Lack of a strong financial education may prove to be one of the largest individual and nationwide setbacks. The first step is admitting you have a problem.
As I pass the middle of my post graduate studies money has become an extremely important issue in my life. Though I am not making any money as of now, I will soon join the ranks of other young professionals, if only for the summer before I return to school. One reason that money is in the forefront of young professionals is because any money we receive will be new. This is new money. This is unbridled money. This money is RAW.
With my undergraduate degree in some form of literature and writing, I have begun to look for ways that will supplement my future income. My graduate degree program is in a high earning field, but I am looking for ways to sustain myself now and to help supplement my income in the future. The goal is to make raw money. Then to grow raw money. Then to save raw money. Future goals include marriage, kids, property, stocks, retirement funds, and plans for early retirement.
The transformation of young money, this raw money, into some sustainable form will be a large task, especially with little to no financial background. Little financial education from home and no finacial education from school. The only advice I have gotten: "You will always be in debt, there is nothing you can do about it." I will not believe that. I will learn to reign in this raw money and produce.
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