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What are Money Dates and Why Should You be Having Them Weekly?
Setting time aside to focus on your finances is one of the keys to building wealth.
In their book “The Millionaire Next Door”, Stanley and Danko state that the wealthy, “allocate nearly twice the number of hours per month to planning their financial investments” than the rest of society. They add that they “allocate their time, energy, and money efficiently, in ways conducive to building wealth.”
When people think about the idea of setting time aside to build their financial literacy and wealth, they picture themselves staring at a sheet of paper with numbers on it.
What I picture is a fun drink in my hand, music playing and an agenda.
Another misconception is that you need to block out hours at a time when in fact starting with 15-30 minutes a week is just right. If you are efficient with your time that may be enough long term.
Even though the time commitment is short you should write it in your weekly planner. The time and day can vary week by week as life happens. The idea here is to be consistent by keeping it weekly.
Here are some ideas on what to focus on while on a money date and how to make it fun. These ideas are for those that are with a partner or single!
- Listen to a podcast…
