Good Finance is a freelance media blogger and popular blogger from Helsinki, whose # self-talk post has attracted media attention across Finland. Good Finance sees talking about money openly as an issue of equality, and sets an example by talking about her own income and expenditure very directly: For example, Good Finance’s blog contains a detailed breakdown of Good Finance’s monthly budget.
In our interview, Good Finance explains why it’s important to talk about money openly and thinks about why not. In addition, we hear about Good Finance’s relationship with credit and loans.
What made you start the # self talk money post series?
Ranking blogs and money blogs are a genre of their own, but basic lifestyle blogs miss out on money, even though everything else is talked about. I have also been very interested in money, even at phenomenal level, so I thought I’d write more about it.
Why is it important to talk about money?
There are many reasons for this. Above all, I believe the right kind of monetary speech to promote equality in society. Speaking out loud, for example, about income disparities – who has enough money for what, and how much more salary in certain professions – will increase consensus. People realize that there are different realities to doing things: not everyone can afford to travel five times a year and people are in unequal positions.
I myself am also born in -87. Every time we talk about the generation of the recession, we talk about casualties. Our parents are the ones who have filed for bankruptcies, who have had terribly tight money, and whose mortgages have been somewhere in the fifteen percent – and they have been completely broken. Money is either a distressing thing for our generation or something that has not been discussed at all. If money were to be talked about everyday, as if people were talking about eating, then more should be learned. The problem is, if it is not talked about, it will not be a reflection on one’s own economy. Many will probably chuckle in the background that it would be nice to have a clearer glance at financial matters, but you have thought it was too cumbersome or cumbersome. If we talked about money, you would learn it more clearly.
Why don’t people talk about money out loud?
I think there is such a culture, the idea that it is tasteless. People think it would be too popular and too embarrassing to talk about money; it would be either pride or sorrow. I can easily talk about their personal finances asioistani, when I am middle income, that is, I do not think I am a threat to anyone.
For example, once my childhood friend had bought an expensive bag and I asked a lot it cost. The guy rolled his eyes that you couldn’t ask about that. I said “oh how is that?”
Read more: Speaking of monetary matters is a taboo for Finns
What has been the most rewarding experience for you in public speaking about money?
Definitely what people comment on. Posthumously, these aren’t any of the sharpest thoughts in a pencil case, and many know a lot more about money than I do. For example, I thought that physicians always earn a lot more than the other, but through the blog I opened it the starting salary is not just freaked out more than my all. In addition, taxation pretty much offsets those in Finland. Such little misunderstandings have opened up for me.
Terribly rewarding it is, of course, when someone tells you that I have inspired them to save. This means that their lives may have taken a step towards the better, and that their individual future may be more secure or easier when they are passionate about saving.
What has been the most challenging part of having your own money in public?
Money has to be thought about and talked about, but if it goes to thinking about everything through money, then it goes into obedience. I have myself had such phases in life that I’ve been thinking about something worthwhile to do because it costs so much, or worth to accept a particular job, when I don’t get it so a lot of money. If you let money be the number one priority, then it has gone a long way. Money should be talked about, but not too much thought.
What is your relationship with credit and loans?
I’ve seen my immediate vicinity, that the gang live so much credit card. The monthly rhythm goes that when you get paid, you pay a visa bill and then live on that Visa again. I sometimes imagined that this is an adult human life. Since then, I have realized that this does not have to be. The visa is used when there is an acute need.
All the flights I also bought a credit card – for example, at a time when Air Berlin went bankrupt, it is nice that you can get your money back. A credit card is good to exist.
After all, I have a ludicrous loan. My husband and I have three investment homes, so we have a loan closer to half a million euros. I have taken it with passion.
So you have no fear of taking out a loan?
I see that Finland is a country where borrowing is worthwhile. For example, in taxation, the interest rate for investment housing can be conveniently reduced. I see that I will have a loan for the rest of my life. I have noticed that I am the best so as to meet the wells, that I am better than to repay the loan to invest the money in equities. I get more satisfaction from getting a loan than from getting a share up.
My financial behavior is good to know!
Yeah, that’s kind of a psychological thing. Sure, it can be a bit of idiocy. I know that interest rates could rise and that it must be prepared in different ways, but still I have noticed that this is for me an easier way to handlata economic affairs.
Would you see yourself taking out a consumer loan instead of a mortgage?
If any need came. We don’t have a car right now, but if the need arises, I would. You never know. I think it is important that you live well, so if there is a clear need, I would take out a loan.