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Do You Think the Money Game is Rigged?

  • Writer: Lori Curtiss
    Lori Curtiss
  • Jun 9
  • 3 min read

Updated: Jun 9

If we haven't connected much before, let me introduce you to a concept my kids playfully coined, 'being Loried.' It's basically what happens when trying to be gentle and nice just isn't getting through, and a dose of clear, loving candor becomes necessary. This way of handling things is something I've learned over the years, especially in helping my kids figure out how much control they have over their own lives versus what's outside their control. You might find some of what I say in this newsletter pretty straightforward, but just like with my family, this directness comes from truly believing you can rock the money game. I want to ensure you have all the tools to win. So, get ready to be 'Loried' this month, as we tackle something many of us totally get: that feeling that the financial system is totally stacked against us.


It's easy to feel that way when you're facing financial challenges. You look around, and you see that some people seem to have a huge head start.


And let's be honest, the system isn't always fair. As Malcolm Gladwell discusses in "Revenge of the Tipping Point," there are inherent advantages. Not everyone has access to the same resources, like wealthy parents, safe neighborhoods, or top-tier education. Life, in general, isn't fair, and it likely never will be.


However, and this is crucial, if you get stuck in the belief that the system is completely rigged against you, you'll stay stuck. It's time for a change in perspective, moving towards empowerment!


How do you actually win at the money game then?  


After 22 years in this industry, I have had the privilege of learning the rules, and I would love to share some key principles that can help you navigate the financial landscape:


  • You need the right tools: This means more than just having a bank account. It's about equipping yourself with financial literacy, budgeting skills, and investment knowledge. It also means seeking out resources and professionals who can guide you, such as financial advisors or mentors. When seeking a financial planner, consider working with a fee-only or advice-only planner, as they prioritize your best interests.  


  • You need to learn the rules of the game: The financial world has its own set of rules, and many of them aren't explicitly taught. This involves understanding how credit works, how debt can accumulate (and how to manage it), the basics of investing, and how to navigate taxes. You can expand your knowledge through various avenues, such as taking courses like the free financial course offered by McGill University (https://www.mcgillpersonalfinance.com/). It's about becoming a student of personal finance and continuously expanding your knowledge.


  • You need to play the long game: Financial success isn't typically an overnight phenomenon. It requires patience and consistency, especially with investing. This means setting long-term goals and sticking to a plan, even when the market fluctuates.


  • You need to understand your own psychology around money: Our emotions and beliefs about money can significantly impact our financial decisions. This principle involves recognizing your financial habits, identifying potential biases (like impulse spending or fear of investing), and developing a healthier relationship with money. My new Financial Wellness Workshop is a fantastic way to take a deep dive into these very concepts and truly understand your money mindset - learn more at: https://www.amoneymakermindset.com/financialwellnessworkshop.


  • You need to take calculated risks: While reckless behavior is detrimental, avoiding all risk can also hinder financial growth. This means understanding different types of investments, assessing your risk tolerance, and making informed decisions that align with your financial goals.


  • You need to continually adapt and learn: The financial landscape is constantly evolving. Staying informed about economic changes, new investment opportunities, and shifts in financial regulations is crucial for long-term success. This could involve reading financial news, attending webinars, or consulting with your financial planner regularly.


We've covered a lot about leveling up in the money game, from having the right tools to understanding your own money psychology. The question now is, with this fresh perspective, do you believe you can win? I genuinely believe you can. If you're ready to put these insights into action and want a partner to help you navigate the financial landscape, reach out. I'm happy to help you learn the rules and build your winning strategy!



 
 
 

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