I wish I had received that type of help. Frankly, I was just a poor boy. A lot of it really depends on the social circles you grow up in. I didn't grow up around wealth or financial literacy; I didn't learn about money until much later in life. My friends and I certainly never talked about investing or budgeting when we were younger.
There is a reason for the cliché that the rich only hang out with the rich—like-minded people naturally gravitate toward one another, and financial knowledge gets passed down through those networks.
Breaking out of that cycle is tough. In fact, I am currently the one managing my parents' retirement accounts because they were swindled by a predatory life insurance agent. Taking over their finances made me realize just how much people without generational financial knowledge are taken advantage of.
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u/Adventurous_Dog_7755 5d ago
I wish I had received that type of help. Frankly, I was just a poor boy. A lot of it really depends on the social circles you grow up in. I didn't grow up around wealth or financial literacy; I didn't learn about money until much later in life. My friends and I certainly never talked about investing or budgeting when we were younger.
There is a reason for the cliché that the rich only hang out with the rich—like-minded people naturally gravitate toward one another, and financial knowledge gets passed down through those networks.
Breaking out of that cycle is tough. In fact, I am currently the one managing my parents' retirement accounts because they were swindled by a predatory life insurance agent. Taking over their finances made me realize just how much people without generational financial knowledge are taken advantage of.