323 – Is Good Money Management a Talent or a Learnable Skill?

Debt Free in 30

It's the 10th annual financial literacy month sponsored by the federal government.

Are we more financially literate than we were 10 years ago? Our debt levels keep increasing, so it doesn’t appear so. Is it possible to learn money management skills, or do you have to be born with it, like athletic ability.

On today’s short podcast Doug Hoyes explains why he believes you can learn to manage your money, and he gives four lessons on how to do it.

#FLM2020

Time Stamps:

7:28 – Lesson 1 – What do you want?

9:47 – Lesson 2 – Do it the easy way

11:11 – Lesson 3 – Understand the Other Guy

14:54 – Lesson 4 – Ask Questions

Related Links:

Government of Canada Financial Literacy Month website:

https://www.canada.ca/en/financial-consumer-agency/campaigns/financial-literacy-month.html

Government of Canada, have a plan to pay off your debt:

https://www.canada.ca/en/financial-consumer-agency/campaigns/it-pays-to-know.html

Government of Canada, de-emphasizing the most powerful debt relief options:

https://www.canada.ca/en/financial-consumer-agency/services/debt.html

The “Don’t Budget” Video: https://youtu.be/u5q1Qge3k8s

Can you create your own reality? https://youtu.be/PuiP9I6_cMg

Getting out of debt requires a system, not just a goal https://youtu.be/ysvkV0uN7mM

The Fable of the $20 bill https://youtu.be/5fYfAvSnNps

Doug’s Book, Straight Talk on Your Money, available on Amazon, Kindle and as an audio book:

https://www.hoyes.com/straight-talk/