Financial education and why it should be a priority. - page 10.

0t3p0t

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Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.

What we are taught in school is that "get a degree and find a nice job" and there is no problem with that to be honest. Well, governments has control on education and they'll making it in favor of the country's economic stability so they so they only taught us to work because taxes will apply on it under their control. I am not sure you will get my point but this is what they want us to be.

Hewlet

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Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.

the truth is that our curriculum is missing a whole lot of vital area that is supposed to be included in the curriculum but its not their.

Financial literacy Is a very important subject that should have been a must in our school curriculum because at the end of the day, what runs the world is money and young people need to know how to make money, how to spend it they right way and the proper way to go about making savings and investment.

The reason why most graduate come out of school and become clueless on how to start their financial journey is because they where never thought on how one can navigate around his financial life.

Solosanz

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Quote from: pinggoki on January 14, 2024, 08:33:23 PM

Lol, you're correct.

Most students don't care with financial education until they're work for live, they will realize if money management, tax avoidance, and investment are important.

But I know the reason why financial education not taught in school because school is created to make people become employees, that's why you need to obey every rules and kiss your teacher/boss's ass.

If financial education taught in school, many people will realize to not hold fiat, it will make banks bankrupt and the economy would fail.

khiholangkang

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Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.

People who are involved in the world of finance will certainly understand why financial science is not taught in schools, I myself have been in the world of education for 10 years and financial matters are only about saving and being good workers, for some reason we seem to be designed as workers to equip companies that requires workers, and that is why standardizing people in general to get the best position in the company is a success that must be achieved.

The elites deliberately do this so that they stay at the top and create little opportunity for competition for themselves. To be honest, many intelligent people can only become workers because of the doctrine of education that has been ingrained in them during their studies at educational institutions.

pinggoki

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We need to talk about the image above first, as much as we all agree on the fact that financial education should be a thing and it should be a mandatory thing for all schools so students will not be going out into the real world ignorant of all the financial stuff that they'll encounter in their adulting life, we also have to emphasize on the fact that we need to be able to make them not get bored about all of this, we all know how an average student does in classes, they easily get bored, they're edgy and they don't see the point of education so before we can talk about the addition of financial education to the curriculum, we first need to reinstate the love of children for learning and there's a lot of easy ways that you can do that like paying teachers, or giving out seminars to parents or would be parents to tell them that they need to make sure that they're instating to their children the love for learning new things.

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Quote from: DVlog on January 14, 2024, 02:18:38 PM

Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.

Financial education can be learned from experience. It is not true that financial education is not taught in schools the thing is traditional education curriculum taught us only that is needed to be a good worker, not an entrepreneur. Many developed countries where the education system is much more advanced taught higher education about business but in 3rd world countries they give priority to being a skilled and efficient worker.

Correct! In the 3rd world country, the educational system and curriculum focuses on practicability, that's the reason why we are not being taught how to be a good entrepreneur because it's a much harder path for survival rather than working for a company and receiving salaries rather than receiving profits. Because of this practicability, people have adopted and get used to being just a worker completely ignorant about business opportunities lies within the country. A lot of my country men left the country to work abroad to get higher grade salary, while foreigners moved here in my country because they see a lot of business opportunities plus a lower cost of living compared to the 1st world countries. This is the effect of being practical in the education system.

panganib999

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I'd argue that it'd be more important for you to learn how to manage money wisely than to actually earn your first million.

I've seen people who win the lottery splurge their whole wad of cash on hoes, drink, and drugs only to end up poor after a few years. All of this because of the easy money mindset, and the fact that all they ever knew money for is as a spending tool that they can abuse at their whims. People who have the mindset of a king that assumes everything grows on trees and they can just win the lottery again if they lose all their stuff cause they won once, that means they are lucky as hell.

On the other hand I saw self-made millionaires with as low as 100 bucks on their name from years prior, able to buy and support their whole family 10 times over because they know how to take care of themselves and the money that they have accumulated over the years. Goes to show that you can make a million out of a dollar, and you can also make a dollar out of your millions. It all depends on how you manage your shit and how you look at money.

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If your aim is to maximize financial success and stability, you will never get that in schools even if you study all its related courses because personal experience will harness your knowledge and skills towards financial management. However, by having financial education related courses in schools, you will learn different strategies and theories that you will apply in your personal financial management. Learning in school is just a preparatory for you before you will take risk in real life money management.

komisariatku

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Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

Financial education is a skill that is not been taught in schools.... ~snip~

Is there no campus with an economics major in your country? In my country financial concepts and economic concepts are taught in lectures and have many branches of knowledge, such as microeconomics, macroeconomics, foreign relations, monetary policy, economic management, accounting, etc.

And when it comes to economic concepts, economic policy, and accounting, it's honestly something complicated. Maybe what you mean by financial education is about financial awareness and lifestyle. Yes, not everyone who understands economics can manage their finances well, but this can all be learned in lectures and Robert Kyosaki is often a reference in economic theory.

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Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.

Because no matter how much you earn, it will never be enough if you are not able to manage your finances well, so financial education is very important and from an early age to be able to manage finances well.
If education from an early age means being trained since childhood. train children about financial education. yes trained in managing good finances. by giving pocket money or not excessive pocket money. that way since childhood children have been able to manage their finances properly and not spend money on something that is not clear.

Asiska02

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Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.

Financial education is a great tool for everyone to have today because of the importance it entails and how it will help to shape your financial life. Financial independency can be learnt even from outside the classroom when you’re going through life experience. Although it is important to learn it from the classroom as it will give you a first hand knowledge of it and how you will handle it when it arises in the real life aspect.

Financial Education might not be a subject on its own from school that will fully focus on the financial aspect, but there are other related courses that are taught in school which must have discussed about financial education. Knowledges shared from those courses are also a good tool to help students have a basic understanding of it.

Governments today are now also looking for ways to enlighten the public about financial education and the need for everyone to learn about it from their tender age. Courses are now introduced into the school curriculum to help student have a skill that can help support their financial needs and be independent before getting a good job from the government. Trade skills are very important and will also help in harnessing financial constraints resulting from lack of financial education from onset.

Assface16678

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True, even in a course about accounting or financial education, you don't learn much. Of course, if every student becomes too knowledgeable about the system in society, there will be no balance in the society. All will be wealthy, but still, it depends on the person itself. Everyone of us can't rely on courses or curriculum; although they will teach things a thing or a few, they will not give it all to you, so it's up to you on how you will educate yourself about financial things. There is the internet, wherein you can search for different materials that will tackle financial stability, hacks, and tips about financial things. As I'm browsing in this forum, I can read some ways or things that could be useful for financial things. That's why this forum is also a good learning ground about different things. As long as you are not stopping to learn new things that could bring you money, then you are on the right path.

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Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

~snip

In situations like this, its Better not to make a conclusion that applies to everyone. In some countries, they teach various courses related to business and finance. While these may not exactly match the financial education you mentioned, they are similar in some ways. Financial education is about showing young people how to handle their money, introducing them to new ways to earn, and preparing them for the real world.

Even if these kids are not yet old enough to deal with such matters, having this knowledge early on can benefit them in the future. Learning about finances at a young age helps shape kids in a way that enables them to make wise decisions about money when they grow up. It's a positive thing that should be taught in schools as it contributes to building a better financial future for the younger generation.

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Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.

It is very easy to guess why this is not taught at schools, and that is because those at the top benefit from this, if people knew how the economy works then governments all around the world will face backlash for the fiat system which is a massive scan, banks will not be capable of profiting from all the unnecessary loans people take right now, and business owners will not profit from crappy products anymore, so as you can see everyone except the average Joe benefits from keeping him ignorant, and if you want to change this you have no option but to study this topic on your own.

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Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.

I think it is not a skill, it is knowledge. Financial education may be not specifically taught in schools but I assume it is a part of economic lesson. So, we probably find out the knowledge about financial education in economic lesson. Sure, it may be not enough, the financial education must be learnt with more time.

Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.

Indeed. When we learn financial education, we may know how to make a wise decision about our financial matters. Sure, it also may trigger us to improve our financial level in a more effective way and it also will learn us about financial management. So, we can deal with everything about financial matters in the right way.

Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

I still don't know why it's not been taught in schools up till now.

Schools may consider to give the lesson about financial education. However, it should be in Senior high school or University level. In this education level, we may realize how to manage our money properly. It is also needed because parents expect we live more independent. But for kindergarten, elementary school, and junior high school, this lesson isn't needed. It is because the parents who control financial matters.

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Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

This knowledge gives you smart money making decisions, and it improves your standards of living

I agree, when someone gets that financial education at a younger age, as they grow, they'll practice how to save and how to invest and mostly, on how to take care on the hard-earned money.

Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.

And not just that, you're going to explore more things with calculated risk because you know your financial capacity and you're not going to move forward without any back ups and assurances.

Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

I still don't know why it's not been taught in schools up till now.

It is but it's not a main thing for the teachers or universities. The modern school systems have a different focus and you know what? it is teaching people to become employees. While the rich ones that are able to get out of the rat race, they learn financial education on their own methods.

Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.

While I like that guy, he's just one of the many that teaches that.

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If you see a person who doesn't have bad credit and is still able to make money consistently without any problems, then that person already has good financial control, it's not easy to get that and the practice isn't even provided by the school, learning as you go is the best way to learn financial control over everyone.

Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.

if everyone was smart then all schools would close, many people go to high school just to get a high salary and if they succeed in doing that then they no longer need financial education because according to them getting a stable salary is their goal of going to school, there are very few good schools, which has a good curriculum and teaches financial education to their students.

stomachgrowls

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Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.

Actually you could really be able to learn up these things naturally, even though not into that in deep through kind of learning but having the basics would really be something that you could be able to encounter.
It would be your own choice whether you would really be pursuing on making know into other things which you could really be able to do so. This is why if possible then it would be wise that you should really
be knowing at least on what a basic thing could be able to do so. This is why it would be on someones choice whether they would be choosing that path or would really be just that relying into their own
basic knowledge through it. Yes, it isnt taught in school but just like ive been said earlier that this is something that you could learn up naturally.

It is really just that impossible that you cant really be a identify on what are the viable things that you could do and to those things which you must really be able to avoid.
It might not be completely that too technical when it comes to this matter but basic knowledge should be that somewhat save you up.

Dr.Bitcoin_Strange

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Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

I still don't know why it's not been taught in schools up till now.

Speaking precisely for my country, the board of education and academics have implemented a recent course known as Entrepreneurial studies. The course is being studied in both junior and senior secondary schools and also at the university.

The course teaches students how to create businesses for themselves, how to be self-employed, how to write and start a business plan, the importance of acquiring a skill, and many more thing in relation with finance and wealth creation. Most of it all is that the course enlighten students how to succeed across any career they chose.

There are other courses, such as economics (which has a different course code for higher levels), marketing, accounting, and financial management, those courses can actually give a student some kinds of beneficial financial educational knowledge that they require to exploit.

Now my question is, from those courses I have mentioned, has none of them been introduced into schools and universities in your country by the educational curriculum board? Which country is that, if you don't mind sharing?

electronicash

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you can imagine how many people right now would have been trading in STOCKS/FOREX as a means to provide for their family if skills like that were being taught in school. only a few people would have been working for the rich and manufacturing products would be slower.

On the darker side, why would the governments and banks want people to learn financial literacy? when people figure out how money works, they will create money of their own and they indeed create one such as BTC.

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