Becoming finance savvy means being ware of boundaries - and knowing what your attitude is toward risk. Most finance experts agree that what determines this attitude is not how much money you have but where you are in life, and how much money someone has - be it millions or even billions - ill-informed speculation cold see them losing everything. The rich usually stay rich by knowing exactly how much they can afford to lose and when to stop speculating.
The key is to acknowledge the risk inherent in speculation and spread it over different markets. If you have a mortgage , you basically already invest in property If you have other money you want to invest, then it's sensible to pursue speculation in markets such as commodities, tech shares or contemporary art dealing. This way, you'll have other investment to fall back on if one of the markets break down.
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