Anyone Can Learn to Be “Good With Money”

One of the most important teachings in all of personal finance is that this stuff is not that complicated.
Watch our full conversation from episode #4 available on our website and all podcasting platforms!

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A common thing I hear from people is I’m bad with money. I’m not good at money. And you’re like, well, you can be good at it if you want to, just like any skill in life. I mean. Sure, there’s things like I’ll probably never be good at the violin, um, because I feel like there are some things where you need artistic talent to have, you need to have a good ear.

I do not have a good ear. But for things like personal finance, anyone can learn this stuff. It is not that complicated. And there are some complex areas. But you probably don’t need to go in those areas. You probably don’t need to learn about, you know, puts and calls like you’re good. You don’t need to touch that.

I agree. In fact, I think one of the most important teachings in all of personal finance is that this stuff is not that complicated. And there are all kinds of complicated instruments, but they don’t work particularly well, at least from the consumer’s perspective. They do from the seller’s perspective in many instances.

But this stuff, again, is relatively straightforward. Forward. And that’s a key message people have to get. I’ve often said that if you put together a high school course, you could teach a lot of this in 10 lessons. You don’t need to have years and years and years of financial education to close the financial literacy gap. It’s not that complicated.