Quote from: fruktik on Today at 04:31:57 AM

Quote from: bhadz on April 21, 2025, 02:04:45 PM

That is why, it is also a privilege when kids have guardians that are being taught on how to be financially well and be good at managing their finances. And those people that have grown without such but still managed to be good with their finances, you're all legends and you've come a long way for sure and learned a lot of it from your experienes. Also, the kind of old life that you've got is one big factor as to why you have been self taught on how to be financially educated. Because going back to the former life without good finances is what we are trying to avoid.

Indeed, there was no one to teach me even the slightest bit of financial literacy. I came to this conclusion myself. How did it happen? It's all very simple. I was tired of living in poverty and misery. I started looking at people who had amassed large capital. As a result, I came to the conclusion that money should not only be saved, but also invested in order to make a profit. This is the only option that works for me. Of course, I can start my own business, but I don't want that. I need mobility, which allows free movement and is not tied to a specific place.

Parents in the past did not know much about investment, so they preferred to save their money even though it would be eroded by inflation which would lose its value over time. The only option I often hear is gold and that is only done by a small number of people.

Now investment should be something that is no longer foreign to parents, so they can learn it and teach it to their children. Moreover, in this era, it is not difficult to find information amidst massive digital developments.