Comments on: Why 20-Somethings Hate Personal Finance http://studenomics.com/personal-finance/why-people-hate-learning-about-personal-finance/ Fri, 10 Feb 2012 19:14:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: MD http://studenomics.com/personal-finance/why-people-hate-learning-about-personal-finance/#comment-64813 MD Sun, 20 Mar 2011 18:49:10 +0000 http://studenomics.com/?p=3248#comment-64813 Wait a minute-- are you telling me I can't be a power lifter in the Olympics? Lol. You're thoughts are right though. We may never become "rich" but being able to pay bills on time and to save up for cool things is just as good. Wait a minute– are you telling me I can’t be a power lifter in the Olympics? Lol. You’re thoughts are right though. We may never become “rich” but being able to pay bills on time and to save up for cool things is just as good.

]]> By: Jamie J http://studenomics.com/personal-finance/why-people-hate-learning-about-personal-finance/#comment-64810 Jamie J Sun, 20 Mar 2011 18:38:36 +0000 http://studenomics.com/?p=3248#comment-64810 I think a lot of people our age think personal finance is an "all or nothing" endeavor. We read that we need a 401k, six types of savings accounts, IRAs, Roth IRAs, blah, blah, blah..... and just figure its too complicated to try and figure out. Like you said, I think shame and feelings of stupidity fuel this mentality. We as an age group need to remember that, just like we work out even though we'll never be Olympians, small good choices still make a difference. I think a lot of people our age think personal finance is an “all or nothing” endeavor. We read that we need a 401k, six types of savings accounts, IRAs, Roth IRAs, blah, blah, blah….. and just figure its too complicated to try and figure out.

Like you said, I think shame and feelings of stupidity fuel this mentality. We as an age group need to remember that, just like we work out even though we’ll never be Olympians, small good choices still make a difference.

]]> By: MD http://studenomics.com/personal-finance/why-people-hate-learning-about-personal-finance/#comment-21812 MD Mon, 01 Feb 2010 14:20:46 +0000 http://studenomics.com/?p=3248#comment-21812 Thanks for stopping by and for the kind words Adam! This week I will be touching upon earning more money in detail. I have a case study planned for Wednesday on a friend that started a tutoring side gig without spending a penny on promotions. Also, for what it's worth- I'm based in Canada. I can relate to you. Being a non-U.S citizen makes some of the financial information out there simply irrelevant or not applicable. Thanks for stopping by and for the kind words Adam!

This week I will be touching upon earning more money in detail. I have a case study planned for Wednesday on a friend that started a tutoring side gig without spending a penny on promotions.

Also, for what it’s worth- I’m based in Canada. I can relate to you. Being a non-U.S citizen makes some of the financial information out there simply irrelevant or not applicable.

]]> By: Adam http://studenomics.com/personal-finance/why-people-hate-learning-about-personal-finance/#comment-21726 Adam Sun, 31 Jan 2010 21:46:07 +0000 http://studenomics.com/?p=3248#comment-21726 The idea of the power of compounding is what did it for me, so I tell my peers about that. That said, more people our age are going to be more interested in earning more money than saving (as Ramit@iwtytbr shouts about all too well!). From my perspective most personal finance stuff out there is very America-centric, giving me the impression that US culture is more focused on material goods and striving to be the best/live the American dream etc. Also the investing culture in American society seems huge compared with the UK. I love reading the American stuff but I know for a fact that my peers (early 20 something UK kids) think I'm weird! My solution is to set up a blog to make it more relevant as I can't for the life of me find a place on the internet that explains investing to my age group in a way that I think is acceptable and relevant. Keep up the great work on the site btw: I was reading about this stuff in college but you have created something special here. The idea of the power of compounding is what did it for me, so I tell my peers about that. That said, more people our age are going to be more interested in earning more money than saving (as Ramit@iwtytbr shouts about all too well!).

From my perspective most personal finance stuff out there is very America-centric, giving me the impression that US culture is more focused on material goods and striving to be the best/live the American dream etc. Also the investing culture in American society seems huge compared with the UK.

I love reading the American stuff but I know for a fact that my peers (early 20 something UK kids) think I’m weird! My solution is to set up a blog to make it more relevant as I can’t for the life of me find a place on the internet that explains investing to my age group in a way that I think is acceptable and relevant.

Keep up the great work on the site btw: I was reading about this stuff in college but you have created something special here.

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