BNPL
Payday loans
Student loans
Credit card fees and interest
Negative equity car loans
etc. etc. etc.
I mean, seriously…Are people not teaching their kids how money and credit work? Even something as common as compound interest?
You have probably heard this already…
“Those who don’t understand compound interest, pay it…The people who DO understand compound interest GET it.”
My parents utterly failed at this, so I made every mistake. Thankfully I fixed it over 10 years…
EWA
BNPL
Payday loans
Student loans
Credit card fees and interest
Negative equity car loans
etc. etc. etc.
I mean, seriously…Are people not teaching their kids how money and credit work? Even something as common as compound interest?
You have probably heard this already…
“Those who don’t understand compound interest, pay it…The people who DO understand compound interest GET it.”
My parents utterly failed at this, so I made every mistake. Thankfully I fixed it over 10 years…
Do you fall for these traps?