I'm 25, and I treat financial planning like it's the Olympics and I'm Michael Phelps (without the substances).
I apply financial planning just like meal planning/time management/to-do lists. (Engineer by trade-I like lists.)
I was trying to explain to a group of similarly-aged people how to set up a stock account for the long haul (be Secure, not Sexy). My peers looked at me as if I had 5 heads and was speaking Elvish. I think it may have been because I wasn't relating to them well enough. (I'm getting an MBA in Finance and Investment Management so I may have used unfamiliar terms or gone into too much detail, but I thought everyone took their finances seriously...)
So my query is this: What do people find the most difficult about planning-financial planning in general? Is it the discipline required? The lack of knowledgable material that's easy to understand? What makes it difficult? I showed a few people my budgeting notebook and it really helped one of them but the others are still struggling and it's something I want to help with.
I want to be able to help my friends out with budgeting and stock ideas (index funds and the like), but when I ask them what they're confused about they shrug and say "the whole thing, I'll deal with it when I'm older".
Any help would be great-I'm paying money to learn things and I want to spread what I'm learning to people who could use the knowledge, but I'm not sure what "piece" I'm missing.
Thank you!
Submitted April 22, 2017 at 10:49PM by Curious-andCuriouser http://ift.tt/2p4yMdG
