This is the key to financial freedom | Personal finance
Paying bills can be a drag, but keeping track of your finances can also be empowering and even fun. In this Motley Fool live clip recorded on January 12, co-author of Stacked: Your Super Serious Guide to Modern Money Management, Emily Guy Birken, shares her tips for rethinking your relationship with money.
Emily Guy Birken: Because I often have to like to reduce my humor when I write about finance. Just because often it’s expected to be the case, we’re going to take it seriously. Although I like to approach everything with a little irreverence and a little humor. When it comes to money in particular, the way my brain has been wired since I was a kid is that I get a lot of pleasure and satisfaction from tracking my expenses, budgeting in advance, and things like that. It’s just something that’s the way my brain works and so, I’m happy to sit back and pay bills. I know it’s not normal [laughs]. That means I’m an outlier.
The thing is, my success with money happened because I’m having fun while I’m doing it. The thing is, everyone can have fun too. It’s possible for everyone to find a way to have fun with money. Even if you’re not wired with this weird thing that makes me go, phew! spreadsheets [laughs]. This is something I would really like to see more people understand is that you can have fun with money. It doesn’t have to be a chore, it doesn’t have to be stressful, it doesn’t have to feel like life or death. When you do this you are going to be more successful because you are going to keep coming back to it because consistency is often the only thing that really holds you back. If you’re already in a position where you don’t make enough money to live off of this stuff.