The Role of Education in Financial Literacy

[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.

[1715241654]

1715241654

[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.