The Role of Education in Financial Literacy

[Dalib]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

[smile1218]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

I believe that hands-on experience is one of the best way to learn because once you had experienced the actual gaining profit and the losses.
But still education plays a crucial role in financial literacy. In education people can learn about important financial concepts such as budgeting, saving, investing and how to manage debts. With that individuals can do the right decisions about their finances and they can develop a good financial habits.
Everyone has different opinion on the role of education on Financial Literacy and I respect that. At the end of the day you will be responsible to your own financial literacy, so better yet study and research on your own.

[Darker45]

Actually, when it comes to fundamental financial literacy, it is more or less common sense. Here in my country, however, there is a growing demand that teachers, especially public school teachers, undergo financial literacy. That's basically because they seem to be the primary prey of loan sharks, investment scams, and all kinds of offers. Many of them fall to these schemes and are buried in loans.

I wonder why this is. They are educated people. I bet they must aware of basic money management, credit or loan management, responsible spending, saving, and so on. I guess this isn't about the lack of financial education anymore. It is more of financial self-discipline. It's more of overall awareness, of knowing how to distinguish risk and red flags, and not just in finance.

[adzino]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

Doesn't matter how much you study, how many books you read, how much economics you know and how many "expert" opinions you hear and follow. The crypto market doesn't follow the traditional market. You need to trade in order to understand the market. The more you trade, the better you will be. More naturally you will understand how the crypto market works. Yeah, basic finance and economic study might help, but don't think you will become an expert in crypto market if you are good at those.

[Dalib]

Doesn't matter how much you study, how many books you read, how much economics you know and how many "expert" opinions you hear and follow. The crypto market doesn't follow the traditional market. You need to trade in order to understand the market. The more you trade, the better you will be. More naturally you will understand how the crypto market works. Yeah, basic finance and economic study might help, but don't think you will become an expert in crypto market if you are good at those.

It's true that trading experience is crucial when it comes to understanding the cryptocurrency market. While studying economics and finance can be helpful, the cryptocurrency market is unique and often behaves differently than traditional markets.

As with any market, there are many factors that can influence the price of cryptocurrencies, including speculation, regulation, adoption, and overall market sentiment. Engaging in trading and closely monitoring market trends can help investors gain a more intuitive understanding of the mechanics of the cryptocurrency market.

That being said, it's important to approach trading with a cautious and disciplined approach, as the cryptocurrency market can be highly volatile and unpredictable.

[Helena Yu]

Financial literacy has been taught in high school or university, so what's the problem? not everyone interested in cryptocurrency and many governments aren't friendly with cryptocurrency, it don't need to be introduced as a subject. But some universities had added cryptocurrency and blockchain subject from few years ago and still exist until right now.

That being said, it's important to approach trading with a cautious and disciplined approach, as the cryptocurrency market can be highly volatile and unpredictable.

Most people are lose in trading, I'd say it's better for people to learn about hard skill e.g. engineering, agriculture, accounting, etc than trading because not everyone are successful by learn trading.

[yudi09]

Financial literacy has been taught in high school or university, so what's the problem? not everyone interested in cryptocurrency and many governments aren't friendly with cryptocurrency, it don't need to be introduced as a subject. But some universities had added cryptocurrency and blockchain subject from few years ago and still exist until right now.

What is taught in high school or at university is only the basic framework and each generation that is taught has differences along with updates on teaching material every year. The teaching material taught in high school is also different from what is taught at the university because the levels are also different, including our thoughts at high school and at the university.

Lessons in closed spaces such as high school or university classrooms are nothing compared to the education we get from outside interactions.

Let's just say those who are not interested in crypto are a small group that will bemoan their fate in the future while waiting for death to come.
For us, the government also doesn't matter much if they are not friendly with Bitcoin. At first glance I think some of them are personally very active with the crypto world especially in investing in Bitcoin. They just hide from superiors or leaders.

[Poker Player]

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

The problem is that governments are not interested in the population knowing about finance, they prefer them to be illiterate in this sense, otherwise much more content would be included in the curricula.

If people become aware of the swindle that is the monetary system or of the theft that inflation entails, it could lead too many people to be unhappy with the system, and that is not what those who benefit from it want.

On a personal level, today there are more resources than ever to acquire information with the internet, but you have to be willing to do so, and not everyone is. Part of it has to do with the conception that we have been inculcated since we were children to see money as evil, to think that all rich people are evil and things like that. If someone thinks that, it's better not to get informed, lest they get rich and become evil too, lol. At least that's the subconscious thinking in many cases.

[ancafe]

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

Financial literacy that I understand is related to how people can avoid addiction in taking loans, for example to fulfill a lifestyle like most people do now. That's why education in economics and finance can provide a solid foundation for people to live a normal life, when people aren't stuck with loans here and there every time they need money. Therefore this literacy is important to pave the way for people to avoid problems.

While the literacy relationship in the Cryptocurrency field may be slightly different, even though at first glance they have the same view, when people decide to get involved in bitcoin or cryptocurrency investments, the main thing that must be learned is about the problem, for example trading analysis and experience is needed so that you don't stuck with uncertain conditions, through learning we will gain experience because we will be taught together every time we try to invest.

[CarnagexD]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

There is almost unlimited information today to educate oneself about financial literacy. Be it on social media, news, or in day-to-day experiences. However, the most crucial part would be gathering the right information. Most people are flooded with knowledge but lacking wisdom. they know what they do on their own finance and business yet they don't do those things.

It is having the right mode and correct information about financial literacy and applying it to everyday life. That is how self-thought millionaires and investors do. They don't need higher education,  they are just disciplined enough to do and apply the right things in their life.

Money is a great tool to obtain freedom. But a person equipped with the right information and applying it to their lives is an asset.

[YinShuiSiYuan]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

There is almost unlimited information today to educate oneself about financial literacy. Be it on social media, news, or in day-to-day experiences. However, the most crucial part would be gathering the right information. Most people are flooded with knowledge but lacking wisdom. they know what they do on their own finance and business yet they don't do those things.

It is having the right mode and correct information about financial literacy and applying it to everyday life. That is how self-thought millionaires and investors do. They don't need higher education,  they are just disciplined enough to do and apply the right things in their life.

Money is a great tool to obtain freedom. But a person equipped with the right information and applying it to their lives is an asset.

This is very important step to educate our generation or next generation in financial literacy as most of them have still no idea about cryptocurrency and its meaning.  It is like other modes of currency and it is the future of finance now so now education sectors should add this concept and knowledge to their course work to educate people about future of finance  .

[cabron]

With the internet full of information, its easy to educate yourself about cryptocurrency as its not taught in universities.

Even the stock investing and forex trading is not taught in schools. I fould myself reading trading systems that I have no idea about its terms but had to dig in to learn. There are already computer based tutorials that we can buy these days. It should have been a good route to educate yourself with financial letiracy.

[ivankoh]

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

I agree. In today's digital age, the most important thing is to change awareness, thinking, and take the initiative in finding and learning facts flexibly. it is not just the scope of schools, education that we learn and train. Additional knowledge from a variety of sources also requires practice, enhancing our journeys of experience and continuous skill acquisition because it will be followed throughout our lives by the bond of money.

That is also the reason why we need to seriously learn and improve our knowledge every day as Marxist-Leninist philosophy has affirmed: "study, learn more, study forever".

[lovesmayfamilis]

OP, do you use AI? Your posts are checked for the fact that the text is written by AI.
Also, are you the real owner of the account? May I know how many hands this account has gone through?
https://bpip.org/Profile?p=Dalib

[Yamane_Keto]

Whatever your specialization, basic financial knowledge of the basics of saving, investment and taxes is necessary for everyone because you have to pay your expenses, which represent expenses, whether they are taxes or services such as electricity, water and others.Inflation in recent years has added a new equation so that you must learn more about money and investment, otherwise you will find yourself forced to look for a new job every few years.This financial knowledge will not come from books, but rather a combination of theoretical and practical knowledge.

[DiMarxist]

Some people argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher in life. Education is not only going higher institution or college, you learn something from someone who is advancing you you can learn something from your friends and families, even though you don't go to school you can learn things, any many things. Self-taught too is an education.

[bayu7adi]

Currently, the education system doesn't provide much knowledge that is relevant to the financial world. In fact, some government educational institutions don't even touch on financial matters at all. However, it's still not a bad idea to pursue formal education because it shows that you're still interested in learning and discovering new things.

Those who have a thirst for knowledge and always want to learn new things are more likely to comprehend and understand information easily. This is the positive impact of education on financial literacy.

Having a high level of education doesn't necessarily guarantee success. It's possible that someone may not be fortunate in the financial world despite their knowledge. However, someone with a strong educational foundation has the potential to succeed in their career or business endeavors because they know what actions to take.

[el kaka22]

Unfortunately this will not be given to children when they are grow up, not in places that would be acceptable for regular kids, sure in Eton College you may see a lot of financially related classes because they are cream of the crop and they do need a financial class considering they are already rich and need to learn how to stay rich. But for regular people, like where I can send my kid to? There won't be one.

There is a simple reason for that, which is the fact that if the whole world knew how to save, and how to invest, and how to be smart with their money, we would simply cut our consumption and instead focus on having 10 bad years when we are in our 20's and retire when we are 40 without needing anything else. It's possible, it's right there, and yet nobody knows how to do it. I learned it when I was 30 and doing it now, but I am already pretty late, will finish when I am 50+ which is already close enough to real retirement age anyway.

[Fortify]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

I think in the last ten years educators have really woken up to the fact that talking and teaching practical financial advice is important. I remember growing up and learning all sorts of sophisticated algebra and mathematical solutions that have rarely been needed in life. However knowing the basics of things like credit cards, loans, mortgages, interest rates, pensions, stocks, bonds, etc. can be revolutionary in the future prospects of younger generations. It's easy to fall into all sorts of predatory financial traps when you're young, but it's extremely hard to climb back out of them again - often setting back people many years or even decades of possible growth in their money.

[South Park]

snip

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

One of the things that in a way have always been a mystery to me is that despite people working for so many hours every day and doing so for so many decades they put forward so little effort to try to gain any kind of financial literacy, learning how to use your money in a way which is more effective will literally save you years of hard work, and if you also learn how to invest at a very early age you could retire at an age that is unimaginable for most people, something that is critical as we are seeing governments trying to raise the age at which you could retire at several countries right now.

[vv181]

Do note that finance and economics education is not a prerequisite and not equates to financial literacy.

Both subjects are intersected, but we did not have to deepen the subject of finance and economics to be able to comprehend what is financial literacy all about. Basic things like budgeting, debt management, credit, and saving and investing do not require specialization to put up into practice. As long as people have the right set of foundational skills, they should be good to go to improve their own financial literacy.

[naira]

Doesn't matter how much you study, how many books you read, how much economics you know and how many "expert" opinions you hear and follow. The crypto market doesn't follow the traditional market. You need to trade in order to understand the market. The more you trade, the better you will be. More naturally you will understand how the crypto market works. Yeah, basic finance and economic study might help, but don't think you will become an expert in crypto market if you are good at those.

Yes, you are right, theory and theory alone are not enough to show that someone is really proficient and able to control the situation in the crypto market. We have often heard what the OP said and it's easy to talk about ideally investing in crypto assets. But when it is in the field 99% will make decisions based on pressure and instinct while 1% of theory only remains in the reading book. Don't think that everything is easy, even people who have been in the crypto world for years always feel left behind if they don't pay attention to the fluctuating market.

[Zlantann]

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

There might be no subject titled financial literacy in some educational systems but some aspect of the concept forms part of the scheme of work in some subjects or courses taught in school. At least everyone was told the importance of savings and the dangers of spending above one's means. In school, we learned about the importance of budgeting and investment. Education offers a vague and broad level of financial literacy, it is now the responsibility of everyone to identify specific areas of interest. There is still a need to keep learning because the world is becoming ever-dynamic and complex. To become financially sound we must keep learning through different sources and gaining experience from practice.

Bitcoin and other cryptocurrency is an emerging area of financial literacy that is becoming a major force in the financial industry. Learning about the crypto space is a must for people that want to invest or be part of the sector. Information about this sector should be sourced from reliable channels because many people are claiming to be experts in the sector meanwhile they aim to defraud and misinform people.

[livingfree]

It should be taught while the kids are still young, like being thrifty. If it's stuck in their minds while they're kids, that shall have be remembered by them until they grow up.

At least, there's the initiative coming from the education sector and it should be part of their syllabus.

It's not just enough that someone earns a lot or has a lot of sources of income but then isn't good with money handling. That's why there's also a big industry on this one through finance managers and experts.

[$crypto$]

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

For now, actually when we talk about the education sector and financial management which are included in it, it will indeed help, but on the other hand, what I feel for now is that when we are too focused on the material, it is clear that not everything is good either.

In this case, of course, practice must be carried out, and when talking about crypto, I think learning more about this is clearly very good, but once again practice must be carried out in order to get results, which of course is a good experience in this case. although for sure in this case there will be some obstacles but still it would be very good to do considering in this case of course it is experience.
Doing it directly by going into the field without knowledge will also be very bad so both must be balanced with learning while practicing.

[Iadegbola34]

The increasing digitalization of the world has made financial literacy, especially in cryptocurrency, crucial. While some argue that practical experience is the best teacher, others believe education can provide a strong foundation in economics and finance, including critical thinking and risk assessment. Regardless, individuals should seek knowledge from various sources to succeed in the world of cryptocurrency, such as following news and social media, reading books and blogs, and seeking practical experiences.

[loopes]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

The role of financial literacy is a guider for the people to manage their money based on theory from the book or other sources.

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

I do not agree that not all of the financial literacy is always being expensive. You can search to the some website that provide digital literacy of bitcoin and crypto currency in general. You have to try visit website cointelegraph and read what you think it is important to know. For example you can read more from this out https://cointelegraph.com/learn/how-does-blockchain-work-everything-there-is-to-know and find some topic other in here https://cointelegraph.com/learn

[Oluwa-btc]

Actually, when it comes to fundamental financial literacy, it is more or less common sense. Here in my country, however, there is a growing demand that teachers, especially public school teachers, undergo financial literacy. That's basically because they seem to be the primary prey of loan sharks, investment scams, and all kinds of offers. Many of them fall to these schemes and are buried in loans.

I wonder why this is. They are educated people. I bet they must aware of basic money management, credit or loan management, responsible spending, saving, and so on. I guess this isn't about the lack of financial education anymore. It is more of financial self-discipline. It's more of overall awareness, of knowing how to distinguish risk and red flags, and not just in finance.

Rich Dad Poor Dad solves this... But I honestly think it should begin from them houses, I mean parents. Most teachers are not well informed or aware of what it means to be a financial literate. Though, it has nothing to do with having all of the money in the world.
Knowing how to manage money doesn't make one a financial literate.

There's a lot to be unlocked from that book by Robert Kiyosaki's book. Educational Systems all work with the government, in order not to eat enough people updated they've slacked when it comes to updating schemes and adding classes that deals with Financial Literacy.

[Darker45]

Actually, when it comes to fundamental financial literacy, it is more or less common sense. Here in my country, however, there is a growing demand that teachers, especially public school teachers, undergo financial literacy. That's basically because they seem to be the primary prey of loan sharks, investment scams, and all kinds of offers. Many of them fall to these schemes and are buried in loans.

I wonder why this is. They are educated people. I bet they must aware of basic money management, credit or loan management, responsible spending, saving, and so on. I guess this isn't about the lack of financial education anymore. It is more of financial self-discipline. It's more of overall awareness, of knowing how to distinguish risk and red flags, and not just in finance.

Rich Dad Poor Dad solves this... But I honestly think it should begin from them houses, I mean parents. Most teachers are not well informed or aware of what it means to be a financial literate. Though, it has nothing to do with having all of the money in the world.
Knowing how to manage money doesn't make one a financial literate.

What does financial literacy mean to you? I don't think teachers don't know what it is to be financially literate. They don't have to be a financial advisor or an investment manager of a huge company or a billionaire, anyway. They just have to properly manage their own personal finances. I'm referring to the most basic of things. It's merely literacy, after all. You don't have to be very sophisticated.

Many of them failed on as basic as spending less than they earn. Don't they know that? They failed on as basic as setting priorities. They have a couple of expensive phones, one is the latest iPhone, and yet they're borrowing money because their take home pay is not enough for them. They travel to expensive tourist spots on a loan. Every time somebody sells or demonstrates whatever to them-- a vacuum, speakers, supplements, Tupperware, even floor wax-- for as long as it's months to pay, they'd buy. These things are basic in financial literacy.

[Kakmakr]

You can quickly determine someones financial literacy, when you ask them what gives value to fiat currencies. So, the person will first ask you what Fiat currencies are..... then they will say that Fiat currencies are backed by Gold.

A lot of them does not even know what inflation is and how it is calculated. So, the basics of financial literacy is lacking, because the governments are not providing their citizens with the knowledge (educational system) to teach them.

Why? Well, if they know that a signature, printed on a piece of paper or a simply a promise from a government are backing Fiat currencies, then they will consider looking for something else.

[irhact]

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

All this are very important but if you don't have your own personal experience in the market then all this other knowledge would not make much difference. When you compare a trader that has all the education anybody can get on trading without an actual trading experience to a pro trader that has been trading for years, you'll identify the difference after they're done trading.

Education is very important but not as much as experience is and you shouldn't think getting other people experience can replace your personal experiences. It might get you through some things but you'll need your own experience to proper in this cryptocurrency industry.

[DevilSlayer]

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

All this are very important but if you don't have your own personal experience in the market then all this other knowledge would not make much difference. When you compare a trader that has all the education anybody can get on trading without an actual trading experience to a pro trader that has been trading for years, you'll identify the difference after they're done trading.

Education is very important but not as much as experience is and you shouldn't think getting other people experience can replace your personal experiences. It might get you through some things but you'll need your own experience to proper in this cryptocurrency industry.

Education is something that we treasure and we should not ignore it like majority of the people doing, the misconception is that education will finish after you graduated at college. The truth is the real education will start once you graduated and gain experience in the real world, people who already graduated stop seeking education and that is the main reason why they are financial illiterate. Lack of information is the problem why many people lose money in crypto industry, they think that they can easily make money once they make investment without considering investing in their education first because it can serve as foundation that they can use in order to make huge gains.

Look at the most successful traders and investors currently, they are on different level because they keep investing in their education. Even now, they are still learning and gaining a lot of knowledge that can help their performance to improve. The thing is, we should focus on our education especially if we want to become a profitable trader and investors.

[Iadegbola34]

The world of finance is evolving rapidly with the rise of cryptocurrencies, and financial literacy has become more crucial than ever. The text provides valid arguments for both sides of the debate regarding the role of education in financial literacy. While education in economics and finance can provide a strong foundation for success, practical experience is equally important. However, it is essential to note that financial literacy is not just about investing and managing assets but also about understanding the risks involved.

Therefore, individuals should seek out knowledge from a variety of sources, including both theoretical knowledge and practical experience. Education in economics and finance can help develop skills such as critical thinking and data analysis, but practical experience can provide valuable lessons that are not taught in classrooms. It is also essential to stay up-to-date with the latest news and trends in the world of finance and investments.

In conclusion, financial literacy is a continuous learning process, and individuals should seek knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency.

[Cryptock]

The world of finance is evolving rapidly with the rise of cryptocurrencies, and financial literacy has become more crucial than ever. The text provides valid arguments for both sides of the debate regarding the role of education in financial literacy. While education in economics and finance can provide a strong foundation for success, practical experience is equally important. However, it is essential to note that financial literacy is not just about investing and managing assets but also about understanding the risks involved.

Therefore, individuals should seek out knowledge from a variety of sources, including both theoretical knowledge and practical experience. Education in economics and finance can help develop skills such as critical thinking and data analysis, but practical experience can provide valuable lessons that are not taught in classrooms. It is also essential to stay up-to-date with the latest news and trends in the world of finance and investments.

In conclusion, financial literacy is a continuous learning process, and individuals should seek knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency.

it is a good thing to learn but these days we have so much distraction that we waste so much time on social media
I wish to follow most of the suggestion in the forum but I am not a good learner though

[Vaskiy]

Not on the bitcoin, but there is a need of financial literacy commonly. All around the world it is possible to financial experts, but when we take the basic understanding the common people have around we'll see a big percentage. Mostly people are got used to their professional career, beyond that they don't think as well as calculate much. Even before the existence of technology atleast people make some calculation while paying and during the time of transactions. Now the digital payments have stopped it, as we just tend to type the amount and send it.

[Amphenomenon]

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Those who support this notion should first check the meaning of education (being self-taught is still education), education in finance is necessary for everyone, if it was not why every business or individual manage their finances and also education is not something one get from school only, as you see we all can learn from this forum and its free.
Financial literacy is important in every person's life

[BitcoinPanther]

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

I agree that practical experience is the best teacher but it will take eons for a person to experiment and study feasibility if they don't have any foundation on how to do it.  They maybe self-thought but the methods are not self-discovered because they just copy it from the successful person.

Proper education is still needed to not waste time for trial and error.  With proper education, a person can also save resources since they will be informed of different knowledge about financial literacy.  And mostly proper education is thought in schools.

Combination of theory and application is the safest and fastest way to do things especially when involves finances.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

Education is no doubt the most important in financial literacy, whether a person needs a formal or informal education, depends on the person's financial capability and belief.

[wajik-tempe]

It's crucial to learn from experienced investors. You may gain insightful market knowledge by joining online groups and following seasoned cryptocurrency investors on social media. You may make better investing selections by gaining knowledge from the experiences, triumphs, and mistakes of others. Also important is actual experience: Although education is key, real-world experience is essential to fully comprehend the intricacies of bitcoin investing. You may gain practical experience in risk management, market analysis, and decision-making by starting with a small investment and monitoring its performance.

[YinShuiSiYuan]

It's crucial to learn from experienced investors. You may gain insightful market knowledge by joining online groups and following seasoned cryptocurrency investors on social media. You may make better investing selections by gaining knowledge from the experiences, triumphs, and mistakes of others. Also important is actual experience: Although education is key, real-world experience is essential to fully comprehend the intricacies of bitcoin investing. You may gain practical experience in risk management, market analysis, and decision-making by starting with a small investment and monitoring its performance.

Now as the world has developed alot in financial terms and now things are not just about money you have plenty of new coins in market who are worth millions of dollars so yes financial literacy is extremely important to educate kids and students about the diversity of financial world .
 So that If they want to enter in this crypto world in future they know what to do and where to go.

[iv4n]

OP, do you use AI? Your posts are checked for the fact that the text is written by AI.

Nice catch! "Tell us if we guess it right" is the funny part, I wonder if OP will respond.

The problem is that governments are not interested in the population knowing about finance, they prefer them to be illiterate in this sense, otherwise much more content would be included in the curricula.

If people become aware of the swindle that is the monetary system or of the theft that inflation entails, it could lead too many people to be unhappy with the system, and that is not what those who benefit from it want.

On a personal level, today there are more resources than ever to acquire information with the internet, but you have to be willing to do so, and not everyone is. Part of it has to do with the conception that we have been inculcated since we were children to see money as evil, to think that all rich people are evil and things like that. If someone thinks that, it's better not to get informed, lest they get rich and become evil too, lol. At least that's the subconscious thinking in many cases.

If only people become aware of the system... but most people don't wish to bother with learning more, they simply think they know everything they need. And now a lot of things are available for free, people just need to have some wish and will to get deeper into something.

I asked a lot of people (from 15 to 65 years old) do they know how money is created, what affects the value of money, what is a centralized/decentralized system and other similar questions... many of them had no idea about anything, nor did they have any desire to learn more. And of course, governments suit that ignorance... While they spread hate and stupidity in public they are making huge financial manipulation in secret. For an ignorant person, it's easier to say "Foreign agents and spies are to blame for everything" than to learn more about how our own government is fucking us actually. And it's the 21st century... maybe things will get better in the next one.

[Yatsan]

Point here is that, not because you have the capability in terms of financial aspect, you'd already be financially literate or aware. Education would play a key role in order to execute and refine the idea of how money should be handled on investments or even with savings. Perhaps most of us knows how to save money but not all people could utilize money to make it bigger without being exposed to big risk. This is how beneficial financial literacy is and how education helps to simply make all these ideas more efficient.

It's crucial to learn from experienced investors. You may gain insightful market knowledge by joining online groups and following seasoned cryptocurrency investors on social media. You may make better investing selections by gaining knowledge from the experiences, triumphs, and mistakes of others. Also important is actual experience: Although education is key, real-world experience is essential to fully comprehend the intricacies of bitcoin investing. You may gain practical experience in risk management, market analysis, and decision-making by starting with a small investment and monitoring its performance.

Now as the world has developed alot in financial terms and now things are not just about money you have plenty of new coins in market who are worth millions of dollars so yes financial literacy is extremely important to educate kids and students about the diversity of financial world .
 So that If they want to enter in this crypto world in future they know what to do and where to go.

Financial literacy is not limited to currencies alone. It is the extent of being knowledgeable on how would an individual handle and make use of his/her money. Also, with investments, there are various option nd not only in this industry.

[bangjoe]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

I think this is talking about Crypto literacy for finance, and more leads to investment if you think about it.
Financial literacy is indeed very important, education obtained is also the result of an analysis study that can be trusted, so that we can conclude a thought about the world of finance.
I believe in the financial world, which is to plunge directly into it than understanding the theory too deep, because the finances emphasized are the experience and mentality of using money, fundamentals are difficult to get, because if only limited to today theory we can get it anytime and Anywhere using the internet, it's much easier. But if reading the mentality in managing money it will be very difficult to understand if you do not have a good mentality and experience in managing money let alone large amounts of money.
Likewise in the world of digital currencies or cryptocurrency it will get good output if we have a good mentality in finance.

[Twentyonepaylots]

It's crucial to learn from experienced investors. You may gain insightful market knowledge by joining online groups and following seasoned cryptocurrency investors on social media. You may make better investing selections by gaining knowledge from the experiences, triumphs, and mistakes of others. Also important is actual experience: Although education is key, real-world experience is essential to fully comprehend the intricacies of bitcoin investing. You may gain practical experience in risk management, market analysis, and decision-making by starting with a small investment and monitoring its performance.

I agree since although it would be of great advantage if a proper education would be used, knowledge in this digital era today is easy to acquire if you would just put an effort to do so. There is no doubt that being knowledgeable makes you aware on the benefits of being financially literate, but if we dont make use of these knowledge by applying it on the first hand experiences it would just stay as a thought. So, we should apply what we know and continuously improved what we know so that we can use it and apply it in our financial decisions so that we can be fully financially literate in the future.

[slapper]

Financially capable? It's like fiscally skating. Cryptocurrency lingo and price fluctuations confusing? Simply amazing. Who can afford schools? Is a banking or economics expertise even beneficial in crypto's ever-changing landscape?

Learning through doing is appealing. Isn't that life's purpose? Find crypto's missing fortune! Enjoy yourself whether you're a bookworm or an explorer. Why not join the ever-changing crypto world?

[Accardo]

The role of Education in financial literacy is simple, ability to read and write. It's genuine that the educational system didn't teach meaningful things that suits the livelihood of many who paid tuition fees to become professionals in a specific fields. But, I'd say that no knowledge should be considered unworthy of learning. These student may not learn financial literacy regarding cryptocurrency in school, but if they learnt business in school or economics it won't be a hassle to understand how cryptocurrency works. If its not thought in school that doesn't mean student shouldn't learn it themselves. I mean so many things we practice today wasn't thought in classes yet some students learnt that while in school in their hostels, even some students heard bitcoin for the first time from school friends. I'd say that Education is indeed playing a role in financial literacy regardless of its lesser percentage of contribution.

[puloweh555]

What is certain is that trading in the crypto market the best way is to understand the market. As with all forms of investing, practical experience and practice is the key to getting better at trading the crypto market. However, I want to emphasize that financial literacy education, learning and deepening knowledge of the basics of finance and economics remains important. By understanding these basic principles, you can build a solid foundation of knowledge to understand crypto market movements. In addition, searching for information on social media and listening to the views and advice of people who are knowledgeable about trading can provide valuable insights into market trends and the factors that affect the price of crypto assets. However, despite all that experience and practice with live trading remains the key to getting better at trading in the crypto market.

So, I think to be successful in trading in crypto market, you have to combine basic knowledge of finance and economics with practical experience and trading regularly in crypto market it will be great for your financial future.

[South Park]

The role of Education in financial literacy is simple, ability to read and write. It's genuine that the educational system didn't teach meaningful things that suits the livelihood of many who paid tuition fees to become professionals in a specific fields. But, I'd say that no knowledge should be considered unworthy of learning. These student may not learn financial literacy regarding cryptocurrency in school, but if they learnt business in school or economics it won't be a hassle to understand how cryptocurrency works. If its not thought in school that doesn't mean student shouldn't learn it themselves. I mean so many things we practice today wasn't thought in classes yet some students learnt that while in school in their hostels, even some students heard bitcoin for the first time from school friends. I'd say that Education is indeed playing a role in financial literacy regardless of its lesser percentage of contribution.

It should be obvious that the system is working as intended, if governments wanted a financial literate population they could have it by teaching since an early age how the economy works, the history of money, money management and other important topics, but if people knew that information do you think they will approve of the fiat system currently in place? Or the way the banking system works? So governments prefer to keep people ignorant about those topics so they can exploit them as they want.

[tabas]

It's so true that one who understands economics and financial education doesn't mean that they're all financially literate at all or they're already experiencing financial freedom. And that's because the practice itself will still reflect on what makes someone financially free. But it's best to have an idea and at least basic knowledge or education about financial literacy. It's one way for someone to understand how money works and how they can let their money work for them. Because without such, yeah, they can learn on their own but it might be a rough road for them as experience will teach them with that.

[AnonBitCoiner]

Education is necessary but it doesn't mean that economic status of individual cannot be better without education because there are large number of jobs which don't need any graduation just abilities of work are preferred.

I have seen huge number of individuals who don't have any degree but they are economically successful but there are also large number of individuals who search jobs but they don't get any even they have gain very higher education and have degrees in their hands.

So it's sometimes a matter of fate because some people are financially stable without degrees and some are not even having degrees so just get education and then do your best what you can while leave the rest to be best for you.

[siniminomorocomunisakito]

It's so true that one who understands economics and financial education doesn't mean that they're all financially literate at all or they're already experiencing financial freedom. And that's because the practice itself will still reflect on what makes someone financially free. But it's best to have an idea and at least basic knowledge or education about financial literacy. It's one way for someone to understand how money works and how they can let their money work for them. Because without such, yeah, they can learn on their own but it might be a rough road for them as experience will teach them with that.

Interesting and easy to understand. if I may take the common thread everyone should be better prepared to navigate the complexities of personal finance in order to make informed investment decisions and ultimately achieve their financial goals. financial literacy "We control money, not money controls us".

[justdimin]

Education is necessary but it doesn't mean that economic status of individual cannot be better without education because there are large number of jobs which don't need any graduation just abilities of work are preferred.

I have seen huge number of individuals who don't have any degree but they are economically successful but there are also large number of individuals who search jobs but they don't get any even they have gain very higher education and have degrees in their hands.

So it's sometimes a matter of fate because some people are financially stable without degrees and some are not even having degrees so just get education and then do your best what you can while leave the rest to be best for you.

But that is not the case, there are a lot more people who graduated college these days, that is how we were wired for a long time, decades even, because people who had degrees made a lot more money compared to people who didn't back in the day, so everyone who were a blue collar worker ended up thinking that the white collars made more than them and they should teach their children to get a degree, and white collars saw blue collars made less than them so they told their kids to get a degree as well.

Now that's not the case, blue collars may make more than some of the white collar ones unless it's an executive position, it's considered "dirtier" job but it pays a lot better because there are more graduates and less people willing to work for those "dirty" jobs.

[Captain Corporate]

Another thing to keep in mind is the fact that money is ever changing, we do not face the same financial situations as our fathers did, nor did they with their grandfathers. For example back in the day they tried to find a way to buy a fridge, now since that's such a common thing, we deal with the latest phones, that will be easy for our children and they will have something else, our grandfathers had to deal with cars (not if you are in the USA) so each generation faces different type of consumerism and they all try to get something else. I believe that the logic might be similar, but if you teach kids one thing, in 30 years they will face something totally different and that study will be not optimal, so it is very important to teach the basics of it, and not a niche subject.

[passwordnow]

financial literacy "We control money, not money controls us".

This and it's the one that's working for us and we're not the one that works for it. When we achieve that moment that we're just investing here and there and gaining passive income from the money that we've worked hard for, that's the true meaning of being literate in finance.
You know how to spend and at the same time, you also know how to acquire money based on what you've learned from these literacy lectures that you've read, watched, or mentored to you. Another thing is that even if you've reached the peak of your life you don't need to work anymore and you're financially free, your feet stay on the ground.

[southerngentuk]

While it is valuable to have a theoretical understanding of economic and financial concepts, it does not automatically translate into financial literacy or guarantee financial freedom. But experience and practice are key to achieving financial literacy and freedom. In addition, financial education can empower individuals to understand how money works, develop budgeting and savings skills, make informed investment decisions, manage debt, and plan for the future. So knowing what you need is the right choice for you.

[AmoreJaz]

While it is valuable to have a theoretical understanding of economic and financial concepts, it does not automatically translate into financial literacy or guarantee financial freedom. But experience and practice are key to achieving financial literacy and freedom. In addition, financial education can empower individuals to understand how money works, develop budgeting and savings skills, make informed investment decisions, manage debt, and plan for the future. So knowing what you need is the right choice for you.

of course, don't expect that you won't be having money problems if you think you got the mastery in the theoretical part of it. you still need to work out on strategies, techniques or whatever you call it to gain such financial skills. remember, most tricks are not learned from the four corners of our schools. the real battle is once you are already on the field. the theoretical would just guide us but the real scenario would be different. sometimes you can't apply what you learned but you would be surprised how common sense will help you get thru most of the times.

[tabas]

It's so true that one who understands economics and financial education doesn't mean that they're all financially literate at all or they're already experiencing financial freedom. And that's because the practice itself will still reflect on what makes someone financially free. But it's best to have an idea and at least basic knowledge or education about financial literacy. It's one way for someone to understand how money works and how they can let their money work for them. Because without such, yeah, they can learn on their own but it might be a rough road for them as experience will teach them with that.

Interesting and easy to understand. if I may take the common thread everyone should be better prepared to navigate the complexities of personal finance in order to make informed investment decisions and ultimately achieve their financial goals. financial literacy "We control money, not money controls us".

Yeah, it all comes on how prepared and knowledgeable you are. These additional knowledge that we learn in finance, economics and other money stuff doesn't gives us the guarantee that we'll be successful and earn a lot. But with this, it's an advantage from the rest that have nothing to start with. It's making us prepared on how to take necessary actions if it's come to financial goals that we're setting for ourselves and this isn't just all about temporary goals but about the future finances and status that we're aiming.

[nesty]

To equip yourself with essential knowledge to succeed in the world of crypto currency we need to do the following:
Research and study about the basics of cryptocurrency on how to use the blockchain technology and wallets. To enhance more knowledge try to join crypto currency communities on social media platforms to be updated on the latest trends and discussion about crypto currencies. You can also follow reputable sources for news and analysis about cryptocurrencies. Always be mindful on the risks involved in crypto currency and consider investing in a diverse portfolio to avoid such losses.

[kryptqnick]

I believe in the power of education because it can act as a preventive measure to make the experience less risky, more enjoyable. However, education can come from very different places. I wish we had a good financial literacy course at school or at least at the university, but both failed me significantly because we didn't study Economics at school (we were only supposed to hand in a business plan at the end of the year without having classes about anything) and our Economics professor at the university was an old Marxist guy who focused on class struggle and the lack of redistribution every single lesson. Most of what I understand about the economy came from reading other things on other courses later and from Bitcointalk, actually. Well, not just the forum threads, but also reading additional stuff to understand the topics discussed on the forum over the years.

[Findingnemo]

I am one of the kind who believes education and knowledge is completely different but most people confuse and think both as same so when they get their graduation they think they know everything but in reality no they just know something while knowledge comes from real life experience which will be really helpful for moving towards financial literacy.

Even someone who got batchelor degree in economics may not have complete idea of what is money, financial management, risk assessment and a lot other things but a business man with little education knows everything better than a graduate.

[ultrloa]

I am one of the kind who believes education and knowledge is completely different but most people confuse and think both as same so when they get their graduation they think they know everything but in reality no they just know something while knowledge comes from real life experience which will be really helpful for moving towards financial literacy.

Even someone who got batchelor degree in economics may not have complete idea of what is money, financial management, risk assessment and a lot other things but a business man with little education knows everything better than a graduate.

The main thing achieve on getting proper education is you are literate and will not easily get fooled by anyone. Your main point is really different since there's something we cannot learn in school but we can learn thru experience and its a big plus for us if we are properly educated since we can counteract with people we meet thru the challenge we are facing on employment or to the business venture we are trying to pursue.

Unlike if you are uneducated many discrimination can possibly appear and for sure many people will think about you are easily get fooled because you don't have diploma to show. Also trust is so low because many think that you cannot make it so its really better to have good education to avoid negative thinking about your capabilities.

[naikturun]

With the internet full of information, its easy to educate yourself about cryptocurrency as its not taught in universities.

Even the stock investing and forex trading is not taught in schools. I fould myself reading trading systems that I have no idea about its terms but had to dig in to learn. There are already computer based tutorials that we can buy these days. It should have been a good route to educate yourself with financial letiracy.


[/quote

the internet has made it easier than ever to educate oneself about various financial topics, including cryptocurrency, stock investing, and forex trading. With a wealth of information available online, individuals can access tutorials, articles, videos, and other educational resources to learn about these topics and develop their financial literacy.

[isaac_clarke22]

It's so true that one who understands economics and financial education doesn't mean that they're all financially literate at all or they're already experiencing financial freedom. And that's because the practice itself will still reflect on what makes someone financially free. But it's best to have an idea and at least basic knowledge or education about financial literacy. It's one way for someone to understand how money works and how they can let their money work for them. Because without such, yeah, they can learn on their own but it might be a rough road for them as experience will teach them with that.

Not sure if the same goes for the education system  in other countries, but's kinda sad that in universities, it's all just textbook knowledge even if you're major in business courses (BS-HRM, BSE, BSBA, etc). There are still graduates that do not know how the hell debt works and even the basics of interest and stuffs then in the end, they're all getting screwed up by these boomer scums that takes advantage of these zoomer generation of graduates.

Practical courses like those I mentioned should have been more on application rather than sticking to textbooks. Good thing that in my own field of SWE, I was a self taught.

the internet has made it easier than ever to educate oneself about various financial topics, including cryptocurrency, stock investing, and forex trading. With a wealth of information available online, individuals can access tutorials, articles, videos, and other educational resources to learn about these topics and develop their financial literacy.

I believe you misquoted, naikturun but anyways, although you're indeed right as the 90% of my learnings in my field were all from the internet (SO, Youtube, W3), you'll never know how would you apply those knowledge yet in real life unless you did experience it.

[Findingnemo]

I am one of the kind who believes education and knowledge is completely different but most people confuse and think both as same so when they get their graduation they think they know everything but in reality no they just know something while knowledge comes from real life experience which will be really helpful for moving towards financial literacy.

Even someone who got batchelor degree in economics may not have complete idea of what is money, financial management, risk assessment and a lot other things but a business man with little education knows everything better than a graduate.

The main thing achieve on getting proper education is you are literate and will not easily get fooled by anyone. Your main point is really different since there's something we cannot learn in school but we can learn thru experience and its a big plus for us if we are properly educated since we can counteract with people we meet thru the challenge we are facing on employment or to the business venture we are trying to pursue.

Unlike if you are uneducated many discrimination can possibly appear and for sure many people will think about you are easily get fooled because you don't have diploma to show. Also trust is so low because many think that you cannot make it so its really better to have good education to avoid negative thinking about your capabilities.

No, I completely disagree, you will not be discriminated against if your are uneducated but due to the unsuccessful in making money that is the hard reality. I know lots of educated fools all over the world who have been chasing their life under some uneducated boss who sit at the top and dictates what all others should do and the position of boss can't be obtained by education so-called degree and that is what I am trying to say.

Its good to learn the basic things but since we can learn everything online without paying thousands of dollars on college as tuition fees I feel is a complete waste of money and valuable time cause we can complete that degree in a month or two depending on how much we are committed to gain the knowledge not that degree certificate.

[MFahad]

Education is needed to known well about anything and in my opinion without education a person is blind he cannot get the things easily. A person can get financial stability without education but if education and experience both are used in some field of life then success rate of such job will increases. I think educations should be compulsory because there are few jobs which does not have any requirements of degrees but not all the individuals are involved in that so if you have degrees you can do any job without any problem.

[khiholangkang]

I am one of the kind who believes education and knowledge is completely different but most people confuse and think both as same so when they get their graduation they think they know everything but in reality no they just know something while knowledge comes from real life experience which will be really helpful for moving towards financial literacy.

Even someone who got batchelor degree in economics may not have complete idea of what is money, financial management, risk assessment and a lot other things but a business man with little education knows everything better than a graduate.

The main thing achieve on getting proper education is you are literate and will not easily get fooled by anyone. Your main point is really different since there's something we cannot learn in school but we can learn thru experience and its a big plus for us if we are properly educated since we can counteract with people we meet thru the challenge we are facing on employment or to the business venture we are trying to pursue.

Unlike if you are uneducated many discrimination can possibly appear and for sure many people will think about you are easily get fooled because you don't have diploma to show. Also trust is so low because many think that you cannot make it so its really better to have good education to avoid negative thinking about your capabilities.

No, I completely disagree, you will not be discriminated against if your are uneducated but due to the unsuccessful in making money that is the hard reality. I know lots of educated fools all over the world who have been chasing their life under some uneducated boss who sit at the top and dictates what all others should do and the position of boss can't be obtained by education so-called degree and that is what I am trying to say.

Its good to learn the basic things but since we can learn everything online without paying thousands of dollars on college as tuition fees I feel is a complete waste of money and valuable time cause we can complete that degree in a month or two depending on how much we are committed to gain the knowledge not that degree certificate.

As far as I monitor my friends who are educated in economics, they only focus on how to make money and prestigious job positions, without really learning how to manage finances, what's even sadder is that they don't really understand money.

What is even more harshly discriminated against is when you have an educational degree but can't make money, that is much more painful in my opinion, because there will be many bad points for the graduate. But the orientation is the same, people will judge on how you can make money, not on the title.

That's right, I agree with you, that we can learn the basics online, without the huge time and expense involved in the educational curriculum under educational institutions, but yes, people in the 20th century trusted more in people with educational degrees. who are oriented where they can work in large companies with large salaries, and most companies have standard graduates or degrees to get a decent position in the company. Just to correlate what you said, people without degrees can hire those with degrees.

[molsewid]

Education is needed to known well about anything and in my opinion without education a person is blind he cannot get the things easily. A person can get financial stability without education but if education and experience both are used in some field of life then success rate of such job will increases. I think educations should be compulsory because there are few jobs which does not have any requirements of degrees but not all the individuals are involved in that so if you have degrees you can do any job without any problem.

Education with experience makes a person unstoppable. Some of the people are educated but still not financial literate maybe because they don't have enough time to learn it or it is not their priority but then it should be a priority since it will give us a large impact in our finances and it will help us to manage future events in the future. Some people learn financial literacy through experience.

[Accardo]

Education is needed to known well about anything and in my opinion without education a person is blind he cannot get the things easily. A person can get financial stability without education but if education and experience both are used in some field of life then success rate of such job will increases. I think educations should be compulsory because there are few jobs which does not have any requirements of degrees but not all the individuals are involved in that so if you have degrees you can do any job without any problem.

Education with experience makes a person unstoppable. Some of the people are educated but still not financial literate maybe because they don't have enough time to learn it or it is not their priority but then it should be a priority since it will give us a large impact in our finances and it will help us to manage future events in the future. Some people learn financial literacy through experience.

Experience is the best teacher they say, but to step ahead amongst experienced people education is required. We are in a world where the next person takes over a position with few experiences they've got in their resume than other contenders. Indeed an experienced person with Education is unstoppable that's if they realize it. Achieving the goal requires determination and perseverance skills or qualities the school doesn't teach, it emits from people who are unstoppable. Many experienced and educated people don't utilize such qualities and they end up being stopped by critical life conditions like capital, poor environment, or excuses. Every one that is financially literate should practice often else they may not level up on top news or information disseminating in the niche or industry.

[Gyfts]

I think in the last ten years educators have really woken up to the fact that talking and teaching practical financial advice is important. I remember growing up and learning all sorts of sophisticated algebra and mathematical solutions that have rarely been needed in life. However knowing the basics of things like credit cards, loans, mortgages, interest rates, pensions, stocks, bonds, etc. can be revolutionary in the future prospects of younger generations. It's easy to fall into all sorts of predatory financial traps when you're young, but it's extremely hard to climb back out of them again - often setting back people many years or even decades of possible growth in their money.

The younger generation, despite having access to the internet, have little economic literacy. Blame it on the education system or what have you, doesn't change the fact these people are missing out the early years of their life from investing.

Early investments mean compounded growth over a longer period of time. Granted the younger generation don't have a lot to invest, still, small amounts invested early accrue larger growth over 30-40 years than large amounts of funds invested for a shorter period.

...

These AI checkers are hilariously unreliable. Still an important discussion to be had, IMO. AI or not. Financial literacy is at an all time low despite living in a world where information is virtually free.

[gaston castano]

Actually, when it comes to fundamental financial literacy, it is more or less common sense. Here in my country, however, there is a growing demand that teachers, especially public school teachers, undergo financial literacy. That's basically because they seem to be the primary prey of loan sharks, investment scams, and all kinds of offers. Many of them fall to these schemes and are buried in loans.

I wonder why this is. They are educated people. I bet they must aware of basic money management, credit or loan management, responsible spending, saving, and so on. I guess this isn't about the lack of financial education anymore. It is more of financial self-discipline. It's more of overall awareness, of knowing how to distinguish risk and red flags, and not just in finance.

You make a good point that financial literacy alone may not be enough to prevent people from falling prey to scams and high-interest loans. Financial self-discipline and awareness are also critical factors in making sound financial decisions.
While basic financial literacy is important, it is also important to recognize that people's financial behaviors are influenced by a wide range of factors, including cultural norms, social pressures, and emotional responses to money. In some cases, people may be aware of sound financial principles but still struggle to implement them in practice due to these other factors.

[Taskford]

Actually, when it comes to fundamental financial literacy, it is more or less common sense. Here in my country, however, there is a growing demand that teachers, especially public school teachers, undergo financial literacy. That's basically because they seem to be the primary prey of loan sharks, investment scams, and all kinds of offers. Many of them fall to these schemes and are buried in loans.

I wonder why this is. They are educated people. I bet they must aware of basic money management, credit or loan management, responsible spending, saving, and so on. I guess this isn't about the lack of financial education anymore. It is more of financial self-discipline. It's more of overall awareness, of knowing how to distinguish risk and red flags, and not just in finance.

You make a good point that financial literacy alone may not be enough to prevent people from falling prey to scams and high-interest loans. Financial self-discipline and awareness are also critical factors in making sound financial decisions.
While basic financial literacy is important, it is also important to recognize that people's financial behaviors are influenced by a wide range of factors, including cultural norms, social pressures, and emotional responses to money. In some cases, people may be aware of sound financial principles but still struggle to implement them in practice due to these other factors.

Even if how high your educational attainment but if you get eaten by your greed and will not believe on other people says that this is scam still your education attainment is useless. Financial literacy is needed but it also need a accurate presentation so that people would realize the big risk about the actions they do especially when they are been greedy to seek for more profit or want to earn huge by doing nothing.

Also maybe its good to update those warning since people now dealing each other online so I guess good for those politician to write up new guidelines about scam and teach people to have critical thinking on each investment they wanna take.

[Mpamaegbu]

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher.

I'm in this group. I believe lessons from experience are of more use than whatever knowledge that's derived from books. Book knowledge is overrated and that's why many have erroneously labelled formal education as a scam. If it weren't so, those who went to school to acquire financial literacy are supposed to be among the wealthy but that's not so. The top richest men in my country aren't that financially literate. They learnt that on the job and not from any four walls of a tertiary institution.

[Findingnemo]

Snip~
.
.
 but yes, people in the 20th century trusted more in people with educational degrees. who are oriented where they can work in large companies with large salaries, and most companies have standard graduates or degrees to get a decent position in the company. Just to correlate what you said, people without degrees can hire those with degrees.

Well, since 2020 many big companies including Google, Facebook, Tesla and lot others started to hire employees based on their skills not with their degree and I am not sure how many people with no graduate entered into companies but I remember few of the individuals who entered into Google by learning everything online and never went to college to get that knowledge which proves that the certificates become obsolete and companies looking for skills.

[Lorence.xD]

Snip~
.
.
 but yes, people in the 20th century trusted more in people with educational degrees. who are oriented where they can work in large companies with large salaries, and most companies have standard graduates or degrees to get a decent position in the company. Just to correlate what you said, people without degrees can hire those with degrees.

Well, since 2020 many big companies including Google, Facebook, Tesla and lot others started to hire employees based on their skills not with their degree and I am not sure how many people with no graduate entered into companies but I remember few of the individuals who entered into Google by learning everything online and never went to college to get that knowledge which proves that the certificates become obsolete and companies looking for skills.

If you have the experience and skills of course, but if you are just a fresh graduate and a kid who doesn't have much experience in the work field for sure the your education background would help you to get hired from companies. And that's true if you don't want degree you could still earn certificates online where they teach people for free, you could even learn from youtube but still it would be better to attend seminars so you could add it in on your resume.

[Baoo]

I absolutely agree with what you said OP. In addition to that, it is regrettable how too many people don’t give a value about the education especially when it comes to sources of funds or income like crypto investment, they end up making hasty and terrible decisions , taking unplanned risks and losing their capital as a result in a short period. In fact, it is certain that Bitcoin is able to give you a short cut way to reach financial freedom However , without educating yourself and learning investing basics, you won’t achieve it. Moreover, there is a plenty of benefits of financial literacy, it could help you to attain life aims in an easy way

[hannahB4]

In anything we do knowledge is power, it doesn't matter what it might be because you won't be easily erroneously swayed away. Education increases our reasoning and understanding to an extent generally; because what you know basis about the application will differ from the ones you don't know.

[disconnectme]

Education does help in some areas but I just feel it has more to do with self-discipline, you don't need to go to school to learn about money, we have seen a lot of MBA guys that help destroyed big companies and banks. Self-discipline and Greed management are two things that one needs to look into, if you are very discipline you are likely to make it and after making it, the taste for more can destroy what you already have because you won't be able to satisfy it, it is just like sand in the desert you are pouring water into it and since man's want are insatiable you keep wanting more and taking the risk that will eventually destroy all you have built

[Theones]

OP, do you use AI? Your posts are checked for the fact that the text is written by AI.

Nice catch! "Tell us if we guess it right" is the funny part, I wonder if OP will respond.

The problem is that governments are not interested in the population knowing about finance, they prefer them to be illiterate in this sense, otherwise much more content would be included in the curricula.

If people become aware of the swindle that is the monetary system or of the theft that inflation entails, it could lead too many people to be unhappy with the system, and that is not what those who benefit from it want.

On a personal level, today there are more resources than ever to acquire information with the internet, but you have to be willing to do so, and not everyone is. Part of it has to do with the conception that we have been inculcated since we were children to see money as evil, to think that all rich people are evil and things like that. If someone thinks that, it's better not to get informed, lest they get rich and become evil too, lol. At least that's the subconscious thinking in many cases.

If only people become aware of the system... but most people don't wish to bother with learning more, they simply think they know everything they need. And now a lot of things are available for free, people just need to have some wish and will to get deeper into something.

I asked a lot of people (from 15 to 65 years old) do they know how money is created, what affects the value of money, what is a centralized/decentralized system and other similar questions... many of them had no idea about anything, nor did they have any desire to learn more. And of course, governments suit that ignorance... While they spread hate and stupidity in public they are making huge financial manipulation in secret. For an ignorant person, it's easier to say "Foreign agents and spies are to blame for everything" than to learn more about how our own government is fucking us actually. And it's the 21st century... maybe things will get better in the next one.

that is so right many people do not go into the detail how the process of money creation is done.
You would find a very few people with good mind set for absorbing the healthy mind set.

[romero121]

Education is the gateway in each and everything. When it comes to finance, it turns to be the must. Even the educated people doesn't have much of financial literacy. This is common all around. In particular we can see this lacking with the third world countries. Financial literacy can be increased only through the school curriculum. In most of the countries the school curriculum doesn't have anything relative to finance, what they all learn is just the math.

Math is necessary, when the same is being taught with the real time market and the associated factors automatically we'll get to know better about it. Apart it is ones own self learning that makes him master it, because education gives the base and the real understanding relies on the experiment, experience and analysis.

[Synchronice]

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

You don't actually need to go into university to study finance and economics, in 21th century you can learn all of that by reading books yourself at home and by searching things online. Universities, especially top ones help you to get into network of rich, successful and hard-working people, the only benefit you can get from university is networking if you have good social skills, but if you don't have it and walk alone, you are wasting time.

But that doesn't mean that you shouldn't spend time to learn financial literacy and just go out in wild with money with hope to learn how it works, no, you should be able to read one, analyze, look at real world, see how things work, see what matches from real life to literacy and use both of them for improving and inspiring yourself.

[arwin100]

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

You don't actually need to go into university to study finance and economics, in 21th century you can learn all of that by reading books yourself at home and by searching things online. Universities, especially top ones help you to get into network of rich, successful and hard-working people, the only benefit you can get from university is networking if you have good social skills, but if you don't have it and walk alone, you are wasting time.

You can all of that but the problem with it are employment since you cannot get a decent job if you don't have a diploma. If  your lucky to get one you still have slim chance to get promoted since educational attainment is so important to get this privilege since to many discrimination rotates in society since majority of people think that college graduate is always ahead with those people who don't.

That's why its good to have education especially on financial literacy since all of our conclusions regarding on this topic will be answer and we can experience good and bad things by applying what we learn in life also in school.

[jokers10]

You don't actually need to go into university to study finance and economics, in 21th century you can learn all of that by reading books yourself at home and by searching things online. Universities, especially top ones help you to get into network of rich, successful and hard-working people, the only benefit you can get from university is networking if you have good social skills, but if you don't have it and walk alone, you are wasting time.

You can all of that but the problem with it are employment since you cannot get a decent job if you don't have a diploma. If  your lucky to get one you still have slim chance to get promoted since educational attainment is so important to get this privilege since to many discrimination rotates in society since majority of people think that college graduate is always ahead with those people who don't.

That's why its good to have education especially on financial literacy since all of our conclusions regarding on this topic will be answer and we can experience good and bad things by applying what we learn in life also in school.

If you work for yourself like trading cryptocurrencies getting a diploma is not so important, much more important if you have enough knowledge and skills. And while getting education you have a specific course, but when you try to self educate you need to find all needed sources by yourself. It is usually much harder, takes much more time and you don't have a mentor to check your mistakes. So you can, but it will cost you more time and likely more money and bring you more mistakes.

[molsewid]

If you work for yourself like trading cryptocurrencies getting a diploma is not so important, much more important if you have enough knowledge and skills. And while getting education you have a specific course, but when you try to self educate you need to find all needed sources by yourself. It is usually much harder, takes much more time and you don't have a mentor to check your mistakes. So you can, but it will cost you more time and likely more money and bring you more mistakes.

Having a degree is still better, we can't erase the fact that people can still learn many things in school and also here in our country you can get more stable jobs if you are having a degree, financial literacy is for everyone. Whether you are a graduate of something or not still it can be learn and everyone can apply this to themselves. Some people learn this through some programs, some people learn this by experience.

[Theones]

Education is the gateway in each and everything. When it comes to finance, it turns to be the must. Even the educated people doesn't have much of financial literacy. This is common all around. In particular we can see this lacking with the third world countries. Financial literacy can be increased only through the school curriculum. In most of the countries the school curriculum doesn't have anything relative to finance, what they all learn is just the math.

Math is necessary, when the same is being taught with the real time market and the associated factors automatically we'll get to know better about it. Apart it is ones own self learning that makes him master it, because education gives the base and the real understanding relies on the experiment, experience and analysis.

AI is taking the lead and making things easier for the people

[Theones]

You don't actually need to go into university to study finance and economics, in 21th century you can learn all of that by reading books yourself at home and by searching things online. Universities, especially top ones help you to get into network of rich, successful and hard-working people, the only benefit you can get from university is networking if you have good social skills, but if you don't have it and walk alone, you are wasting time.

You can all of that but the problem with it are employment since you cannot get a decent job if you don't have a diploma. If  your lucky to get one you still have slim chance to get promoted since educational attainment is so important to get this privilege since to many discrimination rotates in society since majority of people think that college graduate is always ahead with those people who don't.

That's why its good to have education especially on financial literacy since all of our conclusions regarding on this topic will be answer and we can experience good and bad things by applying what we learn in life also in school.

If you work for yourself like trading cryptocurrencies getting a diploma is not so important, much more important if you have enough knowledge and skills. And while getting education you have a specific course, but when you try to self educate you need to find all needed sources by yourself. It is usually much harder, takes much more time and you don't have a mentor to check your mistakes. So you can, but it will cost you more time and likely more money and bring you more mistakes.

agreed to the point you have mentioned

[og kush420]

snip

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

One of the things that in a way have always been a mystery to me is that despite people working for so many hours every day and doing so for so many decades they put forward so little effort to try to gain any kind of financial literacy, learning how to use your money in a way which is more effective will literally save you years of hard work, and if you also learn how to invest at a very early age you could retire at an age that is unimaginable for most people, something that is critical as we are seeing governments trying to raise the age at which you could retire at several countries right now.

that is very right
we are not taught the practical things in school. Like how to earn money - money management and how to deal with the stressful situation

[Webetcoins]

You can all of that but the problem with it are employment since you cannot get a decent job if you don't have a diploma. If  your lucky to get one you still have slim chance to get promoted since educational attainment is so important to get this privilege since to many discrimination rotates in society since majority of people think that college graduate is always ahead with those people who don't.

That's why its good to have education especially on financial literacy since all of our conclusions regarding on this topic will be answer and we can experience good and bad things by applying what we learn in life also in school.

That's true, our society doesn't respect someone who has great skills but doesn't have a degree as much as they respect someone with almost no knowledge and skills but a degree in any field of education, that's how it has been working for decades and it is still the same, even if we know it's possible to learn everything by your own, you are still obliged to get an educational degree to prove it.

A lot of big people from all industries say that it isn't necessary to complete your studies only to get success but the reality is different, not everyone in the world can be as successful as Bill Gates or Mark Zuckerberg, normal humans need to get a job so that they can earn a livelihood.

[bayudndy]

(...)

Yes, no matter how important financial literacy education is, self-education and learning from a variety of sources is essential for effective investment and wealth management. In today's fast-changing and risky cryptocurrency world, keeping up with the latest information and knowledge is also a key factor in achieving success. The use of financial management tools and software can also help ensure effective asset management. In short, the combination of education, self-study and practical experience will help individuals to successfully and sustainably approach and manage cryptocurrencies.

[Findingnemo]

Snip~
.
.
 but yes, people in the 20th century trusted more in people with educational degrees. who are oriented where they can work in large companies with large salaries, and most companies have standard graduates or degrees to get a decent position in the company. Just to correlate what you said, people without degrees can hire those with degrees.

Well, since 2020 many big companies including Google, Facebook, Tesla and lot others started to hire employees based on their skills not with their degree and I am not sure how many people with no graduate entered into companies but I remember few of the individuals who entered into Google by learning everything online and never went to college to get that knowledge which proves that the certificates become obsolete and companies looking for skills.

If you have the experience and skills of course, but if you are just a fresh graduate and a kid who doesn't have much experience in the work field for sure the your education background would help you to get hired from companies. And that's true if you don't want degree you could still earn certificates online where they teach people for free, you could even learn from youtube but still it would be better to attend seminars so you could add it in on your resume.

Let's talk about the future, do you really think a company will hire someone because they might studied about the technology or who can actually do some contribution with the technology with no certificate behind the names. I know NASA hired a failed school kid or build a palm sized satellite and that is what I am talking about but still we are in the transition period of skill over degree but I don't think those days are not too long from 2023.

[Smartvirus]

That's true, our society doesn't respect someone who has great skills but doesn't have a degree as much as they respect someone with almost no knowledge and skills but a degree in any field of education, that's how it has been working for decades and it is still the same, even if we know it's possible to learn everything by your own, you are still obliged to get an educational degree to prove it.

You know, the role of education to every successful enterprise is underestimated. You can't have and run a million or multi million dollar business without having educated individuals within your company ranks. It's a must have as these persons can establish parameters that could be used in tracking how the business is been doing and also why certain things occur in business. All these could be archived just by looking at some numbers or charts on a paper or on some screen. It takes some one that has attained some level of sound education go do that. Even make projections into the future.

[MarjorieZimmermanGinger]

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

We have actually learned financial literacy and advice long before in formal and non-formal education, but often we are not faced with real practices in managing finances, so these difficulties are difficult for us to achieve when faced directly. Theory and practice are very different in implementation because they are not always the same, especially when it comes to finance because it is not related to the systematic number of 1+1=2.

But if you want to succeed in crypto you have to recognize it, for example when you intend to invest in bitcoin then the steps you have to learn are how to invest properly, now it's not difficult to find information because the internet is widely available, but you have to be selective in choosing sources reading as a starting hand for investing because a lot of information sometimes doesn't fit the pattern that we can apply.

[Quidat]

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

We have actually learned financial literacy and advice long before in formal and non-formal education, but often we are not faced with real practices in managing finances, so these difficulties are difficult for us to achieve when faced directly. Theory and practice are very different in implementation because they are not always the same, especially when it comes to finance because it is not related to the systematic number of 1+1=2.

But if you want to succeed in crypto you have to recognize it, for example when you intend to invest in bitcoin then the steps you have to learn are how to invest properly, now it's not difficult to find information because the internet is widely available, but you have to be selective in choosing sources reading as a starting hand for investing because a lot of information sometimes doesn't fit the pattern that we can apply.

I agree into the word that theory is really indeed different when it comes or in compared with active dealings on which it would really be just that on the time that you would be stepping your foot into the field then those theories that you had learned cant really be that 100% applicable on the the situation you are in. This is why its never been something that good to make yourself that confident just because you do learn up something. Its always been that a good behavior if you do make out some direct adjustments if ever you do see that you are lacking into something. Be versatile and be sensible
on what are the actions you should really be making. Its true that education on financial literacy is something that you would be needing to make out adjustments or simply be that specific because
if we do speak about the scope of education then it would really be playing out on different key areas which we know that we should really be making some adjustments
on whatever its needed for you to deal on the current thing that you wants to deal on with.

[Hispo]

I would say that the relation between education and financial literacy is weak but existent.
For example, someone how has some education is more likely to know about the basics of mathematics and that would definitely help to avoid certain scams or how to calculate yield and losses.

Nevertheless, there has been so many cases of people with high education who fall victims of fraud, it comes to mind the Case of Bernie Madoff and how he scammed people with decades of experience in Wall Street, Banks and Charities.

It is better to be self-taught than assume one already knows just because one want some to college.

[Davidvictorson]

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

If I could return to university I'll choose to study economics but because I can't I am doing a free course on economics online. I stand with the fact that if you have done a course in economics your financial literacy knowledge would be boosted. The way you handle your personal finance and business will drastically improve for the better.

[Fara Chan]

that is very right
we are not taught the practical things in school. Like how to earn money - money management and how to deal with the stressful situation

If what you mean is a school with a very low level, maybe the teachers at that school don't teach their students about practical things like how to earn money, manage money and how to deal with stressful situations. But for lectures or schools with middle and upper levels, I think that such things have been taught by the lecturers or teachers even though sometimes there are no subjects that specifically discuss about it.

After all, not all things also have to be taught and obtained at school because the task of a student or learner is to find and practice what he already knows through his learning at school. That's why school is never enough for some people because they still need to study again when they are outside of school so they can adapt to the existing environment and new things that they don't find at school.

[jokers10]

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

If I could return to university I'll choose to study economics but because I can't I am doing a free course on economics online. I stand with the fact that if you have done a course in economics your financial literacy knowledge would be boosted. The way you handle your personal finance and business will drastically improve for the better.

Main problem is to choose a course wisely. There are so many online courses which give less than nothing that to find a good one it is needed to be a professional in searching for courses. But if to find a good one then I'd say that there is no excess education, everything I learned in my life was useful one or another way. Something was much more useful, something less, but it was hardly predictable what was what in advance.

[MarjorieZimmermanGinger]

I agree into the word that theory is really indeed different when it comes or in compared with active dealings on which it would really be just that on the time that you would be stepping your foot into the field then those theories that you had learned cant really be that 100% applicable on the the situation you are in. This is why its never been something that good to make yourself that confident just because you do learn up something. Its always been that a good behavior if you do make out some direct adjustments if ever you do see that you are lacking into something. Be versatile and be sensible
on what are the actions you should really be making. Its true that education on financial literacy is something that you would be needing to make out adjustments or simply be that specific because
if we do speak about the scope of education then it would really be playing out on different key areas which we know that we should really be making some adjustments
on whatever its needed for you to deal on the current thing that you wants to deal on with.

Literacy and education according to theory only apply in its time and sometimes when the theory is written down it will be much different in the next part, the mistake is not in the theory but in the implementation which is no longer in accordance with the era. In general, the theory is only used as a guide/direction, but an appropriate study is needed, so that the method of implementation will follow the flow process in actual practice. Theory is also important, but we will find direct experience when implementing it. For example, when we trade in crypto or do business, when we follow the studies and analysis of experts it is not necessarily appropriate, but how can we adjust correctly when carrying out actual practice in trading and building a business.

The scope of education is indeed limited to theoretical learning, but they rarely lead to actual practice and instead we try to do real practice after studying the theory. From here we are in a place of mental readiness, strategies and ways to get out of every problem and when we go through all of that, then we will easily run the investment or business properly.

[Vishnu.Reang]

Actually financial education should thought from home, whatever children learn their empty mind it will be for life long. Financial education from early age help them to understand finances effectively also provide them right knowledge about finance and it will increase skills to save for future. School education is theoretical it helps us in sudden level but life will teach practically that's why practical knowledge is always best. Having degree from reputed universities doesn't determine success but right knowledge towards financial education can. After all education should be for life and not for living.

[Patrol69]

Education is the key to success. The more education you get in life, the better you can organize your life. But learning has no end or age. A person's life is fulfilled if practical experience can be gained in addition to education. It is possible to rise to the extreme level of success in life by using the knowledge and practical experience gained through education. But without education it is not possible to be so successful in life by using only practical experience because an educated person can easily gain any work experience if he wants but an experienced person cannot get the same education as an educated person. So we should give highest priority to education and life is full if practical experience can be gained along with education.

[Iadegbola34]

Education plays a crucial role in financial literacy, especially in the realm of cryptocurrency. While hands-on experience is valuable, formal education provides a strong foundation in economics and finance, teaching critical skills and theoretical knowledge. However, practical experience is also important, as many successful cryptocurrency investors are self-taught. Accessible knowledge from various sources, such as news, books, and online communities, is essential for navigating this ever-changing field effectively.

[mm2543363580]

Education has 50% role in financial literacy rest is your experience and the things you see around.  Live by example is the best expression for this as you learn alot fron your experiences than from formal education so same is the case here financial literacy is best taught in fiance departments you learn how to handle lows and risks and how to take your firm out of that .

[Gozie51]

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

I subscribe to this school of thought in a way that if we mean education to mean formal education to have influence in financial literacy and management of funds, I would argue on that because education is education and apart from academic purposes, the best form of education is the informal and by extension semi formal education because that is were the family acculturate all the necessary form of knowledge and wisdom to its member. Intelligence being a part of family inheritance and brilliance is perhaps an academic exercise. However I would agree that there is a relation to education to the learning of financial literacy where it involves cryptocurrency because there are different compartment of cryptocurrency that you actually need to read and write, have a little above basic education to understand it technology, blockchain etc. Most people and youths that are finding it difficult to understand bitcoin and the basic means of usage which is send and receive of coins are mainly people of less education.

[karmamiu]

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

I subscribe to this school of thought in a way that if we mean education to mean formal education to have influence in financial literacy and management of funds, I would argue on that because education is education and apart from academic purposes, the best form of education is the informal and by extension semi formal education because that is were the family acculturate all the necessary form of knowledge and wisdom to its member. Intelligence being a part of family inheritance and brilliance is perhaps an academic exercise. However I would agree that there is a relation to education to the learning of financial literacy where it involves cryptocurrency because there are different compartment of cryptocurrency that you actually need to read and write, have a little above basic education to understand it technology, blockchain etc. Most people and youths that are finding it difficult to understand bitcoin and the basic means of usage which is send and receive of coins are mainly people of less education.

The thing is that, most people think that being financially free comes with a cost that they needed to pay for but, they needed to pay to other people, and this is what mostly why they fall for schemes just because others also take advantage of this thought. There have been so many influencers locally and internationally who are offering financial education which in fact that they are also making money to people's lack of financial literacy that can even be learnt by few google searches and also freely. This isn't by manifesting or learning a thing or two, since education is still evolving worldwide and not also everyone is accessible of this said education. Even now we are all constantly evolving and learning.

[terencio]

I agree that financial literacy is very important in the digital age, especially when it comes to cryptocurrency. I think that education and experience can complement each other and provide a well-rounded understanding of the crypto market and its opportunities and challenges.

[serjent05]

I subscribe to this school of thought in a way that if we mean education to mean formal education to have influence in financial literacy and management of funds, I would argue on that because education is education and apart from academic purposes, the best form of education is the informal and by extension semi formal education because that is were the family acculturate all the necessary form of knowledge and wisdom to its member. Intelligence being a part of family inheritance and brilliance is perhaps an academic exercise.

I agree, aside from formal education, there is also called informal education which has a better impact on personal development and enhancement.  Since informal education came from real world experiences.

However I would agree that there is a relation to education to the learning of financial literacy where it involves cryptocurrency because there are different compartment of cryptocurrency that you actually need to read and write, have a little above basic education to understand it technology, blockchain etc. Most people and youths that are finding it difficult to understand bitcoin and the basic means of usage which is send and receive of coins are mainly people of less education.

Financial literacy is more inclined on the economic aspect of things not on the technical aspect.  So when we talk about financial literacy in terms of cryptocurrency, it is focused mainly on the economic aspect of cryptocurrency and how an individual can manage his finances effectively on that area.

[bbigtart]

As far as I monitor my friends who are educated in economics, they only focus on how to make money and prestigious job positions, without really learning how to manage finances, what's even sadder is that they don't really understand money.

What is even more harshly discriminated against is when you have an educational degree but can't make money, that is much more painful in my opinion, because there will be many bad points for the graduate. But the orientation is the same, people will judge on how you can make money, not on the title.

That's right, I agree with you, that we can learn the basics online, without the huge time and expense involved in the educational curriculum under educational institutions, but yes, people in the 20th century trusted more in people with educational degrees. who are oriented where they can work in large companies with large salaries, and most companies have standard graduates or degrees to get a decent position in the company. Just to correlate what you said, people without degrees can hire those with degrees.

I majored in economics and liked economics but decided to quit college not because it was the wrong major but because I thought this method was boring. Feeling that we are required to always follow the system, not to create or produce something. It is true that literacy education is important but without practice it is just as useless, especially in the crypto world.

So I decided to study economics directly in the community, print and digital media outside of formal education whenever and wherever I want. I also studied trading, risk management etc. I always apply all of this in business, my trading and in my financial management. because for me the essence of an economics education is to create/produce, help the circulation of money and be useful for the future. It's not just learning theories without putting them into practice let alone just pursuing an educational degree.

[Davian144]

Education has 50% role in financial literacy rest is your experience and the things you see around.  Live by example is the best expression for this as you learn alot fron your experiences than from formal education so same is the case here financial literacy is best taught in fiance departments you learn how to handle lows and risks and how to take your firm out of that .

Everything needs balance, including financial literacy. Because everyone who has learned a lot through their education must be able to adapt it in real practice, which can also give birth to experiences for themselves. In addition, everyone can also learn from other people's experiences because each experience is a very good teacher for everyone, including even the most bitter experiences. Because when someone starts to fall for a certain job, other people and we can see that as a lesson even though we don't have to experience it in our own life to be able to feel it.

[flyingcarpet]

As far as I monitor my friends who are educated in economics, they only focus on how to make money and prestigious job positions, without really learning how to manage finances, what's even sadder is that they don't really understand money.

What is even more harshly discriminated against is when you have an educational degree but can't make money, that is much more painful in my opinion, because there will be many bad points for the graduate. But the orientation is the same, people will judge on how you can make money, not on the title.

That's right, I agree with you, that we can learn the basics online, without the huge time and expense involved in the educational curriculum under educational institutions, but yes, people in the 20th century trusted more in people with educational degrees. who are oriented where they can work in large companies with large salaries, and most companies have standard graduates or degrees to get a decent position in the company. Just to correlate what you said, people without degrees can hire those with degrees.

I majored in economics and liked economics but decided to quit college not because it was the wrong major but because I thought this method was boring. Feeling that we are required to always follow the system, not to create or produce something. It is true that literacy education is important but without practice it is just as useless, especially in the crypto world.

So I decided to study economics directly in the community, print and digital media outside of formal education whenever and wherever I want. I also studied trading, risk management etc. I always apply all of this in business, my trading and in my financial management. because for me the essence of an economics education is to create/produce, help the circulation of money and be useful for the future. It's not just learning theories without putting them into practice let alone just pursuing an educational degree.

Some universities make up for the lack of practice here through clubs. These clubs, which are opened under the name of student clubs, provide their participants with practical training rather than theory. Not every school is the same, so financial literacy is directly proportional to one's desire to improve oneself.

[Zilon]

Both hands-on-experience and financial literacy goes hand in hand to equip one for the volatility and equity of the crypto and any other assets that can be traded or invested on. It takes understanding of the experience gathered in the cause of gathering engaging in the crypto space to make much difference. It is not enough to have experience having good understanding which is gotten through financial literacy helps to boast the confidence and ROI of the investor/ trader.

[Litzki1990]

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

There is no substitute for knowledge about crypto currency to achieve success in crypto currency. The more a person knows about a subject the more experience he gains. There is no alternative to know about crypto related topics such as trading ideas, investment ideas, market reviews, to be successful in crypto currency. In addition to knowing about this, you should try to get practical experience.

As I learned something about trading then I should turn that knowledge into practical experience. trading with some amount of money. If we can do everything like this then we can definitely achieve success in cryptocurrency.

[og kush420]

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

There is no substitute for knowledge about crypto currency to achieve success in crypto currency. The more a person knows about a subject the more experience he gains. There is no alternative to know about crypto related topics such as trading ideas, investment ideas, market reviews, to be successful in crypto currency. In addition to knowing about this, you should try to get practical experience.

As I learned something about trading then I should turn that knowledge into practical experience. trading with some amount of money. If we can do everything like this then we can definitely achieve success in cryptocurrency.

i have only seen Jews making their children learn the art of business and do the real work
they have better education plans for kids. In Fact I have heard that they want women to do maths during pregnancy so that se learn the problem solving skills and so does the child.

[Lorence.xD]

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

There is no substitute for knowledge about crypto currency to achieve success in crypto currency. The more a person knows about a subject the more experience he gains. There is no alternative to know about crypto related topics such as trading ideas, investment ideas, market reviews, to be successful in crypto currency. In addition to knowing about this, you should try to get practical experience.

As I learned something about trading then I should turn that knowledge into practical experience. trading with some amount of money. If we can do everything like this then we can definitely achieve success in cryptocurrency.

i have only seen Jews making their children learn the art of business and do the real work
they have better education plans for kids. In Fact I have heard that they want women to do maths during pregnancy so that se learn the problem solving skills and so does the child.

That would apply to everyone since we have different talents and methods for us to earn some money. Nowadays we could earn via using technology like being an influencer or digital arts by that you could actually have income but how could you manage those without the knowledge when it comes to financials. You could actually hire someone but as an average person you should educate yourself about managing your financial so you won't face a problem in the future. This could be apply in crypto or even in an actual job

[odunybiz]

Actually, when it comes to fundamental financial literacy, it is more or less common sense. Here in my country, however, there is a growing demand that teachers, especially public school teachers, undergo financial literacy. That's basically because they seem to be the primary prey of loan sharks, investment scams, and all kinds of offers. Many of them fall to these schemes and are buried in loans.

This can't be avoided in a country were teachers are less paid. I'm once a teacher Ina private sector, then I did a lot of things including gambling, ponzi, loan to sustain financial freedom. Most of this things doesn't help, it even always add to my financial problem then. I think teachers salary scale should be restructured in any affected countries.

[Theones]

Education is the key to success. The more education you get in life, the better you can organize your life. But learning has no end or age. A person's life is fulfilled if practical experience can be gained in addition to education. It is possible to rise to the extreme level of success in life by using the knowledge and practical experience gained through education. But without education it is not possible to be so successful in life by using only practical experience because an educated person can easily gain any work experience if he wants but an experienced person cannot get the same education as an educated person. So we should give highest priority to education and life is full if practical experience can be gained along with education.

correct education is the key to success, in first line where you said the education bring learning and more opportunity in life - i think skill does.

[Kelvinid]

IMHO, Education is just a preparation to become a potential candidate to have a day job but not for financial literacy. We can just learn Financial literacy if we already have some job experience and most of all, if we can talk or engage with businessmen. Because what it teaches in school is to become competitive and make good grades so we can easily get a job but not be encouraged to become an entrepreneur. But of course, a proper education can't lead you to success and so it was still important in our life.

[minersday]

Education is very crucial to increasing financial literacy, particularly in the context of bitcoin.  These are some of the reasons why I feel education is essential.

Understanding the Technology: Cryptocurrencies are based on sophisticated technologies such as blockchain. Individuals may gain a better understanding of the underlying principles, the operation of decentralized networks, and the possible advantages and concerns related to this technology through education.

Risk Awareness: Cryptocurrency investments come with unique risks, such as market volatility, regulatory uncertainty, and security threats. Individuals are educated to detect and analyze risks, allowing them to make informed decisions and take necessary safeguards.

Education gives knowledge of numerous investing methods, risk management measures, and portfolio diversification. It enables users to establish smart investing strategies by assisting them in understanding the variables impacting cryptocurrency values, market trends, and technical analysis.

Understanding bitcoin wallets, private keys, and security best practices is critical for safeguarding one's digital assets from theft or hacking. Individuals are empowered by education to preserve their cash and handle the complexities of bitcoin storage and custody.

[serjent05]

IMHO, Education is just a preparation to become a potential candidate to have a day job but not for financial literacy. We can just learn Financial literacy if we already have some job experience and most of all, if we can talk or engage with businessmen. Because what it teaches in school is to become competitive and make good grades so we can easily get a job but not be encouraged to become an entrepreneur. But of course, a proper education can't lead you to success and so it was still important in our life.

Education as stated is not limited four walls of schools.  Though formal education is what you called it, another form of learning comes from informal education where the one being learned and trained is a personal capability and mostly relies on experience.   All the examples you have stated are an example of informal education.

All in all, whether it is formal or informal education, they both help us in learning and understanding what financial literacy is.

[n0ne]

IMHO, Education is just a preparation to become a potential candidate to have a day job but not for financial literacy. We can just learn Financial literacy if we already have some job experience and most of all, if we can talk or engage with businessmen. Because what it teaches in school is to become competitive and make good grades so we can easily get a job but not be encouraged to become an entrepreneur. But of course, a proper education can't lead you to success and so it was still important in our life.

Education as stated is not limited four walls of schools.  Though formal education is what you called it, another form of learning comes from informal education where the one being learned and trained is a personal capability and mostly relies on experience.   All the examples you have stated are an example of informal education.

All in all, whether it is formal or informal education, they both help us in learning and understanding what financial literacy is.

This is how what we learnt becomes effective. We'll understand the real concepts only when the theoretical learning meets with the real time application. This means the formal education lets a kid to know the need and the experience lets him choose the right decision to handle the situation.

With financial literacy things were made easier to understand through the technology advancement. In the past to know about specific calculation is a hard thing. There are people who are successful by their experience, and that doesn't mean education isn't necessary. Because there is difference in view over a problem by a educated person and an experienced person.

[Theones]

Education is the key to success. The more education you get in life, the better you can organize your life. But learning has no end or age. A person's life is fulfilled if practical experience can be gained in addition to education. It is possible to rise to the extreme level of success in life by using the knowledge and practical experience gained through education. But without education it is not possible to be so successful in life by using only practical experience because an educated person can easily gain any work experience if he wants but an experienced person cannot get the same education as an educated person. So we should give highest priority to education and life is full if practical experience can be gained along with education.

not always education helps in setting up your life.
Most of the time it is luck that helps you reach to your goal. life is struggle and there is no denying that one can achieve the goal without education

[Cryptock]

Education is the key to success. The more education you get in life, the better you can organize your life. But learning has no end or age. A person's life is fulfilled if practical experience can be gained in addition to education. It is possible to rise to the extreme level of success in life by using the knowledge and practical experience gained through education. But without education it is not possible to be so successful in life by using only practical experience because an educated person can easily gain any work experience if he wants but an experienced person cannot get the same education as an educated person. So we should give highest priority to education and life is full if practical experience can be gained along with education.

no duobt about it - but the time we are living in - most of our elders are not much educated and yet they value relation and people
but these days - people are educated and yet they dont value people and relation ships.

[og kush420]

Education plays a crucial role in financial literacy, especially in the realm of cryptocurrency. While hands-on experience is valuable, formal education provides a strong foundation in economics and finance, teaching critical skills and theoretical knowledge. However, practical experience is also important, as many successful cryptocurrency investors are self-taught. Accessible knowledge from various sources, such as news, books, and online communities, is essential for navigating this ever-changing field effectively.

It surly does.
Education is not the medel that it will bring in good behaviour among the - there are very educated people fooling the other educated people

[tjtonmoy]

Learn it, imply it, get experience, then learn again. That's the key for any person to get the best result out of learning. What do I mean by that? Well, it's simple, really. You start by devoting yourself to the subject. Then you take that knowledge and apply it to real-life situations, getting hands-on experience and seeing how it all works in the real world. Then again, you do the same thing from the start to finish. This will significantly increase the learning process. As they say, you never know until you try.
financial platforms require knowledge and experience, and this is the best strategy in my opinion.

[IvugeoEvolutionCoin]

Education is the key to success. The more education you get in life, the better you can organize your life. But learning has no end or age. A person's life is fulfilled if practical experience can be gained in addition to education. It is possible to rise to the extreme level of success in life by using the knowledge and practical experience gained through education. But without education it is not possible to be so successful in life by using only practical experience because an educated person can easily gain any work experience if he wants but an experienced person cannot get the same education as an educated person. So we should give highest priority to education and life is full if practical experience can be gained along with education.

no duobt about it - but the time we are living in - most of our elders are not much educated and yet they value relation and people
but these days - people are educated and yet they dont value people and relation ships.

The people of earlier days had a lot in common, now if we look, there is such a situation that there is no similarity with the family members.  We are going to see a worse situation. We are living in an unspeakable situation.

[Alpha Marine]

Education plays a crucial role in financial literacy, especially in the realm of cryptocurrency. While hands-on experience is valuable, formal education provides a strong foundation in economics and finance, teaching critical skills and theoretical knowledge. However, practical experience is also important, as many successful cryptocurrency investors are self-taught. Accessible knowledge from various sources, such as news, books, and online communities, is essential for navigating this ever-changing field effectively.

Education helps you realize you can always learn and you can also teach yourself. There are those who did not have formal education but they have been able to excel in whatever skill they are into. This also takes a lot of education. Not only formal education is education. But formal education has a better advantage.
It opens your mind up to a lot of possibilities. There's every possibility that formal education can help improve the financial literacy of a person. I say this because an education can make a person want to know more about his finances, and this can lead him to more education. Financial literacy is not a thing that is thought in schools but an educated person will use the knowledge he has gathered to learn about these stuff.

[Paul Pogba]

Most schools nowadays only focus on teaching the theory of life so that many are not appropriate, the world is developing very fast, information is always at hand but many lessons in schools are no longer in accordance with current conditions and deserve to be replaced with a better and modern system.

[Wildwest]

In the crypto world, the most important essential knowledge for us to do is to do something that can give us experience so that we can get financial literacy because we have directly felt the gains and losses when investing, and there we can learn something that we really have to master in managing the assets we have, But to study in finance and economics, we may not necessarily be able to get something we want to achieve, especially now that all countries have a lot of influence with digitalization, so practicing directly is the best way to get an experience that we can change for the better.

[awik p]

Education plays a crucial role in financial literacy, especially in the realm of cryptocurrency. While hands-on experience is valuable, formal education provides a strong foundation in economics and finance, teaching critical skills and theoretical knowledge. However, practical experience is also important, as many successful cryptocurrency investors are self-taught. Accessible knowledge from various sources, such as news, books, and online communities, is essential for navigating this ever-changing field effectively.

Education helps you realize you can always learn and you can also teach yourself. There are those who did not have formal education but they have been able to excel in whatever skill they are into. This also takes a lot of education. Not only formal education is education. But formal education has a better advantage.
It opens your mind up to a lot of possibilities. There's every possibility that formal education can help improve the financial literacy of a person. I say this because an education can make a person want to know more about his finances, and this can lead him to more education. Financial literacy is not a thing that is thought in schools but an educated person will use the knowledge he has gathered to learn about these stuff.

with schools expanding knowledge then this makes people more careful in financial management. this happens because they have a more distant view so that they can anticipate the bad possibilities that occur if they experience mistakes in financial management. the wrong thing in my opinion is to go to high school in order to have a good job. when in fact if we can develop our own business and manage our own finances, of course we will gain new knowledge from the experience that has been lived

[Silberman]

Education plays a crucial role in financial literacy, especially in the realm of cryptocurrency. While hands-on experience is valuable, formal education provides a strong foundation in economics and finance, teaching critical skills and theoretical knowledge. However, practical experience is also important, as many successful cryptocurrency investors are self-taught. Accessible knowledge from various sources, such as news, books, and online communities, is essential for navigating this ever-changing field effectively.

Education helps you realize you can always learn and you can also teach yourself. There are those who did not have formal education but they have been able to excel in whatever skill they are into. This also takes a lot of education. Not only formal education is education. But formal education has a better advantage.
It opens your mind up to a lot of possibilities. There's every possibility that formal education can help improve the financial literacy of a person. I say this because an education can make a person want to know more about his finances, and this can lead him to more education. Financial literacy is not a thing that is thought in schools but an educated person will use the knowledge he has gathered to learn about these stuff.

with schools expanding knowledge then this makes people more careful in financial management. this happens because they have a more distant view so that they can anticipate the bad possibilities that occur if they experience mistakes in financial management. the wrong thing in my opinion is to go to high school in order to have a good job. when in fact if we can develop our own business and manage our own finances, of course we will gain new knowledge from the experience that has been lived

The old advice given by the previous generations about going to college and getting a good job may have been true back then, but it is not true now anymore, and if anything it could be a huge financial burden from which many are unable to escape, after all at least on the US a great deal of students attend college thanks to student loans, which means that colleges can offer all kind of useless courses knowing very well that after those students finish their careers they have no chance at all to get the jobs they want.

[tiCeR]

The old advice given by the previous generations about going to college and getting a good job may have been true back then, but it is not true now anymore, and if anything it could be a huge financial burden from which many are unable to escape, after all at least on the US a great deal of students attend college thanks to student loans, which means that colleges can offer all kind of useless courses knowing very well that after those students finish their careers they have no chance at all to get the jobs they want.

Regrettably, a weird incongruence also developed over time between education and a degree. Education is always good and who would I be to say the opposite. But a lot of students or young people are not after the education in the first place, but after the degree. There is a difference as that diluted the quality of education a lot since some universities understood the trend, started charging higher tuition fees but at the same time made it easier to pass the exams.

We often talk about hyperinflation concerning currencies, but there is also hyperinflation in people obtaining degrees. It is not only the people who are to blame, but also the employers and society as a whole. In some countries it is almost worthless to send your application if you are not able to attach a degree to it. It has become so normal and pervasive that employers take it as a given that everyone went through higher education, which is actually a bad trend.

In regards to financial literacy, it depends on what type of education you are talking about. Hands-on experience in my opinion is at least as important as specific education. You can read all the books you want, but as soon as you trade yourself you get a better understanding of market dynamics. An academic career in finance can help you learn fancy formulas, but you can gather most of the required subject matter on the Internet. Reading and understanding financial reports, but also gathering news from reputable economics and finance websites or more basic news outlets and then putting those news into a coherent economic and social context. This is something you can only develop over time by constantly consuming relevant news sources and broadening your horizon.

If you better know how to place your trades in your early 20s than you know in your 40s, you have probably done something wrong - or you have done a lot of things right in your early 20s and are sipping Pina Coladas 24 hours a day on the beach of your own island

Not many investments had the potential to make you so filthy rich with even small investments that you could afford your own island. I am only aware of one investment that had the potential and that was Bitcoin 

[Woodie]

I think when it comes to cryprocurrencies, one can get away with it by having a hands on approach to understand  and use them...let's not forget that these came on the scene without a manual of how to use them but people still had success with them especially for early adopters.
Btw for anybody that wants to get technical  with them, of course an education here will be needed as a hands on approach wouldn't be sufficient enough as you need to apply your math, formulas, general  understanding of economics etc.

Most schools nowadays only focus on teaching the theory of life so that many are not appropriate, the world is developing very fast, information is always at hand but many lessons in schools are no longer in accordance with current conditions and deserve to be replaced with a better and modern system.

Agreed,  technology keeps moving at the speed of light while most school curriculums haven't been keeping up with time to catch on with new technologies which are adopted  in our day to day activities. 

[Hamphser]

Education plays a crucial role in financial literacy, especially in the realm of cryptocurrency. While hands-on experience is valuable, formal education provides a strong foundation in economics and finance, teaching critical skills and theoretical knowledge. However, practical experience is also important, as many successful cryptocurrency investors are self-taught. Accessible knowledge from various sources, such as news, books, and online communities, is essential for navigating this ever-changing field effectively.

Education helps you realize you can always learn and you can also teach yourself. There are those who did not have formal education but they have been able to excel in whatever skill they are into. This also takes a lot of education. Not only formal education is education. But formal education has a better advantage.
It opens your mind up to a lot of possibilities. There's every possibility that formal education can help improve the financial literacy of a person. I say this because an education can make a person want to know more about his finances, and this can lead him to more education. Financial literacy is not a thing that is thought in schools but an educated person will use the knowledge he has gathered to learn about these stuff.

with schools expanding knowledge then this makes people more careful in financial management. this happens because they have a more distant view so that they can anticipate the bad possibilities that occur if they experience mistakes in financial management. the wrong thing in my opinion is to go to high school in order to have a good job. when in fact if we can develop our own business and manage our own finances, of course we will gain new knowledge from the experience that has been lived

The old advice given by the previous generations about going to college and getting a good job may have been true back then, but it is not true now anymore, and if anything it could be a huge financial burden from which many are unable to escape, after all at least on the US a great deal of students attend college thanks to student loans, which means that colleges can offer all kind of useless courses knowing very well that after those students finish their careers they have no chance at all to get the jobs they want.

This is why finishing up college or having a degree doesnt guarantee that you would really be having a job after you graduated or you finish it up and this is where things turns out to be a real challenge as an adult or something which is really that independent.Come to have in mind that job offerings or vacancies would really be limited and you arent just the one whose looking for a job which means that competition would really be that high. There are ones who do might lucky on being selected but for sure there are ones who are leaved out on the dust and having no job and ending up on that poverty and this cycle is
something that inevitable but the fact that having education attainment or achievement is something that much better compared to those who had none.

You do have the advantage when it comes to awareness of things on which if ever you do encounter something which you are really that having the knowledge and awareness at least then
you could be able to deal with up and making some adjustments.

[Cryptock]

This is why finishing up college or having a degree doesnt guarantee that you would really be having a job after you graduated or you finish it up and this is where things turns out to be a real challenge as an adult or something which is really that independent.Come to have in mind that job offerings or vacancies would really be limited and you arent just the one whose looking for a job which means that competition would really be that high. There are ones who do might lucky on being selected but for sure there are ones who are leaved out on the dust and having no job and ending up on that poverty and this cycle is
something that inevitable but the fact that having education attainment or achievement is something that much better compared to those who had none.

You do have the advantage when it comes to awareness of things on which if ever you do encounter something which you are really that having the knowledge and awareness at least then
you could be able to deal with up and making some adjustments.

but these days kids are getting education and at the same time they are earning with both the hands.
Kids are very smart these days. And many people who have intellegent mind are also learning so many skills.
This is the modern age and people are finding ways to earn in different ways.

[Pevoni]

While education helps somewhat when it comes to financial literacy, practical experience is what counts.Invest or trade, experience profit and loss, and learn how the crypto market works.

[nesty]

Education's role in financial literacy is it helps individuals to understand the importance of managing their finances effectively. Education equips individuals with the knowledge and skills that are necessary to make financial decisions such as budgeting, saving, investing and also managing their own debts. Individuals can learn also how to create a budget, how to prioritize their expenses and even save for emergency purposes and of course for future goals. Education can help individuals to avoid financial down falls.

[Republikcoin.com]

but these days kids are getting education and at the same time they are earning with both the hands.
Kids are very smart these days. And many people who have intellegent mind are also learning so many skills.
This is the modern age and people are finding ways to earn in different ways.

Things like that really should happen to all children or among creative young people. Because apart from the increasingly modern era, everyone should also develop in learning, thinking and making money so that the living environment in every country has started to look more comfortable because there are many children who have very different levels of creativity from their parents in past. So don't be surprised by this because basically everyone should feel happy when they see their children being able to make money while studying without burdening their own parents.

Because children who can be like this are children who will become more independent in their lives and will very rarely depend on their parents in terms of money. And the government will also be happy if they know that there are many children with smart and creative minds in the country, because these children are the real next generation of the nation in life.

[jokers10]

but these days kids are getting education and at the same time they are earning with both the hands.
Kids are very smart these days. And many people who have intellegent mind are also learning so many skills.
This is the modern age and people are finding ways to earn in different ways.

It is still not about each and every. We are seeing most exciting examples and extrapolate it on everyone, but it doesn't work so. Some are more successful with what they have, some are less. Getting education just gives you more chances on being successful, but not guarantees that. Sometimes we can choose a wrong profession, which is not suitable for us, sometimes a profession can be or become outdated... Getting a financial education is good but it doesn't make everything by itself.

[YinShuiSiYuan]

Education's role in financial literacy is it helps individuals to understand the importance of managing their finances effectively. Education equips individuals with the knowledge and skills that are necessary to make financial decisions such as budgeting, saving, investing and also managing their own debts. Individuals can learn also how to create a budget, how to prioritize their expenses and even save for emergency purposes and of course for future goals. Education can help individuals to avoid financial down falls.

Its extremely important to have proper formal education about finance before entering the business world that helps you to develop know how about that world and how to move forward and upward .
To learn new techniques of business and explore innovate ideas is the fun of business world .

[Mahanton]

Education's role in financial literacy is it helps individuals to understand the importance of managing their finances effectively. Education equips individuals with the knowledge and skills that are necessary to make financial decisions such as budgeting, saving, investing and also managing their own debts. Individuals can learn also how to create a budget, how to prioritize their expenses and even save for emergency purposes and of course for future goals. Education can help individuals to avoid financial down falls.

Its extremely important to have proper formal education about finance before entering the business world that helps you to develop know how about that world and how to move forward and upward .
To learn new techniques of business and explore innovate ideas is the fun of business world .

Business isn't something that shouldn't really be for the sake of fun on which it is really just that a wrong thing to have this kind of approach when it comes to this matter.This isn't something that you could really treat it as a gambling that it should really be for fun. Of course it would really be needing that financial literacy if we are really that engaging into something which is connected to it.

Once a certain person who would be having that educational background on which it would really be just that normal that they would really be having that kind of advantage among other people on which it would really be that a common or significant differences.

[Theones]

Education's role in financial literacy is it helps individuals to understand the importance of managing their finances effectively. Education equips individuals with the knowledge and skills that are necessary to make financial decisions such as budgeting, saving, investing and also managing their own debts. Individuals can learn also how to create a budget, how to prioritize their expenses and even save for emergency purposes and of course for future goals. Education can help individuals to avoid financial down falls.

Its extremely important to have proper formal education about finance before entering the business world that helps you to develop know how about that world and how to move forward and upward .
To learn new techniques of business and explore innovate ideas is the fun of business world .

Business isn't something that shouldn't really be for the sake of fun on which it is really just that a wrong thing to have this kind of approach when it comes to this matter.This isn't something that you could really treat it as a gambling that it should really be for fun. Of course it would really be needing that financial literacy if we are really that engaging into something which is connected to it.

Once a certain person who would be having that educational background on which it would really be just that normal that they would really be having that kind of advantage among other people on which it would really be that a common or significant differences.

eduation does gurantee the job and money. I have seen many uneducated people doing very well in business and earning well. All you need is to be consistant and dont give up. The young kids are also earning well with out any degree and business education background

[johngorf]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

Some people are naturally insensitive to investment and financial management, or have no interest in it. This is entirely up to the actual situation of each individual. A lot of financial knowledge is learned in the briefing sessions held by institutions and banks. At the beginning, everyone was wary of an unfamiliar financial product. However, with the development of WEB3, there are more and more decentralized financial products. At present, there are also many channels for financial education, which makes people more blind. Personally, I buy a small amount of mainstream digital currencies every month to avoid inflation in our country.

[Cryptock]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

Some people are naturally insensitive to investment and financial management, or have no interest in it. This is entirely up to the actual situation of each individual. A lot of financial knowledge is learned in the briefing sessions held by institutions and banks. At the beginning, everyone was wary of an unfamiliar financial product. However, with the development of WEB3, there are more and more decentralized financial products. At present, there are also many channels for financial education, which makes people more blind. Personally, I buy a small amount of mainstream digital currencies every month to avoid inflation in our country.

That is so correct not all people have interest in investing money. They are blessed and lucky to be living contented life - and that is okie if you have no interest in investing - just live a happy and contented life no matter what!

[og kush420]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

Some people are naturally insensitive to investment and financial management, or have no interest in it. This is entirely up to the actual situation of each individual. A lot of financial knowledge is learned in the briefing sessions held by institutions and banks. At the beginning, everyone was wary of an unfamiliar financial product. However, with the development of WEB3, there are more and more decentralized financial products. At present, there are also many channels for financial education, which makes people more blind. Personally, I buy a small amount of mainstream digital currencies every month to avoid inflation in our country.

that is correct - but I think some community plays a great role in building the life of their kids. Jews are one of them. they pay proper attention for creating and making the financial and business life of their kids and that too before the birth of kids - they make archaey and maths must for mothers who are expecting baby

[ringgo96]

Financial literacy is actually very important so that we avoid fraud cases that are currently so high in every country, but not everyone can get financial literacy with higher education, so many people find out through experience that they are direct practitioners even though they are at risk but the way out they will definitely get, and now we can find out about financial literacy problems from various sources do not necessarily have to be educated  Very many business people are self-taught but they can succeed, but this depends on our respective beliefs in managing our financial literacy.

[og kush420]

Financial literacy is actually very important so that we avoid fraud cases that are currently so high in every country, but not everyone can get financial literacy with higher education, so many people find out through experience that they are direct practitioners even though they are at risk but the way out they will definitely get, and now we can find out about financial literacy problems from various sources do not necessarily have to be educated  Very many business people are self-taught but they can succeed, but this depends on our respective beliefs in managing our financial literacy.

that is correct it is very important for survival without it its difficult for a person to lead a business parents should keep that in mind that they should teach their kids different ways to learn and earn

[savetheFORUM]

Financial literacy is actually very important so that we avoid fraud cases that are currently so high in every country, but not everyone can get financial literacy with higher education, so many people find out through experience that they are direct practitioners even though they are at risk but the way out they will definitely get, and now we can find out about financial literacy problems from various sources do not necessarily have to be educated  Very many business people are self-taught but they can succeed, but this depends on our respective beliefs in managing our financial literacy.

I don't think that financial literacy has anything to do with you being able to identify frauds or thefts, that would depend on your general knowledge and understanding. Financial literacy means that you understand how to use your financial assets properly and how to successfully manage your finances, a financial literate will manage things in a better way.

Someone who falls for scams or frauds is simply illiterate and inexperienced about such things, so even if you are good at managing your finances, you can still fall victim to scams that are pretty good unless you are very sharp at identifying things.

[Robert Howell]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.
One more essential thing is to learn about others' experiences. For instance, watch or read different blogs, and forums like this (I find it extremely useful for me as it helps me not to make mistakes from the very beginning). By the way, firstly, I got acquainted with the crypto world thanks to Edubirdie which has helped me with the assignment about financial literacy. A few months ago, I just got to their blog by the link https://edubirdie.org/can-you-get-caught-using-edubirdie/ and read that no one can get caught using Edubirdie. It made me happy as I needed the assignment to be written urgently. So, the text contains info about cryptocurrency, and I was interested in exploring what I can do with crypto, how I can own it, and make money with it. It seems like the way isn't gonna be easy. Anyway, let's try.

Hello! I am a beginner in the cryptocurrency world, so I will take all your tips into account. I just can totally agree that the best way to educate myself (not only about crypto but about anything else) is to find out a lot of information from different sources, combine it, compare it, and then try to implement it in practice. For me, it seems like the best way to make learning and understanding smooth and quality.

[Sayeds56]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

Your opening post is on a very interesting and important topic which is also being debated worldwide. In my opinion role of education is vital for shaping up individual's Learning fundamental theoretical principles plays crucial role to understand underlying concepts and enable us to implement them effectively in real life.  However, practical on hand Experience is equally important to apply your learning to achieve tangible and realistic results.  

[YinShuiSiYuan]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

Your opening post is on a very interesting and important topic which is also being debated worldwide. In my opinion role of education is vital for shaping up individual's Learning fundamental theoretical principles plays crucial role to understand underlying concepts and enable us to implement them effectively in real life.  However, practical on hand Experience is equally important to apply your learning to achieve tangible and realistic results.  

People say education is not important for your success but they forget this fact that its not all about success education is important for your self growth and grooming  it helps you to widen your mindset and thinking and teaches you about different techniques that can be used in different parts of life .
So for financial literacy education is extremely important to get the best of everything.

[Sayeds56]

People say education is not important for your success but they forget this fact that its not all about success education is important for your self growth and grooming  it helps you to widen your mindset and thinking and teaches you about different techniques that can be used in different parts of life .
So for financial literacy education is extremely important to get the best of everything.

Well said. Indeed, the purpose of education is much larger than achieving merely financial goals. It empowers us with knowledge and skills to develop better perspectives and enhance overall understanding of the world and be a humble and kind human being to make positive contribution for the society. In summary, education shapes individuals who not only achieve financial success, but also embody qualities of empathy, humility and kindness.

[yohananaomi]

Financial literacy is actually very important so that we avoid fraud cases that are currently so high in every country, but not everyone can get financial literacy with higher education, so many people find out through experience that they are direct practitioners even though they are at risk but the way out they will definitely get, and now we can find out about financial literacy problems from various sources do not necessarily have to be educated  Very many business people are self-taught but they can succeed, but this depends on our respective beliefs in managing our financial literacy.

basically learning is something that is non-negotiable and must be done by anyone so as not to get caught up in problems that will occur. agree that the financial literacy you said is clearly needed, because fraud in the digital era like this is very advanced and has led to a concern that cannot be ignored. but all of that can be found at the educational table, when it is applied in all the actions taken, so that it adds to the experience. Even though many successful businessmen do not always have the highest degree from the study bench, many learn directly (self-taught) and succeed.
but the experience gained will be able to know firsthand what is and isn't actually good and coupled with what has been learned, the two methods combined will make it more capable of fending off fraud.

[Wakate]

Financial literacy is actually very important so that we avoid fraud cases that are currently so high in every country, but not everyone can get financial literacy with higher education, so many people find out through experience that they are direct practitioners even though they are at risk but the way out they will definitely get, and now we can find out about financial literacy problems from various sources do not necessarily have to be educated  Very many business people are self-taught but they can succeed, but this depends on our respective beliefs in managing our financial literacy.

I don't think that financial literacy has anything to do with you being able to identify frauds or thefts, that would depend on your general knowledge and understanding. Financial literacy means that you understand how to use your financial assets properly and how to successfully manage your finances, a financial literate will manage things in a better way.

Someone who falls for scams or frauds is simply illiterate and inexperienced about such things, so even if you are good at managing your finances, you can still fall victim to scams that are pretty good unless you are very sharp at identifying things.

It is more of understanding the use of money and how you can multiply money to make more. Ability for us to know how we can create business and build team that would work for us is something we need to understand. Financial literacy is what many people need to understand to know how to create and develop a strong business that would yield to more business. What we learn in school is quite different from what we are facing in the labour market. Someone with vast know of how money works will not have much difficulty making money.

[Kelward]

but these days kids are getting education and at the same time they are earning with both the hands.
Kids are very smart these days. And many people who have intellegent mind are also learning so many skills.
This is the modern age and people are finding ways to earn in different ways.

It is still not about each and every. We are seeing most exciting examples and extrapolate it on everyone, but it doesn't work so. Some are more successful with what they have, some are less. Getting education just gives you more chances on being successful, but not guarantees that. Sometimes we can choose a wrong profession, which is not suitable for us, sometimes a profession can be or become outdated... Getting a financial education is good but it doesn't make everything by itself.

Truly education is basic but not a guarantee for financial success. And we can't take what works for others that it will work for us, so each individual has to make research and find what works for them. However getting financial education, whether formal or by experience is very important so that we can be able to manager our business and finance very effectively.

[Theones]

but these days kids are getting education and at the same time they are earning with both the hands.
Kids are very smart these days. And many people who have intellegent mind are also learning so many skills.
This is the modern age and people are finding ways to earn in different ways.

It is still not about each and every. We are seeing most exciting examples and extrapolate it on everyone, but it doesn't work so. Some are more successful with what they have, some are less. Getting education just gives you more chances on being successful, but not guarantees that. Sometimes we can choose a wrong profession, which is not suitable for us, sometimes a profession can be or become outdated... Getting a financial education is good but it doesn't make everything by itself.

Truly education is basic but not a guarantee for financial success. And we can't take what works for others that it will work for us, so each individual has to make research and find what works for them. However getting financial education, whether formal or by experience is very important so that we can be able to manager our business and finance very effectively.

if we go by defination then Financial education is the process of acquiring the knowledge and skills that lead to financial literacy there is no two opinions about it that with out practical nothing will be working

[Semar Mesem]

Education is of course important for a better future, nowadays it's easier to get knowledge because of the convenience of the internet, even things that are considered confidential are now easy to find because of the presence of videos such as youtube, tik tok and so on.

[og kush420]

Education is of course important for a better future, nowadays it's easier to get knowledge because of the convenience of the internet, even things that are considered confidential are now easy to find because of the presence of videos such as youtube, tik tok and so on.

Without education life is misreable. One should keep educating oneself for better and brighter future. Socia media is now a university in itself but the students are self taught and they learn on their own. The more consistant person get the lesson on their own.

[Mr. Magkaisa]

     -   When we say education, it means that it is a way for us to gain knowledge about many things that we don't know yet. And when we come to the point where we have finished studying until college, it means that we already have some knowledge about financial life.

But we also know that it is not that easy to implement the so-called financial literacy in our actual lives. Although it is one of the good things that we can really use and learn because it also depends on how the good state of our life will be in the future.

[hannahB4]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

Studying Finance and economics is good and can give one financial literacy if you practice what you are being taught. We are being taught the theoretical aspect but one will know the applicability if there is a real-life situation. Knowledge is power and experience is said to be the best teacher but we can't overlook the role of education in life.

[umbara ardian]

While education can provide a foundation, applying financial literacy in our real lives can actually be challenging. Financial literacy goes beyond theoretical knowledge; it requires practical application and continuous learning. It involves understanding personal financial goals, budgeting, saving, investing, and making informed decisions. So for me, financial literacy is a lifelong journey that requires the continual development and refinement of financial management knowledge and skills. While it's not easy, it can improve your health and your ability to navigate the complexities of your financial life.

[Desmong]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

Your opening post is on a very interesting and important topic which is also being debated worldwide. In my opinion role of education is vital for shaping up individual's Learning fundamental theoretical principles plays crucial role to understand underlying concepts and enable us to implement them effectively in real life.  However, practical on hand Experience is equally important to apply your learning to achieve tangible and realistic results.  

People say education is not important for your success but they forget this fact that its not all about success education is important for your self growth and grooming  it helps you to widen your mindset and thinking and teaches you about different techniques that can be used in different parts of life .
So for financial literacy education is extremely important to get the best of everything.

Education is very important and there is need for us to get educated because this will help us when we want to join politics so we wouldn't be see as someone that do not go to school. Becoming education do not guarantee our success but we need to know what we are doing so that we don't get wanted for crime.

[Theones]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

Your opening post is on a very interesting and important topic which is also being debated worldwide. In my opinion role of education is vital for shaping up individual's Learning fundamental theoretical principles plays crucial role to understand underlying concepts and enable us to implement them effectively in real life.  However, practical on hand Experience is equally important to apply your learning to achieve tangible and realistic results.  

People say education is not important for your success but they forget this fact that its not all about success education is important for your self growth and grooming  it helps you to widen your mindset and thinking and teaches you about different techniques that can be used in different parts of life .
So for financial literacy education is extremely important to get the best of everything.

Education is very important and there is need for us to get educated because this will help us when we want to join politics so we wouldn't be see as someone that do not go to school. Becoming education do not guarantee our success but we need to know what we are doing so that we don't get wanted for crime.

Education makes you are better person though but no doubt there are some educated people who would stab you in your back and would be the worse person you have ever witnessed in your life.

[Devwuh]

Education can help people understand financial literacy. Through education, people can learn basic financial concepts and skills, understand financial markets, investment strategies, risk management, and better manage their finances.

[Latviand]

Education can help people understand financial literacy. Through education, people can learn basic financial concepts and skills, understand financial markets, investment strategies, risk management, and better manage their finances.

Education is general, what you're talking about is financial education, let's assume your "education" is financial education, I do agree with that notion but what you're saying is already a given thing when we talk about financial literacy. Also, not all those things that you've listed is needed to be learned if you want to be financially literate, not everyone who is financially educated does investing although it's rare, some of them just wants to be better at managing their household finances. Also worth mentioning that financial market is a big concept, and I think it's something that's too advanced if not worthless for someone who just wants to be better at budgeting their money.

Besides reading from different sources to gain more financial knowledge and get more familiarized with the concept, I think it's also important that we also should ask questions, be inquisitive when it comes to what you're reading like is the author really on my side here? Does it benefit my goal? Is the contents appropriate to the current times or financial climate? Better to be knowledgeable and wise, remember that.

[barisbilgili]

Education can help people understand financial literacy. Through education, people can learn basic financial concepts and skills, understand financial markets, investment strategies, risk management, and better manage their finances.

Education is general, what you're talking about is financial education, let's assume your "education" is financial education, I do agree with that notion but what you're saying is already a given thing when we talk about financial literacy. Also, not all those things that you've listed is needed to be learned if you want to be financially literate, not everyone who is financially educated does investing although it's rare, some of them just wants to be better at managing their household finances. Also worth mentioning that financial market is a big concept, and I think it's something that's too advanced if not worthless for someone who just wants to be better at budgeting their money.

Besides reading from different sources to gain more financial knowledge and get more familiarized with the concept, I think it's also important that we also should ask questions, be inquisitive when it comes to what you're reading like is the author really on my side here? Does it benefit my goal? Is the contents appropriate to the current times or financial climate? Better to be knowledgeable and wise, remember that.

when we already have extensive knowledge then we will be able to distinguish which one is best for ourselves so that is why education is important, it is true that not only general education will affect us to be able to manage finances, many aspects will affect but still basically education is very important, I do not deny that.

to get knowledge there are many things we can do even the most valuable knowledge is self-experience that we do not find in education which only contains theory.

[Theones]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

Your opening post is on a very interesting and important topic which is also being debated worldwide. In my opinion role of education is vital for shaping up individual's Learning fundamental theoretical principles plays crucial role to understand underlying concepts and enable us to implement them effectively in real life.  However, practical on hand Experience is equally important to apply your learning to achieve tangible and realistic results.  

People say education is not important for your success but they forget this fact that its not all about success education is important for your self growth and grooming  it helps you to widen your mindset and thinking and teaches you about different techniques that can be used in different parts of life .
So for financial literacy education is extremely important to get the best of everything.

Education is very important and there is need for us to get educated because this will help us when we want to join politics so we wouldn't be see as someone that do not go to school. Becoming education do not guarantee our success but we need to know what we are doing so that we don't get wanted for crime.

the other thing apart from education is your brought up and your family upbringing but it is always a great idea to learn new skills- live as if you were to die tomorrow learn as if you have to live forever!
Set new standards of your life.

[xSkylarx]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

Your opening post is on a very interesting and important topic which is also being debated worldwide. In my opinion role of education is vital for shaping up individual's Learning fundamental theoretical principles plays crucial role to understand underlying concepts and enable us to implement them effectively in real life.  However, practical on hand Experience is equally important to apply your learning to achieve tangible and realistic results.  

People say education is not important for your success but they forget this fact that its not all about success education is important for your self growth and grooming  it helps you to widen your mindset and thinking and teaches you about different techniques that can be used in different parts of life .
So for financial literacy education is extremely important to get the best of everything.

Education is very important and there is need for us to get educated because this will help us when we want to join politics so we wouldn't be see as someone that do not go to school. Becoming education do not guarantee our success but we need to know what we are doing so that we don't get wanted for crime.

Education makes you are better person though but no doubt there are some educated people who would stab you in your back and would be the worse person you have ever witnessed in your life.

Even some educated person are not good people I mean they tend to criticize lower than them which is really bad but again other people has no morale to others which I dont know why but education really teaches all aspects in our life except how to start a business or earn money in real life as we just taught to have a 8-5pm job and repeat the cycle because thats what they teaches. When it comes to financially they are really into savings which teach us how to save , manage and somewhat how do we spend it.

[smile1218]

With the right education, individuals can learn how to budget, save, invest and even manage debt. Education in financial literacy can begin in an early age, teaching children the basics of money management through interactive activities and games. As students progress through their academic careers, they can learn more advanced financial concepts such as credit, taxes and retirement planning. In higher education it can also provide valuable financial literacy training. College coursed in personal finance and economics can help students prepare for the financial challenges they will face in the near future. Education in financial literacy is essential for all individuals to make informed financial decisions and achieve long term financial stability. By providing financial education at all levels of education, individuals can better manage their finances and improve their quality of life.

[bestcoins1]

the other thing apart from education is your brought up and your family upbringing but it is always a great idea to learn new skills- live as if you were to die tomorrow learn as if you have to live forever!
Set new standards of your life.

I use the expression you said in terms of making money, because when I'm working to make money, I never even remember to die and always remember to live forever so I never feel tired when working. It also motivates me not to be lazy because I always have the urge to produce more, besides continuing to add knowledge to things I don't know in life. But apart from all that, I also don't forget to worship in life because it can remind me of death which certainly everyone will not know when.

[Falconer]

The role of education in financial literacy is indeed important, but not everyone has to graduate from higher education to be able to manage finances well. Direct experience and practice will make them able to manage it well, but of course it would be great if they have a strong foundation before directly involved with the economic field.

In conclusion, knowledge is most important regardless of whether it is obtained from a university or learned independently through various sources. The problem is that the internet has so much misleading information that they end up verifying that information well before fully believing what is written.

[lixer]

Education can help people understand financial literacy. Through education, people can learn basic financial concepts and skills, understand financial markets, investment strategies, risk management, and better manage their finances.

I believe it's more practice and general knowledge that can make you financially literate even if you are not formally educated, because if you do something again and again, you tend to learn to do that pretty well, while theoretical education can't make you as perfect as practical education can, so one might learn the basics and tools or concepts of financial market and stuff, one will only be financially literate if they practice managing finances and stuff.

General education can provide you with a sense of how you can use different practices to achieve better results but when it comes to finances and their management, you can learn it without having to formally get educated even though it's better if you can afford to do that.

[Quidat]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

Your opening post is on a very interesting and important topic which is also being debated worldwide. In my opinion role of education is vital for shaping up individual's Learning fundamental theoretical principles plays crucial role to understand underlying concepts and enable us to implement them effectively in real life.  However, practical on hand Experience is equally important to apply your learning to achieve tangible and realistic results.  

People say education is not important for your success but they forget this fact that its not all about success education is important for your self growth and grooming  it helps you to widen your mindset and thinking and teaches you about different techniques that can be used in different parts of life .
So for financial literacy education is extremely important to get the best of everything.

Education is very important and there is need for us to get educated because this will help us when we want to join politics so we wouldn't be see as someone that do not go to school. Becoming education do not guarantee our success but we need to know what we are doing so that we don't get wanted for crime.

Education makes you are better person though but no doubt there are some educated people who would stab you in your back and would be the worse person you have ever witnessed in your life.

Even some educated person are not good people I mean they tend to criticize lower than them which is really bad but again other people has no morale to others which I dont know why but education really teaches all aspects in our life except how to start a business or earn money in real life as we just taught to have a 8-5pm job and repeat the cycle because thats what they teaches. When it comes to financially they are really into savings which teach us how to save , manage and somewhat how do we spend it.

Telling those things just to make other peoples lives to obtain up their goals or targets in life? Yes, possibly but everything would really be depending on how someone they would really be able to sail up with their own lives which is of course it would be basing and depending up on the decisions that they have done along the way. There's always a fine line about peoples personality + their knowledge into certain things on which it is true that criticisms and belittling others is really that very common on which it would really be just that something could be seen. Whereas on come to think that there are people which are better than them on various knowledge or things that they havent known it yet despite on having that broad knowledge of everything but we know that
everything does have its limitation and there are things in this world which its really limited into a certain individual and this is why you would really be still look likes a baby on the time
that someone introduced it to you.

[Wong Gendheng]

Education is a very important thing for finance, someone who has a good basic of education will certainly be successful when managing money, this is what makes the first choice of a lecture is usually a department of economics, in addition to being a financial expert, of course education can deliver to become an entrepreneur .

[MoonOfLife]

Education is a very important thing for finance, someone who has a good basic of education will certainly be successful when managing money, this is what makes the first choice of a lecture is usually a department of economics, in addition to being a financial expert, of course education can deliver to become an entrepreneur .

Being educated is a good thing and your advantage over others. But having an education doesn't guarantee anything. Do you manage your money well? Can you become an entrepreneur? Will you make money or not...It all depends on how you use and apply it. That is also why many people are highly educated but unemployed and blame education. But they do not look back at them, it is all because they are too ignorant, lazy, and do not know how to apply and apply in life to create benefits.

[bestcoins1]

Education is a very important thing for finance, someone who has a good basic of education will certainly be successful when managing money, this is what makes the first choice of a lecture is usually a department of economics, in addition to being a financial expert, of course education can deliver to become an entrepreneur .

Studying is a very common thing for everyone and it doesn't have to only be in the economics sector, because people who study in other majors can also manage their finances well. What's even worse is that there are people who major in economics but cannot manage their money any better and I have never encountered such a thing in my surroundings. So in terms of education or lectures it is a general choice that doesn't have to be in just one major, because those who study in majors other than economics can also become entrepreneurs.

Being educated is a good thing and your advantage over others. But having an education doesn't guarantee anything. Do you manage your money well? Can you become an entrepreneur? Will you make money or not...It all depends on how you use and apply it. That is also why many people are highly educated but unemployed and blame education. But they do not look back at them, it is all because they are too ignorant, lazy, and do not know how to apply and apply in life to create benefits.

I agree more with the opinion you expressed, because in fact what I have found in my environment is that there are many unemployed people who blame education when they fail to get a job and open the business they want. Even though they themselves are lazy to try and have never struggled with high enough enthusiasm, except for only spending what their parents gave them to finish the lectures they had started. So the success or failure of someone in managing their finances is always very dependent on how they apply the knowledge they have acquired while in education.

[CryptocurencyKing]

Education is a very important thing for finance, someone who has a good basic of education will certainly be successful when managing money, this is what makes the first choice of a lecture is usually a department of economics, in addition to being a financial expert, of course education can deliver to become an entrepreneur .

Being educated is a good thing and your advantage over others. But having an education doesn't guarantee anything. Do you manage your money well? Can you become an entrepreneur? Will you make money or not...It all depends on how you use and apply it. That is also why many people are highly educated but unemployed and blame education. But they do not look back at them, it is all because they are too ignorant, lazy, and do not know how to apply and apply in life to create benefits.

Finance might seem like an easy thing for most persons. You assume it to be just figures and as such, with the least knowledge as per being able to add and subtract figures, your on track but, that's not all to it.
There is a lot more that can be deduced from numbers. They are the only thing that stays true all the time and as such proper documentation and reconciliation is vital.
That's where education helps you to archive and it creates room fir understanding concepts easily. One who isn't educated, even the smallest concept might prove difficult to grab and numbers would always be that and nothing more.

[YinShuiSiYuan]

Education is a very important thing for finance, someone who has a good basic of education will certainly be successful when managing money, this is what makes the first choice of a lecture is usually a department of economics, in addition to being a financial expert, of course education can deliver to become an entrepreneur .

Being educated is a good thing and your advantage over others. But having an education doesn't guarantee anything. Do you manage your money well? Can you become an entrepreneur? Will you make money or not...It all depends on how you use and apply it. That is also why many people are highly educated but unemployed and blame education. But they do not look back at them, it is all because they are too ignorant, lazy, and do not know how to apply and apply in life to create benefits.

Finance might seem like an easy thing for most persons. You assume it to be just figures and as such, with the least knowledge as per being able to add and subtract figures, your on track but, that's not all to it.
There is a lot more that can be deduced from numbers. They are the only thing that stays true all the time and as such proper documentation and reconciliation is vital.
That's where education helps you to archive and it creates room fir understanding concepts easily. One who isn't educated, even the smallest concept might prove difficult to grab and numbers would always be that and nothing more.

Education is important for financial dealings you cannot learn about every detail by yourself.  Financial literacy is a must for business and accounts dealing if you look for any other options you might end up in trouble .
Somethings can be learned by practice and experience but some requires proper knowledge that is acquired by education.

[CarnagexD]

Set new standards of your life.

I use the expression you said in terms of making money, because when I'm working to make money, I never even remember to die and always remember to live forever so I never feel tired when working. It also motivates me not to be lazy because I always have the urge to produce more, besides continuing to add knowledge to things I don't know in life. But apart from all that, I also don't forget to worship in life because it can remind me of death which certainly everyone will not know when.

Definitely. Because if you don't have any standard for how you want to live your life, you will just live like other people. What is your standard on making an investment? Is saving enough for you? Do you take financial risks? Once you know what you want in life, it's very easy to identify what is the real opportunity for you and what is a distraction. At first, there won't be any balance in your life because your working on one aspect. But over time as you work on other things little by little, it will compound and build a foundation for a better life. A good financial literate man is just a reflection of their own discipline doing what they know is right.

[Cling18]

Set new standards of your life.

I use the expression you said in terms of making money, because when I'm working to make money, I never even remember to die and always remember to live forever so I never feel tired when working. It also motivates me not to be lazy because I always have the urge to produce more, besides continuing to add knowledge to things I don't know in life. But apart from all that, I also don't forget to worship in life because it can remind me of death which certainly everyone will not know when.

Definitely. Because if you don't have any standard for how you want to live your life, you will just live like other people. What is your standard on making an investment? Is saving enough for you? Do you take financial risks? Once you know what you want in life, it's very easy to identify what is the real opportunity for you and what is a distraction. At first, there won't be any balance in your life because your working on one aspect. But over time as you work on other things little by little, it will compound and build a foundation for a better life. A good financial literate man is just a reflection of their own discipline doing what they know is right.

They say contentment is the key to happiness but sometimes, having this kind of mindset leads to a lack of motivation and laziness. Striving for more and always aiming for the better is the best that we can do to achieve more in life.
If we want to live a comfortable life then we should double or even triple our efforts to work and grind more. If we are achieving what we want then we should set a higher standard for us to have enough preparation for the future. It doesn't mean that we have to work all our lives but rather work hard so when we get old, we'll have enough energy and savings to live a comfortable life.

[TheSpiral]

I totally agree with the idea that a mix of education and hands-on experience is the way to go in the financial world. My journey started with some online courses like those from Governance Consulting, and I also learned the ropes when I started investing and tracking the market myself. It's all about finding what works best for you!

In financial world education play a vital role whereas experience is also necessary because these two comes with one another and without any of these you cannot be Victorious in financial world.

A man can get experience through the passage of timing but education is not achieved as you have to get education in little age. There is a specific timing for getting education whereas experience can be made in any age of life.

Getting education also does not work properly because they forget all the things they have learned through education in early years therefore obtaining standard education is compulsory in getting success in finance.

[dothebeats]

I totally agree with the idea that a mix of education and hands-on experience is the way to go in the financial world. My journey started with some online courses like those from Governance Consulting, and I also learned the ropes when I started investing and tracking the market myself. It's all about finding what works best for you!

This is true. One thing may not work for the other while it works for you, and that's how it normally goes. As for the mix of education and experience I 100% agree with you. Even by just simply applying for a corporate position, they will look at back your educational background and work experience to determine how good of a choice you are compared to other applicants. Personally, the education here in the country I like in lacks focus and attention towards general financial knowledge, students here graduates with a bachelor's degree without having any idea how taxation works. Hence, we mostly rely on experience we will get as we go on our career paths, however no matter how much this has been working for us, it cannot be denied that things would have been easier if we could have gotten at least the basics in terms of knowledge in finance.

[Cheema02]

Education is a very important thing for finance, someone who has a good basic of education will certainly be successful when managing money, this is what makes the first choice of a lecture is usually a department of economics, in addition to being a financial expert, of course education can deliver to become an entrepreneur .

Being educated is a good thing and your advantage over others. But having an education doesn't guarantee anything. Do you manage your money well? Can you become an entrepreneur? Will you make money or not...It all depends on how you use and apply it. That is also why many people are highly educated but unemployed and blame education. But they do not look back at them

Skills are very important in life to be successful. If we want our kids to be successful, leave him for work and leave in practical life  and after facing crucial time and with a lot of experience of practical, they will be successful in life. Success without payment is not good for a person. We see many athletes and land Lords sons who wasted their all money in useless things. For success in life, one should get knowledge and skills of his field. Knowledge is name of thing, working of thing when we memorize it . And skills are described as practical things done by hand. Both knowledge and skills are important in life. But skills are more preferable than knowledge in any field.

[so98nn]

I am not sure if this is hundred percent true or not. There is friend of mine who is MD Surgeon in orthopaedics. He has done hundreds of major and minor surgeries till now but one thing he never did is, saved. He did not save his money properly, Never thought of investing his money in some sort of investment portfolio. All he do is live an expensive lifestyle, get good cars, enjoy holidays in exotic places. The question is whether he would be fine when it comes to emergencies in the lifetime or maybe things go south in the future or at the age of retirement? He doesn’t care about it even if he is so much educated and talented. Sometimes peeps are not thinking straight. They would just think about the current timeline. However, in today’s world you never know what sort of situation will hit you hard. Better get the lesson from inside out with own sense of managing finances. No one can help oneself with that.

[topbitcoin]

The question is whether he would be fine when it comes to emergencies in the lifetime or maybe things go south in the future or at the age of retirement?

My answer is quite simple, if he is someone who is educated and talented then he will never do something like that, because someone who is educated will always think and consider everything about the things he does and the things he will do in the future both in the short and long term. except, perhaps he is someone who is snobbish and used to living a luxurious life (hedonism) where he wants to always look cool and financially capable, which he does for the sake of respect and recognition from other people that he is someone who is rich and capable. And when someone is in this phase, they no longer think that living with high prestige is a desire, but they think that this is a necessity so that other people can continue to respect them. And of course, if this continues then this will be a boomerang that will be detrimental to him and his future.

[icalical]

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

I think you need to specifically state what you mean by Education is formal education / school education, at least in that certain paragraph. Because when you only said education, people could assume any education, and it's very broad term, there are many educational article and video content on the internet about financial and economy, and I guess anyone who can learn finance from those article and videos could be also considered self-taught.

[|MINER|]

I agree with your words.  Education makes people better.  Education improves human knowledge.  The more educated a person is, the better he can explore any subject, the better he can analyze data.  People's understanding of bitcoin will be better by being educated about economics.  The age is now modern we all should keep pace with the age.  People who are educated about economics will definitely perform very well in bitcoin forum.  And his performance will be better than that of an ignorant person.  But we cannot deny that no one can prosper without being educated about economics, certainly has.

[Juse14]

The role of education is very powerful in economic literacy, of course it greatly influences the regulation of every action and behavior of business actors if they understand the importance of a good personality. An interesting step is that if all the behavior makes them aware of the importance of understanding economics itself, it will slightly reduce the mental losses and bad character of business actors.
The most fundamental change is if they help each other grow economic value in the real environment. because there is still much we can develop apart from personal economic success and smoothness. We have known about future economic growth for a long time, but in principle, economic literacy is very important in viewing the economy both locally and internationally.

[TakeItEasy]

Most people are lose in trading, I'd say it's better for people to learn about hard skill e.g. engineering, agriculture, accounting, etc than trading because not everyone are successful by learn trading.

If it comes to other education system you mentioned,  like engineering,  agriculture,  accounting etc,  Are you sure about these people after doing and getting these skills will not do any loss in their own field? If I can say about my country,  there are some people who are engineers and they didn't have a job even they have their engineering degree's,  I have seen some people there spending 5-10 years in a specific field and doing their studies in a specific field but after completing their studies they are still jobless. Wouldn't you think, trading is something better than these? I'm not saying trading will give you 100% success but it is still better than studying for that much years and still jobless,  especially in our country.

I hope you will get the point I wanted to explain,  also education plays an important role in all these aspects.

[milewilda]

The question is whether he would be fine when it comes to emergencies in the lifetime or maybe things go south in the future or at the age of retirement?

My answer is quite simple, if he is someone who is educated and talented then he will never do something like that, because someone who is educated will always think and consider everything about the things he does and the things he will do in the future both in the short and long term. except, perhaps he is someone who is snobbish and used to living a luxurious life (hedonism) where he wants to always look cool and financially capable, which he does for the sake of respect and recognition from other people that he is someone who is rich and capable. And when someone is in this phase, they no longer think that living with high prestige is a desire, but they think that this is a necessity so that other people can continue to respect them. And of course, if this continues then this will be a boomerang that will be detrimental to him and his future.

This is something a question that could really be answered plainly with you own common sense on which it would really be just that so normal that you would already know on what are the things that you should do
which into those people who had those good educational background and some relevant knowledge and skills and with those mixed with real experience then they are those individuals who do really have that kind of capacity on molding up their back up plans whenever shit thing happens compared into those people who doesnt really have that kind of knowledge and some mix of awareness of potential things that could happen ahead.
The main differences on some people is on which that those who are minding their future will really be making up that certain step on the present on which they would really be able to acquire on what those plans that they do have in mind comparing into those people who do have that stagnant like kind of thinking then they would really be surely not minding about their future or what are the things that would be in tomorrow or simply
doesnt have those back up plans and would really be just whining and crying when shit conditions or situations happen into their lives. There's really a significant difference in between two parts.

[Smartvirus]

Most people are lose in trading, I'd say it's better for people to learn about hard skill e.g. engineering, agriculture, accounting, etc than trading because not everyone are successful by learn trading.

If it comes to other education system you mentioned,  like engineering,  agriculture,  accounting etc,  Are you sure about these people after doing and getting these skills will not do any loss in their own field? If I can say about my country,  there are some people who are engineers and they didn't have a job even they have their engineering degree's,  I have seen some people there spending 5-10 years in a specific field and doing their studies in a specific field but after completing their studies they are still jobless. Wouldn't you think, trading is something better than these? I'm not saying trading will give you 100% success but it is still better than studying for that much years and still jobless,  especially in our country.

I hope you will get the point I wanted to explain,  also education plays an important role in all these aspects.

To trade, you need finance, not except you’re actually trading for someone and that translates into a job won’t it?

The pay here doesn’t make no difference but, what seems to be the case is that, you’ve found a way to render some service or provide a valued product that could be exchanged for money.

Now, what stops you, haven’t gone to school and spent whatever year you exhausted in getting a degree, what keeps you from trading afterwards or offer some services, start a business that might be outside your field or skill and when your well financed, you could start a business in your field.

Education don’t always prepare you to be an employee, it also prepares you to be an employer of labor. If your continually shift to one side and it’s just working out, take steps towards the other side.

[slapper]

The question is whether he would be fine when it comes to emergencies in the lifetime or maybe things go south in the future or at the age of retirement?

My answer is quite simple, if he is someone who is educated and talented then he will never do something like that, because someone who is educated will always think and consider everything about the things he does and the things he will do in the future both in the short and long term. except, perhaps he is someone who is snobbish and used to living a luxurious life (hedonism) where he wants to always look cool and financially capable, which he does for the sake of respect and recognition from other people that he is someone who is rich and capable. And when someone is in this phase, they no longer think that living with high prestige is a desire, but they think that this is a necessity so that other people can continue to respect them. And of course, if this continues then this will be a boomerang that will be detrimental to him and his future.

This is something a question that could really be answered plainly with you own common sense on which it would really be just that so normal that you would already know on what are the things that you should do
which into those people who had those good educational background and some relevant knowledge and skills and with those mixed with real experience then they are those individuals who do really have that kind of capacity on molding up their back up plans whenever shit thing happens compared into those people who doesnt really have that kind of knowledge and some mix of awareness of potential things that could happen ahead.
The main differences on some people is on which that those who are minding their future will really be making up that certain step on the present on which they would really be able to acquire on what those plans that they do have in mind comparing into those people who do have that stagnant like kind of thinking then they would really be surely not minding about their future or what are the things that would be in tomorrow or simply
doesnt have those back up plans and would really be just whining and crying when shit conditions or situations happen into their lives. There's really a significant difference in between two parts.

People plan and predict their future differently. You're right: some have education, skills, and experience. These tools enable them to foresee problems and create backups. Perhaps they have a roadmap for probable obstacles. But what about those without foresight?

Wasn't it true that those who think about tomorrow, really focus on the future, take action today? Aren't they proactive? Other people may not think as far ahead. They may be unprepared or overwhelmed by unanticipated obstacles. Yes, that is quite the contrast. A lifestyle contrast. But isn't life about choices? Choices we make, or don't make?

[Renampun]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

...

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

The world of finance is filled with things that are complicated and cannot be understood simply, for this reason broad insight is really needed for every investor, in this case we are discussing cryptocurrencies, well we all know that cryptocurrencies are something that is currently in demand  developing at the moment, there are many people who are studying it, so don't ever miss out on small things such as security and long-term prospects.

Another reason why education is important in cryptocurrency is because the level of fraud in cryptocurrency has been quite high in recent years, and you will only fall into the trap of fraudsters if you don't know in detail what you are doing.

[Gozie51]

I agree with your words.  Education makes people better.  Education improves human knowledge.  The more educated a person is, the better he can explore any subject, the better he can analyze data.  People's understanding of bitcoin will be better by being educated about economics.  The age is now modern we all should keep pace with the age.  People who are educated about economics will definitely perform very well in bitcoin forum.  And his performance will be better than that of an ignorant person.  But we cannot deny that no one can prosper without being educated about economics, certainly has.

Given that education is important but it is not really about the forum but how to manage the financial capacity with your education. Education and finance is really about investment and the understanding that you need to grow your finance for the future so you are established and live a worthy and relaxed life all through your time on earth plus leaving a financial legacy for your children, family and the less privileged. It is someone who has good financial planning that can achieve that by having the right kind of financial education to diversify income into different areas to have increased revenue.

Having only one source of income does not show an individual has a financial education for multiplication and so it is important to grow wealth, like it was Benjamin Franklin who said, "if you fail to plan, you plan to fail".

It was Benjamin Franklin who said “If you fail to plan, you plan to fail.” What he meant was that basically success doesn't happen by accident. It takes planning, knowing where you are heading and how you will get there. If you fail to do this you may stumble upon a win here or there, but the ultimate success won't be in that stumble.

https://paperlypeople.com/failing-to-plan-really-does-mean-planning-to-fail/#:~:text=5%20shares,how%20you%20will%20get%20there.

[KiaKia]

Financial literacy? Well, how about common sense? Degree owners in my country still fall victim to loan sharks and Ponzi schemes, why isn't their financial literacy sounding a red flag bell in their ears? That's why some old illiterates are way smarter than today's educated people, because it's not always about education, and most times it's just common sense.

I am not in support that education isn't playing a major role here but the majority of educated people are the ones who are blindly doing shits in my country, some things that uneducated people should be a victim of, it's a big shame.

There is a vital point why some world billionaires ditched education and degrees, and it's not that hard to understand why, so many things that don't make sense in school, shits that you aren't going to use in the real world, and also practical is way better than theory.

[Biznesmen]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

Financial literacy is a highly undeniable topic nowadays. The relevance of financial literacy was not much back then, but nowadays the economy is growing faster and is going through new financial paths. To adapt to the changes in the economy, we need education, which helps us become familiar with the new opportunities and how to use them in a better way. This helps people to think about their choices, and finally they can make the best choice financially. This exposure is the first step to changing their lives and those of their loved ones. In education, financial literacy should be a compulsory subject to take, and it should start at the school level. Every country's government should take initiative on this matter.
 

[dothebeats]

Financial literacy? Well, how about common sense? Degree owners in my country still fall victim to loan sharks and Ponzi schemes, why isn't their financial literacy sounding a red flag bell in their ears? That's why some old illiterates are way smarter than today's educated people, because it's not always about education, and most times it's just common sense.

I am not in support that education isn't playing a major role here but the majority of educated people are the ones who are blindly doing shits in my country, some things that uneducated people should be a victim of, it's a big shame.

There is a vital point why some world billionaires ditched education and degrees, and it's not that hard to understand why, so many things that don't make sense in school, shits that you aren't going to use in the real world, and also practical is way better than theory.

Why choose one when you can have both? While this may be the case for you, I'm sure there are others who have witnessed the complete opposite wherein uneducated people are the ones who are the main target of scams and other financial crimes. While you have a point regarding practically dominating theory, we cannot take away the fact that educated people also have an advantage uneducated people don't possess. So, instead of choosing one, why not both? Practice the theory.

[Peanutswar]

There alot of information and skills that the school does not teach well we can't do that because there are a lot of heads make their own curriculum but for me it's ideal if they make a revise on it, or else the student will just focus on this and not think outside the world or the reality, the school does not teach about investment, market, businesses (few only opens it), repair of equipment, taxes and etc. those are the basic ones but over all you will learn those after you will once you are after your school on the reality, well we don't need to pressure everything because people have a lot of time that could be use to learn this things up but its good if there's a chance they give a heads up so people will not become ignorant with these things.

[uswa56]

Financial literacy is a highly undeniable topic nowadays. The relevance of financial literacy was not much back then, but nowadays the economy is growing faster and is going through new financial paths. To adapt to the changes in the economy, we need education, which helps us become familiar with the new opportunities and how to use them in a better way. This helps people to think about their choices, and finally they can make the best choice financially. This exposure is the first step to changing their lives and those of their loved ones. In education, financial literacy should be a compulsory subject to take, and it should start at the school level. Every country's government should take initiative on this matter.
 

You are right, in facing economic changes we do need financial literacy education so that they can use their income well and they don't use their money for things they don't need. I really agree if the government makes financial literacy a mandatory subject because everyone really understands how to earn their income but only a few people can use their money well so they can't save their money and what is very unfortunate is that they have to go into debt to be able to fulfill their needs.

[slapper]

There alot of information and skills that the school does not teach well we can't do that because there are a lot of heads make their own curriculum but for me it's ideal if they make a revise on it, or else the student will just focus on this and not think outside the world or the reality, the school does not teach about investment, market, businesses (few only opens it), repair of equipment, taxes and etc. those are the basic ones but over all you will learn those after you will once you are after your school on the reality, well we don't need to pressure everything because people have a lot of time that could be use to learn this things up but its good if there's a chance they give a heads up so people will not become ignorant with these things.

Absolutely, I couldn't agree more. Key life skills are often overlooked in schools. Investment, market dynamics, business plans, equipment repair, taxes—essentials, right? The regular curriculum generally ignores them. For what reason? Why not prioritize these topics?

Recently, bitcoin and other cryptocurrencies have become important. However, how many schools teach bitcoin? Not many, I think. A bit ironic, huh? Students are being prepared for a future when digital currencies rule, but they're not being taught how to navigate this new economy

Yes, people can learn these things after school, but wouldn't it be better to start early? As they say, forewarned is forearmed. In our fast-changing world, a heads-up can make all the difference. Why aren't we better preparing our students?

[YUriy1991]

Absolutely, I couldn't agree more. Key life skills are often overlooked in schools. Investment, market dynamics, business plans, equipment repair, taxes—essentials, right? The regular curriculum generally ignores them. For what reason? Why not prioritize these topics?

Recently, bitcoin and other cryptocurrencies have become important. However, how many schools teach bitcoin? Not many, I think. A bit ironic, huh? Students are being prepared for a future when digital currencies rule, but they're not being taught how to navigate this new economy

Yes, people can learn these things after school, but wouldn't it be better to start early? As they say, forewarned is forearmed. In our fast-changing world, a heads-up can make all the difference. Why aren't we better preparing our students?

Everything must be prepared and correct and if we compare it with current conditions this is not wrong because world economic development is increasingly shifting towards a digital economy and BTC and others are also items of this development.

Yes. At least it is hoped that this will provide an initial idea of how important it is in the future, although in reality the current curriculum regarding educational discussions digital currency (in this case crypto), in schools has not been widely acknowledged.

[Natsuu]

I am not sure if this is hundred percent true or not. There is friend of mine who is MD Surgeon in orthopaedics. He has done hundreds of major and minor surgeries till now but one thing he never did is, saved. He did not save his money properly, Never thought of investing his money in some sort of investment portfolio. All he do is live an expensive lifestyle, get good cars, enjoy holidays in exotic places. The question is whether he would be fine when it comes to emergencies in the lifetime or maybe things go south in the future or at the age of retirement? He doesn’t care about it even if he is so much educated and talented. Sometimes peeps are not thinking straight. They would just think about the current timeline. However, in today’s world you never know what sort of situation will hit you hard. Better get the lesson from inside out with own sense of managing finances. No one can help oneself with that.

Well, it's true it's best for everyone to always have a safety net for their money. So that in case of an emergency, everyone can have something to get and provide for their needs. Assuming that during that emergency money still has its value. That's why we have BTC and cryptocurrency. It serves as both. As a currency for mode of transactions and also for investment purposes when you hold it in a long period of time until you have enough to harvest when it appreciates it's value from the time you bought it at lower price.

We have different ways to live our lives. We have different levels of tolerance of risk and levels of preservation, also for saving. The most important thing is we live in wealth without stepping on other people's living.
 

[macson]

I am not sure if this is hundred percent true or not. There is friend of mine who is MD Surgeon in orthopaedics. He has done hundreds of major and minor surgeries till now but one thing he never did is, saved. He did not save his money properly, Never thought of investing his money in some sort of investment portfolio. All he do is live an expensive lifestyle, get good cars, enjoy holidays in exotic places. The question is whether he would be fine when it comes to emergencies in the lifetime or maybe things go south in the future or at the age of retirement? He doesn’t care about it even if he is so much educated and talented. Sometimes peeps are not thinking straight. They would just think about the current timeline. However, in today’s world you never know what sort of situation will hit you hard. Better get the lesson from inside out with own sense of managing finances. No one can help oneself with that.

The thing that most often traps people is the comfort zone, right now your friend is in the mindset that there is no tomorrow, he always spends a lot of money in proportion to what he earns, in the long term, of course, his lifestyle is very dangerous, he will definitely borrow money or sell valuables when he is really in trouble for money, financial management education is important and not everyone wants to take the time to learn it, self-reward is important but saving for the future is much more important.

[synchronym]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

Education is very important in people's life in terms of financial literacy if we don't get minimum education then we will lag behind in all fields. Education plays a very important role in people's life, their conduct, business, money savings, loans, etc. Education is very important in people's life. There are many people who may not have had the light of education in their lives but they are financially far behind because of the much advanced education, so education also plays a big role in earning money. If we don't have minimum education I guess you can earn money but you have to calculate and maintain that money properly so education plays a very important role in our life.

[Dickiy]

I am not sure if this is hundred percent true or not. There is friend of mine who is MD Surgeon in orthopaedics. He has done hundreds of major and minor surgeries till now but one thing he never did is, saved. He did not save his money properly, Never thought of investing his money in some sort of investment portfolio. All he do is live an expensive lifestyle, get good cars, enjoy holidays in exotic places. The question is whether he would be fine when it comes to emergencies in the lifetime or maybe things go south in the future or at the age of retirement? He doesn’t care about it even if he is so much educated and talented. Sometimes peeps are not thinking straight. They would just think about the current timeline. However, in today’s world you never know what sort of situation will hit you hard. Better get the lesson from inside out with own sense of managing finances. No one can help oneself with that.

The thing that most often traps people is the comfort zone, right now your friend is in the mindset that there is no tomorrow, he always spends a lot of money in proportion to what he earns, in the long term, of course, his lifestyle is very dangerous, he will definitely borrow money or sell valuables when he is really in trouble for money, financial management education is important and not everyone wants to take the time to learn it, self-reward is important but saving for the future is much more important.

Agreed, the comfort zone is a condition or point where people will feel very comfortable with such conditions, whether it's for those who still don't have a job but are well-off because both parents are rich and also for those who already have a good job but can't manage their finances at all, and instead act as they wish by behaving excessively in allocating money. Well that's a pretty ridiculous assumption and mindset, as if you will be able to earn money to sustain your life tomorrow. I like the statement "better to prevent than to cure" this is very suitable for our discussion this time and can be used as a reference for consideration.

So in conditions like this, for example your finances are good does not mean you have to spend the money for your own satisfaction, but you have to think about "how your life will be the next day", you have to think about it because no one will be able to guarantee that you will continue to live well, the wheels keep turning so therefore you have to think about your future, one of them is by starting to manage money carefully, avoid excessive spending and invest your money from now on. You will not know what will happen later, especially in terms of finance, so you can start this alternative to minimize things that are not wanted in the future.

[jrrsparkles]

I am not sure if this is hundred percent true or not. There is friend of mine who is MD Surgeon in orthopaedics. He has done hundreds of major and minor surgeries till now but one thing he never did is, saved. He did not save his money properly, Never thought of investing his money in some sort of investment portfolio. All he do is live an expensive lifestyle, get good cars, enjoy holidays in exotic places. The question is whether he would be fine when it comes to emergencies in the lifetime or maybe things go south in the future or at the age of retirement? He doesn’t care about it even if he is so much educated and talented. Sometimes peeps are not thinking straight. They would just think about the current timeline. However, in today’s world you never know what sort of situation will hit you hard. Better get the lesson from inside out with own sense of managing finances. No one can help oneself with that.

The thing that most often traps people is the comfort zone, right now your friend is in the mindset that there is no tomorrow, he always spends a lot of money in proportion to what he earns, in the long term, of course, his lifestyle is very dangerous, he will definitely borrow money or sell valuables when he is really in trouble for money, financial management education is important and not everyone wants to take the time to learn it, self-reward is important but saving for the future is much more important.

It's called lifestyle inflation, we can show the life of many athletes after their retirement went bad as the best example of why everyone has to stay away from that kind of lifestyle. But the medical field has no threat in my opinion so there will be no issue with his revenue from the medical field but if the person has a family then saving is the important thing to do.

Now here comes to the actual topic, financial education lacking in most of people irrespective of their profession and the main reason for it the curriculum itself is not preferred it in the early stages like in schools. That is why even someone who earns a lot can't move their life to the next level and if someone wants to achieve it then they need to manage their finance properly.

[dezoel]

I am not sure if this is hundred percent true or not. There is friend of mine who is MD Surgeon in orthopaedics. He has done hundreds of major and minor surgeries till now but one thing he never did is, saved. He did not save his money properly, Never thought of investing his money in some sort of investment portfolio. All he do is live an expensive lifestyle, get good cars, enjoy holidays in exotic places. The question is whether he would be fine when it comes to emergencies in the lifetime or maybe things go south in the future or at the age of retirement? He doesn’t care about it even if he is so much educated and talented. Sometimes peeps are not thinking straight. They would just think about the current timeline. However, in today’s world you never know what sort of situation will hit you hard. Better get the lesson from inside out with own sense of managing finances. No one can help oneself with that.

Are you 100% sure that he shares everything with you when it comes to his finances? As far as I know, we barely share everything that we do in our lives with each and every friend that we have unless it is someone too close or someone who has been a best friend for a very long time and already knows everything about us, but friends that aren't that close wouldn't know that much about us or what we do on the inside without letting the general public know.

I say that because a person who is well-educated is a medical surgeon and obviously has a lot of knowledge about life and the world, and every experience that we have in our lives, wouldn't lack financial literacy. There must be something that you either don't know or he doesn't share with you because he must at least be saving some money or have invested some of it somewhere because people with both money and education generally do that.

[Joshapat]

In my opinion, education doesn't really play a role in carrying out financial literacy, we only get a too general picture about finances, even though I graduated in 2020, I didn't get any lessons or introductions about cryptocurrencies, I don't know about education in other countries but what happened in my country was that education didn't happen. changes over a long period of time.

[Fara Chan]

In my opinion, education doesn't really play a role in carrying out financial literacy, we only get a too general picture about finances, even though I graduated in 2020, I didn't get any lessons or introductions about cryptocurrencies, I don't know about education in other countries but what happened in my country was that education didn't happen. changes over a long period of time.

There is no need to blame education when you don't get a curriculum about cryptocurrency specifically at your school or lecture. Because in some countries a learning curriculum about cryptocurrency is not implemented, so most people still have to look for it themselves and learn about cryptocurrency in general for themselves. So you don't need to blame anyone and anything when you don't get special learning about cryptocurrency when you have graduated from the education you have taken for several years.

And until now I have not found special education for cryptocurrency that is implemented in schools in a very basic curriculum with fairly mature learning. But I am sure that every school will teach about economics and that is part of the lessons that can be included in financial literacy because generally the economic sector is related to finance. Meanwhile, cryptocurrency is something that is very different from several other curricula, so the state cannot immediately create a curriculum that is very specific to cryptocurrency.

[harapan]

Actually, when it comes to fundamental financial literacy, it is more or less common sense. Here in my country, however, there is a growing demand that teachers, especially public school teachers, undergo financial literacy. That's basically because they seem to be the primary prey of loan sharks, investment scams, and all kinds of offers. Many of them fall to these schemes and are buried in loans.

I wonder why this is. They are educated people. I bet they must aware of basic money management, credit or loan management, responsible spending, saving, and so on. I guess this isn't about the lack of financial education anymore. It is more of financial self-discipline. It's more of overall awareness, of knowing how to distinguish risk and red flags, and not just in finance.

Financial Education is needed in the future and if those children in schools are the future then that should be taught extensively to handle issues related to finance in the future.
Most of all these are not taught so the government can keep on controlling and maintaining power.
Your are right only if these Financial information have been passed on from small these people would have known what to do and they will be aware enough about their financial plans.

[TakeItEasy]

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

I don't ever think that without knowledge a person can take part in any of the fields, gaining knowledge about every specific field is the important part of the journey. For example, if a person wants to succeed in trading he must have trading knowledge and if a person wants to succeed in some other business he must know that specific business. It is not the same as having knowledge about one business and he is taking part in another business then he will get success, this is not guaranteed. So, there is a very rare total of these persons who are best at every field, I'm not saying that there is no one, but at any point, there must be a weakness of each person.

Here I conclude that we should be mostly getting things through knowledge and if we have a strong side about the knowledge then we can only get to the top not only in that field but we will be able to give other opinions on other businesses too.

[Mr.right85]

In my opinion, education doesn't really play a role in carrying out financial literacy, we only get a too general picture about finances, even though I graduated in 2020, I didn't get any lessons or introductions about cryptocurrencies, I don't know about education in other countries but what happened in my country was that education didn't happen. changes over a long period of time.

I don’t get it when you say, “what happened in your country was that education didn’t happen. Changes over a long period of time”. What do you mean by this? Is that in anyway to mean that, you weren’t taught the situations affecting the economy of your country in class?

That would make your teachers such fortune tellers and not just teachers or lecturers.
Not everything or knowledge are taught in the field of learning or within the walls of an institution. Some learnings are done informally and the education you might have got from within the walls of an institution does play a role in your deductions from what is been fed to you informally and what is been fed to you by societal pressure.

Don’t neglect the process my friend, every bit of it is as vital as it is.

[kingvirtus09]

Do you know that many people do not understand the word financial literacy and do not care about the reality of people's lives? But it can help a lot to anyone or any of us in this world. Well, in fact, there are people who do not know that they have financial knowledge about financial literacy.

Because there are people who were poor before but now their lives are prosperous, they just started with a small business, but eventually they grew their business. Maybe when they started, they were not aware of financial literacy, but they didn't know and noticed that they were already doing it when they were just starting to persevere with their business. There are others who have learned and studied it but can't apply it in their lives; some still have jobs; others have tried to build a business but it didn't grow. You get my point?

[wallet4bitcoin]

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

It is true that sufficient knowledge is required for one to be successful but amongst places to acquire financial literacy, the four walls of the classroom or educational institution isn't crafted to attend to the class of knowledge required to achieve such feat. Successful entrepreneurs are self-taught because they go for what knowlegdge is required to acquire the finances of the businesses they control. You know entirely, that the amount of information you have is what will take your business to greater heights, hence, you are ever in the quest to know more, but educational syllabus doesn't factor that in, they only make provision for what looks like foundation and then they graduate you.

I do not playdown, in any way, the investment in education but financial literacy isn't a product of the educational system alone but one's desperation to succeed drives him to know more and keep searching as long as he's in business.

[Lorence.xD]

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

It is true that sufficient knowledge is required for one to be successful but amongst places to acquire financial literacy, the four walls of the classroom or educational institution isn't crafted to attend to the class of knowledge required to achieve such feat. Successful entrepreneurs are self-taught because they go for what knowlegdge is required to acquire the finances of the businesses they control. You know entirely, that the amount of information you have is what will take your business to greater heights, hence, you are ever in the quest to know more, but educational syllabus doesn't factor that in, they only make provision for what looks like foundation and then they graduate you.

I do not playdown, in any way, the investment in education but financial literacy isn't a product of the educational system alone but one's desperation to succeed drives him to know more and keep searching as long as he's in business.

This is what I observed as a student back then, at school they teach the basics and some knowledge about financial literacy. They are focused on passing instead of learning, cause if they did not passed that degree, they would retake it for another year which is time consuming. That's why some of the school let entrepreneurs itself to teach the youngster on their own way since they are the one more experienced in the field unlike from the textbooks. Cause here in my country, having degree is like the most important thing to achieve. but we know that mostly of the successful entrepreneurs did not even went to schools since they considered it as a waste of time, it would literally depends on the person on what he/she would take of path for achieving their goal in business.

[pinggoki]

OP, you forgot the part that I think is highly underrated when it comes to the benefit of education when it comes to helping people to become financially literate and that is the benefit of getting education is that it elevates the reading comprehension of the people, I mean look at your nearest book that is all about financial literacy, I am sure that there's a lot of technical stuff written in there and if you have a really low reading comprehension, the words and the sentences would just go right through your head and you end up not learning anything. There's a reason why a lot of dictators and totalitarian regimes throughout history have oppressed education in some way or form, and that is to prevent their people from ever becoming critical thinkers and becoming an active member of the society that they're in.

[bayu7adi]

There's a reason why a lot of dictators and totalitarian regimes throughout history have oppressed education in some way or form, and that is to prevent their people from ever becoming critical thinkers and becoming an active member of the society that they're in.

Why oppressed education? The government always wields official authority to enact measures upon its citizens without interference from others. The government possesses laws and unrestricted access to media outlets, along with the applicable permits within the nation. Anyone daring to defy the government may face a punishment that appears lawful, yet it remains shrouded in secrecy.

No matter how one looks at it, education is of paramount importance to all citizens. Even the government would not risk turning its populace into ignorant individuals. The repercussions are substantial for a nation's progress, and the poverty rate would serve as a gauge of a country's success.

A critical thinker can be silenced by the government. The use of governmental authority offers a convenient means to control its citizens.

[boty]

There's a reason why a lot of dictators and totalitarian regimes throughout history have oppressed education in some way or form, and that is to prevent their people from ever becoming critical thinkers and becoming an active member of the society that they're in.

Why oppressed education? The government always wields official authority to enact measures upon its citizens without interference from others. The government possesses laws and unrestricted access to media outlets, along with the applicable permits within the nation. Anyone daring to defy the government may face a punishment that appears lawful, yet it remains shrouded in secrecy.

No matter how one looks at it, education is of paramount importance to all citizens. Even the government would not risk turning its populace into ignorant individuals. The repercussions are substantial for a nation's progress, and the poverty rate would serve as a gauge of a country's success.

A critical thinker can be silenced by the government. The use of governmental authority offers a convenient means to control its citizens.

Carrying out actions that are contrary to the government is certainly an act that violates the law even if the government makes mistakes in leading its society. Every citizen must get a good education because without education, of course people will not know how to earn money and how to survive. If the people of an area do not get a good education, of course it will be very difficult for them to be able to produce something that they can produce and will making them experience economic difficulties.

If the government silences those who criticize the government and society cannot do anything about the government then society will live in misery because the government only thinks about itself and this will be a time bomb for them and when society's patience runs out of course they will fight it in ways that may not be possible. good for the government.

[Rockstarguy]

In my opinion, education doesn't really play a role in carrying out financial literacy, we only get a too general picture about finances, even though I graduated in 2020, I didn't get any lessons or introductions about cryptocurrencies, I don't know about education in other countries but what happened in my country was that education didn't happen. changes over a long period of time.

Financial literacy is not something that is acquired from school,  it is something people can acquire by themselves from the books they read .  School can never teach you how you can make money , school will only educate in a particular career which you yourself you have to think yourself how you can generate money from the knowledge attained. It is rare to get a school where they teach people how to make money,  financial education is mostly acquired by self development. It is very important in the every day life in how to generate money and how money is to be spent.

[angrybirdy]

In my opinion, education doesn't really play a role in carrying out financial literacy, we only get a too general picture about finances, even though I graduated in 2020, I didn't get any lessons or introductions about cryptocurrencies, I don't know about education in other countries but what happened in my country was that education didn't happen. changes over a long period of time.

Financial literacy is not something that is acquired from school,  it is something people can acquire by themselves from the books they read .  School can never teach you how you can make money , school will only educate in a particular career which you yourself you have to think yourself how you can generate money from the knowledge attained. It is rare to get a school where they teach people how to make money,  financial education is mostly acquired by self development. It is very important in the every day life in how to generate money and how money is to be spent.

As a Banking and finance graduate, One of our professor taught us just a little bit background about bitcoin and cryptocurrency because we were focused on the other financial topics. That's right, having an education will helps and educates us in many ways just like having an ability to make a better financial decisions and effective management of money. if you're lack of financial literacy skills, it can be lead to poor spending choices, generational wealth gap and increase debt,. Financial literacy improves financial wellbeing.

[Fara Chan]

Do you know that many people do not understand the word financial literacy and do not care about the reality of people's lives? But it can help a lot to anyone or any of us in this world. Well, in fact, there are people who do not know that they have financial knowledge about financial literacy.

Maybe this only exists among today's young people who have not yet fully learned and practiced financial literacy in their own lives. But for those who are adults and already have family responsibilities, they will always learn something to put into practice in their lives. In order to continue to support themselves and their families better without having financial difficulties, they will feel the need to learn everything including financial literacy.

Because there are people who were poor before but now their lives are prosperous, they just started with a small business, but eventually they grew their business. Maybe when they started, they were not aware of financial literacy, but they didn't know and noticed that they were already doing it when they were just starting to persevere with their business. There are others who have learned and studied it but can't apply it in their lives; some still have jobs; others have tried to build a business but it didn't grow. You get my point?

I quite understand what you mean because everyone has probably seen some of the realities of other people like what you said. Some people who have learned about financial literacy but have not been able to apply it in their lives, perhaps they still have other obstacles that cannot be resolved properly. For example, they don't have the capital to start a business or don't know what business to start with, so that kind of difficulty still needs to be resolved by some people who have studied financial literacy. Meanwhile, those who have started small businesses directly even though they have not yet learned about financial literacy, are people who prefer direct action even though they do not know about financial literacy.

[Fortify]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

Education is key and a particular focus on learning about finances can put you ahead of 99% of people out there. If you learn so many of the basics before you are 21 then you have a way greater chance of long term financial success and building up a solid foundation for your future. Some people can go their whole lives without understanding how they are getting screwed by obscene interest rates charged by things like credit cards, and how not paying off your full balance each month costs you a lot of money over time. Others might never understand the difference between fixed and tracker rate mortgages, which again can leave you paying tens of thousands more over the lifetime of a mortgage.

[summonerrk]

~~~

Education is a consequence of our intelligence and education. And I think that if an investor does not have an economic education, but understands the principles of economic relations at the level of native understanding, then this is good. And such a person does not need education, since it will only streamline his thoughts, but it will not help globally. And there are reverse examples when people have an economic education, but do not understand the principles of money at all. But in any case, I believe that everyone should understand the principles of finance that Kiyosaki described in his book Rich Dad Poor Dad.

[hafiztalha]

~~~

Education is a consequence of our intelligence and education. And I think that if an investor does not have an economic education, but understands the principles of economic relations at the level of native understanding, then this is good. And such a person does not need education, since it will only streamline his thoughts, but it will not help globally. And there are reverse examples when people have an economic education, but do not understand the principles of money at all. But in any case, I believe that everyone should understand the principles of finance that Kiyosaki described in his book Rich Dad Poor Dad.

Yes ,you are right. Financial knowledge is very important to grow in life. Knowledge kick any person for work and struggle for success. No one became successful without knowledge of finance. Because I saw many athletes who are bankrupted after retirement. They earn money and had no knowledge of investment and they wasted their money in useless things and they bankrupted at the end. They did know how to invest in investments ,they lack knowledge of finance. Financial knowledge is also very important in our daily life to manage our expenses. Financial knowledge gave a path to grow in future and it gives a lot of opportunities .

[pusaka]

Yes ,you are right. Financial knowledge is very important to grow in life. Knowledge kick any person for work and struggle for success. No one became successful without knowledge of finance. Because I saw many athletes who are bankrupted after retirement. They earn money and had no knowledge of investment and they wasted their money in useless things and they bankrupted at the end. They did know how to invest in investments ,they lack knowledge of finance. Financial knowledge is also very important in our daily life to manage our expenses. Financial knowledge gave a path to grow in future and it gives a lot of opportunities .

Knowledge is the basic thing that we must learn and from knowledge will open the gates to a successful life in the future, including knowledge in matters that are closely related to economics and finance.
If we already understand that then without us realizing that we have opened the gate to success. You are right when talking about athletes who go bankrupt after they retire, it's because they can't take advantage of their prime in terms of finance or in other words they don't think about the future. Actually there are many factors that cause that, it could be because they don't care about the future or they really don't understand or don't have knowledge about the principles in maintaining the financial situation in their lives.

[0t3p0t]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

I believe that hands-on experience is one of the best way to learn because once you had experienced the actual gaining profit and the losses.
But still education plays a crucial role in financial literacy. In education people can learn about important financial concepts such as budgeting, saving, investing and how to manage debts. With that individuals can do the right decisions about their finances and they can develop a good financial habits.
Everyone has different opinion on the role of education on Financial Literacy and I respect that. At the end of the day you will be responsible to your own financial literacy, so better yet study and research on your own.

I agree that personal experiences makes us better on something specially in cryptocurrency. The mistakes we made in such experiences will teach us lessons that we might use so that the next time we encounter such problem we are ready and able to solved it. Without proper education we might end up losing and commit mistakes again and again that is why we need to do a trial and error so we come up with good results.

[oktana]

People may say that higher education Economics may not necessarily equate to financial literacy but I’ll tell you that it gives the individual a better understanding of Economics and finance. Someone who properly learnt Economics in school will most likely know better and do better than the average person in that field. Do you know that some of the things we learn today around finance are things that are being taught in the higher education of Economics? But this doesn’t limit the normal person from learning well about Economics as a whole or improving their finance knowledge. Today we have vast resources to learn from.

[tread93]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

I would also add in that consulting with the professionals and seeking them out is a fantastic way to gain understanding on whatever you wish to know more about. Even cold calling them up and just being very direct with questions I guarantee that you will get your answers because the reality of it is that most people like to help others and bitcoin especially love talking and teaching people about Bitcoin! 

[jeha2015]

Knowledge is the basic thing that we must learn and from knowledge will open the gates to a successful life in the future, including knowledge in matters that are closely related to economics and finance.

Of course, financial literacy knowledge is very important, whatever your job. Starting from office workers, freelancers, to housewives, they must have the ability to manage finances, so that their finances remain stable and do not go bankrupt.

For this reason, it is very important for everyone to have financial literacy, so that they are not easily deceived in financial matters such as investing in coins whose future is unclear or various other financial-related frauds.

However, unfortunately in many countries, especially in remote areas, financial literacy is still very low. Many people are trapped by the promise of big profits in a moment, which turns out to be just an empty trap from irresponsible individuals. That's why it is very important for us to continue learning about financial literacy wherever and whenever, because this is the path to success.

[slapper]

Knowledge is the basic thing that we must learn and from knowledge will open the gates to a successful life in the future, including knowledge in matters that are closely related to economics and finance.

Of course, financial literacy knowledge is very important, whatever your job. Starting from office workers, freelancers, to housewives, they must have the ability to manage finances, so that their finances remain stable and do not go bankrupt.

For this reason, it is very important for everyone to have financial literacy, so that they are not easily deceived in financial matters such as investing in coins whose future is unclear or various other financial-related frauds.

However, unfortunately in many countries, especially in remote areas, financial literacy is still very low. Many people are trapped by the promise of big profits in a moment, which turns out to be just an empty trap from irresponsible individuals. That's why it is very important for us to continue learning about financial literacy wherever and whenever, because this is the path to success.

Absolutely! In today's environment, financial literacy is essential! Finance is changing rapidly. This is the new reality: cryptocurrencies, NFTs, and digital investments. But what are we doing? Still believing outmoded ideas? Take a leap into these new financial waters and learn to swim quickly! Every office worker, freelancer, and homemaker must learn these skills for themselves and their families. Saving, building wealth, recognising market trends, and making informed decisions are all important

Consider distant locations where financial literacy is rare as a blue moon. We can't let frauds fool them. Their integration is our responsibility. How? Strive for targeted education, online tools, and community-led financial seminars. To protect themselves and the global economy, they require information. Remove the gloves and battle financial stupidity with all our resources. It's a road to personal and societal prosperity

[$crypto$]

People may say that higher education Economics may not necessarily equate to financial literacy but I’ll tell you that it gives the individual a better understanding of Economics and finance. Someone who properly learnt Economics in school will most likely know better and do better than the average person in that field. Do you know that some of the things we learn today around finance are things that are being taught in the higher education of Economics? But this doesn’t limit the normal person from learning well about Economics as a whole or improving their finance knowledge. Today we have vast resources to learn from.

Someone who has a high education in economics will have something different from someone who does not have a high education, but the most important thing is the application. Because when you become a society what is more important is the application, not just theorizing. For me, experience will also be one of the factors that will determine later. So it is recommended that when studying, we should also go directly to the field, so we can see something real and feel it ourselves in the field.

Many people who have a high educational basis in economics in fact when they go directly to the field the results are not as imagined. So the conclusion is that there must be a balance in everything, because this involves real life which will be more difficult for us to live.

[oktana]

People may say that higher education Economics may not necessarily equate to financial literacy but I’ll tell you that it gives the individual a better understanding of Economics and finance. Someone who properly learnt Economics in school will most likely know better and do better than the average person in that field. Do you know that some of the things we learn today around finance are things that are being taught in the higher education of Economics? But this doesn’t limit the normal person from learning well about Economics as a whole or improving their finance knowledge. Today we have vast resources to learn from.

Someone who has a high education in economics will have something different from someone who does not have a high education, but the most important thing is the application. Because when you become a society what is more important is the application, not just theorizing. For me, experience will also be one of the factors that will determine later. So it is recommended that when studying, we should also go directly to the field, so we can see something real and feel it ourselves in the field.

Many people who have a high educational basis in economics in fact when they go directly to the field the results are not as imagined. So the conclusion is that there must be a balance in everything, because this involves real life which will be more difficult for us to live.

Yes, application of what you learnt matters. But if you are great at the theory of anything then the application wouldn’t be an issue as it would be for someone who doesn’t even have the theoretical knowledge. Someone who didn’t learn economics in school can’t go into the field and find it all easy. But someone who learnt economics and knows the theory part can and will relate as they practicalize their knowledge. That’s another thing to note too, you can’t practicalize what you don’t know. If you do, you’ll most likely fail because you have no knowledge. Studying economics is not the grand thing, it doesn’t make you a God in the field, but of course it makes it easier for you since you have some knowledge.

[Obim34]

People may say that higher education Economics may not necessarily equate to financial literacy but I’ll tell you that it gives the individual a better understanding of Economics and finance. Someone who properly learnt Economics in school will most likely know better and do better than the average person in that field. Do you know that some of the things we learn today around finance are things that are being taught in the higher education of Economics? But this doesn’t limit the normal person from learning well about Economics as a whole or improving their finance knowledge. Today we have vast resources to learn from.

Education in terms of economics does not just spit money out from nowhere but it gives a step to step approach into making profit from one or fewer businesses being involved in.

It's kind of unfair, how the richest set of people in the world did end on the run to being well educated, this same set of people now employs those who are well educated to manage the business. These shows at times it may not be as you being educated alone but how creative are you to put what you have upstairs into something physical as to yield profits.
It will be of utmost benefit to be educated, more advantageous than a person not educated.

[oktana]

People may say that higher education Economics may not necessarily equate to financial literacy but I’ll tell you that it gives the individual a better understanding of Economics and finance. Someone who properly learnt Economics in school will most likely know better and do better than the average person in that field. Do you know that some of the things we learn today around finance are things that are being taught in the higher education of Economics? But this doesn’t limit the normal person from learning well about Economics as a whole or improving their finance knowledge. Today we have vast resources to learn from.

Education in terms of economics does not just spit money out from nowhere but it gives a step to step approach into making profit from one or fewer businesses being involved in.

It's kind of unfair, how the richest set of people in the world did end on the run to being well educated, this same set of people now employs those who are well educated to manage the business. These shows at times it may not be as you being educated alone but how creative are you to put what you have upstairs into something physical as to yield profits.
It will be of utmost benefit to be educated, more advantageous than a person not educated.

But I feel you are missing the point of this topic because you having creative ideas and even establishing them still doesn’t make you a financial literate. Remember we are talking about financial literacy. At the end of the day, even if you have the idea, you still need to employ it at least consult financial literate people who know economics to look into your business. And honestly, the major way I see for someone to have financial literacy or know economics so well is through higher education.

[Hewlet]

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

this sums it all up.

Knowledge comes first before venturing into wealth creation. It becomes more easier acquiring wealth when you already have the knowledge regarding how to go about it. In the world of cryptocurrency and tech in general, knowledge is the number one factor that will guarantee you success or failure in the chosen field. If you just want to invest in cryptocurrency without doing the necessary research and learning from people that are already in the field, you will end up insisting in shitcoins and after experiencing your loss, you will join the clueless folks out their that feel that all cryptocurrency are Ponzi schemes .

[Mame89]

Knowledge is the basic thing that we must learn and from knowledge will open the gates to a successful life in the future, including knowledge in matters that are closely related to economics and finance.
If we already understand that then without us realizing that we have opened the gate to success. You are right when talking about athletes who go bankrupt after they retire, it's because they can't take advantage of their prime in terms of finance or in other words they don't think about the future. Actually there are many factors that cause that, it could be because they don't care about the future or they really don't understand or don't have knowledge about the principles in maintaining the financial situation in their lives.

When they don't master good financial knowledge. Never mind an athlete going bankrupt after retirement, even the children of rich people will go bankrupt if their family dies. What is certain is that a person's poverty can occur due to financial mistakes they have made in the past. And it turns out that mistakes in financial management occur, not only limited to the younger generation but all age groups. So it is important for us to be able to learn about financial mistakes so that financial mistakes in various age groups can occur in the future.

My failure was that when I went to college, I didn't prepare myself to live independently, and thought that if I went to college then I could get a high salary. However, theory and practice in the field are very different. Then I realized that education was necessary and what was more important was to practice it from now on.

[bayu7adi]

My failure was that when I went to college, I didn't prepare myself to live independently, and thought that if I went to college then I could get a high salary. However, theory and practice in the field are very different. Then I realized that education was necessary and what was more important was to practice it from now on.

I believe the reality is that college doesn't guarantee you a job, but skills and knowledge are what land you a better job. Nowadays, companies often hire experienced individuals. Additionally, nepotism is prevalent in the recruitment of new employees, so those with poor skills and knowledge may find it challenging to secure a job.

During my college days, I observed various types of students, from smart ones to lazy ones. From that experience, I can't say that being smart ensures a job. The working world and education are not the same. The lazy ones might simply not enjoy academic subjects but excel in public speaking, which significantly influences their position in a company.

[so98nn]

Self taught is good teacher but we still need skills while managing accounting. It could be easier for someone with smarter mind to manage their accounts or daily expenses and still be saviour of their wealth however it might be different for those who are not strong from the maths background. For such peeps it could get harder with the time to save money.

I think this could be one of the strong reason for us to get financial literacy anyways. Imagine living in a country where accountants/CA is expensive, that could make an individual depend on themselves no matter what. In such situation peeps starts to become shaky and end up spending more money on the things they may not require. Or they may invest money on a portfolio that was not supposed to be invested. So maturity is when you realise its better to have basic financial knowledge.

[CageMabok]

But I feel you are missing the point of this topic because you having creative ideas and even establishing them still doesn’t make you a financial literate. Remember we are talking about financial literacy. At the end of the day, even if you have the idea, you still need to employ it at least consult financial literate people who know economics to look into your business. And honestly, the major way I see for someone to have financial literacy or know economics so well is through higher education.

It is not wrong if you see someone who is knowledgeable about finance and financial literacy through a degree in economics that is quite mature. But we also forget that someone also needs practice in life because experience will usually be more formed when someone starts to practice what they know or have learned through education in their own life.

Because I still quite often see some people with a fairly high level of education in a science such as economics who are still unemployed and don't know what work to do and don't know where to start a business. So knowledge alone will not be enough if there is no practice and knowledge will not always be sharp and can even be more likely to become dull if it is not used immediately when it is obtained. Therefore, both of them have become quite important and are owned by everyone so that the knowledge they already know can be truly useful for themselves and those around them.

[DrBeer]

Lack of financial literacy is one of the reasons for quite massive poverty of the population. The reason is banal - many people do not really understand what money is, do not effectively earn, foolishly spend,... Financial literacy should be given from the 1st grade of school, and the game "Right earning and right spending" - in kindergarten!
In some countries, financial literacy is a government program. Study, for example, how this process is organized in Finland - from the curriculum for the youngest children to courses for adults.

[Youngkhngdiddy]

Lack of financial literacy is one of the reasons for quite massive poverty of the population. The reason is banal - many people do not really understand what money is, do not effectively earn, foolishly spend,... Financial literacy should be given from the 1st grade of school, and the game "Right earning and right spending" - in kindergarten!
In some countries, financial literacy is a government program. Study, for example, how this process is organized in Finland - from the curriculum for the youngest children to courses for adults.

     Education is key in every aspect of life. Let no one be deceived that education doesn't pay. Even if it doesn't pay financially, then it pays in several other areas of living. Ignorance is a disease and illiteracy resonates ignorance too, so both have an adverse effect. If something is unknown, then it's only right that knowledge on that subject is acquired as it'd aid further dissections and acquaintances to it too.
     Without the right mindedness to how finance is generated, managed, should be expenses and should be saved, then financial stability isn't certain. One has to know what he's doing before he can even try to be perfect at it. Without the right financial knowledge being grasped, then I'm so certain that it'll be difficult to bask fully in a financial environment. Finance is one key factor in the world today and once an error is made on it, then it sure would affect other factors of living in their own separate ways.

[stomachgrowls]

Lack of financial literacy is one of the reasons for quite massive poverty of the population. The reason is banal - many people do not really understand what money is, do not effectively earn, foolishly spend,... Financial literacy should be given from the 1st grade of school, and the game "Right earning and right spending" - in kindergarten!
In some countries, financial literacy is a government program. Study, for example, how this process is organized in Finland - from the curriculum for the youngest children to courses for adults.

     Education is key in every aspect of life. Let no one be deceived that education doesn't pay. Even if it doesn't pay financially, then it pays in several other areas of living. Ignorance is a disease and illiteracy resonates ignorance too, so both have an adverse effect. If something is unknown, then it's only right that knowledge on that subject is acquired as it'd aid further dissections and acquaintances to it too.
     Without the right mindedness to how finance is generated, managed, should be expenses and should be saved, then financial stability isn't certain. One has to know what he's doing before he can even try to be perfect at it. Without the right financial knowledge being grasped, then I'm so certain that it'll be difficult to bask fully in a financial environment. Finance is one key factor in the world today and once an error is made on it, then it sure would affect other factors of living in their own separate ways.

Yes, this is something that we could have and no one could be able to take it from us in speaking about the knowledge and the skills that you would really be able to know when going up to school or finishing up a degree.
Yes, it doesnt assure out that you could really land a good job after graduating but in speaking about the knowledge that you have gained through all the years that you can make use into your future endeavors or even
just into that casual operations in life or those activities on which having awareness on things does really that having that kind of advantage for those who are aware on the things that happening around compared into those people who dont able to touch up college or finishing one. Im not saying that we are smarter to those who had finished considering that success could really be still obtained into those people who hadnt been able to finish up their studies but its not something recommendable.

Financial literacy is something that could be learned though of which with the easy access or simply the accessibility that we do have into this era is really that make things that much more faster
and simpler on which means that it isnt really that something that you could really be able to skip out if ever you are really that tending to learn it.

[flyingcarpet]

Lack of financial literacy is one of the reasons for quite massive poverty of the population. The reason is banal - many people do not really understand what money is, do not effectively earn, foolishly spend,... Financial literacy should be given from the 1st grade of school, and the game "Right earning and right spending" - in kindergarten!
In some countries, financial literacy is a government program. Study, for example, how this process is organized in Finland - from the curriculum for the youngest children to courses for adults.

     Education is key in every aspect of life. Let no one be deceived that education doesn't pay. Even if it doesn't pay financially, then it pays in several other areas of living. Ignorance is a disease and illiteracy resonates ignorance too, so both have an adverse effect. If something is unknown, then it's only right that knowledge on that subject is acquired as it'd aid further dissections and acquaintances to it too.
     Without the right mindedness to how finance is generated, managed, should be expenses and should be saved, then financial stability isn't certain. One has to know what he's doing before he can even try to be perfect at it. Without the right financial knowledge being grasped, then I'm so certain that it'll be difficult to bask fully in a financial environment. Finance is one key factor in the world today and once an error is made on it, then it sure would affect other factors of living in their own separate ways.

Education has a greater impact on the future, especially when it is provided at a young age. Incorporating financial literacy into education programs is an important topic that should be included in every education system. Growing up knowing certain things can put children in an advantageous position.

You are right, mistakes made in finance affect many things. The right financial knowledge acquired as a result of the right education enables a person to use this advantage.

We need to overcome our deficiencies not only as children but at any age. Just because we didn't learn something at the time doesn't mean we can't learn it later.

[oktana]

Lack of financial literacy is one of the reasons for quite massive poverty of the population. The reason is banal - many people do not really understand what money is, do not effectively earn, foolishly spend,... Financial literacy should be given from the 1st grade of school, and the game "Right earning and right spending" - in kindergarten!
In some countries, financial literacy is a government program. Study, for example, how this process is organized in Finland - from the curriculum for the youngest children to courses for adults.

You nailed it here where you mentioned something like foolish spending. I totally agree with what you have stated here. I believe that this is something that should be taught in schools as early as possible. I wasn’t taught anything about economizing at such an early age, but children quickly know what money so fast and we forget that we need to also teach them about it (in School). I hope that this can be added to curriculum and even if it isn’t, something around such field needs to be taught to everyone on earth, no one is an exemption.

[AmoreJaz]

Lack of financial literacy is one of the reasons for quite massive poverty of the population. The reason is banal - many people do not really understand what money is, do not effectively earn, foolishly spend,... Financial literacy should be given from the 1st grade of school, and the game "Right earning and right spending" - in kindergarten!
In some countries, financial literacy is a government program. Study, for example, how this process is organized in Finland - from the curriculum for the youngest children to courses for adults.

You nailed it here where you mentioned something like foolish spending. I totally agree with what you have stated here. I believe that this is something that should be taught in schools as early as possible. I wasn’t taught anything about economizing at such an early age, but children quickly know what money so fast and we forget that we need to also teach them about it (in School). I hope that this can be added to curriculum and even if it isn’t, something around such field needs to be taught to everyone on earth, no one is an exemption.

learning financial literacy at early age is indeed useful in molding the outlook of the person to his financial status or condition. i guess, that's where a lot of educational establishment is lacking. they are focus on other things that they think are more important. i also believe that if this aspect of life is learned early, people will be more mindful of their expenditures and maybe a lot know how to manage their financials.

in the usual scenario, we only learn such facet of life when we are already working as we are already spending our own money.

[harapan]

Financial literacy is an important skill to have in this 21st century...One of the primary reasons why financial literacy is crucial in education is that it provides students with a solid understanding of personal finance.Financial education teaches people the value of saving, budgeting, and investing to achieve financial stability and security. It assists people in understanding how to handle their money properly.

The highest form of education that an average adult is expected to have should fall in financial education.Age is not a barrier presently to acquire knowledge,as people need to be taught how to take Care of their own financial future.Today so many adults struggle to handle their finances properly as a result of a poor financial awareness or knowledge.
They can learn financial matters like thier needs,wants,budgeting,investing and debt management.
 Financial literacy can be obtained through reading books, listening to podcasts, subscribing to financial content, or talking to a financial professional.

  Financial literacy can help protect individuals from becoming victims of financial fraud, a type of crime that is becoming more trending in the society.

[EluguHcman]

Most crytop investors and Investors in general are just contented with the fact that they are knowledgeable about their investments and how to valuably handle their funds.
So literarily, they are likely not interested in further education about their finances ignorantly believing that either their businesses and finances are not professions of acquiring advance knowledges about it.
Meanwhile... They could explore better if they could be educationally acquire basics of roles of their financial and business literacies.

[Pikachi42]

There is no substitute for knowledge in managing life. However, knowledge is given by Allah. People cannot acquire knowledge by will. There is a big difference between education and knowledge. Knowledge is given by Allah, which we get directly from Allah, and education is what we learn directly or indirectly from any medium in our daily life. I think education should be done to increase knowledge and not to earn.Another word related to knowledge and education is experience. Just as education is important in the workplace, experience is more important. Because, experience helps people to act confidently and smartly. Everyone values ​​experience.

[idarasun]

Cut.....
Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

Very true, especially education in financial literacy in my opinion is also very important, especially in the context of cryptocurrency. I think by digging up information from various sources and getting practical experience and even directly involved in it, of course, this can also help make more informed and smarter decisions regarding crypto investment and trading in the current era.

[AnonBitCoiner]

this sums it all up.

Knowledge comes first before venturing into wealth creation. It becomes more easier acquiring wealth when you already have the knowledge regarding how to go about it. In the world of cryptocurrency and tech in general, knowledge is the number one factor that will guarantee you success or failure in the chosen field. If you just want to invest in cryptocurrency without doing the necessary research and learning from people that are already in the field, you will end up insisting in shitcoins and after experiencing your loss, you will join the clueless folks out their that feel that all cryptocurrency are Ponzi schemes .

Knowledge is must in getting success but without knowledge you also have to aquire experience and experience will increase by utilising your knowledge. There are large number of individuals who are well educated in their desired field but they don't have any experience and even they don't known how to utilise their skills so they often find difficulties in achieving their goals.

In cryptocurrency investment knowledge is necessary but you should not think that with knowledge you will not find difficulties but definitely there will be something different in real life because you will have never experience such things before but just learned about it without getting step into reality. Knowledge, learning, utilisation of skills and experience are all very important to be successful in crypto investment as well as in other sectors of life.

[slapper]

this sums it all up.

Knowledge comes first before venturing into wealth creation. It becomes more easier acquiring wealth when you already have the knowledge regarding how to go about it. In the world of cryptocurrency and tech in general, knowledge is the number one factor that will guarantee you success or failure in the chosen field. If you just want to invest in cryptocurrency without doing the necessary research and learning from people that are already in the field, you will end up insisting in shitcoins and after experiencing your loss, you will join the clueless folks out their that feel that all cryptocurrency are Ponzi schemes .

Knowledge is must in getting success but without knowledge you also have to aquire experience and experience will increase by utilising your knowledge. There are large number of individuals who are well educated in their desired field but they don't have any experience and even they don't known how to utilise their skills so they often find difficulties in achieving their goals.

In cryptocurrency investment knowledge is necessary but you should not think that with knowledge you will not find difficulties but definitely there will be something different in real life because you will have never experience such things before but just learned about it without getting step into reality. Knowledge, learning, utilisation of skills and experience are all very important to be successful in crypto investment as well as in other sectors of life.

What a fine balance! I've seen that knowledge is the baseline. Like complex recipe ingredients. How can one make a culinary masterpiece without the experience of blending these ingredients? I deeply agree with your statement about theoretical learning versus practical implementation. How often have I, and you, encountered people with theoretical understanding but lack of practical application?

In cryptocurrencies, as in other fields, knowledge and expertise are crucial. Knowledge provides tools, but experience teaches us when and how to use them. This is especially true in crypto, where market dynamics can alter instantly. Understanding blockchain technology or market trends theoretically is different from navigating them in real life. What's amazing about how information only becomes potent when applied through experience?

[Baki202]

I believe that the role of education in financial literacy is almost invisible because anything money related starts and ends with budgeting, profit and lost.

When starting up a business, you have an estimated amount of money you put into it (budget), while taking proper and accurate records of all the sales made, you should be able to tell if the business is running on a profit or lost.

The only area where education plays a major role in financial literacy is when big organizations are involved as financial literates are part of the backbones of a successful organization.

For starters, no big business owner would employ an accountant who learnt how to regulate and budget finance from his/her daily sales at a store.

One of the major factor for the growth of a company is an honest financial literate. An honest one because with his knowledge on finance, he can launder the company's fund without the knowledge of the board of directors and cause the company to become an empty shell running on debts.

Does education play a role in financial literacy?, Yes. Is the recognized and appreciated?, Not all the time. But if we choose not to keep proper records of all our financial transactions only then would we appreciate the roles that financial literates play.

[Albarq]

this sums it all up.

Knowledge comes first before venturing into wealth creation. It becomes more easier acquiring wealth when you already have the knowledge regarding how to go about it. In the world of cryptocurrency and tech in general, knowledge is the number one factor that will guarantee you success or failure in the chosen field. If you just want to invest in cryptocurrency without doing the necessary research and learning from people that are already in the field, you will end up insisting in shitcoins and after experiencing your loss, you will join the clueless folks out their that feel that all cryptocurrency are Ponzi schemes .

In terms of education, that is the priority, but the most important thing is that direct experience is one of the best ways to learn when it comes to financial literacy. I have to understand the basics of the importance of financial management from the start. It is more important to have financial discipline to manage income and expenses well as digitalization advances. The world doesn't care how hard you study, the most important thing is that you understand it, however, we are required to look for good and accurate information.

[moneystery]

....

learning financial literacy at early age is indeed useful in molding the outlook of the person to his financial status or condition. i guess, that's where a lot of educational establishment is lacking. they are focus on other things that they think are more important. i also believe that if this aspect of life is learned early, people will be more mindful of their expenditures and maybe a lot know how to manage their financials.

in the usual scenario, we only learn such facet of life when we are already working as we are already spending our own money.

educational institutions only provide financial lessons that students actually need to face the world of work in the future. it has been designed in such a way by the government and i think that it is not completely wrong, it's just that in several aspects educational institutions should provide financial literacy that is useful for students in their daily lives, such as how to manage financial risks, what investment is, etc. with such financial literacy, it is possible that young people will be less likely to get into debt at a young age or be exposed to scams when they invest in an instrument, and there are various other benefits that young people can get.

[btc78]

In terms of education, that is the priority, but the most important thing is that direct experience is one of the best ways to learn when it comes to financial literacy.

That is true that life is the best teacher. Whatever you learn in school can not compare to anything you will go through in the real life. Education is just something you have to equip yourself with to try and prepare to be ready but in reality it barely prepares you for the real thing.

[TEBTC]

Yes it true education is not a key to success in any area of life but it play a crucial role in the development of any individuals, education gives an individual the theoretical framework for success as it better equip individuals with the right knowledge which is empirical and and knowledge that has undergone all scientist processes and is considered a law so when an individual acquires such knowledge their will definitely be a difference on the part of such a person

[Zanab247]

Lack of financial literacy is one of the reasons for quite massive poverty of the population. The reason is banal - many people do not really understand what money is, do not effectively earn, foolishly spend,... Financial literacy should be given from the 1st grade of school, and the game "Right earning and right spending" - in kindergarten!
In some countries, financial literacy is a government program. Study, for example, how this process is organized in Finland - from the curriculum for the youngest children to courses for adults.

That is why it will be difficult for poverty to leave the world, because there are some people still believe that making money from crypto investment is by luck, which is very wrong because if you don't have the knowledge of crypto, it will be difficult for you to earn what will accumulate your profits.

Learning from some mentors about financial literacy, it will open your eyes to see some things you have never seen before in your life because the person that is impacting to you have red so many books that related to crypto and other financial books.

And it will make such group of people to have the understanding of crypto investment, and it will make them to take a good step to test the investment with little money to enjoy the impact he or she received from their mentors.

[Hamphser]

Lack of financial literacy is one of the reasons for quite massive poverty of the population. The reason is banal - many people do not really understand what money is, do not effectively earn, foolishly spend,... Financial literacy should be given from the 1st grade of school, and the game "Right earning and right spending" - in kindergarten!
In some countries, financial literacy is a government program. Study, for example, how this process is organized in Finland - from the curriculum for the youngest children to courses for adults.

That is why it will be difficult for poverty to leave the world, because there are some people still believe that making money from crypto investment is by luck, which is very wrong because if you don't have the knowledge of crypto, it will be difficult for you to earn what will accumulate your profits.

Learning from some mentors about financial literacy, it will open your eyes to see some things you have never seen before in your life because the person that is impacting to you have red so many books that related to crypto and other financial books.

And it will make such group of people to have the understanding of crypto investment, and it will make them to take a good step to test the investment with little money to enjoy the impact he or she received from their mentors.

There are people who are really that close minded on which on the time that they will really be hearing out something which is too good to be true then they would really be making out that conclusion that it is really a scam on which its not really just that right on having that kind of approach because we do know that there are really tons of opportunities on which you could really be able to make money online.
Although you would really be still needing up money for you to be able to start up but there are other things or aspects on which you could still earn without investment but of course it would really be needing up that certain skill for you to be able to do so.It not might not be big as you could be able to compare in other things such as trading or investment but at least you could be having the chance.
The only thing that you do need is to have that open mindedness whenever you do hear or see such potential opportunities that could really be able to deal with.

[Fausto Arta]

Self taught is good teacher but we still need skills while managing accounting. It could be easier for someone with smarter mind to manage their accounts or daily expenses and still be saviour of their wealth however it might be different for those who are not strong from the maths background. For such peeps it could get harder with the time to save money.

I think this could be one of the strong reason for us to get financial literacy anyways. Imagine living in a country where accountants/CA is expensive, that could make an individual depend on themselves no matter what. In such situation peeps starts to become shaky and end up spending more money on the things they may not require. Or they may invest money on a portfolio that was not supposed to be invested. So maturity is when you realise its better to have basic financial knowledge.

 The role of education is very important for financial literacy, this influences the success of economic management. For example, As students approach adulthood, they will begin to make financial decisions, they must have the necessary knowledge to manage their finances. Apart from improving their knowledge about money, their personality will also form, which is not easy extravagant, responsible, like help others, and be brave take risks.

[Yukyzu]

The role of education is very important for financial literacy, this influences the success of economic management. For example, As students approach adulthood, they will begin to make financial decisions, they must have the necessary knowledge to manage their finances. Apart from improving their knowledge about money, their personality will also form, which is not easy extravagant, responsible, like help others, and be brave take risks.

Of course this is very important for someone so that someone can manage their finances well, because without knowledge about financial management of course we will not be able to manage the income we have well so we tend to use the income we have well.
For some people who already have knowledge of financial management, of course they will be able to use the income they have for what is needed so that they will be able to prepare their future well and this will of course be very beneficial for those who have knowledge of financial management.

[shinratensei_]

Most crytop investors and Investors in general are just contented with the fact that they are knowledgeable about their investments and how to valuably handle their funds.
So literarily, they are likely not interested in further education about their finances ignorantly believing that either their businesses and finances are not professions of acquiring advance knowledges about it.
Meanwhile... They could explore better if they could be educationally acquire basics of roles of their financial and business literacies.

well to be fair education pursue of higher degree only rewards people that are building career, investors that are investing using their own money not gonna get meaningful benefit from pursue of higher degree meanwhile they need to pay a ton to get that degree meanwhile the people that work in the field of economy and financial are incentivized to pursue higher degree since they got benefit like salary increase or higher position if they have a career so its understandable really.

but yes I agree if anyone willing to spend some time and money to pursue higher degree they might benefit, they'd have stronger foundation in their financial literacy with all the theories taught, since getting higher degree also means getting better in understanding things, but still need to see whether the benefit we might get well worth the money and time spent.
if its not, then I doubt people with no pursue of career gonna get the degree or even eager to, its not the only thing that could make your life better after all.

[Fortify]

How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.

Cryptocurrency is pretty much a small niche in the world of finance, besides what some people here would want you to believe. It is merely a small, but growing part of the business world and it's practical uses in day to day transactions are still relatively small compared to credit card networks or payment services providers like Paypal. Learning all about things like loans, credit & debit cards, mortgages, interest rates, bonds, the stock market and all these other elements more broadly will help you understand the world a lot better. I think schools missed these things for a long time, with their focus independently on things like math or business studies, however the more practical side of personal finance is super important too.

[ndutndut]

In terms of education, that is the priority, but the most important thing is that direct experience is one of the best ways to learn when it comes to financial literacy.

That is true that life is the best teacher. Whatever you learn in school can not compare to anything you will go through in the real life. Education is just something you have to equip yourself with to try and prepare to be ready but in reality it barely prepares you for the real thing.

The best teachers in learning financial literacy are parents, then teachers at school and finally the journey of life. We must have these three things in order to manage our finances well. In the world of education (schools) teachers do not fully teach financial literacy, there is only general financial literacy for the world of work, but very little is taught about investment and asset development in schools, perhaps this is because schools do not fully teach financial literacy because schools a place where all knowledge must be learned.

In this generation's era, the ability to manage finances is very important, whatever the job, we must have skills in managing finances, so that finances remain stable and don't fall apart. So Financial Literacy is very important that everyone must have, this aims to ensure that we are not fooled by fraud related to financial matters. Especially in the current technological era, many individuals take advantage of people whose financial literacy is low to trap them with promises of big profits in an instant.

[kawetsriyanto]

educational institutions only provide financial lessons that students actually need to face the world of work in the future. it has been designed in such a way by the government and i think that it is not completely wrong, it's just that in several aspects educational institutions should provide financial literacy that is useful for students in their daily lives, such as how to manage financial risks, what investment is, etc. with such financial literacy, it is possible that young people will be less likely to get into debt at a young age or be exposed to scams when they invest in an instrument, and there are various other benefits that young people can get.

For what level of education you mean here?
For the early level of education such as elementary school, financial lesson isn't necessary. The students won't understand the subject, it is a too difficult matter. But for Junior and Senior high school students, the general materials of financial lesson is enough for them. In that level, they don't experience a complicated financial cases yet, so it is enough to let them know in general. But if it is in university level, it is okay to give them the lessons about financial risk management, investment, financial literacy, or other specific financial matters.

That is true that life is the best teacher. Whatever you learn in school can not compare to anything you will go through in the real life. Education is just something you have to equip yourself with to try and prepare to be ready but in reality it barely prepares you for the real thing.

I think you mean, "experience is the best teacher". 
Sometimes the lesson in the school lets students know about the facts in real life. It is untrue if all the lessons are about the theoretical matters and it is not applicable. Education makes everyone to be more well prepared to face the reality in life. If education doesn't prepare everyone to face real life, it means education just wastes people's time. You need to learn deeply about education, it is not as worse as you think, dude!!