How Being Too Open About Money Can Backfire

When something is considered taboo, it’s hard to learn much about it.

Money is a good example of this, and discussing it more openly is a good thing.

But like most good things, too much of it can backfire.

LearnVest explains how being too candid about money can be problematic.

It’s hard not to notice the trend of financial transparency.

Sites like Glassdoor let you share how much you earn at specific companies.

Personal finance bloggers share their net worth and specific debt goals.

Usually, that kind of transparency is meant to accomplish something useful.

You see how much it’s possible for you to expect to earn.

You’re inspired by someone else’s accomplishments.

Who’s better off?'

“But this line of discourse is not very productive.

Of course, this isn’t to say we should keep money taboo.

But there is a productive middle ground between too much information and censorship.

“Or is your aim to gain useful knowledge and feedback?”

Clearly, if it’s the former, you should zip your lips.

To learn those ground rules, head to the full post.

Is the New Culture of Too Much Money Information Invading Your Life?| LearnVest

Photo byMiran Rijavec.