The lack of financial education - page 21.

Natsuu

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Quote from: merlyn22 on February 08, 2018, 11:36:22 PM

Quote from: sister1001 on January 26, 2018, 08:25:20 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?

there are certain courses that teach youth about financial. we cannot oblige the government to teach bitcoins or any crypto because we all know that not all country support or adopting bitcoins. personally i can say that learning about these begin in ourself. honestly on my own i learn about these things thru internet. and to your questions "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?" lets just say create a video that the youth will catch their attentions. we cannot force them

I know how you feel, but we are just talking about financial education not bitcoin education. Even though we are lacking finacnial education we just need to be strategic. It is possible that the government to teach bitcoin but it depends on wich country you from. Like china the government ban some activities from bitcoin but now their government is encouraging the people from china to make their own blockchain.

destroyer01

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Financial education makes a real difference by equipping young people students and non-students alike with the skills, knowledge and confidence they need to make financial decisions. What is more, financial education must go far beyond APRs and exchange rates. We need tomorrow's generation of young consumers to be able to make critical purchasing decisions, weigh up risk and reward, and understand how personal finances affect other areas of their lives. These are skills all young people need to possess in order maximise their life opportunities

BitcoinCommodor

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Quote from: Bonakid on February 05, 2018, 08:03:51 AM

Lack of financial education is my big problem when I was in college ,but I was determined to finish it I try other part time job just to finish my studies and now I am working in crypto.My knowledge for being a bachelor's graduate help me to understand cryptocurrency and gain more ideas about it.But when we want to achieve our dreams graduate or not atleast we are determined to reach our goals.

The lack of financial education can be a huge barrier especially when we have to deal with the currency related business. Having knowledge about the cryptocurrency and then investing in it will be leading us towards much more benefit than just blindly investing having no prior knowledge about crytocurriencies. Education broadens up our mind no matter what field we are in, in finance education we will be exploring new ideas and techniques that will ultimately be helping us in our business.

tapercha

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Compounding the problems associated with financial illiteracy, it appears financial decision-making is also getting more onerous for consumers. Five trends are converging that demonstrate the importance for making thoughtful and informed decisions about finances.

zngit

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Actually being an educated seems hard for almost everyone. When we talk about number more people doesn't like it. They feel bored and annoyed to numbers. Economic is numbers thats why people didn't like it. Maybe in terms of farming, agriculture, and business more people will like it.

Sled

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Quote from: merlyn22 on February 08, 2018, 11:36:22 PM

Quote from: sister1001 on January 26, 2018, 08:25:20 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?

there are certain courses that teach youth about financial. we cannot oblige the government to teach bitcoins or any crypto because we all know that not all country support or adopting bitcoins. personally i can say that learning about these begin in ourself. honestly on my own i learn about these things thru internet. and to your questions "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?" lets just say create a video that the youth will catch their attentions. we cannot force them

I agree to what you said and i think that it really depends on the person if they have eagerness to learn because if they do then it will be a good thing for them to just do a lot of research using the internet because in the internet, everything is almost there and you just need to type and do some click then you will have your answer that will help you to make yourself better.

merlyn22

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Quote from: sister1001 on January 26, 2018, 08:25:20 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?

there are certain courses that teach youth about financial. we cannot oblige the government to teach bitcoins or any crypto because we all know that not all country support or adopting bitcoins. personally i can say that learning about these begin in ourself. honestly on my own i learn about these things thru internet. and to your questions "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?" lets just say create a video that the youth will catch their attentions. we cannot force them

joanshu

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Well you are wrong my dear friend regarding the mortgage about house it is not necessary for everyone to live in a house taken on mortgage and financial education is not something which can be taught or spoon fed by school but there are lot of schools focusing on finance and how to control the cost and budgeting and it is not mandatory for everyone to go and learn from those schools on how to control their finance in fact it is all common sense.Where as bitcoin is concerned if a person want to learn about bitcoins they are lot of ways for him to learn about btc as there are various resources available to teach about bitcoins now there are even schools and universities providing course related bitcoins and crypto currencies.

Bedebah

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True, financial education is usually done from high school so that students are not interested to learn financially, so education about finance starts from an early age so they understand the financial system.

STT

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Quote from: jhamz03 on February 08, 2018, 09:03:43 PM

We cant expect this solutions from the government to educate children about alts and bitcoin because this is not their obligations and responsibility. And government doesn't even endorse bitcoin and alts as a currency or payment of the state. So the only way to educate our children regarding financial education is to motivate their curiosity.

The funny thing recently was watching the recent regulatory hearings and they talked about they how saw Crypto and Bitcoin markets as a positive because it was encouraging young people to take an interest in investment and economic growth, business use and so on. Everyone on this thread should watch some of the video, seems highly relevant.
I was pretty dam surprised they were so positive to be honest:

https://youtu.be/TtsgKAV61dE?t=612

BulbaLord

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For meToday is the best way to teach our children's is using Internet. We don't need to push our children go to school. We can teach them tru Internet. This is the best way for now.

Bitcoinjheta

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Quote from: jhamz03 on February 08, 2018, 09:03:43 PM

We cant expect this solutions from the government to educate children about alts and bitcoin because this is not their obligations and responsibility. And government doesn't even endorse bitcoin and alts as a currency or payment of the state. So the only way to educate our children regarding financial education is to motivate their curiosity.

Well, first of all the government in a country has never been miss out to educate the people and children in respective areas with in a country. In fact they have poured a huge budget for enhancing a better education and improving new technology applied to every schools. But educating to crypto currencies has never be been the subject of government concerned because they are out of control in the economic stability of country.

jhamz03

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We cant expect this solutions from the government to educate children about alts and bitcoin because this is not their obligations and responsibility. And government doesn't even endorse bitcoin and alts as a currency or payment of the state. So the only way to educate our children regarding financial education is to motivate their curiosity.

portotoi

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Blockchain with a Purpose

Quote from: sister1001 on January 26, 2018, 08:25:20 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?

Other schools only teaches other subject not related to financial studies, lucky those who have majored economics, business and other financial related courses because they are in the right track for this crypto currency world. For me, we cannot do with educating youth through schools because the government and school regulators can only do with that. But as a person, maybe I can do a simple thing to educate them about finance and economics by sharing my thoughts and experiences to the social media because this is the most efficient and easy way to get them interested in this.

naidray

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Quote from: burong1 on February 03, 2018, 01:21:16 AM

We all know that education is the very important things that our parents will give us. But in some dillemas, the lack of financial education is one of the hindrances to make it success. Remember that Education is the strong foundation for a very good nation. Even if there's a lack of financial education, you should strive and work hard for your dreams.

If the curriculum limits financial education to a particular set of professions, I guess that is where a lot of people will just need to have business managers or probably just have to go learn it on their own. It is perturbing though as that has really affected the society and a lot of people keep complaining and not knowing that the little knowledge they can get from this can give them financial freedom, but ignorance just as the OP said, is making a lot of people perish and wallow in their poverty.

Sled

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Quote from: yanlap on February 08, 2018, 01:10:55 AM

Quote from: pat4cryptoreal on February 02, 2018, 08:21:42 AM

I know in my country that there is always a subject in every level of education that teaches the children about finance but that alone have not been able to salvage the situation because most of those theories are not applicable in real life situation.

This is really amazing because children can learn fast and actively in schools more accurately and with a lot of interest that in home, if we will teach then such kind of thing in early age then at mature age our children will be aware of all financial things like they will know investment and trading, which is good as now most of people are not financially educated so they are not able to get what we want to teach them about their life.

We will not directly or purely teach the the whole thing because as an older person to the children that we have in our family and society, we should help them by spreading the different kinds of positive effect of having a financial education and why it is very important for them to learn how to do it properly so the as the time comes for them then their mature hood will not become a problem.

yanlap

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Quote from: pat4cryptoreal on February 02, 2018, 08:21:42 AM

I know in my country that there is always a subject in every level of education that teaches the children about finance but that alone have not been able to salvage the situation because most of those theories are not applicable in real life situation.

This is really amazing because children can learn fast and actively in schools more accurately and with a lot of interest that in home, if we will teach then such kind of thing in early age then at mature age our children will be aware of all financial things like they will know investment and trading, which is good as now most of people are not financially educated so they are not able to get what we want to teach them about their life.

Pumapipa

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Quote from: sister1001 on January 26, 2018, 08:25:20 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?

I think the best way for the youth to get interested in financial education is to always expose them as often as possible. I remember a Chinese friend of mine, alongside academic studies, their parents usually trains then on the business side, how to start up and how to make their businesses that is why if you will notice, most of the business tycoons are Chinese. Children as little as their ate should be taught how to handle finances. Start by letting them save some pennies from their weekly allowance. Once they get a hang of it, let them conceptualize a business that they can offer even to their classmates. From there they will learn the value of money.

Anewor

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I think the best thing to do is to let the little children learn at least the basic ideas about budgeting the income inside one's family or home and allow them to plan what are things that are most important to buy during the whole day, week and or month.

Ninmag

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not easy to run the business that we will live.
Running a business is very much in need of very mature thinking or strong enough speculation.
adults will discuss for that matter.
I do not think Children will understand if we dig about the financial world because they are still looking for fun.
Maybe when they grow up they will think about the world of business or financial administration by itself.

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