"One CEO friend admitted to me that he envies people who can mentally track their finances because "when you lose touch with your money, you lose touch with reality." This isn't about being obsessed with money. It's about respecting it enough to pay attention. When every pound matters, you develop a relationship with money that's both practical and profound."
"My mother could tell you, without checking, how much was in her purse, her bank account, and what bills were coming up. She didn't need a fancy app or financial advisor. She had it all in her head. I've met successful entrepreneurs who confess they have no idea what's in their checking account on any given day."
Working-class people develop precise mental accounting and know exactly where every pound goes, often without apps or advisors. They find joy through low-cost activities and prioritize experiences over consumption. They repair, reuse, and delay gratification, resisting impulse purchases and lifestyle inflation. They pool resources, share skills, and use informal support networks to stretch finances and reduce costs. They prioritize essentials, avoid unnecessary debt, and treat money with respect and attention. These habits foster financial resilience, intentional spending, and a practical, disciplined relationship with money that sustains wellbeing despite limited resources.
Read at Silicon Canals
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