I am (relatively) normal.

Investing Lessons from The Wolf of Wall Street

When I heard about the movie The Wolf of Wall Street, I was excited and intrigued. I anticipated that this movie would offer an insider’s view of Wall Street, specifically about the investment business.

First, I was disappointed (and a bit freaked out) by the adult content of this movie. I should have known something was amiss when my teenage son questioned my selection of this movie, which I borrowed from the library. For now, though, I am going to focus on the story and its valuable lessons.