The Money Trap

My parents raised me to understand that one must earn money, rather than just receive it. Every penny I owned was earned (other than birthday checks from friends/family). When I completed a chore, mom gave me the value of that task. Vacuuming was worth $1 per room, whereas cleaning the windows was a flat rate of $2. Since I also received money from birthdays and other holidays, mom would bring me to the bank on a regular basis. She always reminded me that while I could cash some of my checks, I should put some of it in savings for a “rainy day.”  Many parents view money in an unhealthy way, so kids end up being spoiled and without any understanding of earning or saving money. I was lucky to have parents who emphasized the importance of both on me.

The Money Trap

As an adult, I have a strict budget that I live by and I have automatic transfers setup to support my savings goals. Now that I am in the first phases of starting a business, my awareness of finances is heightened. How will I pay for the development? What is my business model for earning money from this idea? It all ties into the roots that my parents set in my understanding of money.

So many small businesses trying to launch do not have a strong financial education – no plan, budget, investments, or awareness of spending. savings goals. Women in particular fall into many of the money traps. While I never think twice about this normally, one of my business advisers has pointed out that understanding money is a major issue in the US. Financial freedom takes a work, awareness and support from others.

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Bridges Should Always Remain

We have all experienced times in our lives when we want to get revenge or pretend we do not know the person who hurt us. As much pain as he or she brought on me, the experience changed me and possibly made me a better person. Running or hiding never solved anything (unless there is a zombie apocalypse), so I realized one day that I need to stop and recognize the experience for what it is. The people we meet and the experiences we share enrich our lives. It sounds a bit cliche, but think about it – what would you lose if you stopped connecting with others?

  • Smiles and laughter
  • Great stories to re-tell
  • Moments of epiphany
  • Breakthroughs – even if they come from tears
  • Self realizations friends and connections matter

The picture here is goofy, and you can tell that we are long time friends. It doesn’t matter if we have fought before, annoyed the other person or simply disagreed. We know there is a connection worth holding on to.

I am a big proponent of making deep connections with those I work with and professionally befriend. There have definitely been times when I don’t want to hear an alternative opinion to my idea or concept, but I listen anyway. We all have those moments where a client or co-worker says every possible thing incorrectly and insists that he or she is right. A difficult part of being a leader or a good manager is relationship building. If you have taken the time to build strong bridges, then no disagreement will break that trust. Being honest about who you are, your limitations, understanding other people and accepting it will make you a great leader.