How well do you understand money, and where did you learn what you know about money?
I’m wondering if people had a better base of information on money management, if so many people would be having the problems that they are having in our current economic crisis. Looking for the roots of the issue, I’m curious if people learn what they know about money from family, friends, personal experience, and how many people actually took business classes or accounting in school or as a portion of their degree. I’m very curious to see if people have had any formal education on money management of any sort.
To make a long story short, I was 55 years old
when my manager asked me why are you not
enrolled in the 401k plan? I said whats that?
He gave me a booklet about the plan and the
need to save and invest my money for the
retirement years. It was like a light went off in
my head. I began saving and investing as much
as I could. Now in my retirement years, I’m glad
I took his advice because now I am debt free and
enjoying a decent retirement.
To make a long story short, I was 55 years old
when my manager asked me why are you not
enrolled in the 401k plan? I said whats that?
He gave me a booklet about the plan and the
need to save and invest my money for the
retirement years. It was like a light went off in
my head. I began saving and investing as much
as I could. Now in my retirement years, I’m glad
I took his advice because now I am debt free and
enjoying a decent retirement.
References :
Two answers: my first job was at a bank and I saw the results of money mismanagement by many people and the terrible situations they got into just because they refused to learn a few simple rules (or simple math). I spent several years helping people straighten out their finances after they made a huge mess of it. Then I worked at an brokerage firm and learned a lot about investments, etc.
Years later I married a man who was a committed saver and investor. I learned a lot from him and his success.
I took bookkeeping and general accounting classes in high school, but don’t think I learned anything there that applied to my real life situations.
References :