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Financial knowledge is truly important. The first step is to understand the real difference between an asset, a liability, and an expense. An asset is something that puts money in your pocket again and again, like if you own a rental property and you’re making aprofit from it.
The home that you live in is not an asset. It takes money from you and it doesn’t give you anything back. Unless you sell it and buy a smaller one. But you would have to calculate all the money which you spent on it, which are called expenses.
If you are really interested, go to smashwords.com and check out this book: It’s Your Turn to Be Rich. If you are not willing to spend money on it, you can always read the first 35% pages for free.
There are many cases where financial education is more important than the education you get out of college. That’s why Bill Gates dropped out of college.
People who are financially literate know how to turn a simple idea into a multi million-dollar opportunity. They don’t depend on a college degree to make money.
You’re on the right path, friend. My best advice to you is to always keep on searching for information about finance.