What is Financial Education?

[Mika]

Financial Education is not studying in college and university and acquiring a degree, getting a job, working hard and saving money, and investing in stocks, mutual funds, and ETFs. Financial education is understanding what money is and how money works. Financial education is two things, debt, and taxes.

Kids are still taught to go to school, get a job work hard, save money and get out of debt. However, saving money will never make you rich, it will never make you debt free. That’s because governments can print any amount of money. In fact, it prints more money when there is inflation, making money lose value.

Why do you have to save money and work for money when the government can print any amount of money faster than you can actually work for it? Even when you make a lot of money, the government will take away a substantial amount in the name of taxes.

 

[Shaf]

Financial education is something that is really lacking nowadays especially amongst the youth. When this comes together with lack of financial discipline, we now have a group of people who contribute to poor financial decisions everywhere.

It is also something that you can only gain through experience and not formal education. I started learning about this in my 20's but I wished I had known it earlier. This is the means through which one cam create wealth and live a comfortable and even luxurious lifestyle.

Parents can teach their children early in life the value of money and how they cam be financially independent early. It can also help in reducing some of the burden on the parents, especially college tuition. They can learn to work for money, how to work smarter and make money work for them, investment strategies to build wealth and much more. This will create a generation who make smarter money decisions.

 

[King bell]

Financial education is the process of acquiring the knowledge and skills necessary to make informed and effective decisions with respect to personal financial management.
 There is a wide range of topics that fall under the umbrella of financial education, including but not limited to: budgeting, saving, investing, credit and debt management, and retirement planning.
While financial education can be beneficial for people of all ages and walks of life, it is especially important for young adults who are just beginning to establish their own financial lives. Without a solid foundation of financial knowledge and skills, it can be all too easy to make poor choices that can have longlasting negative consequences. There are many different ways to learn about personal finance, including through books, magazines, online resources, and courses offered by financial institutions or educational organizations. No matter what method you choose, the key is to make sure that you are getting accurate and up-to-date information from reliable sources. When it comes to financial education, there is no one-size- fits all solution. What works for one person might not be the best approach for another. The important thing is to find a learning style that works for you and to commit to acquiring the knowledge and skills you need to make sound financial decisions