Becoming Financially Literate

Becoming Financially Literate

Financial literacy.

A concept I never learned in nursing school.

A concept everyone should know about.

A reason why so many people have good jobs but are still poor.

Because we USE money, yet don’t know anything ABOUT money.

Instead of controlling it, it controls us.

I spoke in one of my previous blogs about the book Rich Dad Poor Dad by Robert Kiyosaki. It’s more than another “managing money tips” type of book. In fact, this book was the reason why I started my journey to financial literacy. For me, it was an eye-opening book. It helped me realize I had been under the effect of my “Poor Dad” for far too long…

Becoming financially literate is the best thing you can do for yourself in this day and age

My parents always used to tell me: you go to school, you finish your degree (it doesn’t matter if you’re 18,000$ in debt post diploma). You get a nice hospital job, with some “social benefits.” You get married, buy your house and voila. That’s their view of the perfect life in a nutshell.

And I was following this advice up until recently. I’ve learned, through Kiyosaki’s book, that although it may be riskier at first, in the end, it always pays more to work for yourself. To be your own boss. To refuse to stay comfortable in your own little job, because you can always learn more and earn more. You just have to put your mind into it…

See, my parents didn’t know any better. When they arrived, as 1st generation immigrants, to Canada from Haiti, they both started in manufactures. With the serious decline in Western manufacture industry, my dad went into Taxi driving (a promising industry at that time). My mom lost her job about 5 years ago (the manufacture closed). She decided to go with something she’s always been good at: cooking. Right now, she’s working as a cook in one of Quebec’s children hospitals, with a decent salary and good social benefits.

So on one side you have my dad, who tried to go on as self-employed, and on the other side, you’ve got my mom who’s working for the government in a public hospital. No need to say that their views of self-employment is now negative, specially with the Uber crisis happening everywhere. My father’s pension has now been reduced to close to zero. And he just turned 59. It’s a nightmare for all of us.


That’s a concept they had to learn the hard way: risk.

Because when you become self employed, there are certainly more risks attached. But the government is good at giving us that false sense of security. Our pension funds are decreasing atrociously. This pension plan was initially designed for people whose life expectancy was around 65. But now, people live longer, with multiple co-morbidities indeed, but LONGER. So this plan wont hold for long. We have to think about ways to sustain ourselves when the government won’t be there to help us.

And that’s why YOU have to start thinking about ways of making money work for you, and not the opposite. And don’t tell me those OTs are doing the trick. The key is to make money work more for you, so that you work less…

Strange concept isn’t it? Not that strange when you think about it.

Wouldn’t it be nice to be sleeping, while knowing you’re still making money?

To have that business of yours working 24/7 without you needing to be there?

You already have an asset: you’re in the health care field. You’ve got skills. You know what’s working in the system, and what’s definitely not.

What can you do? How can you help? What can you change?

Risks are a part of the world of finances

Financial freedom is not a concept that is prone too often in the nursing field. But I think it’s doable. Let it be by investing in stock market, in the real estate industry, starting your own YouTube channel or your own side job… in 2016 anything is possible! I’ve had so many examples around me…it’s uplifting and empowering to know others have done it. It makes you believe you can do it too. And I know you can do it too.

If you’d like to share your story, please do!

It’s all about empowerment.

RN Didi

2 thoughts on “Becoming Financially Literate

  1. We have so much possibilities as nurses because we touch so many fields but you must have the guts to change and not be afraid to “leave” your comfort zone because of the stability and the security that a gouvernement job gives you.

    1. That’s exactly it!! Sometimes we’re too comfortable where we are, even when we’re in hell lol! But to leave one’s comfort zone is extremely courageous and rewardful. Even if you do get a “bad” experience, you’re still learning and that’s what life should be about. Not settling but always achieving bigger goals! Thanks for you input Loica!

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