Spread The Word

Last week marked a very important day. On September the 10th, it was World Suicide Prevention Day. Here are some Global statistics:

  • Every 40 seconds someone takes their life, that’s around 800,00 people per year
  • Every year, suicide is among the top 20 leading causes of death globally for people of all ages
  • For each suicide approximately 135 people suffer intense grief or are otherwise affected. Which is approximately 108 million people annually being profoundly impacted by suicidal behaviours
  • Suicide is the leading cause of death for people ages 15 to 29 and for every suicide that results in death, there are as many as 25 attempted suicides.

That is every 40 seconds a preventable death occurs. Every life lost represents someone’s partner, child, parent, friend or colleague.

Due to worrying about money, I would say I have had mild mental health issues. Some anxiety and stress. Fortunately, I would say I am fairly stable, but I am aware of how important mental health is and how some of us are seriously affected by it.

Spreading the word is all about raising financial awareness. It is why I write my Blog ‘DUFF MONEY’ every week.

As I have demonstrated with mistake after mistake, I am no expert on finances and am in no way handing out professional advice. I am definitely not an expert on mental health I am just aware that we can all help each other.

Since immersing myself in finance and personal development, I have noticed more and more how little the people around me are looking at their personal finance and their financial futures.

It took me 35 long years to get to a point where I could learn from my mistakes. I couldn’t stand my own negativity any longer and this pushed me towards self-development.

Instead of thinking bigger picture or long-term, I was always short-sighted. I was always looking for a quick way to make money, but this isn’t realistic at all.

Well it didn’t work for me anyway as I tried many times to make quick money from single shares, premium bonds, e-commerce, football bets and many more that I have mentioned previously.

This type of short-sighted approach is likely to get many people that we know into debt. You might be one of those people who spend more than they earn and end up in consumer debt with a high interest credit card.

For me personally I tended to avoid credit cards and used loans for purchases that were outside of my budget. That was the budget I didn’t even have until the last few years.

I am definitely not into anything extravagant, I just tended to spend more than I earned as I didn’t have any form of financial planning.

UK consumer debt is only going to increase according to an article in Moneyweek (April 2020). There will be a big surge in consumer debt as locked-down workers turn to credit cards and overdrafts to tide themselves over.

There have been many stories in the media about the likelihood of a recession when the Government furlough scheme ends.

If we have massive amounts of consumer debt, I can only see pain in one form or another. This is where self-development and financial awareness come in.

With self-development, I honestly think there is a solution to the majority of everyday problem’s we all face. I personally haven’t got all the answers, but I firmly believe they are out there.

Since about April 2019 I have been trying to spread the word. I say trying because my delivery has been very poor. Not only am I a bit of an introvert, I was just learning the basics so didn’t fully understand what I was trying to preach.

I wanted to tell people close to me what I was learning and did tell them, it just came out wrong and not how I had imagined.

It would come out in conversation and I would get some information out but also forget some key points. After a few attempts I decided to hold off on spreading the word until I was a little more polished in my knowledge and delivery.

What I have realised though is how important it is to raise financial awareness. Most people I know have no interest in financial planning.

This isn’t how it should be as we need to look after ourselves now and in the future. By putting some work in and putting a bit of planning in-place, we are helping ourselves, our future selves and most importantly, our family.

Even if I only encourage 1 person and encourage them to invest regularly in an ISA or buy 1 or 2 rentals, then it is enough for me.

If you are already investing for your future and know what you are talking about, why not encourage the people around you?

What if you have read a self-development book or a finance book that made a positive difference to your life. Telling some of your family and friends about this book might get a mixed reaction.

Some of the lads down the pub or girl friends who you drink a few glasses of wine with, might think you are mad and have a good laugh at your expense. What if, on the other hand you change someone’s life?

That book you told them about inspires them to make some big life changes. They manage to get out of debt in 2 years and don’t get anxious anymore.

In 5 years, they have 2 rentals and have started to invest in an ISA for when they finally reach retirement.

With some serious momentum, after 10 years they have 5 rentals and have been investing £500 pcm into their ISA. In my humble opinion, this scenario could literally change someone’s life and make a massively positive difference to their life and the people around them.

To summarise:

  • Fully understand that the industrial age is over, and YOU have to look after YOU
  • Become financially literate
  • Push hard towards FI (Financial Independence)
  • Spread the word – it will improve your financial literacy
  • Spread the word – it will make you feel good
  • Spread the word – it will help you to make a positive difference to the people around you

On the theme of spreading the word, please see below for x2 books I HIGHLY recommend:

  1. Think Like A Monk (Jay Shetty) – if you are struggling with any anxiety or stress or any other negative emotions, this book will give you some words of wisdom from a monk’s perspective.
  2. Live on Less and Invest the Rest (Andrew Craig) – this book is excellent if you are thinking of investing into an ISA or SIPP and need a little guidance.





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