It took me so long to become "financially literate". I racked up big credit card bills in my 20's, bought a few cars with unfavorable loans around the same time. There was no education on how interest rates work, apr's are calculated and such. I probably lost 10's of thousands on poor financial decisions that I would have avoided if a class like this was around.
Some things I have learned that have become invaluable:
- Risk/reward with stocks, how bonds work.
- Balancing budgets, monthly, yearly.
- 401k, roth IRAs, saving for retirement.
- Credit debt and how to avoid it.
- Interest rates for housing and how it affects the housing market and purchasing power.
>I would have avoided if a class like this was around.
I doubt the 20yr old me would've listened anyway.
I, too, racked up some CC debt (nothing crazy) in my early 20s. I knew most concepts outlined above but it's really about dealing with temptations when you finally making real money with full-time work.
Some things I have learned that have become invaluable:
- Risk/reward with stocks, how bonds work.
- Balancing budgets, monthly, yearly.
- 401k, roth IRAs, saving for retirement.
- Credit debt and how to avoid it.
- Interest rates for housing and how it affects the housing market and purchasing power.
- The importance of a "rainy day savings fund".