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The Importance of Talking About Money

Mike Cashion, MFF Director of Operations

By: Mike Cashion, MFF Director of Operations


It has been shown time and again that talking about your goals with others will help you meet or exceed them. When you share your experience, knowledge, challenges and success with money, it takes it out of your head and brings it into reality. It makes you think about it. It forces you to explain it. You can see the expression on your friend’s face when you talk about it. It forces you to think about it in a totally different way when it is being openly discussed with another person.


If you start talking about money with someone, they are likely to share their experience, knowledge, struggles, and successes. The people around you will listen, share thoughts, provide feedback and hopefully help you become better with your money (if you surround yourself with good people). We have all learned from financial mistakes. We have all made different financial mistakes. We have all had our own financial successes. The most important thing to know is that your friends and family will support you in navigating the tough waters that are your financial health and wellness. The only way they can understand your situation, offer guidance or feedback, or help you is if you are willing to share what is happening in your financial life.


Goals translate into having something to aim at and work toward. If you don’t set a destination, you will end up somewhere… That somewhere may not necessarily be the nicest place if you roll the dice. If you set a goal to end up somewhere, you may not get there immediately or to the exact destination. That goal will keep you focused and get you closer and closer to that destination. 

Co-pilots are helpful in setting, measuring and keeping you accountable toward your goals. Think of them as your workout and accountability partners for the gym. You can’t skip going to the gym because your friends will be there waiting for you. Do you really want to let them down? Plus, we all need encouragement to stretch ourselves a little…Whether that is to complete another rep, lap in the pool, pick up the pace on that last mile, save $50 a week, be the top performing sales rep at work or buy your first home. Your friends and family are your financial fitness accountability partners – they are there for you. You are there for them.

Talking about money is super important. The act of talking about it is also the act of keeping it top of mind and having a consistent pulse on your financial life.


“If you can’t measure it, you can’t improve it.” – Peter Drucker



At MFF we believe that everyone should have the chance to learn to be financially independent. Our team continues to build out free online programs so that you too can start your journey to financial independence. Get started TODAY with our Standards of Financial Literacy Program! 

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