We always keep lamenting that this would be a better world if everyone take charge of their money or wealth building.

Turns out that we  could be very wrong.

Lately, I been reflecting on this point, and this article written by Morgan Housel resonate with what I am thinking.

It is articles like this that make me think that Morgan Housel and Jason Zweig of the WSJ are the best personal finance columnist around.

[Motley Fool | Why you’re so bad with your money]

Lauren Willis at Loyola Law School has shown that financial literacy programs can actually be harmful to people’s financial wellbeing. High school students who took part in a financial literacy course went on have more problems with their finances than students who skipped the course.

Low-income consumers who took a class on money management "were less likely to plan and set future financial goals ...