No Debt Shaming Please

Debt At Forty FivePolite society does not talk about money and debt. We do not discuss financial matters – good or bad. We may whisper quietly about the Smiths who have fallen on hard times or about how ostentatious the Jones’s are but we do not discuss those matters. And we never discuss our own financial state with others.

We shelter children from the financial realities of life. We will let them be children and give them all we can. This is proper etiquette. Just like if you ask how much it costs, you probably can’t afford it. Well, Miss Manners, Pish, and Tush!!! Our society would be a lot better off if people did talk about money, finances, and debt. If people did learn how to handle their money at a young age. The difference between the rich and the poor begins with the rich learning how to handle money.

There is nothing to be ashamed of if you have money problems, especially since you more than likely have not received proper training on how to deal with money. I mean, imagine someone asked you to perform brain surgery and you weren’t a neurosurgeon. No one would shame you for not being able to perform the operation. Yet, we expect people to be able to control their money and their finances even if they have had no proper training in how to manage finances.  Perhaps in their childhood, they learned money is the root of all evil or the wealthy are considered greedy and criminal.

Debt At Forty FiveLack of financial knowledge is one reason why 125, 878 bankruptcies and consumer proposal were filed in 2016 in Canada.  There is nothing to be ashamed about if you file for bankruptcy. It happens. The goal is to pick yourself up and forge ahead, not making the same mistakes as previously. Take responsibility for your actions and remember, it is never too late to learn how to think like the rich, handle your money like the rich and live a prosperous life.

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Karen Magill
Karen Magill Contributor
Karen was disabled by MS in 2000, took a 30% cut in pay, and went through a bankruptcy. Once she was able to get credit again, she found herself following the same spending path that got her into trouble but this time she caught herself. Now Karen guides women through the 5-step process she used to save herself over $400,000.00 in future credit card interest charges so they can pay their debt off faster, save money and focus on other goals to enrich their lives.
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