You're listening to LifeKit from NPR.
Hey, it's Marielle.
Okay, some confessions.
I didn't know how to light a match without burning my fingers until a few years ago.
Also, I've never seen the Godfather.
I still don't know how to pronounce the word feral.
Is it feral or feral?
And until recently, despite being a financial journalist for many years,
I didn't know or had never thought about some of the tips in this episode.
Like this tip about looking at the fees in your investments from financial educator Amanda Holden.
If you're giving up 1% per year in a management fee,
you're not giving up one piece of a 100-piece pie, you're giving up one piece of a six-piece pie.
Hands off my pie.
By the way, she's saying, yeah, the management fee is 1%, but that fee eats into your profits.
If you're earning 6% returns a year, you really don't want to lose 1% of those returns or that pie.
We'll go into much more detail on this later,
but my point is most of us are doing our best, but we have gaps in our knowledge.
We don't know everything.
We're busy and nobody taught us the intricacies of things like debt and investing and the tax code.
So on this episode of Life Kit, money tips, nobody taught you.