Written by Kodie Axelsen
Sitting back and listening to the Australian population and the media, it tells a story of struggle and the generations missing out on the opportunity for home ownership.
I wonder if our expectations are at odds? We have UberEATS and online shopping and so many ways to spend our money at our fingertips. I wonder if we should take responsibility for the pressure we put on ourselves to have more?
Our spending patterns are reflecting households that spend more than they must. Maybe the struggle people are feeling has them spending in order to feel fulfilled- to look for some joy in their hard-earned money? It’s understandable. Everything has become so expensive. It’s no wonder people are not seeing the wider perspective of working towards a bigger goal and investing what they can, where they can.
It is the opposing situation of living in the moment, wanting some sort of happiness and control over things in the moment. People manage their money, their assets, their businesses and their retirement differently. Some prioritise it and others don’t.
I believe that investing in something is better than investing in nothing. That tiny actions towards your financial freedom is something to be proud of and something to prioritise. Starting small is better than not starting at all.
I think as parents it would be great to teach our kids financial literacy and the value of money. If we can teach them early, they’ll learn a greater sense of financial responsibility and possibly start building themselves a life that allows them freedom.
Money makes the world go around in some form or another. It is the ultimate act of self-love to start investing in your financial literacy. Hopefully then, our future generations will be able to find some freedom and security and take control of their lives and their futures. Financial security is one of the ultimate forms of independence.
I hope this article sheds a little light on the importance of how money plays a crucial role in our happiness. Don’t discount the little moves as they can become a lot. It’s never too late to start.