Recently, Kyith Ng from Investment Moats wrote about his thoughts on an interesting article by Morgan Housel, the author of the book “Psychology of Money” (Maybe I could do another post on this long article). It talks about how your family background and past experiences with money can have a significant influence on your financial behaviours and decision-making in the future. All these unique individual experiences could shape your habits, attitudes and beliefs towards money which could affect your future financial well-being (positively or negatively). If you could gain a better understanding on these influences, it might help you make more informed financial decisions and take gradual steps towards improving your own financial literacy. I grew up in a lower middle-income family where some relatives constantly compare their kids on who is doing better in terms of school or career, where they stay and what they drive etc. Guess you know...