Why wasn’t I taught how to manage my money?

September21

I was taught how to add numbers. I was taught what reacts with what to get what. I was taught why things fall to ground when I throw them. I was taught that Romeo loved Juliet. I was taught how planes fly. I was taught all that BS, so I can get a degree and earn money. I was never taught how to manage it.

I like money. The flow of money amazes me. Hence, I am always eager to learn anything that can make/save me money. In the process, I learned about key banking and financial norms. A bit about portfolio management. Basics on how money should be invested. I still feel I know nothing.

Getting your money to work for you is a art. Ensuring your money is protected against inflation and doesn’t lose its buying power is common sense. I see people stacking money in their bank accounts at feeble interest rate and then complaining everything is got expensive.

The thing is, everything is going to get more and more expensive with time. Inflation is going to eat your money up. Your money needs to be managed well to beat inflation at the least. Where to invest is upto you. It could be fixed deposits, stock market or real estate. It depends on your income profile and risk apetite.

What am I going to do to educate myself? I am going to ensure I read books related to money often. Currently, I am reading ‘The Intelligent Investor By Graham Bell’. Its sorta dry but informative. I have promised my self I am going to read a chapter a night from tonight onwards.

Lets hope it works out. It takes knowledge to make it happen.

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