Financial education or 1million dollars

[Hamphser]

Although financial education is important but financial education without money will earn you nothing other than poverty.

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

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

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

[Ryu_Ar1]

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.

Although financial education is important but financial education without money will earn you nothing other than poverty. It's highly better one get the money and use part of it to acquire financial knowledge and use the remaining one for business after one have acquired the financial knowledge.

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

[bayu7adi]

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

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

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

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

[Oilacris]

Although financial education is important but financial education without money will earn you nothing other than poverty.

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

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

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

Agree on this 100%.

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

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

[mvdheuvel1983]

Financial education or 1million dollars

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

[lousie9]

Although financial education is important but financial education without money will earn you nothing other than poverty. It's highly better one get the money and use part of it to acquire financial knowledge and use the remaining one for business after one have acquired the financial knowledge.

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

[Rockstarguy]

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

[shinratensei_]

Financial education or 1million dollars

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

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

[rikybrosh]

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

[dothebeats]

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

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

[stadus]

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

[reagansimms]

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

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

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

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

[xSkylarx]

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

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

[Patrol69]

Financial education or 1million dollars

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

[stadus]

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

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

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

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

[Dr.Bitcoin_Strange]

really highly believe that almost 100% would definitely be choosing that $1M dollars rather than with that Financial education on which it is something that you could really be able to study later

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