money health weekly


Is Your Ladder Leaning on the Right Wall?

climbing the wrong ladder
❝If the ladder is not leaning against the right wall, every step we take just gets us to the wrong place faster.❞ -Steven Covey

Do well in high school. Go to college after high school. Get a high-paying job. Get married. Start a family. Work hard to support your family and save for retirement. Retire early. Spend your retirement with your grandkids.

This traditional life path was not available to me. I could have done well in high school, but I was distracted by making money and staying out all night. I eventually went to college, but I didn't go after high school and spend my two years in technical college first. I was 25 years old when I graduated from college. My peers had already been climbing the ladder of success with careers and families by the time I was out of college.

I finally made it; I was going to graduate college. I spent my time asking professors what the next step was. What kind of job do I get with a degree in economics? My friends with accounting degrees became accountants. My friends with English degrees became writers. Where's my next step? I'm now able to climb the ladder; I'm excited.

The problem is nobody is telling me where the next rung is. Not being told where to go gave me feelings of fear, frustration, and anger. The question, "What do you want to do?" is something I have never had to think about before. I was looking for that traditional ladder leaning up against a traditional wall - the American Dream, but my professors nudged me to figure out where I actually wanted to go. I had no idea.

Climbing the ladder you think you're supposed to be climbing to get to a place you think you're supposed to go is reactive living. You live your life according to what others have told you to do, and you react to whatever life throws at you. Living proactively takes some hard work up front, but it's worth it.

Where do you want to climb?


What does it mean to "climb the ladder?" It's simple; climbing the ladder simply means moving ahead with your life. That said, climbing a ladder that's leaning against the wrong wall means that you are moving ahead in your life, but in a way that's not getting you to where you want to go.

Thus, you are climbing the wrong if you are using your money in a way that doesn't align with your unique personal values. That could mean you are swayed by your neighbors, influenced by social media, feel envious of your friends, or otherwise distracted from what's actually important to you.

spending on things that aren't important

The opposite of what I've called "wrong wall" spending is "right wall" spending. This means that you know where you want to climb, you've set your ladder against the appropriate wall, and you're taking steps in the right direction.

In money terms, that means that every dollar you spend is on something that is important to you. Every transaction supports your needs and values.

spending money aligned with your values

It's at this point that I have to acknowledge that it is very difficult to align 100% of your money with your values. You may have friends or family members that value things that are different from what you value, and it's not worth your time or money to debate them. But even if it's not probable to get 100% of the way there, your focus can be on getting most of the way there. Remember, don't let the quest for a perfect plan get in the way of a great plan.

spending on things that you care about


As you read this, you might be thinking that it sounds awfully simple - maybe too simple. You'd be right. Many very productive systems are quite simple. For example, if you want to quit smoking the logical advice is to simply not smoke anymore; simple! However, as you've probably surmised, simple things are not always easy to do.

I want to make the case that just because it's not easy doesn't mean it's not worth it. Some of your greatest accomplishments were difficult. It's worth it to put in the time.

difficult things give you more benefit


Now you know that simple things aren't always easy, and things that aren't easy can be rewarding, but you might be asking what makes it so difficult to align your use of money with what's important to you.