It will be argued that being good with money is not necessarily a matter of knowledge or expertise. It is all in one’s attitude. And attitude is the most difficult attribute to instil, no matter how bright a person is.
There is a typical financial education involving investments, personal finances or business strategies, which can all be referred to as again a numbers game – equations that require quantitative precision. But in real life, spreadsheets are hardly used to make profitable choices. This is done over the dining table or in a boardroom where there is a cocktail of personality, perspectives, self-centeredness, perception, advertising and strange motivations.
Awards winning author Morgan Housel in his book The Psychology of Money provides 19 short stories about the silly things people live by when it comes to money or what people should never be given money for the book’s useful ways to approach one of the most essential issues in life.