Quote:
Originally Posted by Sliver
Born on third base. Think they hit a triple. We all think like that to a certain degree. (I'm not singling out Zarley with that BTW, but Tacopuck's comment that if he had been brought up in a single-parent family he'd basically be in the same advantageous situation he is now comes across as naive).
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I'll admit that I've been lucky - I've never received monetary help from my parents since I moved out, but they did instill prudent financial skills from an early age. I'm fortunate that one of my uncles encouraged me to mess around on the stock markets in my teens and that's what really cemented my interest in investing. The majority of people do not learn these lessons until much later in life, if at all.
Most people do not understand the time value of money, let alone how to utilize debt properly (as evidenced by some of the comments in this thread). This is why we should be focusing on teaching personal finance at an early age.