Financial Literacy

How did you learn about money? I was talking to a friend about how credit cards work and it was really interesting to hear about what she knew versus what I did and how we each learned. 

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    Cici
    7. I just taught myself by reading but i heard these days high schools have finance literacy subject. It should've been implemented way before
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    Tammy Leung
    it is great to learn from friends and exchange experiences 
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      Cici
      86. That could be a good way
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    Elaine Prima Hub
    (M19C11) In my case, a lot of trial and error, but mainly through necessity. I got involved with investments and whatnot, so I became quite financially literate. It does not mean I practice what I learned. ha ha.
     
    How did you learn, and what were the differences you learned?
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      Cici
      87. Weren't you scared of losses? Did you teach yourself as you go along 
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      Elaine Prima Hub
      You mean, when I was investing? I wouldn't call it scared but more like anxious. It's anticipation and excitement, not fear.
       Based on your reply, I assume that you have not invested before. Investment is a gamble, but it is a safe gamble if, 1. you know about yourself, and 2. you can make decisions based on information and education. It's not something you learn as you go. It is something you study beforehand and learn to make acceptable mistakes.   Before you invest, I recommend you learn about yourself first. Know how far you are willing to go, draw the line, and discipline yourself to stop where you need to stop. Find a way to minimize the risk and your anxiety. And one day, you will not think about how much you are willing to lose. You will think about how much you can gain.