This is almost never talked about, but it is of key importance for the quality of life of the average person. Knowing more about how money works allows you to make better decisions day to day and allows you to live a better life.
There are many financial instruments in the world. Stocks, bonds, loans, and insurance are a few types of financial instruments you can use to achieve your goals. If you know about only one of those, you will be pretty hampered. It’s best to know a good bit about every type. Knowing how to shift money around between one kind of loan and another is a particularly useful skill.
Basically, the thing you want to do is make sure what money you do have is working for your benefit. The more you know about money, the more you are able to ensure it’s doing that. People who don’t invest their time into educating themselves about money miss opportunities every day that could be making their life better.