Reply to If you grew up poor, what are some financial things you wished you had learned earlier?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What to do with savings besides putting them in a CD.  I also wish I'd learned about risk tolerance, and different approaches to that.  I did know to save enough for retirement get my employer match, and then to max retirement savings after that, but other savings sat in my bank account and later a CD for years because 1) I didn't now there were other options, and 2) even when I learned about other options I was so afraid that I'd loose everything even in index funds.  Enough catastrophic life circumstances will teach fear like that.  [/quote]

This is literally me right now. What do I do with the money if I move it from savings?[/quote]

Exactly. Me too! Me and a lot of first generation kids from foreign parents didn't learn Squat about investing or saving or budgets. Our parents who barely spoke English didn't know about it too. This post should be titled..

If you grew up poor OR a kid of an immigrant [/quote]

Kid of an immigrant here.  My parents used to have the radio on all the time, and on the weekends there was a financial guy on named Bob Brinker.   I honestly learned a lot about investing from hearing his show in the background.   Media is so personalized these days, and shows like his are gone. Kids don’t really have an opportunity to hear that sort of thing on the radio or read a newspaper.   The incidental learning that used to happen isn’t common anymore.  [/quote]

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