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Topic: The lack of financial education - page 17. (Read 2848 times)

hero member
Activity: 980
Merit: 507
February 17, 2018, 12:01:00 PM
There are various course where professional and experienced investors train the investors of the future that is today's children's if that's what you're talking about . But 95% of the world's investors do not take such courses due to beliefs like you don't need to take courses on how to buy and sell. Lack of Financial education arises only because of ignorance factor by investors and let the consequences faced later on due to neglection be a lesson to them.
jr. member
Activity: 89
Merit: 5
GuestCrew
February 17, 2018, 11:54:58 AM
It isn't really about economics rather it's about life skills. I remember my first investment was a car - an asset that is likely going to be depreciated, will cost insurence, petrol, maintainance, parking space etc. !! But it is impossible to tell that to a youth who wants to buy a car because it's shiney!

Bitcoin or any other crypto coin is a great investment, far better than a depreciating asset! But yes, don't expect the youth to understand that easily or the government to be of any help.

I guess awareness campaigns are the only way to make people understand their priorities and keep the 20 somethings from taking bad financial decisions!
full member
Activity: 406
Merit: 100
February 17, 2018, 11:47:21 AM
Perhaps we can provide a tangible proof that bitcoin is able to provide a big advantage in the future so other people do not keep on doing questions and directly in practice.In making a good investment and true.
sr. member
Activity: 980
Merit: 255
February 17, 2018, 11:24:13 AM
The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.

Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.

What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
That is on purpose we cannot have a society of fulfilled individuals that are all smart about how to use their money, in order for the current system to work we need mindless consumerism, we need people to spend every single dollar they make and then more to keep the economy running, and that is not enough we need people to have huge amounts of debt as well, those that realize the system is rigged like us can make an easy escape by avoiding debt and saving, but even that was not fool proof since from time to time the economy will crash destroying our savings, you could protect yourself with gold but gold ownership could be made illegal, but now with bitcoin we can protect ourselves fully against the effects of economic crashes.
full member
Activity: 501
Merit: 147
February 17, 2018, 10:59:23 AM
The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.

Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.

What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?

We should really start it from our schools for somehow some families are not or not an effective teacher in terms of financial. We should engage or students to a creative and livelihood way of teaching this kind of issues. In fact this was a very important knowledge that everyone should acquire.
member
Activity: 728
Merit: 63
$CYBERCASH METAVERSE
February 17, 2018, 10:40:14 AM
In the present world,the commercial world is going on.In the case of transactions,there has been a lot of awareness among borrowing,investment,buying and selling.otherwise,the amount will lose. Therefore,avoid failure financial education is very important.But still the proper awareness of the Govt hasn't been created.So in order to get successful entrepreneurs in corporate life,budget and opportunity for financial education will be increased.
full member
Activity: 378
Merit: 100
February 17, 2018, 10:31:13 AM
I think that financial education which is crucial for people have to start since childhood from your family. Our families just gave us money whenever we need it but have never taught how to manage it.
full member
Activity: 238
Merit: 100
February 17, 2018, 10:05:34 AM
The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.

Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.

What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
Well, the sad truth was already been stated by yours because why the government is keep on making its people study the things that they think that must be known by its people is they are also taking for granted that the practicality about life cannot be just taught within institutions such as school which makes people to be ignorant on thinking about the reality of life which comes to earning money to support financial needs because we are just focusing on studying yet cannot be apply or use it in real life manner. Although financial knowledge cannot be taught in school, it is a major need that people must be knowledgeable about life in which they must learn to cope up into different scenarios such as having enough knowledge about financial.
hero member
Activity: 854
Merit: 500
Stake & Vote or Become a IoTeX Delegate!
February 17, 2018, 09:59:44 AM
For me, I think the school doesn't need to teach about financial. They just need to guide us including our parents. Because our parents are the ones who are always thwr to guide you based on experience. They help us budget, save and invest. They give us advices. And lso they support us

I believe that financial education has to be impleented in all academic institutions because one of the basic unerstanding we should have is to manage our finances properly to survive.
You have a good point that parents are the first teachers for financial education but we have to understand that their belief on how to use money is what makes them fall most of the time.
newbie
Activity: 13
Merit: 0
February 17, 2018, 09:49:46 AM
The financial education depends from place to place as there are few place who are having a high literacy rate but in some places it is low as the financial education comes from the education itself it people are educated then the financial education would also be more as it is very important for everyone.
full member
Activity: 2520
Merit: 214
Eloncoin.org - Mars, here we come!
February 17, 2018, 09:48:46 AM
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?

Well, the best thing today is the internet. Don’t expect the solution to come from the Government, as those subjects are not on the agenda.

I think the best if you have kids is to motivate their curiosity and critical thinking.

actually i dont believe that kids must be teaches earlier on how to make earning since they must make study first,theyre mind will be filled of other part of living..but i know that they need to learn the fundamentals of having enougj knowledge of how important the life we had,so make the best out of it
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
February 17, 2018, 09:35:21 AM
We are talking about lack of financial education about trading and stock marketing, but we don't realize that the vast majority of people have no idea of the basic element about money and the economic system.
I'm pretty sure that governments keep deliberately in ignorance the population, so people can't understand what kind of misuse politicians do with their money.
Lack of financial education is one of the biggest dilemma of this society and this is the only thing which is resulting in so many issues especially regarding to that of loss of money and managing of the money in the right manner. the thing is you really need to have at least some basic back ground knowledge regarding this and this will eventually help you in having some better mind to make wise decisions.
We should really focus into financial education for the first time before putting any of our money into different form of investment or invest our time into some opportunities or possible source of income because we can really value money and time if we have financial education and this is the most forgotten type of education for the people.
sr. member
Activity: 560
Merit: 286
February 17, 2018, 05:37:25 AM
We are talking about lack of financial education about trading and stock marketing, but we don't realize that the vast majority of people have no idea of the basic element about money and the economic system.
I'm pretty sure that governments keep deliberately in ignorance the population, so people can't understand what kind of misuse politicians do with their money.
Lack of financial education is one of the biggest dilemma of this society and this is the only thing which is resulting in so many issues especially regarding to that of loss of money and managing of the money in the right manner. the thing is you really need to have at least some basic back ground knowledge regarding this and this will eventually help you in having some better mind to make wise decisions.
hero member
Activity: 994
Merit: 544
February 16, 2018, 10:52:10 AM
Well lack of education sometimes because of lack of financial. They don't have money to educate their kids because there are many schools who are not willing to poor students or should I say no money to pay for their enrollment fee.

Well I do not think that there are schools who teach financial education.  It is teach by our parents at home on how important money is.  I am proud to say that bitcoin gives me savings that I dreamt of.  I now know as to how and when should I sell or buy my bitcoin.
sr. member
Activity: 1540
Merit: 420
www.Artemis.co
February 16, 2018, 10:48:02 AM
The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.

Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.

What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
We've all been to school and it serves a fundamentals of learning the basic steps until we became mature and ready to analyze things of our own. But yes the basic things in our lives is on how to live and get a life. Learning has no boundaries but we can start teaching economy and finance if were knowledgeable enough to our families and friends. Remember that some people are not happy when majority of people are very smart and independent and those are the capitalist and elites.
member
Activity: 122
Merit: 23
February 16, 2018, 10:34:18 AM
The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.

Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.

What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?

Basically, if we wanted to make more interested youth in
 and finance, we should start it at school for obviously it is not being teach at home commonly (but it's a must). We should engage or students in a fun, interactive and smart activities that will help them to understand this serious possible problems in a light way. APPLICATION is very important to develop a certain skill, theorys are not enough.

full member
Activity: 350
Merit: 100
February 16, 2018, 09:09:25 AM
The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.

Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.

What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
Lack of financial education makes you feel ignorant.You need to educate yourself and you can try some reasearch online.You can ask someone who are knowledgeable. Since in School we do basic about simple mathematical equation , You need to more knowledgeable.
member
Activity: 205
Merit: 10
February 16, 2018, 08:51:35 AM
Well lack of education sometimes because of lack of financial. They don't have money to educate their kids because there are many schools who are not willing to poor students or should I say no money to pay for their enrollment fee.
newbie
Activity: 79
Merit: 0
February 16, 2018, 08:49:21 AM
The Dark Phenomenon Starting from Financial Blindness

Not a few people are mired in the dark phenomenon of financially. They are in debt, suffering losses in business, and other dark phenomena. The severity of many people who are entangled in debt in the form of consumptive debt. Consumptive debt is the debt taken with the aim of financing a consumer lifestyle, such as shopping for luxury goods whose value continues to fall.
full member
Activity: 258
Merit: 100
February 16, 2018, 08:46:57 AM
The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.

Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.

What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?

Advertisement through social media by posting how to manage financial stability and the benefits of investing money in most respectable and reliable financial institutions, stock markets and the like. All of us can educate them, like a mother to her sons and daughters, that they should spend wisely and would buy the things that is needed rather than wanted.
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