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Remembering Financial Well-Being
By Kinney Dancair
Setting up your financial world for the first time is like using a muscle you have never used before. Those of us who have not yet set up a life of securities and savings and so forth have to start by remembering how to do something we have never done. The use of the word remembering in this way is a buddhist trick to help you to do something that is new and scary. The truth is, the buddhist-capitalist might say, that you are already an expert at putting your financial house in order. Now all you need to do is remember what it feels like to be good at financial habits.
For many people starting out on the path to financial solvency, renting is the standard lifestyle. Many renters are not careful to set up their financial lives in a way that has long-term ascendency. They fail to save; they fail to even get renter's insurance. Instead, they live for the moment, spending money on whatever comes their way. If they see a shirt they like and there is still money left from the paycheck, they go ahead and buy it. This type of lifestyle--while blissful during the good times--is miserable during the bad times. Family, government, and church have to be asked to bail these folks out every time something goes wrong.
Of course, I am not suggesting that there is something shameful about living this lifestyle, on the contrary, living in the moment is a powerful spiritual principle taught by all of the great masters, including Jesus Christ, Buddha, and Mohammed. However, there is a way to embrace the present while preparing for the future. That way is to remember how good it feels to save money, buy insurance, and plan for your long-term financial well-being. It is an activity that is rewarding for its own sake. In the present, the peace of mind that a simple investment like renter's insurance can give you is as great as you can get from meditation or prayer.
If you are now a renter who lives the short-term lifestyle, begin taking steps to get yourself to a place of financial responsibility. Start with something as obvious as renter's insurance. After you have secured that, move on to a savings plan. If you must, just start out by setting aside ten percent for savings. In time that will grow into an amount of money you can start investing in larger yielding financial opportunities. Anything you can do to remember how good it feels to be financially responsible will help you to become attached to the emotion of self-sufficiency. Once that attachment has begun, nothing can stop it from growing--except you of course.
About the Author
Kinney Dancair is a writer with interests in self-improvement, business, and finance.
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