“What’s the one thing you wish you had learned about money growing up?”
Farnoosh Torabi used to pose that question to every guest on her So Money podcast.
Sifting through the responses from 81 episodes, I found a few common themes:
- Compound interest. “I wish I had learned about compound interest! Ah! If I had known what that was, I know I wouldn’t have spent all my money on glazed donuts and Mountain Dew.” ~Steve Stewart
- Investing early. “I wish my dad had said to the 22-year old me, ‘Look, just put 150 bucks a month away and forget about it.’ Even if I had just done that, now that I’m 43, it would have been a pretty colossal sum of cash. But, I didn’t know that enough.” ~Michael O’Neal
- Abundance mindset. “I wish I had known growing up that I’ll always be able to make money, and this is true of everyone. There was so much fear around money that was unnecessary.” ~Dave Asprey
What do you wish you had learned about money growing up?
Me? I wished I had learned about diversification earlier.
Your kids? What will they say someday?
It’s up to you. Maybe they’ll respond like Rebecca Jarvis: “I can’t answer that. I’m sincere in this, because I think my mom did a really good job.”
Wouldn’t that be so money?
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