To All Money Avoiders...

I see it all the time. Women do not get serious about money—making it or managing it—until a crisis hits.

Either their world falls apart, or feels like it’s about to. That’s when they finally take action.

I did it myself. I waited until a million dollar tax bill almost wiped me out. Not smart!! Not fun!! Not the best timing.

How about you? Are you avoiding your finances?

Instead of waiting for the pain to get worse than the fear or for your very foundation to be violently (or even mildly) shaken, try this experiment.

Focus on what inspires you and stop dwelling on what scares you.

Forget all the things that can go wrong.

Think about the joy of finally feeling financially free, the deep satisfaction of contributing to causes you’re passionate about, helping those people you love.

That’s what I finally did. I started thinking about what kind of a role model I wanted to be for my daughters instead of obsessing about my terror of screwing up.

When I made that shift, I had no choice…I could no longer let fear stop me!

What, around your finances, are you avoiding? Share below.

Comments & Feedback


Maggie

August 23, 2017 AT 10:30AM

I’m avoiding buying a house even though I know we need to. I’m scared of all the responsibility of owning a home which is ridiculous as I am middle-aged and own my own business. I hate that I feel vulnerable in my home as rental properties in my area are all facing “renovictions” as rental prices are skyrocketing. I don’t think I have enough in savings ($10,000) to buy, but maybe I’m wrong. Sorry if this is an overshare, it’s just on my mind. I read everything of yours I can get my hands on Barbara. Love your work!


Jehna

August 23, 2017 AT 10:33PM

Hi Maggie,

If you are first time buyer, there are all sorts of government loan opportunities awaits you. It’s all set up to encourage and they make it much easier for first buyers, especially if you have good credit (and if not start building up the score and pay off all debts)

Buying a house can be easy, but I do understand your fear but as I said to myself the last time I bought my place…if it’s meant to be and i do all the work that is required of me by my agent and loan officer I have to let go and trust that if it’s meant to be it will happen. Yes, owning a house comes with lots of responsibilities but you’ll also feel the freedom that no landlord is going to hijack your paycheck to pay more rent each month…that’s more scary to me and is what had motivated me to just “TRY IT” and see what happen and guess what? Although it took a while, but 10 months later and with very little down ($), I moved into my new place, now I can sleep at night knowing I will be paying the exact same amount for mortgage the next 15 years…now that’s what I call a peace of mind.

So go for it and give it a try…in the process if you are turn down, no worries, you just found out what you have to do to prepare you for the next time you apply, just keep going, don’t get discouraged and in the journey you’ll find out how strong you are and nothing feels greater than owning your own place (just make sure you budget yourself and have a goal with how much you can afford to pay each month)

Good Luck, I know you can do this (if you want ) 🙂


Katie

August 24, 2017 AT 11:28AM

For me – as I am heading towards retirement – I’m somehow avoiding/not addressing in a serious way the need to clear my credit card balances. Always get snared into something that I simply ‘have to’ charge — or making a smaller payment than I had planned — and the balances just stay there.

I get, deeper down, that there is a core issue here — and I need to begin to put the money practices I truly know into my daily life. I do well pretty much everywhere else – so there is something in this one area that both limits my freedom immensely, is a source of shame and embarrassment….and that I am avoiding.

katey hauser

August 25, 2017 AT 6:38AM

Hi, I am avoiding figuring out taxes. I have been in business for 25 years. I have turned tax stuff over to my accountant and never really paid much attention to it. I have now been divorced for 4 years and had been practicing Chiropractic with my now ex-husband. I am on my own and while I have been in business for a long time its amazing to me I have survived! The running of the business hasn’t really been my thing. I ignore every letter that comes from the IRS and I owe a bunch in back taxes. I am now going to take my head out of the sand and look at it head on…make it colorful and fun on a spreadsheet.


Nicole

September 10, 2017 AT 3:34PM

Hi Katey
Anything that you want to learn about taxes is on IRS.gov
Look up the “publication” by the topic that you want to learn about!
You may also order a paper copy for free over the telephone.

Here are some suggestions
(Not meant to be financial advice. I have to say that )

Going forward….
Seperate your “new” sole proprietor business from your “old” partnership.
Get a new FEIN. You can do this online.

See a tax planner. You may also want to incorporate into an LLC or other format.

IRS problems CAN be solved. 😉

You may file an amended return.
You may submit documents that prove your side.
You may propose an “offer in settlement”
There are other options.
Talking to a lawyer and an accountant BEFORE you talk to an IRS agent would be my suggestion.

To All Money Avoiders…

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