{"id":55950,"date":"2021-03-30T12:05:07","date_gmt":"2021-03-30T09:05:07","guid":{"rendered":"https:\/\/www.bondora.com\/blog\/?p=55950"},"modified":"2021-03-30T12:05:07","modified_gmt":"2021-03-30T09:05:07","slug":"8-things-people-dont-tell-you-about-money","status":"publish","type":"post","link":"https:\/\/goandgrow.eu\/en\/blog\/8-things-people-dont-tell-you-about-money\/","title":{"rendered":"8 things people don\u2019t tell you about money"},"content":{"rendered":"\n

Money. We all work for it, save it, and spend it. But do we really understand the ins and outs of how it works? Unfortunately, for most of us, our perception of money is skewed by pop culture and modern media, which rules our money habits and knowledge.<\/p>\n\n\n\n

\"We
We all want it, but money is actually very misunderstood.<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

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Here are 8 things people don\u2019t tell you about money:<\/p>\n\n\n\n

1.    Money is not wealth<\/h2>\n\n\n\n

While the terms money and wealth are often used together, they aren\u2019t the same. Wealth comes in the form of land, natural resources, and the products of human labor. Think about a barren wasteland. If you turn this wasteland into a fruitful garden, you have created wealth where there previously was none. Meanwhile, money is simply the currency used to purchase goods and services. Money is a form of wealth but is not helpful in and of itself.<\/p>\n\n\n\n

2.    Parents give financial education to kids<\/h2>\n\n\n\n
\"It\u2019s
It\u2019s your job to teach your kids about money<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

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There is a concerning lack of financial education around the world. And it\u2019s not just schools that are failing, but parents as well. Most kids receive their financial education from their parents, who themselves weren\u2019t always educated adequately on financial matters. This creates a negative cycle where misinformed parents teach their children, who then also become misinformed.<\/p>\n\n\n\n

This makes it all the more important to seek financial education as an adult. Then you can teach your children how to be financially prudent from a young age. Money is one of the easiest things to teach a child because it is universally understood and is used daily. Even if you don\u2019t have a strong financial background yourself, you can still teach your kids the basics of spending and saving to get them off to a good start.<\/p>\n\n\n\n

3.    Wealth is attainable<\/h2>\n\n\n\n

If you are currently financially insecure or feeling like you have no wealth, don\u2019t worry; wealth is still attainable. But it does require planning. To grow your wealth, you must first create a financial roadmap with tangible goals and questions. These can include:<\/p>\n\n\n\n