On one hand, I find the rhetoric in the (originally linked) article annoying and unhelpful.
On the other hand, I wish it wasn’t taboo to talk about money in our society. I wish I could read stories about normal people managing their finances well, from how to save wages from a minimum wage job up to managing a large salary, liquidation event, or trust fund.
I feel like I was wholly unprepared to deal with money effectively and had to learn from my mistakes along the way. I’m horrified when I talk to people with money who don’t know the difference between an appreciating asset and a depreciating one, or have never touched the stock market, or don’t understand risk versus reward and how to manage risk. After my sister bought some stocks on Robinhood, I had to explain how it encourages risky behavior (my euphemism for gambling).
Comparing notes with friends in similar situations was like a breath of fresh air. I hate twiddling with numbers as much as the next person, but you kinda need to understand capital to do well for yourself in the US.
>On the other hand, I wish it wasn’t taboo to talk about money in our society. I wish I could read stories about normal people managing their finances well, from how to save wages from a minimum wage job up to managing a large salary, liquidation event, or trust fund.
r/personalfinance covers what you can do with less money.
Bogleheads or biggerpockets forums for experiences about handling more money.
For even more money, you should network and hang out with rich people and will probably need to get involved in politics at some point.
On the other hand, I wish it wasn’t taboo to talk about money in our society. I wish I could read stories about normal people managing their finances well, from how to save wages from a minimum wage job up to managing a large salary, liquidation event, or trust fund.
I feel like I was wholly unprepared to deal with money effectively and had to learn from my mistakes along the way. I’m horrified when I talk to people with money who don’t know the difference between an appreciating asset and a depreciating one, or have never touched the stock market, or don’t understand risk versus reward and how to manage risk. After my sister bought some stocks on Robinhood, I had to explain how it encourages risky behavior (my euphemism for gambling).
Comparing notes with friends in similar situations was like a breath of fresh air. I hate twiddling with numbers as much as the next person, but you kinda need to understand capital to do well for yourself in the US.