Have you wonder why most lottery winners have gone back to square one after winning or most rich kids losing their inheritance due to poor/bad management of funds, it's because they lack financial education.
On the other hand 1million dollars is truly a life changing amount of money but if you are not financially educated, you will lose it all on the long run,
I don't know if anyone sees it the same way I do?
As a financial advisor by trade, I have my father to thank who taught me about finance from very early on. He instilled in me basic financial principles such as saving money, investing, keeping a budget, living within your means etc. He also taught me about stocks from very early on. I remember thinking to myself “I’ll never be able to understand the stock market fully, it’s so confusing” but he helped me to understand and now I’m a financial advisor, which makes me laugh as I now fully understand.
That said, financial education absolutely does not guarantee financial stability what so ever. So saying it’s nearly impossible, is just not true. I know plenty of financially educated individuals whom are poor savers and investors and are completely unstable financially.