Topic: Financial education or 1million dollars - page 2. (Read 1360 times)

I like your wise answer because you are very careful to handle your finances because you don't use $1 million without the support of financial management knowledge, but money from lotteries or inheritance from parents is mostly used for greed purposes because you don't get that money from work hard, maybe only some people really use those funds for better financial management, they have a business plan to increase finances and some will allocate for crypto investment in the long term.

An important factor is that financial management knowledge is needed to grow economic factors, without any financial management they only have the skills to spend 1 million dollars without thinking about opportunities to create new businesses and invest in gold, property or crypto for the purpose of achieving better finances.

Money alone cannot give a person a healthy life because if a person does not use money properly then that person will never be able to hold money even if he has billions of dollars. So of course a person needs financial education which will teach him how to earn money and how to manage it and lead a routine life by saving money without wasting it. In this case the person will not face financial problems very easily. So financial education is more important than 1 million dollars and education is more expensive than a billion dollars.

This question depends on who you ask, parents or young people.
and if the question is for young people I suggest you should choose financial education.
Because financial education will help you find or make a lot of money in the long run as long as you can study financial education very well, and even you can have more than a million dollars.
and if the question is for parents, it seems like $1 million is a very good option.
and with this money you can use it to take a vacation to enjoy your old age, besides that you can also use this money to open a business or to buy property, or other types of investment. Aim to take advantage of the benefits that you will continue to enjoy while you are on this earth, and will also be enjoyed by your children. And it would be even better if you share 2.5% for people in need or build a place of worship or other good things that you will continue to enjoy after you are not in this world.

Many of them won the lottery but only for fun by buying lots of things at will by partying because they have a lot of money so they forget how to use that money wisely, one of the factors is because they are still not satisfied with their greed.
I know that everyone who wins will not go bad, they will definitely think about the future, of course, with education, and for example, the money from the lottery should be enough to pay for college, the rest can be invested if they are wise, but people win the lottery it's very few and most of them are a waste of money.

Without financial education, you will not be able to create wealth. So you need financial education for you to be able to invest and make a profit. I accept your decision to avoid luxury because it can lead to a waste of funds. I also think  I will take the $ 1 million but I will not make use of it until I have acquired enough knowledge about the area I want to invest in. And after the education, I will not invest all the funds because I can lose all. I will invest some part of the money and check if the business is lucrative or not. After some time I will have to decide to continue or to move to another business. But by all means this money must be invested and not wasted.

Your prediction that cryptocurrencies can double the money might not be realistic. This is because it is not certain that your investment will appreciate. The price of cryptocurrencies is not predictable so we have to invest with caution. That $1milion can reduce to $500,000 in a few days if invested in the crypto industry.

Haha, Very interesting topic, I was just reading the random replies on the thread and I am amazed at the point of view of different users on financial education and Million Dollar. When I read the title first I thought that this topic is inspired by the Mr beast shorts channel videos haha because I have watched one of his videos in which the query was the same but it was presented from a different angle where the mode was related to 1million subscribers or Dollar and here is about educational and 1 Million dollars.

No doubt 1 Million is a life-changing amount and I have heard from many people that money attracts more money, well personally I don't believe in this school of thought my belief is education is the key to opening the financial limitations. With proper financial planning and education, a person can improve his ability to make even millions and millions of dollars each year.

I'd take $1 million. I would look at the evaluation, I would avoid luxury expenses at first, I would try to create income pools for myself, I would try to complete my own education according to my deficiencies, I would do the same for most of me, after a certain age, I would give him a certain amount of capital and watch him go bankrupt, maybe  should make good use of his first shot. Later, I wished that he could leave the same amount in bitcoin to my children and ten to his own children, and to continue like this.

This is not always true, I have seen men who don't have formal educated excel in their businesses and you will be shocked that  graduates of BSC are not are successful as they are, they are creative and money comes into their account everyday and what help them is there environment, they study there environment and learn things that are are highly needed by the people, they use money to start the business and in a short time, they make money from the business that will wow you.

If I have the opportunity to be given a million dollars, I will gladly receive it in cash and not in check and I'm very confident in myself that I will used that money and invest in a business here and I must succeed, I have the confidence that I will make more money from that money and if with time education will limit me of my business, I will engage in online schools, it's not that hard these days to receive education from the internet.

Good offers and in my opinion for now $ 1 million I like more than financial freedom, especially nowadays where all any information is easy for us to get at hand, and I think after getting $ 1 million it will be easy to increase to $ 2 million or even $ 10 million because we already know cryptocurrencies.

Seeking knowledge also requires process and time so I never thought that seeking knowledge was an easy thing even though there are many ways and paths that can be taken by everyone. But I see on the other hand where money is always harder to get even though everyone is always looking for it in various ways, so I think choosing a large amount of money will seem wiser for now and you might also choose the same thing when you say knowledge is an easier thing for you to look for now.

Yes, knowledge is very important but nowadays finding and learning it is not too difficult. On the contrary, earning a lot of money or 1 million dollars is not possible for everyone, even for highly educated people. So it would be foolish for someone to skip a million dollars and choose financial education. But I bet there won't be anyone who isn't greedy and skips $1 million.

Nowadays it is very easy to find any knowledge, when I try to find ways to learn magic, there are many channels that can teach magic, if magic is more difficult to learn, it will be easier to learn education about finances.

The lottery example is often used frequently to show how difficult it is to manage big money without proper knowledge. But it is worth noting that not everyone who won the lottery lost their money, because once you get a lot of money, you can devote time to a very good education and, as a result, gain the necessary knowledge for proper money management.

It will depend on the person, someone wants to get this knowledge and will work on it, and someone just wants to live without any restrictions, and perhaps the money will leave his life as quickly as it came.

Financial education is good because this will enlighten you on how to make your own personal  as with your own idea and we should all know that if you don't have any business idea and you are been given money for business you will venture into business that you feel that is very profitable but not knowing the actual strategy on how to invest in such Business this will make you to loss your investment in a twinkle of an eye and so doing you will go back home without anything. My advice  is that we should have business idea because if we don't no matter the amount you are been given, if you are not be able to utilize it well, the money might sound very outrageous to us but the way it will vanish if you don't put it in a good channell that will yield profit will be very surprising to you, so before such amount is been given to you, you ought to have  learnt how to invest it in a profitable ventures. So to me financial education first before the money.

I agree with you that 1 million dollars is truly life changing but if you are not financially educated you may loose all of it. Both financial education and having 1 million dollars can be beneficial but they have different purposes. Having 1 million dollars can provide financial security and freedom for a short term only. It can allow you to pay off debt, invest in assets and live a comfortable life. Without financial education there is a risk of mismanaging the money and losing it very quick. Having a financial education can provide the knowledge and skills needed to manage money effectively in the long term. It would helps individuals to make informed decisions about savings, investing and spending money. That is why it is important to have both financial education and money. Having large sum of money without the knowledge to manage it it can lead to financial loses.

That's why the role of a father is much bigger than their teacher at school, children will be educated according to what is given by their parents and to what extent parents can bring their children to be responsible for financial awareness. Success must be prepared and it does not happen by itself, parental factors in providing upbringing, networking and others are really needed by a child.

It is not surprising that the discussion concerns gambling, which in practice is more about luck. And vice versa for those who have inherited and if it is not managed properly, then any inheritance will run out like a round in gambling.

Things like this are close to several cases that have happened around me, meaning that there are some people my age who have a large inheritance from their parents, but due to improper management eventually the inheritance runs out without anything left and now they are back at zero point and have to struggling again to make ends meet by working hard.

Therefore educating children so that they are better prepared to develop their potential is very important, because when they grow up they know that they have to use money to build whatever business they want, so that their financial capabilities can be further improved and further developed. This is where the role of parents is very important because children will get used to the upbringing given by their parents, if they get a good education then when they grow up it will be easier for them to develop their potential.

If there is a choice of money or knowledge then most people will choose money over financial education, in my opinion this is natural because nowadays it is easier to get knowledge, if 10 or 15 years ago it would have been expensive if we wanted to get knowledge about passive income, educational finance and in part, but now we can watch almost all the best videos for free on YouTube.

Financial education is still good because it will help you learn everything in transition there are fixed and variable expenses that the subject faces every month. There are also priority costs and other less relevant ones if the individual wants to increase the savings, they can insist on this type of field. Achieving financial independence is a dream of many people. A freedom that shows the personal situation of a person who is not conditioned or concerned about finances. Financial education is the key to moving towards that horizon. Financial education provides the necessary tools to put successes, mistakes, strengths and weaknesses into perspective.

Of course, most people prefer to take one million dollars than financial education, because basically finding financial education or understood the financial world will not spend that kind of money because today we can access it self -taught or hire private teachers are much better.
This cannot be compared with someone who is already addicted to gambling or likes to play lottery, certainly has a higher financial risk because it harmoniously their lottery players think narrowly and live only based on fortune.

Knowledge of financial management is the basis for someone in controlling finances, therefore it is very important, not easy for someone who has a narrow mindset like the lottery players, and whatever money he has from the management will still run out if it only rotates in the pattern of gambling, Speaking wisely in expenses will not have an influence for the lottery addicts.

True enough.

Financial management is a must if you want your money to last forever, because if you don't have any idea on how to manage your funds, for sure you'll just lose it instantly by spending on things that is not even important or worthy in the long run. People who won the lottery are always one day millionaire, since they are always saying they deserve it, which is true but always spend it wisely.