Financial education or 1million dollars

[avp2306]

Lol I wish someone can give me this offer in real life, it will be very stupid not to go for the 1 million dollars, that's enough to send 4 people including myself back to school and get the good degrees and still have a lot of money for long term investment,

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

[uswa56]

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.

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

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

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

[Maslate]

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?

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

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

[demonica]

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

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

[KiaKia]

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

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

[posi]

Financial education or 1million dollars

I will take the $1 million, then use some to aquire financial education and how to expand the money through business, Bitcoin investment and other investment. It's as simple as that.

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

[ethereumhunter]

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

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

[kryptqnick]

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

[cryptoknightt]

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

[Wend]

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

[Dr.Bitcoin_Strange]

Having solid financial knowledge but no capital starts with empty hands, and what will guarantee that we won't give up halfway?

Moreover, for those who have solid financial knowledge or are already experts, how many people have already made millions of dollars?

For this type of question, I don't believe someone would choose financial education and ignore $1 million .

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

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

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

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

[jrrsparkles]

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?

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

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

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

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

[slapper]

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?

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

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

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

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

[Lorence.xD]

Lol I wish someone can give me this offer in real life, it will be very stupid not to go for the 1 million dollars, that's enough to send 4 people including myself back to school and get the good degrees and still have a lot of money for long term investment,

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

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

[Smartprofit]

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?

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

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

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

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

[ImThour]

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

[ChiBitCTy]

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?

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

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

[Cling18]

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?

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

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

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

[coinerer]

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?

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

[Ojima-ojo]

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

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


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