Money Management is Not an Innate Ability
Have you ever been in a meeting, or just talking to someone and heard them say something like, "I am terrible with money, always have been, so I let my spouse handle the finances."? This is a common occurrence. People think that to be good at money you have to be born with some innate ability, and if they do not have it, they should pass the responsibility to someone else. Well, that is all fine and good as long as the person you are passing it to is good with money. However, what happens when both parties are poor money managers? What happens when both the husband and wife feel like they were born with the inability to properly manage money? Is this couple doomed to financial failure because of some cosmic design in their genetic makeup? The answer is YES-if they continue to think that money management is an innate ability. The answer is NO if they come to the realization that everyone can be a good money manager, but it takes work.
