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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?

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.

Money still needs a compass to navigate in the right direction. The role of financial education is like a foundational cornerstone that serves as a benchmark for one's financial strength. It is a crucial knowledge to ensure that individuals spend their money wisely.

Here are some key points in financial education:

• Set financial goals for yourself.
• Create a detailed budget plan and adhere to it.
• Manage debt effectively to prevent it from becoming a burden.
• Learn about investment options that align with your risk profile.
• Enhance your financial knowledge through attending seminars or reading books.
• Consult with financial experts to receive advice tailored to your situation.

The fact is that education is the mother of financial stability and if your goal is to have financial independence then there is a need to have financial and other basic education and I will say for any individual to be able to act responsibly with his/her financial dealings both in making the money and also in spending it all need some levels of education to succeed in them.

1 million dollars may be an abv amount and can change the financial life of anyone but only those with the knowledge of financial management can utilize that money to make something good out of it.

And that means, it is better to have financial education rather than tons of money.
Because if you don't know what you're doing such big amount will be gone later on.
And if the person is financially educated, even if he doesn't a lot of money, he can survive.
But when the person with 1M $s lost such money, he won't know what to do anymore with his life.
So better equip yourself with financial education as it can help your life no matter what you encounter in life.

There’s nothing that beats having knowledge but I would say knowledge is best acquired through experience. Financial education isn’t something like an engineering or other course that one who does goes to college to study wouldn’t have a glimpse of it. The issue with the type of people you mentioned that loses their money is not lack of financial education but they choose to squander it.

With the one million some who has all before then been thinking of how to expand himself will judiciously use that money properly. The only thing that could turn that money into flames is when you invest in total into a business you don’t have any idea of. But with the money I would set up a business with little capital and then learn gradually as I gain experience

Your thinking pattern shows that you already have financial intelligence. A man that lacks financial education will never think of learning about investment. His only aim is to lavish money on luxuries and unnecessary wants. Some of these opportunists invest in projects they know nothing about because they were told maybe by friends that it will be profitable. Financial education is the ability to do your research, seek financial details, and learn the operations of a business before investing.

I hope your idea of education is not limited to attending conventional schools. The informal education sector is a standard financial intelligence learning institution. This is because I have seen great businessmen without basic education. They learned financial education through mentorship, apprenticeship, and observation. A particular tribe in my country controls the business sector but most of them don't have formal education. These so-called illiterates have the best financial education due to years of serving successful businessmen as apprentices.

Not gonna be the dumbass who thinks he can make the 1 million bucks after learning how to be financially smart. I'd take the 1 million dollars, and learn my way into becoming financially-educated along the way. I'm not gonna spend a dime from that money, as I am on a full-time pay and would like to make sure that every single penny from that pile will be spent good and saved great.

As for lottery winners who find themselves burning through their prize winnings without anything left after, I'd say it's not only because of the financial illiteracy but also because they are blind-sided by the sheer amount of money they just won, at least up to a certain level where they think this money they won will never go away. Hence they spend lavishly, they buy things that aren't needed, they treat people that don't even deserve a seat at their table, and they lose the money in the process.

You made a very good point here,  but you need to understand what not many people think this way, most people don't know that the most successful people in life pays more for knowledge before even engaging their funds.

Even in the award winning book title Rich Dad poor dad, the author was spot on, because he knew the concept of financial education, he knew that formal education alone can't take him out of the rat race, so he devote more of his time after school in learning financial education from his friends dad, which is the rich dad.

You can learn financial education while sitting on one million dollars which will go a long way if you eek it out. There are plenty of people who smartened up when it came to finances after running into big sums of money. If you have a million dollars, there are lots of very reliable places (like the biggest banks on wallstreet) that will pay you $50k a year just to hold your money while you learn about stocks, bonds and investing. One million dollars can mean vastly different things depending on where you live, in San Francisco it might buy you a small apartment, in the countryside of Chile it could buy you a palatial mansion with massive grounds, so location is key to this question as well.

It's not very obvious that a lot of these happens in our world. There are those that would be given that money and they would know just how to engage it and make the money work for them. Still, there are those that would be given a whole some and they won't be able to make anything out of it. This is as old as man himself as far as history goes.
Money not invested is wasted money. Yeah, money finishes and if you ain't getting some regular income even not in regular amounts, your gradually getting bankedrupt and it only tells when your close to your least.

Money management is a must known for those who hope to make the most put of the little or much they have.

Does depend because not all people who dont have able to step into college or having that proper education do always end up on demise because there are ones who do have that kind of realistic approach on things in life or simply that being aware on how reality works despite of lacking some educational background. This is why it isnt really that right on making up some conclusions because we cant really tell
on what would things happen ahead.There are people who are really that good on handling out their finances despite of lacking some financial background on something.

We know that these things arent really that hard to learn up as long you do have the money and you do have the resources.It is really just a matter of choice whether you would really like to learn
or would really be just making yourself play dumb and want to spend just like a mad man and minding that you do have lots of money and it wont be something that it would be easy
to go zero until you would really be realizing that all of those amounts been spent and gone and now you would be that poor again.

In many parts of the world, people cannot even earn a million dollars in their lifetime. But I agree that it is very difficult for someone to have financial stability without education. Not all because I also heard stories of success from people with limited educational backgrounds but they are only a few of the millions or maybe billions of poor people around the world. That is how important education is, especially financial education.

That being said if I were to leave a million dollars to my child or provide him a full education up to college, I will choose the latter. I don't mind my child not becoming a millionaire in dollars in the future for as long as it can take to go to school and then go to college with his own preference based on his skills and interests.

Actually you are of good point concerning educating your offsprings or children of financial management,  do you know that some children who has someone that render a good financial management advice to them doesn't take it serious, the things I know very well is that any child that is destined to be successful in life will definitely be successful because of the carrier it chose to be like, in the aspect of parental advice concerning financial management not all the children of rich person wants to be rich, so this is applicable to gospel preachers who their biological children deviate from what was expected them to be, many of them become wayward because of they find themselves in a golden environment, so that make many prominent people today they children lack the knowledge of management from my perspective.

I do.

It's like this, give someone who's not financially educated a million dollars and he might just lose that within less than a year.

While you don't give nothing to a financial educated person and he might reach that goal in no time. And that's because he's knowledgeable and aware on how to make his finances well including increasing his source of income.

education is very important in every aspect of life, everyone goes blind if they don't have good knowledge of something, besides that not everyone who has good financial education will become rich and those who have 1 million dollars will become poor without financial education....for example, the lottery winner becomes poor because his lifestyle increased in 1 night which caused him to run out of all his winning money so in this case lifestyle ^{(lifestyle, it is something that everyone must pay attention to)} also greatly affects a person being rich or poor.  

Exactly, this money can be lost completely if one does not have financial education to guide him/her through the process. There are people who swear to their lives that they can handle large sums of money or that acquiring it will lift them out of poverty for the rest of their lives, but this is not always the case because some lack financial education and squander the money on things they don't need just to impress the masses.

I don't need any additional financial knowledge to be able to advise myself on how to spend a million dollars. I'll invest it wisely in a profitable business and take further financial management classes if necessary to learn how to double my earnings over time once the investment has started off.

You don't need to have one or the other. If you are giving huge amounts to your kids you could just give them to a trustee with a necessary skills. Someone who could oversee that your kids get the education before and weekly allowance before they can get their hands on real money.

Financial education itself doesn't guarantee you a future. People can be erratic and things like unmedicated ADHD or Bipolar disorder can make you lose everything you have, no matter how educated or smart you are.

I see this as an imagination or a total fabricated lies which is caused by the lack of proper understanding of the word Finaance and Education. Financial education doesn't stop some one from going bankruptcy and lack of financial education doesn't stop anyone from becoming successful because I have seen a lot of people who have had the opportunity to attain some level of financial education yet they still struggle to be successful in terms of their business and company but on the other hand someone who has no financial education has been able to be successful because he's able to do his business with diligence and accountability.

Some reasons why most people who were lucky to be lottery winners go back to square one as said by the Op is their greed and addiction to gambling, and to rich kids, they always fail to make use of their inheritance properly because they never worked for it and because they never worked to make the money they will always want to waste the money because it didn't cost them anything to make it not because they lack financial education.

That's true people spend a fortune to get the right education for their children, education is everything it's a lifetime fortune, and being financially educated also means you have graduated and had a stable job.


Not handling your fortune properly is the worst that can happen to you, you have no control over your spending and you basically get the things you want, financially educated is all about keeping what you have and growing it, it's getting the things you need and controlling what you want


$1 million is small for the financially educated and they know if they will not spend, save or invest it properly it will soon get out of their hands, and it is too big for the uneducated because they think its a lot of money and they can spend more than what they need.

People lose their wealth not because of lack of financial education, but because they don't have any common sense. You don't need to study to understand that if you spend more than you earn, you will become broke. People who have unsustainable spending habits just don't have basic self-control.

But I would say 1M is better than financial education, because financial education won't teach you how to make 1M, it can only teach you how to preserve it and grow it, but it won't help you get from zero to hero.

seriously, you can have 1 million dollars and self studying financial education if you're conscious enough, the thing with the people you mentioned aren't really self conscious that they just thought it's good ignoring financial education but generally most normal people would outright find how to manage their finance the second they got their hands on 1 million dollars, probably investing it.
like many have said, it's self restraint that is of essential, even if you have best financial education in the world, whats the use if you couldn't restrain yourself from getting all the things you have dreamed of within a night which also means spending all the money you got within a night, a theory become futile when there's no real implementation.

Investment capital may not always be in the form of a financial investment. Investing in knowledge can be of equal value. Especially if we value the effort invested in learning as an investment.
Investment in knowledge is an investment in yourself that can help you realize your goals and lead a more luxurious life. So, i advice you don't underestimate the power of investing in knowledge ; it's a valuable asset that can yield huge returns that you may not expect it very well by now. It's a renewable resource that can be continually improved by time and would represent a lifetime treasury.

Yes, just like what my parents have told me that they may be no treasure that I'll inherit from them. But they can give me the education that I can treasure forever and this is also including financial knowledge and money management.

True, they've got no idea how they'll retain that wealth they've obtained and this is also making people believe that if you haven't worked hard for the money you've got, it will also be spent easily.

I agree. We're all striving to reach that goal and the thing here is, even if we're financially educated, we're keeping up with this goal but we don't know how long will it take us to be there. But anyway, we're all aware of our expenditures and that's still making us educated financially on that matter.

That is true financial education is very important to anyone of us because with the right thinking and discipline, we will be able to manage our finances really well. If you lack of financial education what ever the amount we have big or small it would end up nothing. I had known some rich people who born rich because of their parents but their goal is to spend all the money they have and did not even think of what the future will brings, now they ended up broke they have to sell all their properties and even bubble their debts on different banks. Financial education would really help us to manage our funds and do not spend too much on things that we do not need.

Financial education increases along with the greater the wealth that is managed, a person must really have a real wealth value to know how many challenges must be faced in each variation in the number of wealth. I wouldn't say that someone with a low net worth score doesn't have a financial education base, only that it's their level of experience.
Not a few millionaires who fell bankrupt instantly despite years of maintaining good wealth. To learn new financial lessons, you sometimes have to pay dearly.

The truth is that financial education isn't as complicated as it seems. You don't even have to be taught with it. It seems to me you only have to be properly exposed to how your parents manage your finances well and you will do good. If both of your parents are wise spenders and don't squander money on useless things, and they're both good on you, and their financial discipline has so much impact on your life, you will be as good as them when you grow up.

Here in my country there are Chinese people who have been doing good business generation after generation. Obviously, financial management is in their blood. They're disciplined when it comes to money and business. Business is their culture, their second nature. I doubt all of them finished business or finance-related courses in the best universities. It's probably just that starting at a very early age, they're already shown how to properly handle money.

For Fun only I think most of the member here would take the 1 Million dollar including me since people who got here mostly know the risk and basic of investment or still learning about investing.

1 Million dollars is a lot of money If I had to choose between financial education or 1 mio like I said before I would definitely take the 1 Mio put on the mutual fund and some of blue chip stock or buy and ETF with a dividend stock in it. Buy a couple of house and a land in a strategic location in a country like Indonesia and rent it out and stay active on crypto industry and voila

Congratulation you have already made a passive income strategy.

but that is just story the reality is

Indeed, it is almost impossible for a financially educated child to have a financial deficiency in life, but that does not mean that this deficiency cannot happen to the child. Because of his negligence and carelessness he can also be the cause of financial deficiencies in his life even though his father has repeatedly taught him about it.

I have never questioned this, because I already know that anything that is not taken care of properly, will always have bad results in the future. I will not set an example for lottery or lottery winners in this case, but I prefer to see and set an example for a child who receives an inheritance but in the end he also falls into poverty because he is unable to manage inheritance well in his life. And maybe all he's thinking about is spending what he already has without thinking about how I can get more income through the capital inherited from his parents.

Yes, 1 million dollars is very enough capital to make a business in life and I also believe that that much capital can be managed properly will provide better income, but on the other hand if it is not managed properly and correctly, everything will run out without any residue . So this all depends on the education and mindset that a person receives in his life, either from his own father or from other people where he studied.

     -  I have seen and watched many people like that on television who went from being poor to suddenly rich because of winning the lottery but later returned to being poor because of the lack of proper money management as you say.

Then to be practical, of course I will choose the 1M$ and then I will invest most of it in business apart from house and land and cars, real estate, and livestock and stock market, and for bitcoin as well, so that the money will grow even more.

Yes financial education should be taugh in schools, especially in high school before you are an adult and start to get loans. There are some loans which are fine like mortgages. But way too many people are getting into huge credit card debt, auto loan debt and they becomes slaves to the debt.

It’s very easy to fall into this hole. You get some unexpected expense and don’t pay off the credit card, then you are charged interest. Then if you lose your job it gets worse. And eventually you need to declare bankruptcy.

Stupid question, similar like a question to choose one million dollars or marry the third person on your Instagram.

Someone who have a good understanding about financial education can't become rich or make money if they're not working and only focus to learn the theory. To become rich you need to have both of them, financial education and how to make money.

Silly question op. Who in their right mind wouldn't choose 1 million bucks? It's a life changing amount for many, many people which is why it's an easy call. I would take the money and use it in a wise manner.

Financial education helps for sure, but money is just money at the end of the day. Think!

That's going to be an easy answer. You got to do so much less compared to having an education or something. You can just invest it into a business and hire someone who knows it as well and make sure that you have the right people working for you then that's it. It's definitely ideal to know the whole business, but you can learn it as you go along the way.

Definitely $1M is life-changing money and there's no thinking else about it.

No knowledge is lost; it's true that one who is not aware and misinformed is likely to miss great opportunities. In today's world, academic education is not the only thing one needs to learn; financial management is another thing that needs major attention. Without financial education or any form of financial knowledge, one is bound to only survive on luck.

A million dollars is tempting, which almost every one will want to choose over financial education, but the truth is that every point in time has exactly what it needs to solve that moment's problem, so when a million dollars come to the table, I will be among those who will go for the funds first. It's when you have money at hand that's when you will start thinking on how to make good use of the money. If your brain can't be productive enough, that's where financial management experts come in. With a million dollars, one can actually acquire any kind of knowledge they need. To answer your question, I will take the 1 million dollars.

Lol I wish someone can give me this offer in real life, it will be very stupid not to go for the 1 million dollars, that's enough to send 4 people including myself back to school and get the good degrees and still have a lot of money for long term investment, I do have a long term dream of making a million dollars someday either through crypto investment or my other business, do you think this is possible? People make millions of dollars from shiba inu, a meme coin for that matter, I will do the same and I hope I get lucky, though I am not going to invest in meme coins, there are other good projects that I can invest money on right now.

Well, I guess I just answered the question based on the level of financial education I have already, and perhaps everyone doesn't think alike, as @Die_empty has said, some people will want to use the money to spend lavishly without even having a thought of investing or acquiring financial education.

But there's always a proverb my people would always say: "Whoever has tasted poverty will know how to manage any little money they get." Some people have really suffered poverty, and at the moment, if they see such an offer, they will definitely go for the money and then tend to improve their knowledge on how to manage the money, but not everyone can still think that way. Even if they have suffered poverty, the moment they get any money, they will just lavish it because they totally lack financial education.

But either way, both offers are very important: give some financial education and they will know how to generate income, expand it, and make it sustainable; give some who are already educated about financial handling and they will still manage the money well.


You are right, though. I find what you are saying quite interesting. Mostly, the aspect of making mistakes in their investment, as per a friend misleading them to invest in some sort of ponzi scheme or unreputable platform that can make them lose their money.

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It was just like in a movie I watched, where the writer was just trying to express how two rich kid had different characters towards financial management despite the fact that they both came from rich homes.

These two different guys were living like gangsters in the street until their dad's death before they returned home, coming to seek inheritance, but it happened that their dad had willed everything to the motherless baby home (although not as if their fathers willed everything entirely). So they got angry and left, and that's when poverty totally struck them down. They were suffering until one of them realized that his dad still left a lot of money for him, so he began to read every business and investment book he could gather. It happened so fast that he started his little business and got to acquire all the inheritance his dad still left for him. When he took the money, his friend misled him into investing with a bad company that ran away with his money, but fortunately, he only invested a little with them. He used the money left with him to excel and became more wealthy than his dad. For the other guy, he suffered until he also found out that his dad still left a whole lot of inheritance for him, both houses and money. He took everything, sold the houses, and lived a lauxry lifestyle until he spent every damn thing he inherited.
Why I'm telling this story is because every person has a different sense of reasoning, and they will act differently if they collect that money.

Having financial education doesn't guarantee your success in business. If you are successful doesn't mean that you are the best in that area of business,it is because you are doing the right business which you are to excel on. Why do we go into business, is to make money to live a better life. And now you have been given the money which you want to go and look for,you are saying that you will prefer to get financial education first, so that you can start suffering from the scratch before you can become successful. What if you have started your small business and its trying to survive,and there is a change of government policy that didn't suit your business to grow and your business fails. C'mon $1M is enough for you to start up a business and never get broke for the rest of your life. If I was that person, I will take the $1M and forget about financial education. I will use $800k to invest in bitcoin and relax for four years and let's see how much my profit will be. And that person that has chosen financial education and started from the scratch,he will never make the kind if profit that I will get from my bitcoin investment in 20yrs time from his financial knowledge with no capital to start up something big. Our being successful in life depends on our decisions and understanding on every step that we take in life.

Yes, indeed, many of us bury our talents without daring to open up. Namely, not everyone can declare themselves and their ideas, which could serve as reliable support in life if these ideas are supplemented with finances. Someone says that he is poor and will never be able to become successful since his whole family has never lived well. Another, having a million, will be sure that such an amount will always accompany him through life since his parents are rich. But there are people among us who, from childhood, have a financial streak, a tendency to correctly determine the right steps, and always strive to increase this knowledge.
Such people, regardless of their starting position—being poor or rich in their youth—regularly study all the subtleties of financial secrets, which leads them to stability in the future.

The fact that many of these occur in our reality is not very clear. There are those who, if given the money, would know exactly how to use it and make it work for them. However, other people will be given a whole lot and won't be able to do anything with it. As far as history goes, this is as old as man himself.
Uninvested money is squandered money. Money runs out, and if you aren't earning any regular income, even in small quantities, you will eventually go bankrupt. This will only become apparent when you are approaching close to your breaking point.

Not practical to select financial education since at the end of the day once you finish that schooling you don't have anything and will strive to earn that amount and its almost impossible to earn that in span of 1 year especially when you are starting up. Much wiser choice is to pick that 1 million dollars then use it to have knowledge on finance or businesses so that you can generate more income coming from that amount given.

yes I agree for that and experience will teach many things when we already have money.
financial education does not guarantee that we can get 1M and the loss is not obtained because of a lack of education but all because of ourselves.
our character has been formed and that is apart from money, if our character is bad even though we have received financial education it is not certain that we can manage money wisely.

Definitely, I would choose to be financially educated because no matter how much money you have, if you don't know how to manage it, you can still end up with nothing. I have heard numerous stories about people who won the lottery but, after a few years, returned to their usual lives because they were unable to manage their funds effectively.

When you have a lot of money, it is easy to get tempted, especially if you are a gambler. However, that is the quickest way to lose your money if you lack discipline. On the other hand, there are individuals who started from scratch and became millionaires through their efforts. Even if they face financial setbacks, they can recover and regain their millionaire status because they possess the knowledge and skills to navigate the game, unlike someone who simply stumbled upon wealth without the necessary understanding of how to grow their money.

Let's be honest. If someone would ask you to choose among the two, majority would probably choose 1million dollars cause who would waste that amount of money right? We can get financial education after, but the that $1M is like a one in a million opportunity. But what's great about having financial education is it's for lifetime. Once you're financially literate and educated, you can make use of that knowledge whenever you need it.

Financial education is very important and I hope this kind of topics should be taught in higher education. A lot of people are struggling with their life because they don't know how to allocate their money properly.

I was build in such a way that I know how to manage my way out of anything, imagine been in possession of a million dollars, that's a lot and I can't even spend all this money before living this world, I am very contented with whatever I have and 1 million dollars is way too much for me, half a million is more than enough, things are hard in my country that's for sure but expenses are not like those living in other countries, with 100$ per month I will survive and live a ease life with my family.

I started from nobody to somebody and I used to save a lot, I started crypto as a airdrop and faucet hunter and I did this for years until I started making 30$ to 100$ from airdrops, this is who I am, so I don't need a lot to survive and not just to survive but to lead a good life too.

The choice could not have been wiser, LOL. I would also choose 1 million dollars, and for that money, it would be much easier to get financial knowledge if we did the opposite. Having solid financial knowledge but no capital starts with empty hands, and what will guarantee that we won't give up halfway? Moreover, for those who have solid financial knowledge or are already experts, how many people have already made millions of dollars? For this type of question, I don't believe someone would choose financial education and ignore $1 million :D :D .

That's because a lottery winner is surprised by the big win he gets so he is unprepared and confused about using the winning money and in the end, they instead use it for a spree and buy things they don't really need. It also happens to rich children who receive an inheritance from their parents but are not prepared to know how to use their inheritance properly so that all their money will be used up without the remainder.

I don't think teaching children about finances takes 1 million dollars. Parents can teach him through the smallest things until they really understand how. And when they finally manage to get a lot of money quickly, they can use it well and even grow it bigger.

Financial education is something people usually want in order to earn a lot of money, and no financial education guarantees getting $1 million. However, the argument about losing the money without the education is also relevant. If I got to choose, I'd choose the latter, but only because I feel like I'm financially educated enough to start managing the money and because I can self-educate once I get the money.
And the money is absolutely life-changing, even though being rich isn't among my life goals. It's truly enough for many things in life.

That's right, one million rupiah is not a small nominal, but if we can't manage it well, it's the same as zero, how much money do we have, if we can't manage it well, it's only temporary happiness.

A million dollars is no small amount, and this is a superfluous question. Even if you ask financial experts, and financial advisors, will they choose 1 million or continue pursuing their financial career? I bet all would choose money over anything. You should remember that what is our ultimate goal. We go to school, work, invest...Do we want to make much money? So why not choose money and then you will have all you want because money can buy everything in today's world.

That's really a question I was also asking before I reached my conclusion concerning the OP's topic. There are people who have financial knowledge, a very good one at that, and they can even educate others, but they themselves have not made a million dollars.

Normally, gaining financial education would make one more exposed to ideas on how to make money, how to grow wealth, how to diversify investments, and how to make more money, but another thing is that not everyone will be that patient or go through the initial stage of acquiring wealth; not all will finish the race, and it is not guaranteed that they might not stop half way.

You can't speak for everybody. Obviously, there are still people who will chose financial education.

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I know that even at my stage, I still need more financial education, but if I receive an offer that is close to OPs, then I will just take the money and learn other financial education courses that I am lacking.

Personally, I have observed numerous instances where children from wealthy families have squandered their inheritance due to a lack of understanding about how to effectively manage their newfound wealth. In addition, their negative attitudes and reckless behavior have only served to exacerbate the situation, resulting in their fortunes dwindling far sooner than anticipated. It is indeed a precarious situation when someone possesses a million dollars and the knowledge and skills to multiply it further. Those fortunate individuals who possess both elements simultaneously can be considered exceptionally lucky.

Interestingly, it is often said that the journey to making one's first million is the most challenging endeavor to accomplish. This statement reflects the significant hurdles and obstacles one must overcome in order to reach such a substantial financial milestone. Achieving this feat requires perseverance, strategic thinking, and a deep understanding of financial principles.

However, it is important to note that while accumulating wealth can be a worthwhile goal, it should not overshadow the importance of personal growth, well-being, and the pursuit of happiness. True prosperity encompasses more than just financial success and involves finding a balance in all aspects of life.

In conclusion, managing and growing wealth effectively requires not only the acquisition of substantial financial resources but also the wisdom, knowledge, and responsibility to make sound decisions. Striking a harmonious equilibrium between wealth and personal development is the key to long-term success and fulfillment.

A large sum of money? Who needs it if it can vanish into thin air like a Houdini rabbit? What about the lucky winners you mentioned? A casino owner or con artist with shady intentions undoubtedly benefited from their money. Isn't it a great laugh?

Here's a twist, though. What if we infused the curriculum with financial education? That's just right! Instead of struggling with the Pythagorean theorem, today's youth are solving the mysteries of finance, taxes, and retirement. Radical? Possibly. But imagine if you could teach an entire generation to be frugal such that they wouldn't waste a lotto victory. That's an interesting idea!

I agree, of course people would pick 1 million dollars as they already know and have already background when it comes to how to make their money grow in many different ways. If people lack of knowledge those 1 million dollars could still lose in just years if not used in a proper way like more on spending than investing. You could still attain some knowledge if you're already rich since there's no late knowledge since everyday we have the chance to learn.

In my opinion, $1,000,000 is more valuable than a financial education. 

A lot of people who have received a very good financial education do not have their own business and do not even invest.  Graduates of prestigious financial universities work as chief accountants and financiers as employees in someone else's business. 

A good financial education does not guarantee wealth.  An IT specialist, engineer, chemist, biologist and oilman is even more likely to get rich than a financier. 

At the same time, if you start from scratch, then in my opinion, it is easier to get a financial education than to earn 1,000,000 US dollars.

I will prefer 1 million, will work on the very famous strategy called "Fuck Around And Find Out" and whatever works for me, will invest in that.
Also, buying some Bitcoins out of that $1m will be really awesome idea I would say.

https://i1.sndcdn.com/artworks-P6zjqIlw3DgAyJyP-CQSIFA-t500x500.jpg

As a financial advisor by trade, I have my father to thank who taught me about finance from very early on. He instilled in me basic financial principles such as saving money, investing, keeping a budget, living within your means etc. He also taught me about stocks from very early on. I remember thinking to myself “I’ll never be able to understand the stock market fully, it’s so confusing” but he helped me to understand and now I’m a financial advisor, which makes me laugh as I now fully understand.

That said, financial education absolutely does not guarantee financial stability what so ever. So saying it’s nearly impossible, is just not true. I know plenty of financially educated individuals whom are poor savers and investors and are completely unstable financially.

Even if we are knowledgeable and educated about finances, we may still struggle to put it to use. Not simply something we should know, but something we should practice and make a habit of, is good financial management. Because I could still handle my money properly even if I received a large sum of money, if given the option, I would prefer one million dollars over financial literacy. If we don't have money or are having financial difficulties, it will be difficult to apply financial literacy but if we have enough, we will be able to apply all the financial management knowledge that we have.
I would be practical and grab that huge sum of money and be sure to manage it wisely because being financially knowledgeable won't actually make you rich.

Money alone can't do everything. If an uneducated person gets $1M, he won't be able to use it properly. But when an educated person gets $1M he will know the proper use of it due to which he can use this money to lead his life very well and invest in potential areas to be more profitable.  So besides money, financial education is also necessary for every person.

The amount doesn't matter because even if an uneducated fellow is given one billion dollars he will still become poor with time since he will not have the financial knowledge to take the right decision on his finances, this is because while a financially educated fellow is calculating how to invest the money and the uneducated fellow will only think of spending the money buying things that do not have any real long term value, with profits yielding potential.


So knowledge is indeed power, and before anyone makes any decision that could yield good results there is a need to attain some level of education in that direction.

Well honestly financial education is very important and obviously very useful, I believe it should be like something everyone should aspire to have especially when they deal with financial system, investment, business and just wanting financial growth.
Having a good financial education has helped many progress in life and has used the knowledge they have gotten to actually build a substantial wealth for themselves for an average person who has limited Capital at their disposal it's best to have a good financial education.

But in this case you are comparing $1 million with financial education, well it's depends on the individual, I would choose $1 million to financial education, first you gave to understand Capital is key, when you have good capital you have a higher chance of succeeding, you can even employ experts to handle so tasks you have no knowledge about, if you aren't the wasteful type I think you can make good for yourself.

Financial education plays an important role in achieving success and maintaining stability. So if you don't know how to hold it, you will be in a bad situation when it comes to making decisions or managing expenses for investments and day-to-day expenses. Of course, $1 million may seem like a lot of money to many people, but that doesn't mean it will stay in your account forever. Therefore, it is necessary to upgrade the skills and mindset for financial management. Besides, additional knowledge related to finance. That way you will be able to build lasting wealth.

I agree, one million dollars may seem like a lot of money which could even last you a lifetime if you know how to manage it and if the place where you live is on the cheap side, but that is the problem in this particular example, as the person receiving that money will not know how to do this, so they will spend their money in all kind of stuff they do not need and soon they will find themselves facing all kind off financial trouble precisely because they did not knew how to manage their money, so without a doubt I prefer the financial education over the money.

Well, if you give an imbecile 1 million dollars, you cannot really expect him to use it as a jumping board into higher riches, can you? He will simply see it as a coupon for material wealth, and he will spend it on a car, a house, jewelry, expensive clothes and so on... Of course it will not last him for a long time because he does not have the long term mindset in the first place.

You do not have to be financially educated to know that you can make more money by investing your current money into the right places. You do not even need to do any research. Just take a look at the top 10 stocks and invest in those. Personally, I would put it most of it into Bitcoin. But to each his own. :P

On someone who do came from unfortunate way of live or simply being poor for the rest of his life and on the time when he/she received that amount suddenly then its right that he would definitely be spending it

up on buying up a car or a house or whatever he do have in mind as long his budget or money would really fit out and wouldn't really be minding about future stuff and would  really be having those good plans on how to make it use on a wise way or something that would really be that making it last long via investment. It would really be unlikely to happen unless if there would be some sort of financial advisor whether a professional or one of your loved ones would be giving out such advise on how you should gonna spend money but somewhat it would really be depending since not all would really be listening on that particular time or moment when you do able to held that huge money.

This is the main difference of those people who do have educational background on which you are pretty aware on how to make things more sustainable if ever you would be given up some money.
Even myself would definitely be minding on how to make it last long and sustaining.

Education alone is not sufficient. You need to be very hard-working and also lucky to become a millionaire. I know lots of people with great education, degrees etc who would make very poor entrepreneurs. And equally many people with only school of life behind their backs who are great businessman and are very well-off. And even if you're hard-working and lucky you're not guaranteed to earn 1 million. So I'd choose 1 million it's a no-brainer.  8)

Come to look at on different stories from those lottery winners who had been spending up their money or winnings like a mad man on which they do point and buy like this and like that without having control.

They would be having in mind that they have lots or tons of money which they could spend on and not something that would really be that totally be spend out all, until the day come on where they dont have any money from their pockets or bank accounts and this is where they would be starting that they should be needing to save up. Yes, you did able to buy lots of houses or cars or whatever liabilities that you have purchased earlier but the question is, how you would be able to maintain them if you dont have that sufficient funding or support after all the years to come? For sure those properties and things
would really be ending up on getting in sale just because you cant maintain them and this is where realization happens that you should have make use of those money on a wise way but well
its already that late.

Financial education is very important else how will one use 1million dollar to the greatest advantage?
Many of us went to universities and still don't know how to make reasonable investment that would yield double profits. Giving some of us this huge amount is just like handing us a credit card or giving us license to enjoy to maximum.
Financial education should be taught and introduced to younger age bracket range from seven at least. So as it becomes a second nature to the leaders of tomorrow.

If you had said learn a skill or take a million dollars I would have picked to learn a skill but in this case I would choose $1000000 over financial education assuming  that I am already financially educated. Even if I will not I will still pick a million dollars considering my introverted personality. With a million dollars I can set up a small business and hire someone to manage it for me why I on the understudy the person. Think of it as using a bullet to kill two birds.  On one hand I am building a business on the other hand I am learning financial education,  responsibility, and accountability from someone experienced.

To be honest, I would absolutely take 1 million dollars and then invest some of them in financial education. In fact, money without knowledge is definitely worthless. It is actually necessary to invest in yourself by feeding your mind with education otherwise you won’t succeed in any business or field you are interested in. Moreover, being competent  in financial management could help you in order to take a shortcut way to achieve your business goals and reach financial stability. Also, digital marketing is essential nowadays but unfortunately there is a plenty of entrepreneurs who don’t give a value to it, you need to build attention to entice clients or customers , if your project is not widespread and seen in internet , you would definitely face troubles

Actually in this case I think it's not an option because both are still very important.
I might look for other options by trying to get to that. The reason is quite clear when we have education but don't have money this is also difficult, but on the other hand when we have money without education and knowledge of financial management this will also not last long.

If we choose one, for example, in this case we choose money for the reason that it can be used as part of education, it seems very capable, but when we have received money, is there a guarantee that we will remember about it. I don't think everyone will do that. On the other hand, when we direct ourselves to financial education, it will also be a little complicated because not everyone who understands will be successful and successful there, because regardless of what is used, it is only about theory and theory, not any practice.

Pretty simple question. I'll definitely take the $1 million and I don't have much of a financial education. Why? simple, if I have the $1 million I'd keep it and plan for a business field that I'm most interested in and then study about finance and how to handle business effectively. Isn't it more effective when you are hands on with your business while your learning the steps gradually? You'll probably see more of the negative and positive sides of business than just being in school. It's like enrolling in a driving school but without an actual car that you can have for practice everyday. There's a huge difference between listening and actual learning. If you are listening while you have an actual learning, your mind will be broad to understand every single aspect of business.

I see that the two things are related to each other, meaning that you need financial education in order to better manage your money, but at the same time you need money in order to be able to manage it and start your project.

If you do not have money to start your project, you will not benefit anything from financial education, and on the other hand, if you have money, but you do not have financial education, then most likely you will waste your money.

But if you are very rich, you can hire some academic financial managers who will manage your money in the best way. ;)

You are basically right about that, but have we ever thought for a moment why this tendency always applies to our children, even though this tendency is prone to occur from offspring whose parents have more financially. Yes. the fruit doesn't fall far from the tree, says the proverb, but in reality, parents now lack time for their families, especially their children.

Yes. Parents' educational orientation varies in terms of education, but remember that the biggest investment that we often forget is our own educational supplies by parents to our children whatever that is. it will be happen as the OP wrote if parents failed to educate their children, let alone 1 million dollars more than that will be wasted though not all at once.


I'm thinking yes, I agree with you about governance and it has a direct effect on our children. because there is a substantial difference between passive and direct learning in the field and of course there must also be assistance, especially for us as parents and this is where the function of coordination, executor and command runs.

$1 million can finish in the blink of an eye but financial education will always remain with you forever unless you get some serious illness that make you forget things that you previously know like a memory loss sickness. I'll choose financial education because with financial education I can make more than the initial $1million price but if I choose $1 million, the money will keep on reducing.

If you have a poor money management mindset, no amount of money will be sufficient for you as you'll waste the money buying unnecessary things that you won't need in the future. Getting $1 million will end you like the lottery winners that ends up with nothing.

Financial education is indeed a valuable asset that can have a profound impact on a person's financial well-being. It equips individuals with the knowledge and skills to make informed decisions, manage their money wisely, and build long-term financial stability.

While winning a million dollars may seem like an incredible opportunity, without the necessary financial literacy, it can be challenging to sustain that wealth in the long run. We often hear stories of lottery winners or individuals who receive a windfall losing their fortunes due to a lack of financial education and poor money management skills.

By prioritizing financial literacy, you empower yourself with the tools to not only make the most of a significant sum like a million dollars but also navigate the complexities of personal finance in general. It allows you to develop a solid foundation and understanding of how to grow and protect your wealth over time.

So, in this context, I believe that choosing financial literacy over a million dollars can be a wise decision because it sets you up for long-term financial success and ensures that you can effectively manage any financial windfall that may come your way.

Financial education, financial knowledge as well as any knowledge are useful in our life. But having knowledge does not mean you will succeed or definitely succeed, it completely depends on how you use it. Financial literacy is not too difficult to achieve, anyone can get it through education, but how much is applied is what matters.

And the ultimate goal of financial education is still money, so I find OP's question superfluous. I don't believe anyone would ignore a million dollars and choose financial education when that knowledge can be easily obtained or you can educate yourself on the internet.

We have the same oppinion and those people who won lotteries (not all) and people who inheret the wealth of their parents that is a spoiled brat lost it all because you cant handle money , meaning if you only know to spend it and doesn't know how to accumulate or earn money from it then it will really gone to you that is why financial education is a must and as you can see those rich people still going to school just to learn more how to handle their money.

Remind me of a old child tricky question: "1 million now, or a penny that doubles each day during next 30 days". Many would choose a million right now, while a penny option is much profitable. Some people might calculate and chose a penny option, but imagine what a trader could do in 30 days if he has a 1 million to spend.

Financial education is preferable imho, but what about the situation, when it will takes an experienced person with financial education years to earn his first million, while other person can multiply that million when first person is still earning it?

You are saying the right thing on how the money will be utilized because you are already educated financially,  think of someone that lack financial literacy, that's when you will know that most adult are like kids you just gave 100dollars to spend, he will just go into the candy shop and start buy what ever he pleases without even thinking about anything else.

Most times they even might decide to invest the money, but they will surely venture into the wrong investment because they lack ideas and financial education.

You mean financial education that might still be useful in 2030, there is a high tendency of been taught financial education that society doesn't need at that particular time, and having it on the brain is as good as not having anything on the head at all, so when there is need for financial knowledge, it is very necessary to have the trend, it is even possible for a successful high profile financial person to give you advice in all you need and may tell you to ignore bitcoin, I will reject that as a wrong piece of education.


I have seen questions like this being asked on the street like choosing between having a dinner with JayZ and meeting or choosing $500k and many people chose $500k, I didn't blame them, even me, I would choose the same because the world is now woke in the sense that people that are not going to school are doing well in business and that is because they understand there environment. Back to your question, even if I am not too educated about finance, I will choose $1m, the money will expose me when I try out my plans, and there high chance to survive from one of my business plans.

I will take 1 billion and then take a financial education course. I'm sure financial education won't be that expensive. I know financial knowledge is very important, but it's not wrong if I have to look for it myself on YouTube, even if I get it for free or learn from my own experience, which I think is more effective. because compared to where it is difficult to get money, 1 billion will be more difficult to obtain than that education. we can set aside part of that one billion to get what business we want with investment and research.

Seriously it takes a lifetime to earn 1 million dollars so if I get an opportunity I will take that and than can go for all types of financial education to make use of that money to grow and invest.
Financial education is very important but still you can't earn this big amount with that too.

The choice is obvious, I think that even with a financial education, not everyone is able to earn such a lot of money. And with 1 million, there will be plenty of opportunities to get an education, and to start your own business, or this money will be enough to live a prosperous life. But in life, everything works the other way around, and in order to achieve something we need knowledge, so first we need to take care of a good education in order to get the necessary knowledge that will help us become rich.

You can learn to get financial education for free because we are lucky to be in this modern era so we can look for lessons about finance to learn for free. And you can use that 1 million dollar to prepare everything once you get a good financial education. And for now, investing in bitcoin is recommended by many people in this forum so we can also choose it as a long term investment. But if you don't learn anything about financial education, it will be useless even if you have more money because you don't know how to use that money well.

I would worry about the person who says anything but a million dollars. You really do not need financial education to realize that you can live the way you do normally and never need to work again for that kind of money. Obviously there are some people who do work and make money more than this, so they spend more than this but that means those people usually have both of these as well.

But if you gave me this money, not only I would be able to live with it forever, but I would also make it to 10+ million dollars very very easily, wouldn't even take 10 years to be fair. How? I would invest wisely enough, but more importantly I would invest in diversified way so I wouldn't be bothered. I could literally not invest and can still survive like 400 months with this, easily.

Everything could really be searched online on which it would really be just that possible if ever you would really be learning about financial education or whatever learnings you would really be tending up to learn or to know. Its true that it would really boils down into a certain person on how sensible they would be on handling up their funds or money for them to use it on the proper way and not just simply bust up and make use all of it without having no proper plans. You would really be making yourself getting back on being poor on the time that you would really be carelessly spending on whatever you have given or possess specially if you do know
that money that you had acquired didnt get from your hard work which your main mindset would be this " ITS FREE MONEY AFTER ALL". If this one gets on a lottery or been given up by someone then
you wouldnt really be bothering about those long term plans or whatsoever but if those money  do came from extreme hardwork and long time savings then for sure the action
would be put up would really be entirely be different which it would really be a normal approach.

It's just 1 million. No one becomes a billionaire by such conditions.  :P

It is not that expensive at all but learning on your own is quite expensive. You'll get to see how with your investments could fail a lot and your money will be gone into the wind if those investments that you've made didn't do so well. That's the reality in investments, you won't win at all times because not every investment or business that you do is gonna succeed. So, yes, financial education isn't expensive but going through with the actuality is an expensive learning experience.

one must have knowledge of managing money to make full use of their money and not become bankrupt but here's the thing, does this knowledge only comes from financial education? I don't think so.
things like this could be acknowledged naturally, by knowing how the worlds really works, if one get 1 million dollars and have this repulsive of always becoming consumtive and therefore drain their money faster.
then they are beyond any saving, what matters most is the inner consciousness that being consumtive will eventually drain you of your money.
and I think it doesn't need financial education to know this, just common sense.

That's why I always recommend to my friends if they want to know about trading or investing or whatever, they can search the internet and never pay for offerings like courses because the lessons are similar to anything on the internet. But it takes time to find a place to study because there are many places on the internet and we have to look for them individually. And by seriously learning about financial education, you will be able to manage the business you start and even be able to develop it properly. And remember that we have to go through the process and we have to be patient.

I think the other way around of choosing the million dollar is much better in a way that financial education can be acquired using your money and also you can also seek guidance to those who are professional in the field of financial planning. It is nice to have a money that you do not really work hard for since in the right actions and guidance you can make more from this amount of money. But, since this is just hypothetical and is something that happens in real life, this is where financial educations enter to have a great impact to how you would manage your money and also grow your money so that you can get to the million worth of something you work hard for.

I think it is already taught in economics subject but the subject doesn't only focus on it alone. It can also talk about anything related to economy. If we want to be good at finances, we should take a separate course.

It can be online and it's much easier here. It can also be free. Financial literacy is important even at a young age and our parents can teach it to us so the more we grow older, we will know how to value money. We will save it, instead of wasting it in stuffs that are not really beneficial for us. When we have a spare cash, we will never think of borrowing. Being stuck in debt is the worse and it's almost impossible to get out on it once you get trapped.

But for that to happen the person will have to realize they need help and learn how to hire someone which can effectively teach them and manage their money, and this is very difficult, just take a look at all the people in the forum that look for signals they can use to trade, they recognize they do not have the knowledge to do this but they try to find help at the wrong places which causes them to lose money, then it is to be expected that someone looking for a financial advisor and which has no knowledge about where to find one will suffer massive losses in the process, and they may lose everything before they find the right person for the job.

That second question is the important one. One penny per day that doubles everyday for 30 days is over 5.5 million dollars, so if you are doing that for 30 days then I will be able to wait for 30 days and that's fine. But, if you asked me 1 million today or 5.5 million in 10 years?

I would say 1 million today because I can make that into 10 million and more in 10 years anyway. Not just trader but even long term investor could do that and that is why it's so important. People need to realize that we are at a breaking point in the crypto world where it could go up, so if you give me a million dollars today, I would simply put that in top bitcoin and even in the shot 2 year term I could make more than double that easily, probably a lot more. So always pick the million today, makes more sense.

in some cases, in my country, especially in my place, there are quite a lot of educated people, even about finances, they are very educated. However, they can't even make that much money, and quite a few are working with the government, on a steady, meager salary. on the other hand, there are people who don't even have basic financial knowledge, but they do business, and finally have quite a lot of money from the development of the business they make.
what I'm trying to explain is, sometimes we learn as we do, and that costs money. Personally, I'd go for $1 million, that's because I can make a small business out of it, and while learning. Well, you can even get a good education if you have $1 million in your pocket, and that's not even that much. In fact, currently there are so many places to study online or offline. if he has knowledge of technology, even a little, I think with his knowledge they can learn on their own. for $1 million, you can even buy a house unaware that it can be a place to live and an asset. Well, everyone has their own thoughts on this.

Both financial education and having 1 million dollars can be beneficial, financial education is likely to provide more long lasting beneftis. Having 1 million dollars can provide immediate financial security and freedom, but without proper financial education it can be easy to mismanage or lose the money. Having a large sum of money can lead to a false sense of security and encourage overspending. Without the knowledge and skills to manage money effectively, individuals may find themselves in a worse financial position than before. Financial education provides individuals with the knowledge and skills to make informed decisions about money, build wealth over time and avoid common financial pitfalls. Financial education can be applied to any financial situation, whether its managing a small budget or investing in the stock market.  The benefits of financial education are long lasting and can lead to a greater financial stability and success over time.

Education that can be useful in everyone's life is clearly very important for everyone. But if faced with a choice of such a large amount of money, of course everyone will give birth to different thoughts in this regard because some people still think of choosing money as their capital to achieve more education. And I think it's also not a wrong choice because everyone who wants to have more and higher education, of course, must also have money to be able to achieve it.

I perfectly get the gist, but one thing you have to know is that for you to gain financial education without having the financial empowerment to actualise it is worse than not learning at all. For example, people are mostly suffering and couldn't fulfil their potential in many cases not because they do not know what to do, but because they are not financially empowered to do it. Every facet of life has the business attached to it and I have seen poor and struggling people that are loaded with skills and potential but just thriving with little results because they couldn't get a substantial amount of money to actualize what they know in their field.

And as for collecting $1M, it's what I will go for as is the right choice for every right-thinking person. It's wise that people get the money and still go to educate themselves on how to make more money, it's only unwise to get the money but not know what to use it for. The gambling example you used is for those that are not ambitious, if they opt for any of the options given, they will still fail because they are foolish. A reasonable person will always want to use the money to make more money, and not blow it away for momentary enjoyments and frivolities.

@Kara3 is not wrong, and I totally agree with his argument, but he forgot one thing. We try to learn and improve financial knowledge but our ultimate goal is still to make a lot of money, if we don't earn a lot of money, then financial knowledge will become useless and thrown away.
I also know some people in my locality, who have financial education, but they are still poor, and more sadly, society doesn't recognize them because they don't have good results.
So, I will choose like you, I will select 1 million dollars without hesitation. Because if we had 1 million dollars, financial education couldn't be easier, we could even hire a top expert to teach everything about finance.

You've already stated an example here. Financial education really can make one person rich, but that alone isn't enough. I don't know if this is true, but I'm thinking that there are still some people who are have the financial education, but still lacks a skill that will help them in achieving their goal, and that is to become a successful person.

That's why I feel sad for those people who are winning in lottery, but after a few months, they're back again in the streets begging, or what they usually are doing on a daily basis back before when they didn't won the lottery yet. I remember a news article a few years ago where there's a winner of a lottery, and he won a huge amount, but because he doesn't know how to use that funds properly, he might've spent it in some things that he didn't need, and in the end, those money are gone already, and he's back to what he usually is doing.

The lottery scenario that you shared is enough to answer your question already.

If you're financially educated, and has skills, you can make a million dollar in just a month at least or even lower. On the other hand, you having a million dollars, but financially illiterate will just lead to continuous spending towards things that you don't need therefore, you will lose that money without achieving anything.

If I would choose between the two, I'll go with the million dollars. Why? Because I can still get that amount, and still learn to how to handle money. I mean there are lots of information on the internet that you can use to gain knowledge, but earning a million dollars might took me a very long time (or worst my lifetime), to earn it.

If a person has huge sum of money but does not have any idea that how to use it and how to invest it so this sum of money will eventually ends up without any benefit so its necessary to have some planning according to the education about finance to make the better use of this money.

If a person has financial education then he can earn 1 million but if a person has no education and have 1 million so this money will be spend without any work to do or any other beneficial job.

If there is such an offer then I will choose $ 1 million to get financial education and learn to do business both in the crypto world and other businesses that can be profitable because in that way we can use $ 1 million and will continue to grow to reach fantastic value but all need a process, do not use $ 1 million to buy useless goods because it will be useless for the future, So there are all ways to continue to grow, especially financial education so that we are good at managing our finances and don't run out until seven descendants.

But on the other hand we also need to pay attention that we will not get a proper education if there is no money in it because it is clear that currently our orientation towards money is still very large.
Actually, whether it is money or education that is chosen, all of them have conditions that trap them, I think, and we certainly know that everything we choose has consequences that must be accepted.
But that's just a supposition and I also expected something more when it happened because I prefer to take both and when we can take both why do we have to think about and only focus on one of them.

Both of these are very important right now so there's no need to choose either one because if both can be had then that's a good thing and we can still go for it.

I will choose the 1 million dollars because if i have 1 million dollars i can hired a teacher and teach me about financial education or educate me about how to be financially free. I believe most of is here choose 1 million dollars specially to those who are in ASEAN country 1 million dollars if converted to some asean country currency is totally life changing you can build a big house and businesses with that amount.

Having a million dollars or a substantial sum like $1 billion can really provide financial security and the potential to accumulate wealth. It is true that for a million dollars, you can choose to live comfortably and sustain yourself for a considerable amount of time. However, if you do not know how to manage them wisely, that money will soon run out. So learn to self-educate on how to manage money because it is a basic skill needed to be able to live in this society. In addition, it is also necessary to develop yourself and improve your education on financial knowledge that can help you profit with the money you already have. So, while certain aspects of financial management can be understood through personal experience and common sense, financial education provides a deeper understanding and a broad range of knowledge. and the ability to make informed decisions in complex financial contexts.

I understand that people are not realizing the number, but at the same time that timeframe is the difference maker. In OP's question nothing is guaranteed, I mean think about it, you learn a lot about finance and that means you could make a lot of money but it also means that you may not make any money at all, aren't there any poor traders in the world? I am sure there must be and that's the key part.

I believe that we need to focus on that a lot more, we could make a lot more, but we could fail as well so we should focus on what we can do instead, that would be a lot better. I personally hope that the best thing to do is 1 million dollars, at least for me, just get that and no other money is needed, you can live with that as easy as you could hope for.

You do have a point since having financial education and awareness doesn't mean you are already insured to earn money by the next day. Sometimes having financial education is only a starting point since there are also factors that may greatly affect you like creativity and ability to utilize your resources. Having money is good but it will only took a few minutes for it to be gone if you are not careful, a million dollar nowadays is nothing specially if you don't know where to spend it. If I have a chance to be given that amount I wouldn't spend it immediately but instead i'd like to learn a thing or two before using it.

Yes that is very volatile especially when we are discussing in this environment and especially in the crypto market it is easy to happen, I have also witnessed a lot of people profiting big investments in short term then they lose themselves and then go into debt in their investments.
Greed, bigotry, blindness, ... are lessons that need to be learned in the process of self-development, even if it is learned from any field, it is also necessary to recognize their mistakes to create the right experiences. Money or achievements will also have different recognition criteria, when we have experience, we will completely know how to control and use it properly.

1 million $ will quickly run out if someone's financial management is not good, it will be long-term otherwise, especially for gambling 1 million is only seriphan for reliable gamblers and often wins large numbers of lottery but all will not stick if they don't have education in managing Money
So education is important for financial matters

I would personally take the 1 million without thinking too much about it. Why? Because in my personal situation Intend to be a person who tries not to spend money in useless things and also try to save it from inflation.

So If I suddenly had 1 million, my life style would not change suddenly, but rather would try to make small changes to live more comfortably.
Perhaps, I have got more financial education than other have, I do not know, I do not want to pretend I am special. What I am trying to say is that I would not blow all the money and then declare myself in bankruptcy after a year or less.  ::)

It is way easier to not be responsible with money we have not worked for, after all.

Financial education no doubt, I don't need examples of rich kids or lottery winners, I myself am good example, I've blown lot of money that was handed to me on a silver platter.

Surely I will choose $ 1 million, with $ 1 million, of course I can make a business that will develop, now it is very easy to find financial education, even on the internet everything is easy to get, someone who is proficient to become financial education is not necessarily able to produce $ 1 million, but with $ 1 million we can pay financial experts to teach us the best.

Neither did I mention that he was wrong, after all, he only gave us the option to choose here, and no one can pass a judgement in that regard. My point was to pass across the pros and cons of the two options and still made known my choice if I had been given the opportunity. To me, it will always be better to have the money first, it's leverage, and you can proceed to learn how to utilize it to make more afterwards.

I will even advise such a person to diversify the investment/business. If I were the one that has a whole $1M at my disposal, then I would learn 5 different businesses and invest $200K in each. This is because any business could fail, if about 2 fail, the remaining 3 might succeed if well planned.

Talking about financial education only applies to fathers who have a stable source of income and he has far more time to teach his children to reach the same level of thinking as him. Then think about how a father who leaves early in search of sustenance and returns home when his child is asleep and what kind of nurturing can be given to his children, even when they can't be together.

Your parable is far to interpret the lottery with children who get inheritance and then lose it in how to manage it? I mean, there's almost no formula for talking about wealth by gambling, lottery or anything like that. Inheritance is true of how a child is educated to properly manage gifts and is also inseparable from the financial education they receive from their parents or in formal education.

But back to how the child is as an adult, early education from parents is a fortress and it must be important enough for them as a support in their life as adults. But sometimes the environment leads them in the opposite direction and it's not just financial advice that needs to be taught by parents, but self-character and how to live life with various considerations that need to be taught too. If only financial advice is given, children may not necessarily walk straight when they are older and have more real life responsibilities towards their families.

Not everyone has the same story and not everyone is in that condition. There are children who fail at first and in the end they succeed in getting up to fight many times for their failures. There are children who succeed but ultimately fail and cannot fight back. There are children who succeed late because the process they are going through encounters big obstacles, but upbringing as you say makes them never give up and in the end they go through it all.

I believe human life opportunities are different and enjoying the process is the way to achieve financial success and parental education will usually apply when children are faced with various problems. But to measure financial success it is almost different from one child to another because wealth is different. Therefore, talking about the systematic number of someone who is categorized as rich in what count?

That's good reasoning, but the problem with that is that you already have money, and that is a lot of money. Are you sure you can control it on your own? If not, imean can you now focus more on education about financial literacy? or you are just now going easy peasy because you've got that huge money and you are thinking about the other side, like how do you spend it, what you will do to it, your focus may have gone. This is like winning a lottery; before winning, you'll say you'll put it in business or make an investment, but by the time you win, you've forgotten about it because you're busy purchasing stuff and partying. The mindset of people who got rich quick or got that huge amount of money is very different when coming from 0 to hero.

But how many people have you met who are financially educated and can make 1 million dollars? Having knowledge and being educated does not guarantee you will make a lot of money, having knowledge is one thing, and using it effectively to achieve results is quite another. But if you have a million dollars, it will be easier to be financially savvy, you can even hire a financial advisor to guide you through everything. There is no reason to turn down $1 million and choose financial education if we have the choice.

For me these are two choices that we must unite, so I will choose 1 $ million to learn investment problems and will develop a business that can indeed give us profits, because without money all the things we want to do are difficult to live including investing, so learning investment problems is directly on the capital of 1 million without having to take formal education, Because financial education has not been able to fully give us success, and today very many people succeed without higher education they only have capital then try to invest or do business.

I don't see any sense about the said options because there will be some people that will pick the latter where they will pick the $1 Million and use it to educate themselves so that the money they have picked will not be put into waste by buying some rubbish wants. Some will also pick the first one so that in time, after having the financial education needed, they will use it to make themselves richer.

You see, we all have our own choices to make, and the opportunities that will be presented to us will not really matter at all if we don't have the mindset to make ourselves grow.

I will choose 1M$ which is a huge amount here in our money and my 3 generations can live well with that amount for sure. So I can do a lot with that amount, to be honest, one of them is that if I just put money in the stock, for sure my money will grow, even in investing in bitcoin and other altcoins that have the potential to be invested in the future. me too I'll make sure that 1M$ will grow on me.

I don't see anyone choosing option 1 as financial education, almost all choose 1 million dollars. In my opinion, there is no reason to choose financial education and ignore such a large amount of money because our ultimate goal in this life is to earn a lot of money. You try to study really well, you work hard, try your best to do what? In the end, just to make more money.

Financial literacy is a huge advantage for us, but that doesn't mean we can make money from it. And with a pragmatic society like today, if we don't have money, we won't be able to study properly. Hence, choosing money is still the wisest choice because when we have money, we have everything, including knowledge.

When you have 1 million dollars, I don't think you will have no idea to use it. There will be many ideas to spend it, but a good person should be wise to spend it and use the money for important things.

Actually, having financial education doesn't guarantee you to get big money like 1 million dollars. However, if you have proper education about financial, you probably will manage your money correctly and wisely.

How do you determine whether someone has a proper financial education or not?
Getting proper financial education, shouldn't always require 1 million dollars. But surely to get financial education, we need money. Everyone who wants to have proper education must plan to have funds allocated to it. Unless our government wants to give education for free, we have no choice that we must try to have savings for education.

In todays or even would be on the past which people would really be 101% would be choosing that $1M dollars because this is something an amount that you cant get a hold on for the rest of your life and now that they

do have chance then for sure they wont really be missing out such thing and would grab if they do have the chance.Even myself would really be going into this option.In speaking about financial education then this is

something that could be learnt up as long you do have the money then it would really be entirely depending on you on how you would really be handling out that $1M for other investment or whatever you would be doing it.You could really make it more bigger if you do just know on how to handle and make additional income via investment and businesses of course but it isnt something simple but it
would really be worth on doing so rather than on spending on useless things or something that cant really be that beneficial.

Most of us here will surely select 1 million dollars 1 million dollars can change our life from nothing to millionaire, we can build a lot of businesses and we can buy cars home etc., I will also select 1 million dollars because after i get that money i can also use it for education specially in educating myself on how to manage a business and how to do budget in marketing.

The offer is certainly very attractive, especially because today there are many references to success on the internet so this fantastic value also allows in the mind of a person without much money experience to do some suitable business experiments.
But to acknowledge the title as a millionaire I think is too soon, because it is earned by way of giving. "Millionaire" should not only be measured by the value of wealth, but also the process.

I'm not saying that it has to be 1 million dollars in this case but of course we realize that when we want a proper education then we need money to determine that.
Not meaning to say people who don't have money don't have the right to education, but what I emphasize in this case is good education for now based on big finances and that is a fact that cannot be denied.
Nothing is free in getting something especially when talking about education. I don't know about education in other countries, but for now in my country, if I really want to do good education (good education), I have to do it quite expensively as payment for that education.
The treatment when we study for free and with money is clearly very different and I feel that way so it is undeniable that everyone returns to the orientation where there is money there everything will go well including in education.

Of course, I would choose a million dollars. That is not a small number at all. This money can change someone's life by satisfying both material and spiritual needs, including education. After obtaining it, I will use part of the money to invest in your education, and acquiring specific skills related to business management and marketing is a wise decision. This was a wise decision that both made some money and equipped me with the knowledge needed to overcome the challenges of running a business effectively.

Who financial education help. $1 Million dollar is much more better than financial education. Financial education is not a necessary thing that one must acquire from the four corners of the formal education setting but can be acquire through discipline. If you can discipline yourself about spending then you can manage any amount of money that comes your way. Indiscipline makes people to spend un-necessarily. There are some people who didn't go to study financial education in school but used their disciplinary mindset to do business and do well more than those who study it at school. So discipline is the answer.

There is nothing wrong in going for education and there is nothing also wrong in going for the money but you will need the education to sustain the money and you will also need the money to acquire education so you could be able to sustain your business. I would go for the money to get the education because you can still use it to develope and build your business to the best you can.

Financial education is important for the foundation in managing the money you have, people who have productive financial education always make the money they have so that it increases in number and is not allowed to rot in the bank or be eaten until the amount runs out, there are lots of wrong financial lessons , advertising propaganda to entice you to spend the money you have, that's a bad thing.
And we don't only need financial education, even though we have the ability in the financial field in managing it but if we don't have other abilities to support or help your money become more it's just nonsense, if you have one million dollars in money then you have the knowledge finance but if you don't have skills in other areas, it will give stagnant output too, whether you are in the world of investing or stocks.

To be honest, humans are born with brains and it is not only education that can make you a financial literate. I know a lot of people who are not educated, they didn't even go to school, but they are way wiser than some of those who might have done P.hD in their educational career. So it basically isn't all about formal education but you can still have financial wisdom without education.

And if we talk about the world today, literally nothing can be done without money, you can't do anything at all without money, and it is not only about food or basic necessities, but including anything in life that you might want to or have to do.

Obviously 1 million dollars, education is not so important for that kind of money. With 1m you can already get a decent asset manager that is well educated and will setup a good portfolio for you. Once you have a portfolio that plays regular dividends then you can just sit back and enjoy the side money. If you would pick the education instead it means that you paid 1m for the education which is way too much. The problem for even the best financial education is that if you have no capital to start with than it's really hard to make big profits. Reaching the first million is the hardest with and without education. Another thing is that if you are well educated than you are able to get a good paying job, still reaching 1m USD with a good salary is going too take a long time.

Time is also gold with this time because if you choose financial education it tends to be time consuming as you need to attend all of your classes and it would be possible that you wont passed it , also hiring someone that has proven track record in handling your money is good as long as he is legit and trusted so that your money will be manage well and you can invest into something that you can earn more profit , it is not more time consuming as you already have money unless you choose education on which we dont know if after we graduate what will happen to us.

Lol everyone is being too honest in this post and this is reality all of us wants money over education  or if they want education still that will be second option .
Earning money is getting really harder with each passing day and if someone is getting it they'll definitely avail that opportunity.  The business tycoons that are leading this world are not highly educated people which is why people specially youngsters have changed their approach to life.

Surely I prefer to choose $ 1 million, with $ 1 million so I can make a very good business, and I think the business trend is good in my residence is food, I will use about 30% for the food business, then 40% for the fresh fruit business and the rest or about 30% I use for capital reserves so that the business can run up to profit

We go to school to find a decent job to earn money so still by the end you need the money so most of us really wants money and we cant blame it because we cant lived without it , also you are right a lot of rich people has no proper education but still they study when they are already rich because they want to learn more and improve more their business, it doesn't mean that you are rich you will not go to school , you should still go to school because you will gain more knowledge on what you are doing now.

$1 million is not small money so if I had to choose between financial education or money I definitely prefer money like you,
with that much money I think we can use it for useful things and use it for business and make a profit,
as long as we can use it wisely then it will be much more valuable.

Or if another option is presented if it is definitely more life-secure(for example, unlimited work opportunities, health facilities), education will be the last priority. I think this decision depends on the priority needs of the moment and is no longer about something that is most beneficial for the long term.
In my environment, teenagers are slowly starting to lose interest in taking their formal education seriously. And conversely they are excited when offered a job.

Why do you think that millionaires and multimillionaires still have shelfs filled with books on financial literacy? Why do you think they spend their time educating people on the need for this. Sometime ago, I watched on YouTube how Grant Cardone on Turned $100 to $1M in 90 Days. See this may sound like a cliche but it is the truth - that you can take a man's money but you cannot take away his mindset. This is mindset is built through financial literacy.

I think, financial education will help you to grow higher financially and materially in the community because it will be difficult for you to experience failure in your investment like the way some investors are failing in their investment this days, just because they don't have the knowledge of financial management. Don't forget that 1million dollar will finish, if you don't have financial education because I have seen many people in my environment who inherited huge amount of dollars from their late parents but Because of lack of financial education they finished the money within two years without a single financial achievement.

It is true that when we do not have financial knowledge, even if we own 1 million dollars or 10 million dollars, we will lose everything if we do not know how to manage and use it properly. But having financial education and high knowledge does not guarantee you will make 1 million dollars in life, and there's also no guarantee you can turn that $1 million into several million dollars with your knowledge.

If given a choice, I would choose 1 million dollars without thinking because when I have a lot of money, I will buy knowledge that will help me know how to manage and use money wisely. It's more than just having financial knowledge that can't make money.

Exactly, having financial knowledge is extremely important because it can help us a lot in life, but it can't be more important than money. Because when we have money, we can buy everything, including that knowledge. Even if you have the money, you don't need knowledge, but you can also hire educated people to work for you, and from there, you can also achieve success.

You need both money and knowledge in order to get the best outcome in financial world. One is powerless without the other if you want financial success. If you have money but no knowledge on how to utilize it to make it grow more, then it will vanish in the long run as you said. But it is also important to know that you need money with knowledge too. If you only have knowledge and experience but not enough assets to apply them in the field, then you can't make a use of your knowledge. It's like a paradox.

I don't know why education now is becoming over hyped. So if you are not educated, does it mean the person can not be successful in life? I will rather go for the money and build a business that will make me profitable employing the people that find education important. They will work for me and bring more money to my company.

Money is something that could be everything as we do all know since you could really do what you do want if you do have the money.Learning financial education wouldnt really be that so hard as long you do have the money to start with rather than on having that financial education but you dont really have that much money. Not everyone does have the opportunity nor the chance on handling out a million dollars and this is why its not really shocking that people would really be choosing this over that financial literacy. It would be nor brainer on which one would really be chosen by many
and even myself would really be securing out that million and wouldnt really be so dumb on not to make use of it on a good way on which even having no business background but with just
using your own common sense would be telling you that you should really be making use of it for good so that you wouldnt really be ending up on being poor once again on the time
that you had spend it all.

You can learn financial education any time you wanted to but you cannot acquire 1 million dollars anytime you wanted to acquire it.  So if ever I have to choose between the two, I will be choosing th 1m dollar then learn my ropes towards financial education.  As as far as I know if we wanted to have a formal financial education, it needed money to be able to secure a spot on that financial educational course.

You can choose the financial education but the question is when we will get a hold of 1 million dollars if we do not have enough funds to generate it. It may take several years and hard work to obtain $1m especially in a developing country

everyone knows this, but in this case, if you had to choose, which would you choose?  I bet you will choose money too, no one will choose knowledge.  our parents let us go to specialized schools and study abroad… all just wanted us to be good, and the purpose of studying well was just to make a lot of money. Being able to see money is still the ultimate goal that we all aim for, so knowledge is nothing if it doesn't help you make money.

I agree with you that Financial education has always been a game changer. When it comes to choosing between financial education & one million dollars we need to consider the long term benefits. A million dollar can provide an instant financial security but of course it is not a guarantee that it could last long. Many people who won millions in example lottery but they quickly lose it because of lack of financial education. They tend to overspend the money that they have and without even diversifying the money, it lose so fast. That is why having financial education is important to be able to manage and diversify your funds the right way. Proper management of funds can lead to a long term financial stability.

I'll choose the $1M dollars and let me handle that for myself. With the life today, someone wouldn't mind getting knowledge of how he'll become financially educated.

There will be reasons that it's gonna be no use because there's no money to manage. And that's why by having that money, let me take it and let me do my thing of experiencing and doing the handling.

I may agree in some but not on this one. Knowledge will still bring you far if you know how to execute and use it well in making money.

In my case, I already have financial education, and a million dollars would take me a long time to get, so the decision in my case is clear. If we were talking about my children, the decision would lean more towards education, the younger they are the better, because said education can give many compounded returns throughout their lives, even greater than $1M. Financial education would lead them to make better decisions about what to study, to save and invest much earlier. Someone who starts investing at 25 years old can be a millionaire in 15 or 20 years and still have many years of life expectancy left for compound interest to continue to rise parabolically.

Now it's easy for us to learn anything including financial education, but we can't necessarily earn $1 million so I prefer $1 million over financial education, sometimes life doesn't just go according to the theory being taught, with $1 million of course we will get hands-on practice .

Financial education is the key to turning wealth into lasting prosperity. It's like having a solid foundation to build your financial future on. Without it, even a million dollars can slip through your fingers like sand.

I don't know if being a financial expert will automatically make money easy, nowadays there are many people who graduate in economics even from top universities but they have difficulty finding work or are still unemployed, and an offer of $ 1 million in my opinion is more realistic to take than finance education.

Perception helps us to understand things in life and it is always bound by many different factors. Living environment, growing conditions, or thinking about them, ... are the things that make us give different views about life or its value. I recognize that material is only a small part that connects people together, but most of us are bound by material things in life, material poverty makes us inaccessible. intellectual or spiritual wealth. Being a slave to money or emotions is an obvious fact, but not everyone has an understanding view of it. The journey to experience life is created by ourselves, and whether the money that comes with it is helpful or harmful is all due to our receiving knowledge and reacting to it in life.

Knowledge is just a tool, a weapon to support us, and how to use it to benefit is up to us.  That's why I said, if you have knowledge you don't use to make money, it's useless.  and I also want to reiterate that even if you have solid financial knowledge, can you guarantee you will make a lot of money from it? I bet you're not sure you'll make it, either.  therefore, money is still first, money is still more important than knowledge.

In today's life, having knowledge without money is not respected, but having money without knowledge is still appreciated.  what people need is results, and they don't care about our process of effort.

 It only takes me some few hundreds of Dollars to start gaining knowledge about making money to crypto so it is better I go with the $1000000 offer because today with the internet knowledge is almost free you can learn almost everything you want online using your smartphone or your computer, you don't have to pay anyone to gain knowledge or know how to make money with crypto.

If you want to go into trading, you can buy a course from pro traders and that shouldn't cost you a lot vs having 1 million dollars, I will instantly go for the 1 million dollars because it will make things get easier for you.

If you mean by solid then it's not guaranteed because it will still depend on the person but I'd say that's a good capital to start with. But if you're talking about it to me and I'll be the one to have it then I'd say it as a yes.

While I do agree on the latter part that no one really wants to know your tough process. That's what people wants and just to see and clap on your with your good results and not with how you've made it there.

Financial literacy is something you can learn anytime you want. So I will choose 1 million dollars. When you have money, you will know how to improve and protect the capital that you own. However, there are still people who get rich thanks to the lottery and then spend it lavishly with the money they are lucky to have, losing it all. So financial education is important when you have some money, and even if you don't have a lot of money, it helps a lot in your life.

I would grab the 1$ million dollars too, instead of financial education, but I think it's easy for most of us here to make this decision in the blink of an eye, since we already have basic knowledge about finances which can assist us when managing 1$ million dollars efficiently and growing it even more.

However, imagine if we didn't have a clue about finances, like most uneducated people around the world. That 1$ million dollars would be probably meaningless in our lives, thinking on long term results. We would probably buy useless things, promote expensive parties, share the money with family and friends who would also acquire useless things for themselves and in maximum 3 months all the money would be already gone.

I say that because once an acquainted of mine told to have won about 4000$-5000$ on the lottery and the first thing he did was to take the whole family to a big urban center to purchase clothes, accessories and to have fun. It just took one trip to waste the entire lottery prize on these superfluous stuffs.

HUH? Are you sure about that? Knowledge does not bring you money. Experience and the ability to utilize it in a way so that it could be implemented in works, brings money. Not every knowledge is worthy of making money, and not everyone uses knowledge to make money in the first place.
Yes, I will choose the money too. But after getting that, I will need to learn to keep it in such a way so that I can make it grow even more. If I lack in the knowledge to preserve money or grow it, overtime I will lose it all. The more money you have, the more you spend. That's the truth. This is why you need to learn the knowledge after acquiring the money. That's the reason I said we need both.

Is good to be financially educated but this is not the key to being successful. Many people today have the education but the wisdom to apply is not there for them. While someone who is not educated is wise enough to handle funds in the correct order, such individuals will be liberated financially.

Depends on the person. If he values money so much but fails on some aspects due to lack of financial education then yes. They could also go on the easy route and just pick 1 million dollars right away but like you said, this may not last for a long time because those people will prolly spend it non stop because for them having all the luxury thing in life is what makes them successful.

If we can only pick one, I think ill also prefer the 1 million dollars. I will only left some money and will use it to enroll my self to study about finances. I can also use some to hire a mentor and a financial manager. That should extend my money and possibly grow it.

I will prefer to have those money, 1 million dollars or any huge amount, because the chance of getting those huge amount of money does not come twice. So, after having the money but still uneducated financially there is an opportunity that extravagant behavior, poor money management, and other uneducated financial behavior will make me aware that financial education is important.

I was about reading down but your answer to this post caught my attention and I think I will also do the same thing and I think also that probably the best thing to do. Take the stack of cash the use it for some formal financial education and then invest the rest after being exposed through my studies on proper financial progress and freedom.

Of course, we need money for education. Whether it is big money or small money, it depends on government policy related to educational programs. In some countries, it may be expensive but in other countries, it may be a bit affordable for the society.

It is also the same in my country. If we want to get an education in our favorite schools (mostly private schools), we must spend a lot of money. But if we only want to get an education in public schools as average people, it can be cheaper. However, the public schools in my country are good enough, you can get proper education there.

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 .

I think your advice is true, because I feel that right now, I was too pushy to trade, so I lost almost all of my money, I realize now I should do a split portion of it.
because trading will not always be profitable, so there must be another plan to deal with it when it happens.

You shouldn't force things like that because, everything won't be possible to go according to your wishes.
at least you learn from it and in the future if faced with a situation like that you can avoid it.

I think we have to return to another paragraph for my post in this regard because, as I said before, even though there may be government policies by making learning or fees there cheap, this does not mean education is evenly distributed.
Not meaning to belittle, but in this case schools with high fees are indirectly more serious about the education provided to their students because indeed they are required to do so with expensive fees that were previously issued in contrast to education which tends to be cheap and even free because with things like that the educators actually look more relaxed.
Although maybe in this case the big cities in big countries are different, the average for underdeveloped countries and even developing countries tends to be the same.

In any field, knowledge is definitely always number one and the most important aspect in starting or managing a particular field. Likewise with the financial sector, if someone is blessed with one million dollars, but doesn't know how to manage finances, and doesn't know how to develop money so that it can increase. It is certain that sooner or later the one million dollar bill will run out, and not produce anything meaningful. Never mind a million dollars, even a hundred million dollars if the person holding it doesn't have enough knowledge about finance or managing finances, I'm sure the end will still be the same, that is, it won't produce anything meaningful.

So your opinion is indeed true, that financial education that starts from childhood is indeed very important and must be used as the initial foundation for everyone who wants to achieve success in the future. Even though it doesn't guarantee 100% you can become successful just by learning about financial knowledge, at least the steps that have been taken are getting closer to the name of success.

You have written assuming that you always reach a general conclusion in your sentences. This general situation may differ from person to person. For example, a person with financial education may also lose money. A person who has received financial education may not get the desired efficiency from his investments. There are several factors that affect this situation. So my choice would be $1 million. Then I can spend this money on education. Today, this money can be a good start for our goals. So this is my choice.

both are needed, but I don't think you have to have that kind of money to start managing. try to manage money from small things, because if we get 1 million dollars at once even with the education we have lived it doesn't mean we can't be wasteful with all the education we have.

the two must be equal. Because if you choose one, I don't think it's enough, for example, if we choose financial education, if we don't have assets, can we apply that financial knowledge. whereas if we have 1 million dollars without good financial understanding, we will be very easy to spend it in useless things, I understand that 1 million dollars is a lot but if it is used to buy expensive things that have no value when used, it just a waste of money.

A very thoughtful one here which I believe is a good idea especially for some one who has not made such amount before, I agree with you because taking the 1million dollars will probably give you the financial education and a good establishment if spent wisely but also getting a good financial education will help you manage the money by investing it wisely but considering the question of the op I think the best option for me is the 1million dollars. Apart from taking the money and attaning formal education which you earlier suggested, you can also use your initiave to employ a good financial manager because I have seen a lot of business men and women who have made it without having any financial education what they do is to establish a business then get qualified staffs to run the business for them.

I agree with this opinion that when someone does not have financial knowledge, however much money he has, it will be used up for nothing. and vice versa, when you have financial knowledge but you don't have any money or capital at all, what happens is that your knowledge about finance is useless because there is no application related to that knowledge.

And if I had a choice between a financial education or a million dollars. if possible I will choose both, with me having financial knowledge and one million dollars, the knowledge I get will be immediately useful because I already have money to manage and the one million dollars given to me will not be in vain because I already have the knowledge to manage it.

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.

You said probably, and since it's not definitely, that means there's a 100% chance that what I think is a correct decision for me can totally be a wrong decision for another person. I have seen people squander $2k in a day, $10k in a week, then tell me what $1 million is within some months, just leaving life lavishly until the money gets exhausted. That's when they realize they need to do something meaningful or even acquire financial education.

Sincerely, not everyone is good with money management. It's just like a baby that is still crawling; anything that that baby sees on the floor, he or she picks it up and puts it into their mouth. That's how some people feel when they see huge amounts of money. Most of the time, when you don't have money, you will make really big plans, but the moment the money drops, all the plans will disappear from your head, and you will start lavishing the money until it vanishes. So, I will say some people should go for financial education before getting any huge amount of money. Why? Because a tree was once a seed before it grew to become a tree. It is better to start from scratch because when you have so many that you can't manage, you can lose total control.

This is because you have already received financial management training. Did you know that people who lack financial education never consider making an investments? Instead, they spend all of the money that comes their way, no matter how small or large, and as a result, these individuals often look back on their lives with regret.

But what I also want you to understand is that, despite what you said, that you will use some part of on your financial education, spending $1 million and a certain amount on your financial education won't actually happen in that way. 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.

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.



That almost the same thing to what @Die_empty (https://bitcointalk.org/index.php?topic=5452975.msg62253791#msg62253791) 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.


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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

True enough.

Financial management is a must if you want your money to last forever, because if you don't have any idea on how to manage your funds, for sure you'll just lose it instantly by spending on things that is not even important or worthy in the long run. People who won the lottery are always one day millionaire, since they are always saying they deserve it, which is true but always spend it wisely.

Of course, most people prefer to take one million dollars than financial education, because basically finding financial education or understood the financial world will not spend that kind of money because today we can access it self -taught or hire private teachers are much better.
This cannot be compared with someone who is already addicted to gambling or likes to play lottery, certainly has a higher financial risk because it harmoniously their lottery players think narrowly and live only based on fortune.

Knowledge of financial management is the basis for someone in controlling finances, therefore it is very important, not easy for someone who has a narrow mindset like the lottery players, and whatever money he has from the management will still run out if it only rotates in the pattern of gambling, Speaking wisely in expenses will not have an influence for the lottery addicts.

Financial education is still good because it will help you learn everything in transition there are fixed and variable expenses that the subject faces every month. There are also priority costs and other less relevant ones if the individual wants to increase the savings, they can insist on this type of field. Achieving financial independence is a dream of many people. A freedom that shows the personal situation of a person who is not conditioned or concerned about finances. Financial education is the key to moving towards that horizon. Financial education provides the necessary tools to put successes, mistakes, strengths and weaknesses into perspective.

If there is a choice of money or knowledge then most people will choose money over financial education, in my opinion this is natural because nowadays it is easier to get knowledge, if 10 or 15 years ago it would have been expensive if we wanted to get knowledge about passive income, educational finance and in part, but now we can watch almost all the best videos for free on YouTube.

That's why the role of a father is much bigger than their teacher at school, children will be educated according to what is given by their parents and to what extent parents can bring their children to be responsible for financial awareness. Success must be prepared and it does not happen by itself, parental factors in providing upbringing, networking and others are really needed by a child.

It is not surprising that the discussion concerns gambling, which in practice is more about luck. And vice versa for those who have inherited and if it is not managed properly, then any inheritance will run out like a round in gambling.

Things like this are close to several cases that have happened around me, meaning that there are some people my age who have a large inheritance from their parents, but due to improper management eventually the inheritance runs out without anything left and now they are back at zero point and have to struggling again to make ends meet by working hard.

Therefore educating children so that they are better prepared to develop their potential is very important, because when they grow up they know that they have to use money to build whatever business they want, so that their financial capabilities can be further improved and further developed. This is where the role of parents is very important because children will get used to the upbringing given by their parents, if they get a good education then when they grow up it will be easier for them to develop their potential.

I agree with you that 1 million dollars is truly life changing but if you are not financially educated you may loose all of it. Both financial education and having 1 million dollars can be beneficial but they have different purposes. Having 1 million dollars can provide financial security and freedom for a short term only. It can allow you to pay off debt, invest in assets and live a comfortable life. Without financial education there is a risk of mismanaging the money and losing it very quick. Having a financial education can provide the knowledge and skills needed to manage money effectively in the long term. It would helps individuals to make informed decisions about savings, investing and spending money. That is why it is important to have both financial education and money. Having large sum of money without the knowledge to manage it it can lead to financial loses.

Financial education is good because this will enlighten you on how to make your own personal  as with your own idea and we should all know that if you don't have any business idea and you are been given money for business you will venture into business that you feel that is very profitable but not knowing the actual strategy on how to invest in such Business this will make you to loss your investment in a twinkle of an eye and so doing you will go back home without anything. My advice  is that we should have business idea because if we don't no matter the amount you are been given, if you are not be able to utilize it well, the money might sound very outrageous to us but the way it will vanish if you don't put it in a good channell that will yield profit will be very surprising to you, so before such amount is been given to you, you ought to have  learnt how to invest it in a profitable ventures. So to me financial education first before the money.

The lottery example is often used frequently to show how difficult it is to manage big money without proper knowledge. But it is worth noting that not everyone who won the lottery lost their money, because once you get a lot of money, you can devote time to a very good education and, as a result, gain the necessary knowledge for proper money management.

It will depend on the person, someone wants to get this knowledge and will work on it, and someone just wants to live without any restrictions, and perhaps the money will leave his life as quickly as it came.

Nowadays it is very easy to find any knowledge, when I try to find ways to learn magic, there are many channels that can teach magic, if magic is more difficult to learn, it will be easier to learn education about finances.

Yes, knowledge is very important but nowadays finding and learning it is not too difficult. On the contrary, earning a lot of money or 1 million dollars is not possible for everyone, even for highly educated people. So it would be foolish for someone to skip a million dollars and choose financial education. But I bet there won't be anyone who isn't greedy and skips $1 million.

Seeking knowledge also requires process and time so I never thought that seeking knowledge was an easy thing even though there are many ways and paths that can be taken by everyone. But I see on the other hand where money is always harder to get even though everyone is always looking for it in various ways, so I think choosing a large amount of money will seem wiser for now and you might also choose the same thing when you say knowledge is an easier thing for you to look for now.

Good offers and in my opinion for now $ 1 million I like more than financial freedom, especially nowadays where all any information is easy for us to get at hand, and I think after getting $ 1 million it will be easy to increase to $ 2 million or even $ 10 million because we already know cryptocurrencies.

This is not always true, I have seen men who don't have formal educated excel in their businesses and you will be shocked that  graduates of BSC are not are successful as they are, they are creative and money comes into their account everyday and what help them is there environment, they study there environment and learn things that are are highly needed by the people, they use money to start the business and in a short time, they make money from the business that will wow you.

If I have the opportunity to be given a million dollars, I will gladly receive it in cash and not in check and I'm very confident in myself that I will used that money and invest in a business here and I must succeed, I have the confidence that I will make more money from that money and if with time education will limit me of my business, I will engage in online schools, it's not that hard these days to receive education from the internet.

I'd take $1 million. I would look at the evaluation, I would avoid luxury expenses at first, I would try to create income pools for myself, I would try to complete my own education according to my deficiencies, I would do the same for most of me, after a certain age, I would give him a certain amount of capital and watch him go bankrupt, maybe  should make good use of his first shot. Later, I wished that he could leave the same amount in bitcoin to my children and ten to his own children, and to continue like this.

Haha, Very interesting topic, I was just reading the random replies on the thread and I am amazed at the point of view of different users on financial education and Million Dollar. When I read the title first I thought that this topic is inspired by the Mr beast shorts channel videos haha because I have watched one of his videos in which the query was the same but it was presented from a different angle where the mode was related to 1million subscribers or Dollar and here is about educational and 1 Million dollars.

No doubt 1 Million is a life-changing amount and I have heard from many people that money attracts more money, well personally I don't believe in this school of thought my belief is education is the key to opening the financial limitations. With proper financial planning and education, a person can improve his ability to make even millions and millions of dollars each year.

Without financial education, you will not be able to create wealth. So you need financial education for you to be able to invest and make a profit. I accept your decision to avoid luxury because it can lead to a waste of funds. I also think  I will take the $ 1 million but I will not make use of it until I have acquired enough knowledge about the area I want to invest in. And after the education, I will not invest all the funds because I can lose all. I will invest some part of the money and check if the business is lucrative or not. After some time I will have to decide to continue or to move to another business. But by all means this money must be invested and not wasted.

Your prediction that cryptocurrencies can double the money might not be realistic. This is because it is not certain that your investment will appreciate. The price of cryptocurrencies is not predictable so we have to invest with caution. That $1milion can reduce to $500,000 in a few days if invested in the crypto industry.

Many of them won the lottery but only for fun by buying lots of things at will by partying because they have a lot of money so they forget how to use that money wisely, one of the factors is because they are still not satisfied with their greed.
I know that everyone who wins will not go bad, they will definitely think about the future, of course, with education, and for example, the money from the lottery should be enough to pay for college, the rest can be invested if they are wise, but people win the lottery it's very few and most of them are a waste of money.

This question depends on who you ask, parents or young people.
and if the question is for young people I suggest you should choose financial education.
Because financial education will help you find or make a lot of money in the long run as long as you can study financial education very well, and even you can have more than a million dollars.
and if the question is for parents, it seems like $1 million is a very good option.
and with this money you can use it to take a vacation to enjoy your old age, besides that you can also use this money to open a business or to buy property, or other types of investment. Aim to take advantage of the benefits that you will continue to enjoy while you are on this earth, and will also be enjoyed by your children. And it would be even better if you share 2.5% for people in need or build a place of worship or other good things that you will continue to enjoy after you are not in this world.

Money alone cannot give a person a healthy life because if a person does not use money properly then that person will never be able to hold money even if he has billions of dollars. So of course a person needs financial education which will teach him how to earn money and how to manage it and lead a routine life by saving money without wasting it. In this case the person will not face financial problems very easily. So financial education is more important than 1 million dollars and education is more expensive than a billion dollars.

I like your wise answer because you are very careful to handle your finances because you don't use $1 million without the support of financial management knowledge, but money from lotteries or inheritance from parents is mostly used for greed purposes because you don't get that money from work hard, maybe only some people really use those funds for better financial management, they have a business plan to increase finances and some will allocate for crypto investment in the long term.

An important factor is that financial management knowledge is needed to grow economic factors, without any financial management they only have the skills to spend 1 million dollars without thinking about opportunities to create new businesses and invest in gold, property or crypto for the purpose of achieving better finances.

Everyone have desire about money. 99℅ people have love to see such kind of treasure in which having no effort & hasn't take much more time. I mean people have like to earn money with no effort just like they'll scroll TikTok, watching series on Netflix & their portfolio becomes bigger and better but it's just like traps yourself. Basically Those are the people who always prefer money over financial education. But in reality financial education is a fact for becoming a fortune person/life style & it's one of life's great benefits which cost a little with having zero risks and brings huge rewards. 1m$ is temporary, with a time period there is chance to having lose all 1 million $. On the other hand financial education is long live knowledge that able a person to start from zero to hero with consistent passion. It's mean-spirited that acquire the smart thinking ability to person. My personal opinion on its that I will always prefer financial literacy over money because it is has less risk, little costs rather than directly associated with money investment with no financial literacy.

I will take $1 million any day, reason being that being financially educated do not guarantee you financial safety, there are some professors that are still not safe financially with all the knowledge they have acquire over the years. The main thing about money is to reduce cost and maximize profit and I believe anyone can do this if you are disciplined. We have Billionaires blowing up their fund with all the knowledge they have accumulated over the years. A bird at hand is better than 1000 of birds in the forest.

Although financial education is important but 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.

I highly disagree with you about that, @odunybiz. Don't be deceived, despite the fact that financial education cannot make one very rich and wealthy due to some personal secumbtance of the individual in pursuit of riches, but financial education will not totally leave you in poverty, but rather only you (yourself) can choose to be very poor to the core. The reason why I said this is because financial education does not just educate and enlighten you on how to invest your money; it also teaches you the means by which you can generate income, how you can grow your income, how you can multiply your income, and how you can sustain your income. Financial education is not just based on one thing but is rather broad. So, don't see financial education as a waste of knowledge, because no knowledge is a waste. Most people, after acquiring certain knowledge that can help them generate money for themselves, they don't have the self-will and zeal to carry out what they have learned so they can make money; they just feel reluctant and dependent on others.

But everything would really be that learned or would really be taught on the time that you would really be having some education or paying up some teacher or advisors to that kind of specific area. This is why i do

really highly believe that almost 100% would definitely be choosing that $1M dollars rather than with that Financial education on which it is something that you could really be able to study later on on which
even myself would definitely be choosing that money which we know that not all people would really be able to get a hold of. Financial education is indeed that really that necessary if you are really that planning to have that kind of financial status which is sitting on that better side which managing your finances will really be always that recommended so that you wont really be finding yourself on later on problems.
We know that there are really people who do really skip out on doing so just because they have get out their richness on instant, mismanagement would definitely be affecting them huge on the time
that thy would mishandled out their funds.

It depends on your thinking but will we remember about education when we have earned a lot of money? I don't think so because our nature as humans is greed and it is only after earning a large amount of money that we will be ready to spend it and I am sure most people do the same.
But back to the topic because this is just a supposition where everyone has their own thoughts and decisions about it it's just that in this case we have consequences that must be accepted because surely one will be sacrificed and I choose education in this case. even though it sounds naive with big money because in my opinion the initial foundation is important and when we don't have a foundation and are given a lot of money it will be the same analogy as a monkey given gold will be useless.

Between these two choices, our aim is financial freedom. I hold the following assumptions:

Financial education, without a million dollars, would require a substantial amount of time for someone to achieve financial freedom. Their wealth might steadily grow but at a leisurely pace, given that they're starting from scratch. It would take at least over 20 years to attain genuine financial freedom if they begin from ground zero.

Opting for the million dollars, sans a solid foundation in financial education, could lead to its depletion within a certain timeframe. It might vanish within 2, 5, or 10 years. It all hinges on the individual holding the money, but one thing's for sure: without sufficient financial education, managing the wealth becomes an arduous task. Consider the example of a gambler who consistently spends their money at the casino.

Personally, I'm more inclined towards the first investment, which is financial education. It's the one that truly sharpens my mind and mindset to function on par with the wealthiest individuals in the world, and that, to me, is even more captivating.

Agree on this 100%.

Step 1 : Get that $1M dollars
Step 2 : Get some financial advisors
Step 3 : Learn from it
Step 4 : Deal with investment and businesses
Step 5 : Diversification
Step 6 : Repeat Step 4-5
Step 7 : Achieve Financial Freedom

These steps might be that simple to be done but its not something that could really be acquired surely or having that assurance.
We know that business could fail or investment that we do have which it could really be resulted whether success or failure
but we wont really be able to see if we wont really be able to try.

I'll pick financial education because if you strip me of all the money I have as long as I still got the knowledge to make more, I'll double the amount I lost within a short time.
Haven't we noticed that an apprentice isn't given money to start a company on their first day of training. It is only after they achieved some level of mastery in their field which includes some financial education that they'll be able to turn a $100 business into $1 million dollars business.

It depends on the interests and nature of the person actually. Someone who has financial education is likely to be more likely to be able to use the knowledge they have to earn a lot of money, it does not mean that someone who has financial education without having money will simply make someone poor.
But I think it's likely that right now most people would be more tempted to have a million dollars to own than to have a financial education.
If that were me, of course I would use it to choose the 1 million dollars and with that money I would upgrade my financial education.

Do pyou know some people are opportune to make good amount of money but because they lack financial knowledge of making the  money how to grow. Sometimes it is not just having a huge amount of money in life , many people don't know how to make money to have more value  they only think how money can be use for expenses. Having financial education is very important,  it helps in adding more value to money.  People who lack financial education no matter the amount of money giving to them they have the chances of spending it on things that can not yield more value to the money.

i will say sometime turning $100 into $1 million have nothing to do with education, its all about opportunity and luck speaking from experience, there's reason why we have too much graduates unemployed nowadays.
sometime the curriculum might be outdated that its just become irrelevant, if i were given the choices then I most certainly would choose the $1 million, lets be frank here, to get an education more specifically in financial, it'd spent less than $50K which means you have $950K left for you building your business, that instantly left you with so much money you could do something other people with high education couldn't do sometimes.
moreover, sometime some people are just having that natural skill at managing money and sometime financial education didn't suffice to manage the money, you know some investment that vanish by the time crisis happening, doesn't matter how good you allocate your money, your investment are still affected, there's something that couldn't be solved just by having financial education.

I will choose 1 million dollars as long as it is not from lottery or loan because I don't like gambling or interest rate. i choose 1 million dollars because we need to pay tuition to get financial education, also after we graduate we will need capital to build our own business.

There are positives and negatives for both, basically pros and cons. What you stated is a pro in choosing financial education over the 1 million dollars and a direct cons of the other option. As much as I agree with you, I'd like to look at the other side of the coin, having the 1 million dollars is a great foundation and financial knowledge can be attained while having the money especially since you already have the financial part guaranteed. While if you choose the financial education, it will take time to establish the financial part as putting what you have learned into action is not as easy as it sounds.

I think achieving financial education can be easier than reaching $1 million. Right now, I would say that I am already financially educated, but I still haven't achieved that $1 million financially. Only a few become millionaires, even though many are financially educated. That's the reality.

The mindset of different people always responds differently to different choices.

1. Some people will choose to prioritize financial education in order to be able to manage or add finances with financial management that can produce financials.
2. Some people prefer to take $ 1 million in the hope of getting financial education from private tutors who are paid regularly every month or enter the faculty of economics with the aim of being able to manage finances well.

Very simple, what matters to me is the goal, not the method.
People will choose different paths to reach the same goal, differences are generated based on different points of view, if you are able to think positively it will produce a beautiful end result.

You will get different answers here, but the goal is the same even though they took different paths.

You have a point since, if you think deeply, even though our first choice was education because that is what we thought of ourselves since childhood, choosing education first, if you think about it, let's say you've already been excellent in financial education, then after you graduate, how would you apply it without a capital? We can start at the bottom, which most of us have done, but again, hard work and discipline are where it will strike you. If you are financially literate but you are lazy, then there is nothing to do, and mostly without a capital, it is still nothing.

I think everyone would take a million dollars instead of financial education. I wouldn't do that stupid thing myself, if I ever got an offer like that I'd take a million dollars without a second thought. If you have a million dollars, you can do anything with that million dollars. With a million dollars you can do a good business, and get enough education about business since a million dollars can get everything including financial education so why would I reject an offer of a million dollars. Unlike financial education if you have enough money you can get everything with that money including financial education so the value of money in life is immense.

Diligence is really needed in carrying out any education, whatever type of education you take, if you don't live it well, of course you will not be able to achieve the goals of that education. I think people who are financially educated and they don't become millionaires are people who didn't have a good education and don't understand what they have learned so that after they finish their education they can't do anything.

Don't let yourself down if you feel you don't have enough capital to start a business, because if you have the skills and the will to succeed, a small capital is already enough. I once saw a success video where a person started with just $20 and turned his business into a big enterprise. So, the question is: how? The answer is simple; he had a brilliant idea, bought a cheap product, and sold it at a good profit margin. Nowadays, it's not hard to find opportunities, since there are plenty of resources online. If we are able to apply them, there's no reason we won't succeed. Well, we may fail sometimes, but if we keep standing up every time we fail, eventually, success will be on our side.

Think about it this way: if you have a business mindset and you have $1 million, you'll have plenty of ideas on how to grow that money. However, if you aren't business-minded, you might just think about how much you'll save and how much you'll spend. In the end, you might end up spending it all.

Hamphser, you can choose anything you want. Perhaps every person has a choice to make, the one that they feel is the best for them, but that doesn't mean that the other choices are what can leave one in regret, like Odunybiz said that "financial education can bring poverty. Well, don't also forget that some people who don't have knowledge about financial management can take the $1 million, and at the end of the day, they will lavishly spend all the money without putting any to good use. They can still become poor at the end of the day.