The Seven Stages of Money Maturity

Kinder, George D.
December 1996
Journal of Financial Planning;Dec1996, Vol. 9 Issue 6, p36
Academic Journal
The article presents a model of maturity that the author developed over his 25 years of working with clients. He calls it the seven stages of money maturity. Those seven stages-- innocence, pain, knowledge, understanding, vigor, vision and aloha-- fit into three phases of life: childhood, adulthood and, finally, maturity. Innocence and pain are first experienced in childhood. In innocence, one is born with no knowledge or understanding of money. In the pain of adolescence one learns the facts of life around money, that he has to work for a living, that there are social differences between them and others due entirely to money. In adulthood one acquire knowledge, understanding and vigor. There is a deep level and a practical level to knowledge. practical knowledge encompasses budgets, investment choices, retirement vehicles and all the professional skills one use as planners. understanding is the place where one genuinely come to terms with the pain of money that he first felt in childhood. Vigor is where one really learn to express himself around money, whether it is by being a savvy consumer, in taking on powerful financial forces or just working harder for what he wants and believe in. Vision and aloha comprise the third phase of one's live, maturity. It is through Vision that a genuinely socially responsible person is born. In vision, there is no obstruction between what one wants to accomplish and what is done. Aloha is something simpler. It is simple human kindness around money. It is the capacity to put another person at ease, regardless of the economic differences between them.


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