~snip~
Look, I live in a country like this. The average food courier's salary is $300 a month, the cashier's salary is $250. We have a hell of a lot of different programming courses (some with job offers immediately after graduation). There are a lot of cool courses. Also, a large number of schools learn programming in the currently popular languages (mostly python). And with free education it should have turned into a real factory producing lines of code. And what do you think? Is there a country of programmers? No, we have a country of vegetable sellers at farmers' markets for a penny, taxi drivers, cashiers and waiters. They invest their money in a bank at 6% with inflation of 10-13% per year and they do not want to do anything, they are happy to invest in pyramids (ponzi schemes), do not save money and use credit cards. How to live in a place where the mortgage at 17.9% is cool and people are happy to take such loans? And tell me, how not to cry here?
I am more or less sure that these numbers are not just peculiar to your own country, that the majority of countries in the world have the same situation as yours or even worse.
And are you saying there is free education in your country?
If it is hard to hold back tears pondering on your countrymen investing money in a bank whose interest is much lower than inflation, on them investing in pyramids, on them using credit cards, and so on, you'd be crying a river at my countrymen's situation.
In my country, millions of people cannot even open a bank account, much less invest in them. They cannot even manage to set aside a tiny amount for savings. They cannot even qualify to open a credit card. They cannot even be approved for a formal loan.
At least 77% of my countrymen are unbanked. Around 60% of which cannot do so primarily because they don't have the money for it.
My point is that your situation is not as insurmountable as ours. You'll have better days to come. Sooner.
If it's no secret, what country? Zimbabwe? Togo? Ghana? The Democratic Republic of the Congo? Eritrea, maybe?
The biggest problem is that schools do not educate us financially.
We are not able to get huge risks and make our investments from our early years of live and accomplish to be financially independent as earlier as we can.
That sounds funny to me. The main thing we have to learn is how to read and count. And the rest is left to us. Read the reports of companies and banks, study index structures, study various financial market instruments. In fact, there is so much information there that in order to fully understand all the processes and qualitative perception and processing of information it is worth to get higher education in economic disciplines.
I really don’t understand why people use credit cards. Mortgages are often the only option, about also in doubt.
Probably the main problem of our generation is the inability to accumulate funds, because there are so many temptations.
Because of what it is necessary to go to a small town or even village, so that the temptations are much less and you can collect easier, more and more efficient.