Financial education or 1million dollars

[S A KHAIR]

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

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

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

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

[tjtonmoy]

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

[Desmong]

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

[Quidat]

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

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

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

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

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

[serjent05]

Financial education has always been a game changer in the financial state of a man, it is the best education a father can give to his children because once you are financially educated, it's near impossible not to be financially stable.

Have you wonder why most lottery winners have gone back to square one after winning or most rich kids losing their inheritance due to poor/bad management of funds, it's because they lack financial education.

On the other hand 1million dollars is truly a life changing amount of money but if you are not financially educated, you will lose it all on  the long run,
I don't know if anyone sees it the same way I do?

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

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

[Texac]

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

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

[nesty]

Financial education has always been a game changer in the financial state of a man, it is the best education a father can give to his children because once you are financially educated, it's near impossible not to be financially stable.

Have you wonder why most lottery winners have gone back to square one after winning or most rich kids losing their inheritance due to poor/bad management of funds, it's because they lack financial education.

On the other hand 1million dollars is truly a life changing amount of money but if you are not financially educated, you will lose it all on  the long run,
I don't know if anyone sees it the same way I do?

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

[livingfree]

everyone knows this, but in this case, if you had to choose, which would you choose?  I bet you will choose money too, no one will choose knowledge.  our parents let us go to specialized schools and study abroad… all just wanted us to be good, and the purpose of studying well was just to make a lot of money.

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

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

Being able to see money is still the ultimate goal that we all aim for, so knowledge is nothing if it doesn't help you make money.

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

[Poker Player]

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

[Paul Pogba]

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

[Newbie.]

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

[Mario Yamasaki]

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

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

[bussybuddy]

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

[Texac]

Being able to see money is still the ultimate goal that we all aim for, so knowledge is nothing if it doesn't help you make money.

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

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

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

[Z390]

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

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

[livingfree]

Being able to see money is still the ultimate goal that we all aim for, so knowledge is nothing if it doesn't help you make money.

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

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

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

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

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

[umbara ardian]

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

[uneng]

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

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

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

[tjtonmoy]

knowledge is nothing if it doesn't help you make money.

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

[hannahB4]

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