This hit hard. I grew up poor, and even as my family clawed their way to middle class, there was so much financial literacy missing from our story. My mother, who put herself through college as an adult and became a teacher, does not have a savings account. I, despite going to one of the best colleges in the country, was drowning in credit card and student loan debt for most of my 20s. I didn’t know how to contribute to my retirement account until several years after working for my current company. This was mostly because I didn’t know where to start and was too embarrassed to ask.
I made it a goal to become debt free and financially secure, and have made huge strides over the past few years. I’m still nowhere near where I “should” be, but I’m learning. I think the most important thing you can do is be really honest with yourself about where you are, what your goals are, and what you need to do to get there. And then read everything you can get your hands on and ask questions of anyone with even an ounce more information and knowledge than you yourself possess.
The more you know, the less likely you are to fall into the cycle of poverty it’s far too easy to get lost in.
Great article. Good luck to you!