So I barely learned about financial literacy until my early 20s when I started working as a nurse for a wealthy caucasian family. The daughter pulled me to the side and said ," you're young are you investing in your future? Life insurance policies, 401k, ira , stocks etc. You should ve contributing x amount to this so by the time you're this age you have x amount of money." I had no idea wtf she was talking about then she educated me and from there I did my research and opened an ira then dumped 48k in my early 20s.
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Not being racist but white people I have a question lol. How do you guys know so much about financial literacy at such a young age?
Personally I was bored so read all my parent's financial matters so knew more about it all than they did and often times still do because I'm a numbers guy
I start off realizing how broke my parents were so set about making my own money when opportunity knocked because my grandfather and a couple of uncle's started up in the scrap metal business and I became part of the crew selling them my scrap for a few quid until it ended for various reasons (I still kept at it) During this point my uncle's were talking about 'real metal' this being the gold jewellery they both owned (gifts from their friend, the lotto lout) and it got me thinking so I eventually built up enough to start dealing in silver and then onto gold and saw the potential. From there I landed into coins and bullion sites and investment stuff just popped up from that point onwards... I hit middle age at 14 and could talk all matters beyond my scope then came my year in the restaurant and my college experiences wherein I saw wads of £50's, expensive watches and cars and carve my own stake out by mentioning thing I'd read that wee, ended up making people good money with my tidbits (I also drank with them and got to sample the best things life could offer) From that point I've just kept climbing and grabbing opportunities as they occured
I don't know a ton of the specifics about IRAs, stocks, bonds, and investments. My parents however convinced me to watch Dave Ramsey's Financial Peace University. I got about halfway through the third disc and just thought "okay... where is the difficulty and why? Why are so many people so many thousands of dollars in out of control debt?" And I was in dreadful financial shape at that point myself (about nine years ago).
It took a while, but I started building a cash emergency fund. I should learn more about the the stuff though. I had a good contribution rate to my 401K going, but that was at my old job and I just started a new one.
I’m not white obviously but I learned about financial literacy in the 2nd grade (age 8) I went to a private school and we each had our own little check book, account, and we would have to keep records of our spending how much money we put in it or took out. Now I’m majoring in finance.
I ain't white either 🤣. You ain't gotta be white to comment. What! In 2nd grade. I'm glad u commented because we were just talking about this on Facebook how we wished financial literacy was more prevalent in our community and how it should be a mandatory requirement. Private schools you'll learn it but gurl these public schools got us taking calculus. For what? 🤣 ... did you still want to do nursing? Finance is a dope field so many nurses are dibbling and dabbling in it now. There is so much to gain from it
I’m doing finance as my major and pre med as minor but my goal is to work in the medical field. I remember when I did go to public school we had “personal financial literacy” we learned nothing about finances… I think it should definitely be mandatory especially for high schoolers.
i don't think i did. When i started making money it was on the high side so i have a manager who handles all that, and my parents do also (we all work in show business). but nowhere did i learn it in school or anything
A lot of that comes from family members. Also (and I really do think this is a cultural thing), white people have tendency of thinking to ask those sorts of questions in the first place. I don't know a ton of POC who would generally think to even ask about the difference between different kinds of retirement accounts and it's not like those POC aren't smart people; they're every bit as intelligent as whites, the thought to ask that question just doesn't really seem to pop into their minds as often.
We dont, everything i know is trial and error. If your lucky enough to be born in family that is doing well financially then yeah family will transfer knowledge to next gen for most part. But most of regular folls dont know shit. I was living in country side, rednecks dont know a thing about finances. So its not a race thing. Rather info that lives in specific places.
My parents taught me about money from a very early age, starting with getting an allowance for doing chores, then saving at a bank, then more complex financial things. By the time I was a teenager, I was helping budget the family finances, which included saving for my parents' retirement. I thank my parents and other family relatives for educating me.
My father had been investing in stocks for year. When I was in high school I picked a couple of stocks and researched them and he invested my money for me. I picked a couple more when I had saved some more money. I had always been a tightwad and worked my whole life and always saved at least part of my paycheck.
I was homeschooled and my mom got me started on financial literacy at a young age, and I read some books about it too. Because you're not going to learn much about it at the failing public school system, I realize that private schools sometimes isn't cheap but homeschool is pretty affordable.
My dad's white and my mom's Asian, and as the stereotypes say my mom is very frugal with money. Between the two of them I was taught about budgeting and saving up and stuff like that.
I will admit very true. Where I lived consisted of primarily whites and Asians and so were my friends. Their moms Asian were very good with thrift shopping. Taught me how to save. Their husband's white talked a lot about investing my I was school age so I didn't pay it much mind then until my 20s
Yeah, it's been a huge help as an adult. I handle the money and budgeting, while my husband is the investment guy. I do try, but I'm afraid I will never reach the boss-level thrift skills that my mom has 😂
Lol no you reported my comments nice try i mever report on GaG but sense your reporting i WON thank you. Cause you caan clearly see my post got removed. Have a nice day knowing i WON. :)
🤣 hey its not my fault I grew up in a neighborhood with primarily wealthy Caucasians and some Asians chinese/korean/Filipino (7 on my block) rest were white. y'all just insecure
Lol i been on this site since 2015, i don't need to make any other accounts but if you wanna beleive everyone else who disagrees with you is me, good luck :)
Lol good luck living in paranoia thinking every account is me. Thats sad have a nice one anything more you have to say about me shows i scarred you with facts :)
Writing me 4 different times you must love my attention, how sad. I don't want you. Rejected you'll get over it you can continue to spam but I will just laugh at anymore attempts at attention. And your plan to report me was so funny cause you got frozen and not me hahaha! Good luck!
Home > Education & Career > Polls > Not being racist but white people I have a question lol. How do you guys know so much about financial literacy at such a young age?
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