Most people treat investing either as something of a hobby, a retirement pass time or a casino machine. Very few even today take it seriously as a secondary source of income.
I am increasingly convinced that stock market investing should be seen more as a necessary life skill – like driving or swimming or cooking.
Unlike our parents’ generation, we don’t live in a world of job security, pensions and medicare for life. One source of income – salary in most cases – may have sufficed the previous generation but limiting the income source to only one is dangerous for our generation.
So it’s extremely important that every one of us gets financially literate and start investing. It’s never too late for that.
And yes, teach your children how to invest, long before you teach them how to drive a car or boil an egg.
Ashish Deodhar 