I Started Talking about Money and Here’s What I Learned
My experience at Graddha was the first time I really began to talk openly about money. I remember it felt uncomfortable and even scandalous initially. But as I practiced having these conversations, I was able to slowly deconstruct the many beliefs, fears, attitudes and judgements I had developed around the topic.
A “Conscious Uncoupling” of Wealth and Status
Gweneth’s Paltrow’s buzzy term might make your eyes roll. But hear us out. Wealth and status are inextricably linked. Financial wealth refers to the value of our assets and resources. Money affords us opportunities, access, and choices. However, in most cases, few people beyond our partners, financial advisors, or accountants intimately know the details of our financial situation.
Rethinking Entitlement
In families of wealth, it is common to worry about entitlement. With greater resources comes a natural concern about whether children will appreciate what they have. Will they become spoiled? Will they be motivated? There is no “owner’s manual” for raising well-adjusted children.
Financial Engagement: It Goes Beyond Financial Literacy
A key ingredient for becoming a full participant in our financial lives is being intrinsically motivated to learn financial literacy skills in the first place. Financial engagement is the integration of financial skills into a person’s life. It allows them to be intentional about how they use their money and to gain control over their finances.