Financial education or 1million dollars - page 3.

RockBell

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Quote from: Kara3 on May 16, 2023, 01:10:04 PM

Financial education has always been a game changer in the financial state of a man, it is the best education a father can give to his children because once you are financially educated, it's near impossible not to be financially stable.

You also know that many educated people behave like illiterates despite the fact that education is important. If given the choice between having a million dollars or having financial knowledge, I would choose the money because spending money carelessly is a personal matter and that is what money entails, once you have money you start having pride, if you look closely men that are super rich are most humble have know I feel everything still depends on personality. Because if you do your research well you will still find some lottery winners that are still doing well.

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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?

I don't dispute the possibility of losing money through extravagant spending, but before you start spending extravagantly, look for a very good business to start and have some money saved in a fixed account. I am aware of men in my area who lack financial literacy but who are still successful.

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Quote from: Litzki1990 on June 09, 2023, 06:09:19 AM

If we win a huge amount of money in the lottery but if we cannot spend that money properly then the winnings will be worthless. We should have enough understanding about money. If people who lack education ever get such lotteries, they spend the money on various activities, which results in the loss of huge amount of money within a short period of time. 1 Million Dollars If a person wins the lottery then that person has to figure out how to convert a million dollars into 10 million dollars. And if a person has these lessons on how to spend this money to convert it to 10 million dollars, then that person will never be in financial danger.

Yes, if a person lacks financial understanding, it is tough to keep that 1 million USD because it is easy to make mistakes in using it. But having enough financial knowledge doesn't guarantee you'll make $1 million with that knowledge. That's a huge amount of money, and even the economists, I don't believe they will make it. Moreover, as many have said, getting financial education is not so difficult when you have money, you can easily hire a financial expert to teach you everything. In this situation, it is clear that $1 million is an option for everyone rather than financial education.

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Quote from: Kara3 on May 16, 2023, 01:10:04 PM

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?

No amount of money is Big, When one lacks financial education i don't think a particular amount of money will last long because money is just like a smoke that goes into the air. No matter how money is much in one's hands, and if the person does not understand how to handle money, just in a short time no matter how huge the money may be it will just vanish unknowingly to the person. Money does not last forever as for the day counts and time counts their are things that will always demand for money so it is always important for money to be invested for more money to be generated that is the purpose of money. Money is not just only to solve problem, to be spent on things but money also serve a purpose to create more Avenue of having more money. if people understand this I don't think they will rundown broke of money. It is only money that can be used to replicate more money so in case wherey their is no knowledge on how to manage money it will be no where to be found.

Litzki1990

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If we win a huge amount of money in the lottery but if we cannot spend that money properly then the winnings will be worthless. We should have enough understanding about money. If people who lack education ever get such lotteries, they spend the money on various activities, which results in the loss of huge amount of money within a short period of time. 1 Million Dollars If a person wins the lottery then that person has to figure out how to convert a million dollars into 10 million dollars. And if a person has these lessons on how to spend this money to convert it to 10 million dollars, then that person will never be in financial danger.

CODE200

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Quote from: Pierre 2 on June 06, 2023, 11:53:25 PM

I still feel like 1 million dollars could be more than enough for people like me that lives in Türkiye because it makes you enter very rich club. Buying handful of real estates could be okay enough to protect my wealth here. But it depends. I wouldn't like to be very informed about financial markets and have 0 amount of money. Not having money doesn't help at all. I think we need half/half if possible. 500k usd deposit and half information necessary to use in financial markets.

The financial education part isn't that hard to find, people all over the internet offer free financial advice already, be it good or bad advice, the point is the education is already there, you just need to find the right one. I think that it's stupid to pass up million dollars no matter what financial level you are in, remember that in the grind, it's like a sandwich, the bread goes first.

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Quote from: Lorence.xD on June 08, 2023, 12:11:51 PM

Quote from: 19Nov16 on June 08, 2023, 03:20:45 AM

Financial education is something that we can easily get in the current era of smart phones, we can see or download a lot of financial education for free, this is what makes seminars about financial education difficult to find, different from 10 years ago when there were not many smartphone users, the costs seminars for financial education can be up to $ 1000.

Yes that's actually true, but let's be honest when we start watching something we don't understand it will just make us overwhelmed and cause us to be bored since there's a lot of information we can't comprehend. That's why financial education is still actually good, especially if your teacher or mentor is actually have a good background. Plus we're evolving everyday, there's new techniques and trends that are produced by the changing of the environments. So I guess social media is one of the factor that could enhance those knowledge. But If Iwere to ask by OP, having those knowledge would help you to be millionaire itself that's the truth.

This is a big Opportunities once in life 1 million doller came to us and That's why financial education is still actually good, especially if your teacher or mentor is actually have a good background. Plus we're evolving everyday and I don't think anyone is stupid enough to turn down $1 million and opt for financial education. An idea put into action is where real riches begin. With the right skill, money is easy. With the right skill, you will easily get investors and the right people to engage with that.

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Quote from: 19Nov16 on June 08, 2023, 03:20:45 AM

Financial education is something that we can easily get in the current era of smart phones, we can see or download a lot of financial education for free, this is what makes seminars about financial education difficult to find, different from 10 years ago when there were not many smartphone users, the costs seminars for financial education can be up to $ 1000.

Yes that's actually true, but let's be honest when we start watching something we don't understand it will just make us overwhelmed and cause us to be bored since there's a lot of information we can't comprehend. That's why financial education is still actually good, especially if your teacher or mentor is actually have a good background. Plus we're evolving everyday, there's new techniques and trends that are produced by the changing of the environments. So I guess social media is one of the factor that could enhance those knowledge. But If Iwere to ask by OP, having those knowledge would help you to be millionaire itself that's the truth.

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Quote from: Kara3 on May 16, 2023, 01:10:04 PM

Financial education has always been a game changer in the financial state of a man, it is the best education a father can give to his children because once you are financially educated, it's near impossible not to be financially stable.

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?

Opportunities of 1 million dollars come to us maybe once in our lives. But if we have financial education, we bring these opportunities to ourselves. I think this is exactly where we need to think about when answering the question. With financial education, we can see opportunities more quickly. At the same time, we can achieve our goals ourselves without the need for others. Both options show people who think very differently. I'm on the financial education side.

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Quote from: 19Nov16 on June 08, 2023, 03:20:45 AM

Financial education is something that we can easily get in the current era of smart phones, we can see or download a lot of financial education for free, this is what makes seminars about financial education difficult to find, different from 10 years ago when there were not many smartphone users, the costs seminars for financial education can be up to $ 1000.

I also partly agree with what you said, nowadays, acquiring financial knowledge is not too difficult if we take the time to search for them online.
It is even easier if we have the money to hire experts to teach us. So in this case, I don't think anyone is stupid enough to turn down $1 million and opt for financial education. I will also choose 1 million dollars, and no need to think more because when you have money, having knowledge is too simple.

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Quote from: Kara3 on May 16, 2023, 01:10:04 PM

Financial education has always been a game changer in the financial state of a man, it is the best education a father can give to his children because once you are financially educated, it's near impossible not to be financially stable.

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?

Money is just a tool. If have it fast, you will surely lose it faster. That if you don't make money, It will make you and it's the worst thing that could happen; to live just for the sake of money.

On the other hand, True skill and genuine education are generational wealth. An idea put into action is where real riches begin. With the right skill, money is easy. With the right skill, you will easily get investors and the right people to engage with. Because it is never about the money, it's always been about what kind of person are you becoming and what value can you add to the world and make it a better place.

19Nov16

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Financial education is something that we can easily get in the current era of smart phones, we can see or download a lot of financial education for free, this is what makes seminars about financial education difficult to find, different from 10 years ago when there were not many smartphone users, the costs seminars for financial education can be up to $ 1000.

Pierre 2

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I still feel like 1 million dollars could be more than enough for people like me that lives in Türkiye because it makes you enter very rich club. Buying handful of real estates could be okay enough to protect my wealth here. But it depends. I wouldn't like to be very informed about financial markets and have 0 amount of money. Not having money doesn't help at all. I think we need half/half if possible. 500k usd deposit and half information necessary to use in financial markets.

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Quote from: ?? on ??

financial education without money will earn you nothing other than poverty. It's highly better one get the money and use part of it to acquire financial knowledge and use the remaining one for business after one have acquired the financial knowledge.

You are absolutely wrong about that, mate. There are people who are hard-working in life, and when you give such people financial education, they will really do great in life because the education exposes them to the process of making money for their business startup or investment they wish to start. Whoever has obtained a quality financial education should be able to know how to raise money for whatever they want to do. Financial education is very broad; it teaches a lot of things, like investing with low risks, risk management, possible means to generate income, and how to go about getting a loan. So, for someone who really has the desire to make wealth, after acquiring financial education, it's a good start. Only lazy people would not try to practice what they have learned.

Someone without an idea about financial education is like a crawling baby that can easily crawl into a dangerous zone. So if some people get hold of that money, they can't do anything reasonable with it.

Myleschetty

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From the OP's opinion. People who are into financial education cannot be financially stable.
That's something I don't agree with because the important thing is being financially awareness invest, risk management, fund spending, and always setting a goal.

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You know, it's a world with several twist.
There are no guarantees on which ever you choose. Of course, the financial education seems the best or better option but, you would take that just because, you hope it could lead you go wealth and you get better at managing them. What if,
After getting these expertise in money management and all, you don't have a penny to manage. Your just stock with all your theories. Perhaps, you could start life as a lecturer after wards, get creaive with the acquired knowledge and how to reap from it.

Again, one can pick the money and later use that money to train themselves through some financial education and still have both. I think that would be a wise choice should one follow that path.

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Quote from: karabiber on June 06, 2023, 05:00:40 PM

Quote from: Semar Mesem on June 05, 2023, 09:14:23 AM

Of course I will choose $1 million, in my country $1 million is a sufficient value to start a business such as a restaurant, and I think financial education will be more effective if we actively search the internet, moreover a lot of financial education is only theory so it does not match needs and reality .

Now that we're here, everyone will prefer cash first and education will be secondary. Everyone knows that 1 Million Dollars is suitable for owning a business in the country they live in, but the main issue is whether the person has training in plans and organizations to manage the financial statements of the business, provide personnel management and after establishing the business. Putting education into the background will cause you to lose money fast in other words.

$1 million is a huge amount of money but it's easy to lose money. If we remove education from the options, we will be more likely to lose money and if we remove the money, we will see that adequate education is useless without capital. I will say that education is the key to many things, but money is the lock to that key.

Almost all of people wont really be having the chance on holding a million dollar even on their lifetime of working with 8-5 jobs or even having a business on which they would really
taking the opportunity on diving on getting that cash rather than on having that financial education which is something that you could really be able to deal with when you do have the
money.This is why its not shocking on what most people be choosing in between things. You could really be able to do things when you do have the money and come to think that
we do have different value in terms of dollars compared into our local currency on which it would really be on how many folds and something an amount would really be
changing up your life forever.You would really just only need to make yourself adjust and be wise on how to make use of those money on not to be ending up
on getting broke again.

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Quote from: Semar Mesem on June 05, 2023, 09:14:23 AM

Of course I will choose $1 million, in my country $1 million is a sufficient value to start a business such as a restaurant, and I think financial education will be more effective if we actively search the internet, moreover a lot of financial education is only theory so it does not match needs and reality .

Now that we're here, everyone will prefer cash first and education will be secondary. Everyone knows that 1 Million Dollars is suitable for owning a business in the country they live in, but the main issue is whether the person has training in plans and organizations to manage the financial statements of the business, provide personnel management and after establishing the business. Putting education into the background will cause you to lose money fast in other words.

$1 million is a huge amount of money but it's easy to lose money. If we remove education from the options, we will be more likely to lose money and if we remove the money, we will see that adequate education is useless without capital. I will say that education is the key to many things, but money is the lock to that key.

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Quote from: DaNNy001 on June 06, 2023, 03:19:15 PM

Hmm, I guess now that you put it in that way is somehow clear to reason because I know of few of my friends who have had the opportunity to hold huge funds of about 12k to 15k$ but at the long run of everything they just end up squandering the whole money and this just show how financially unready he was because only a financially educated person could be able to hold, control and use that kind effectively to result a positive outcome.

Exactly, all educated people will know how to manage their finances well even though they don't have big funds but they are planning big profits in the long term, they will not be careless in financial management and will be very careful for all unnecessary expenses.

But for me everyone will find it easy to learn financial education if they want to do it but not everyone succeeds in earning 1 million in their lifetime, so I choose 1 million dollars and will immediately study financial education to plan that money for long-term investment needs.

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Quote from: Franctoshi on June 06, 2023, 01:37:01 PM

Quote from: Dr.Bitcoin_Strange on May 16, 2023, 01:21:36 PM

Quote from: Kara3 on May 16, 2023, 01:10:04 PM

Financial education or 1million dollars

I will take the $1 million, then use some to aquire financial education and how to expand the money through business, Bitcoin investment and other investment. It's as simple as that.

Literally majority of people would prefer taking the 1 million dollars instead of financial education, but in a real sense if one do not have financial education, I wonder how he or she will be able to manage such an amount of money without getting it squandered and still go broke in the end, Despite the fact that we will prefer taking the 1 million ,however knowledge is key to whatever thing that you do. someone with proper financial knowledge can grow a $1000 into becoming 1 million dollars and even more.

Hmm, I guess now that you put it in that way is somehow clear to reason because I know of few of my friends who have had the opportunity to hold huge funds of about 12k to 15k$ but at the long run of everything they just end up squandering the whole money and this just show how financially unready he was because only a financially educated person could be able to hold, control and use that kind effectively to result a positive outcome.

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Quote from: Franctoshi on June 06, 2023, 01:37:01 PM

Literally majority of people would prefer taking the 1 million dollars instead of financial education, but in a real sense if one do not have financial education, I wonder how he or she will be able to manage such an amount of money without getting it squandered and still go broke in the end, Despite the fact that we will prefer taking the 1 million ,however knowledge is key to whatever thing that you do. someone with proper financial knowledge can grow a $1000 into becoming 1 million dollars and even more.

The truth is that, some people loss their mind after receiving a huge amount of money, and when it's so, they are bound to spend that money lavishly to the last penny of it.

Quote from: Dzwaafu11 on June 06, 2023, 01:46:08 PM

Snip

That almost the same thing to what @Die_empty said. But the truth is that am not the kind of person that lavish money over unnecessary things, let's say I spend on the things that is only profitable to me and can add value to my financial lifestyle. I am not that business- expert kind of guy nor a financial expert but at least I have gathered quite a good knowledge on how to gradually and persistently grow wealthy. Also, I don't get pushed so had any time I see or receive a huge money and that's because of the volume of money I have seen past.

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Do you really believe that a man with I million dollers in his bank account will enroll in a financial education program? I'm confident that they won't go, just like me I won't since I won't even consider investing to grow myself; the reason for this is that there is no financial education.

I wouldn't be so confident like that, every body is not same. Some people are determine to pay for what can add more values to their life or bring more wealth to them. Currently there's a program I intend to enroll, the fee is about €5k for just a month and some weeks, am ready to enroll once my money is complete and the reason why is because I know the potentials of what I will learn after I finish that program. So, that's just how people are, you can pay for what can add value to your life, while some people too are ready to spend lavishly.

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