As Neil Diamond says in 'Forever in Blue Jeans', “money talks.” Aside from being a great song, it's certainly true. But what is also true and, in fact, more important is that we need to talk about money.
No, we do not, I hear you cry. It’s dull, it makes us nervous and most of us feel we don’t have enough of it. Add that to the fact that many business are still recovering from the pandemic, and individuals are trying to cope with an ever-increasing cost of living, and it can cause many people sleepless nights and a great deal of worry. Talk about money? No thank you - I would rather talk about just about anything else.
However, all that makes it even more important that we do talk about money – all of us. Did you know, for instance, that research shows that people who talk about money make better and less risky financial decisions? People who talk about money feel less stressed, less anxious, and more in control. And, perhaps most surprisingly, people who talk about money have stronger personal relationships.
Building money talk into our everyday lives also helps us build financial confidence and resilience. It makes us better equipped to deal with money problems if and when they arise.
And all of that applies to the people you employ and support.