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Things I wish I knew about money

Photo; Courtesy

A couple of weeks ago, I had the opportunity to give a talk about managing money to a group of mainly young adults, some of whom are extremely well salaried. As I answered their different questions, I realized once again how poorly our education system trains us to manage this critical resource and I reflected on some of the things I wish I knew about money when I graduated from college.

Critical lesson numero uno: it’s not how much you earn that counts but how much you save. The work of a job is not to make you wealthy. It only provides the raw material for growing and multiplying wealth. It is what you do with the salary you earn from your job that determines if you will grow wealthy or remain poor.

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