Consider these things:
A person goes through K-12 and then goes to college or university and majors in history or women's studies or comparative literature or art history or classics. What jobs might such majors lead to after graduation? Do they pay well? How many of each are there?
In addition, while majoring in such subjects, people (and I was one of them!!) generally do not take classes in economics or business ... and thus do not know (macro- or micro- ) how the economy works in the country nor how to make the best decisions about their own finances.
For example, one thing my dad said to me when I was about 35 was to make sure I had at least two, preferably three, sources of income for myself in retirement. What?? Retirement? Who thinks of retirement when he/she is 25 or 35 years old? But my dad was very savvy about finances, so i started asking lots of questions and ended up opening a tax-sheltered annuity [also called a 403(b)], which is similar to a 401(k) for people who work for private businesses.
But during all those years in school, not one word about any of that was even mentioned! Thank heaven for my dad!
What is the meaning of this quote:"The main reason people struggle financially is because they have spent years in school but learn nothing in money. The result is that people learn to work for money but never learn to have money work for them."
I know that this is a very easy question but I am not really good in explaining stuff.. please help me :'(
Thank You!! :D
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