September 22, 2023

More reasons to learn about finances

In the last column we listed the first three of my ten reasons to learn about personal finances, and to teach them to your children. There are many other reasons. These ten were just the first ones to come to mind. Here are the last seven.

1. You don’t want the poor management of your finances to prevent you from achieving not only your financial goals, but your career and life goals.

2. It is not about your Academic IQ, it is about your Financial IQ, and the two are not the same. Also it is not about how much money you have in life, it is about how you manage your money, and those two things are not the same either. You need to see the professionals in bankruptcy court (teachers, engineers, nurses, etc.), who have so mismanaged their money, and they had plenty of it.