The lack of financial education - page 22.

DPrillio

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Quote from: bitctrimor1 on February 07, 2018, 09:24:07 AM

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 agree. Unfortunately, that aspect is only open to business courses. Intensive discussion of that topic, even on collegiate level, is not entertained or given importance, especially on courses that don't actually have it under its curriculum. I agree that in this world today, having knowledge in finance is a good thing to help a person be careful and smart in handling his money. The problem with many people today is they spend money more than they can earn, some even spend without virtually the money to back it up. That manner of spending may be changed if kids are educated on how they should handle their finances.

Financial education is good for all people who are running business to track and plan the way points of their money to be more profitable, but in simplest way of living maybe it depends upon the strategy of a persons towards life on how they handle their money to maximize all the assets to fit of what is the daily needs and have some savings for emergency needs.

balintong15

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Investing in a business is too risky. You might fail or become successful. There are times that the qouta can not be reached because of some unfortunate incidents or events that can affect the business. Having knowledgei in the business field can be an asset to you for your own business. Having attitudes towards business can lead you to success. Financial education is so helpful for one person to have the skills on solving problems regarding th business. It is important to have financial education for the success.

pixelbtc

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Quote from: Clement Kaliyar on February 07, 2018, 06:20:00 PM

Quote from: pcdgroup on February 07, 2018, 03:34:23 AM

It is best to have children manage their own money from an early age. When they want something, do not buy them, tell them to learn how to buy the toy,

Are you crazy,if a kid wants a toy you will tell him how to learn to buy a toy,is that what your parents said to you,there are levels in which you implement things to a kid,first and foremost he or she have to understand what you are trying to teach ,making them responsible and aware of things is one thing and asking a kid to think about buying a toy is another. Cheesy

I don't think he's being crazy, mate. Maybe you just misunderstood what he wants to tell us. Of course, if very young child, he or she cannot manage his or her own money without the guidance of their parents. But as time pass by they will learn when they see how their parents manage the money in a proper way. They should be taught how important to manage money and how to manage it so that in the long run they will just do it without asking for any guidance.

Clement Kaliyar

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Quote from: pcdgroup on February 07, 2018, 03:34:23 AM

It is best to have children manage their own money from an early age. When they want something, do not buy them, tell them to learn how to buy the toy,

Are you crazy,if a kid wants a toy you will tell him how to learn to buy a toy,is that what your parents said to you,there are levels in which you implement things to a kid,first and foremost he or she have to understand what you are trying to teach ,making them responsible and aware of things is one thing and asking a kid to think about buying a toy is another. Cheesy

android17

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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?

These financial education should start in their home. While an individual was still young, his/her parents much teach him/her about the proper way of using their money. According to what I have learned, we really need to learn how to save for it is the only thing that we can control while SOURCE of our income and the PRICE of goods can't.

Xester

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Quote from: pcdgroup on February 07, 2018, 03:34:23 AM

It is best to have children manage their own money from an early age. When they want something, do not buy them, tell them to learn how to buy the toy,

Yes but they do not yet have the capacity to buy a toy since they cannot make an income yet. But kidding aside yes, I got your point. It is like to help, do not give them a fish but teach them how to fish. It is better if we teach our children how to value their money and how to spend wisely.

bitctrimor1

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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 agree. Unfortunately, that aspect is only open to business courses. Intensive discussion of that topic, even on collegiate level, is not entertained or given importance, especially on courses that don't actually have it under its curriculum. I agree that in this world today, having knowledge in finance is a good thing to help a person be careful and smart in handling his money. The problem with many people today is they spend money more than they can earn, some even spend without virtually the money to back it up. That manner of spending may be changed if kids are educated on how they should handle their finances.

rickadone

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Quote from: Rrotess on February 03, 2018, 02:59:56 AM

This is the reason why many student can't pursue to continue their studies because of lack of financial.
We all know that finishing studies has an opportunity to find a good job but now thay couldn't finish that one..
But when they have a plan to pursue right now financial stability it's not problem anymore if they joined bitcoin as their earnings.I recommend for all the studend who have eager to study but they can't finish that they joined bitcoin earning as a sideline.Many things happened in bitcoin and we don't know if you given a chance to be a millionaire eventhough youre a student.

Financial education does not have anything to do with pursuing your studies. In fact, that is a huge line of study on its own and if you read what the OP said, he is just utterly concerned that some people are limited to the space they are learning and rather than making financial education and some ways they can help themselves to be wealthy by taking some opportunities, they have little or no knowledge to be able to achieve that. For me, I feel anyone who is serious about life will not have to wait for the government to achieve this but take it up on themselves.

reynilynedago

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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?

Lacking of financial education makes you feel weak. Even the people around you will try to fool you. The best way to do is to study and be more knowledgeable about so that when the time you need it it would be a lot of help to you.

SkustaClee

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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?

It is one of the problems of our society. The government are not focusing to teach financial education on students. I think the government should now change the curriculum of each school and add cryptocurrencies for the students to become aware to our future money.

pcdgroup

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It is best to have children manage their own money from an early age. When they want something, do not buy them, tell them to learn how to buy the toy,

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Quote from: NeverSop on February 06, 2018, 02:37:36 AM

Financial management is a very necessary knowledge in life but almost no student is learning during the course of school except for students in economics schools. Everyday life issues are directly influenced by finances and so most students do not have the basic skills to manage their finances. So, I think that the Ministry of Education should have individual finance management courses so students have the basic knowledge in their personal finance management.

Finance is one of the finest and important area of study but student's are preferring only for Engineering and medical. If the students elects finance as their field of study ample of opportunities are available and also helpful for trading activities and also cryptocurrency. They can also involve in bitcoin forum. Need of the hour now

Kotone

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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?

That’s because I think less people are thinking more about the money that they can receive now more than what they can get in the fiture. As long as they are having their income and getting a stable and steady flow of money from their job then they aren’t worried about the financial and economical sector of their cou try as to them being okay and getting by is living

BitcoinCommodor

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Quote from: geopolisch on February 05, 2018, 02:46:29 AM

Quote from: Dbigfoot102 on February 01, 2018, 09:31:54 AM

It would be hard to teach these topics on a complete scale but on the smallest sense as a form of informal education at home or anywhere as need may arise, maybe that is how we could give some inputs to them at least.

Crypto will be the future of coming time. This must be taught to everyone that how to establish yourself in such environment where you may be having bitcoins everywhere. In food, and shelter, and shopping and grocery, everywhere bitcoins will be accepted and people will be earning much handsome amounts through them. So you better be ready yourself for competition.

Financial education no doubt plays a very key role not only in case of crypto currencies specifically but also in other fields as well. The thing is we will not be having enough of financial education, then it will be very much difficult for us to know the best possible way of dealing the things. This is one of the most important component which we need to learn before thinking of any kind of business.

wuvdoll

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Quote from: Magister Magus on February 04, 2018, 12:22:31 PM

It's not a coincidence that at school you are forced to learn a lot of useless things, but nobody teaches you something about money.
Even in economic school, all what you learn is how to manage other people money, not how to earn them.
The true is that governments prefer to keep people in ignorance about economic themes, so they can't really understand what kind of misuses politicians make of public money.

Lol, that is because if everyone should have the knowledge that some of these rich people have, there may not be a chance to see paupers they can send on an errand anymore. That aside, a lot of people like being spoon fed. Tertiary institutions and what we studied are just some platform to guide us in what we wish to do and be able to do it well.

In real life, there are something’s we just need to know as adults and find a way to be able to get those skills for our own good. Financial education is very paramount in our society, unfortunately, a whole lot of people are so ignorant they need it, let alone want to learn it.

NeverSop

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Financial management is a very necessary knowledge in life but almost no student is learning during the course of school except for students in economics schools. Everyday life issues are directly influenced by finances and so most students do not have the basic skills to manage their finances. So, I think that the Ministry of Education should have individual finance management courses so students have the basic knowledge in their personal finance management.

davinchi

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Quote from: LeroyMxaon on February 05, 2018, 07:46:51 AM

In itself, it is a big problem for those of us who know about investments to learn the new movements of this daily, on the other hand, the lack of education in economics and bitcoin is a big problem for some, especially for those who know even the meaning of a cryptocurrency, this has caused an endless number of conflicting opinions and caused all these refusals to cryptocurrencies in general.

Uhmm… what are you guys really talking about? First, let me ask you guys– what is it that you need in financial education, why do you need it and what do you even want to learn? As long as I’m concerned, you pass through series of studies that has to do with finances and investments in Economics, in high school, so what else do you need for a separate financial education, to learn about mortgages? There are things that are meant for you to know about naturally, and not to be studied, though you might come across them in school on several occasions.

Angi

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It will depend to the people how they accept the things that they shouldn't know why. The student first thing to do is going to school learn about everything in literature, math and science thats the right thing to teach to the children or students if the right time come and they want to learn about financialism it will come and they openmind about that they can learn easily as you expected so dont rush the students to learn about serious problem in life wich is the financialism. Let them enjoy the life in school. The time will come.

ronics

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Depending on which person are perfect in this life the adult are wise to know where ever he is from having this experience. Therefore his financial education is really important because we are all using the financially aspect of our life but people have really a talented making financial analyze for a wit .we are smart in the right attitude and how should everyone use nothing if someone has this decision in life whether everyone needs to gain a lot of thought towards study of the usual way.

Hopeful2017

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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 totally agree on you. The focus of education now is all about appreciation of literacy and social aspects and less and less education on commercialism and financialism. This is something worryful because youth now are more on fun and adventures and apending money rather than thinking of earning and having business. I see many youth in our country who are just after working like a slave than having financial freedom.

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