We should be talking about money more!

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Politics. Sex. Money.

Hi, this is Judi Otton with GrowthCast. If you grew up like I did, those are the three things that your mother told you never to discuss in public. I want to challenge that a little bit, and obviously, I want to talk about money.

There are a lot of reasons that we should be talking about money, but I’m going to give you three quick ones today.

First of all, knowledge. Knowledge is power. When you know what other folks are charging or making, you can ask for more too.

Second of all is education. If you know how your friends and colleagues are handling their money, doing their business budgets, or what kinds of investments they have. This may be something that you want to investigate. I am going to give you a couple of caveats here, though. One, never invest in anything you don’t understand. And two, realize that your friend’s goals may differ from yours. So please take it as a suggestion or something to investigate.

And finally, I think it’s important to talk about money so that you can be on the same page with those around you, whether we’re talking about your spouse or significant other, your family or your business, I recommend that business owners share some of their financial information with their whole company so that all those folks know what’s going on, know what’s, what’s driving profit and what’s dragging you down and what your goals are, so they can help you pull towards those goals.

If you have any questions about this, I’d love to hear your thoughts. Please share in the comments below. This is Judi Otton with GrowthCast, and I’ll be back next week with a new Fiscal Fitness Tip of the Week.

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