“Do not talk long with a fool or visit a stupid man.
Beware of him, or you may be in trouble
and find yourself bespattered when he shakes himself.
Avoid him, if you are looking for peace,
and you will not be worn out by his folly.”
~ Ecclesiasticus 22:13
Bespattered, that’s a funny word.
Studies show that you are as smart and as financially sound as the five people with whom you spend the most time.
Our “I HATE Budgeting (But I Like Having Money)” support group met to discuss the topic of the Inner Fool. Here are some insights:
- The Inner Fool often enjoys splurging & living in the moment, like the story of the grasshopper and the ant.
…And then the Inner Guru (Ant) is left to find ways to pay for the splurges.
- The Inner Fool believes “I’ll get the money to pay for this.”
…And the Inner Guru has to figure out what to do when the money isn’t there.
- The Inner Fool spends to please another person.
…And the Inner Guru eventually realizes that it’s not necessary to over spend in a truly loving, respectful relationship and perhaps Mom was right that buying rental property with a boyfriend wasn’t such a good idea. Oh, right, that’s just me.
- The Inner Fool is naturally hopeful and optimistic, believes in the Law of Attraction and other forms of magical thinking.
But the Inner Guru becomes afraid with all of this silliness and makes the Inner Fool feel stupid and childish. Somehow having a scarcity (versus abundance) mindset can give the illusion that it’s more practical and in control.
- The Inner Fool looks to credit cards with low introductory rates as relief and a reason to buy more (the Inner Fool may also feel inadequate and may be driven to accumulate/acquire to fill the void).
But the Inner Guru uses strategy with credit cards to accumulate points,
miles and cash; using time and money wisely, and disciplining him/herself
with healthy habits blah blah blah…
You see, it’s hard to make up your mind when you’re constantly receiving conflicting information in your own head, let alone from outside sources!
What financial role modeling did you receive? What type of thinking do you most lean on: the Inner Fool or the Inner Guru? Are you one of the few who can listen to both?
Here’s the thing: You must Love and Forgive your Inner Fool and give it a voice in your financial affairs, just don’t give it a voice in the practical ones. Your Inner Fool can help keep you hopeful and trying; very necessary positive energies when running the financial marathon that is life. This positive energy will also help you become more empathetic towards others and seek help for yourself.
One of the most loving suggestions of the day was this: Use April Fool’s Day to be truly foolish, like a day pass for frivolity. Just set a budget…and use cash. 🙂