Recently, while preparing my living room chairs for re-upholstering, I turned them over to see what stray items might have fallen inside the frames. From the jingling sounds I heard, I realized that several coins had slipped into the lining of the chairs. As I cut away at the fabric and the money fell out, I counted up J$150 that had previously been lost to me. It wasn’t a fortune, but it was enough to buy lunch the next day.

While I was happy for the unexpected small bounty, I reflected that perhaps for several months or years I had sat on this money, which could have been put to better use. It then occurred to me that there have been times when I had figuratively ‘sat on money’ by neglecting to manage my investments effectively or by procrastinating on money making ventures.

In fact, if we take this analogy even further, many of us never see our financial dreams into reality because we are guilty of ‘sitting on our money.’ What are some of the ways in which we sit on money? Continue reading Are you sitting on your money? →