Concentrate on Financial education rather than Wealth.

[Livingleged]

Yes, I agree with you topic that that one should focus more on the financial education rather than chasing wealth directly, because financial knowledge equips you to create, manage and multiply money in a sustainable way. While chasing wealth directly often lead to short live gain or might even lead to some loses due to poor decisions.

Financial education build lasting skill that keeps the system alive for a longer time be it teaches core principles like budgeting, debt management, investing compound interest and identifying or distinguishing assets from liabilities and this often lead to supper and faster way or accumulating wealth within you even knowing.


Wealth without knowledge cannot even last you can take example from so many people who acquired money quickly from either lotteries or inheritance most time lose those funds due to lack of knowledge to manage it.

Studies show that financially literate individuals are more likely to build and retain wealth, avoid unsustainable debt, and achieve goals like retirement or homeownership. Without education, wealth can evaporate through bad investments, overspending, or fraud.

Lastly there is thing day say knowledge attracts wealth naturally reason is because with the financial knowledge you tend to position yourself to earn more through  career or investment.

[Way of a writer]

Everyone can't have that financial education, the world is a big place and everyone has different problems and exposures but I am sure that mistakes can be made and we can learn from it, many people have no one to show them the rightful things to do and yet they made all those mistakes and they still stand tall in the end, mistakes ended up becoming their master.

[alastantiger]

Money alone does not change anyone’s situation if the knowledge to manage it is missing, basically without financial literacy, income will always tend to disappear as fast as it comes and that is why many people remain stuck despite working hard or earning more over time. Wealth creation in itself rests on the understanding of how money works, how to manage risk, how to plan, and how to make informed decisions. People who build lasting success usually invest first in their knowledge before investing their money and learning through books, workshops, research, and mentorship sharpens judgment and reduces costly mistakes. Assets and investments can be tools for progress, but education is indeed the foundation that determines whether those tools help or harm.

[Oluwa-btc]

Both making money and financial literacy is important. You easily lose your money without financial literacy but you ain't investing anything without making money.
From my experience though, starts making big money from e.g your salary and you'll start to find a way to take advantage of your money better.

They compliment each other in different situations.Financial education and wealth are not opposites,they are partners.The initial focus should be on financial education which is the foundation while the knowledge helps you build wealth and as wealth grows,continue improving your financial intelligence.Wealth without financial education can depreciate fast and quietly because the knowledge application to manage wealth is missing.

[barisbilgili]

Both making money and financial literacy is important. You easily lose your money without financial literacy but you ain't investing anything without making money.
From my experience though, starts making big money from e.g your salary and you'll start to find a way to take advantage of your money better.

They compliment each other in different situations.Financial education and wealth are not opposites,they are partners.The initial focus should be on financial education which is the foundation while the knowledge helps you build wealth and as wealth grows,continue improving your financial intelligence.Wealth without financial education can depreciate fast and quietly because the knowledge application to manage wealth is missing.

They are interconnected, and in my opinion, we wouldn't be able to generate much money if we didn't have financial education. So I think financial education is fundamental, and we can even start learning it while sitting in school before eventually pursuing wealth. One day, with the financial education we have, we can chase wealth and also manage that money properly.

[Negotiation]

They are interconnected, and in my opinion, we wouldn't be able to generate much money if we didn't have financial education. So I think financial education is fundamental, and we can even start learning it while sitting in school before eventually pursuing wealth. One day, with the financial education we have, we can chase wealth and also manage that money properly.

In my opinion, everyone learns financial education by themselves, some through family and some through social life, and finally, they learn financial education largely through solving real-life problems and practical experience.

However, I think that financial education is not learned in an academic way, but rather through reality.

[Fortify]

Financial illiteracy is the process were an individual lacks the ability to take the right financial decisions and steps in making sure that one is liberated from financial lack and stagnancy. Financial education should be a very important aspect of every individual if anyone is interested in becoming financially buoyant and independent.

People now a days are more concerned about making money rather than first of all equipping themselves with the needed  financial management and education because everything boils down to financial education in the process of building wealth.its a common belief that no matter how good a fellow is he or she can't outgrow his level of financial literacy.One can't be talking about building an Empire without the needed financial skills and equipments.

Those who has been able to build Empires in every field of endeavors are actually people who has enlightened themselves enough to manage their finances. Anyone who wants to make a change in this current economy that, we found ourselves should as a matter of importance embabeb financial literacy. As taking the right financial decisions and steps in liberating one from their current financial status.Investment is one good way that an individual can move away from financial stagnancy.

Investing in critical assets like Bitcoin is one good way through which an individual can liberate their self from from poverty.having the necessary  financial skills is what defines an individual, so investing in your  yourself by buying of books, Attending of work shopes and seminar making of Researching etc are all financial literacy means which anyone can use in escaping poverty.

You can do all the reading in the world, but if you don't apply it you will never learn fully. There are elements of risk involved in investing and you'll only learn your own tolerance levels by taking the plunge. It is inevitable you will make mistakes along the way, but that is part of the process and how you recover from those mistakes can often define your long term strategy. Even the best investors have lost money at different times, sometimes you put money into something and all assumptions you made were wrong, but I'd rather sell to recover 20% of my money than watch it drop to zero.

[abhiseshakana]

You can do all the reading in the world, but if you don't apply it you will never learn fully. There are elements of risk involved in investing and you'll only learn your own tolerance levels by taking the plunge. It is inevitable you will make mistakes along the way, but that is part of the process and how you recover from those mistakes can often define your long term strategy. Even the best investors have lost money at different times, sometimes you put money into something and all assumptions you made were wrong, but I'd rather sell to recover 20% of my money than watch it drop to zero.

Agree with your opinion, from my personal experiences, simply said theory is basic knowledge and general understanding which  forming our competencies, without competencies we can not call somebody an investor. After we know how to be an investor then we can  practice it in real world and build our capabilities. Calm when market is red need practice, executing strategy on high pressure situation also need practice. After we have high flying hours in heavy storm and extreme condition our capabilities will be formed maturely. the most important part is consistency, it will formed our quality as success investor. We'll not has FOMO or do panic selling, and will not overstressed when facing big loss and the most part i like we'll have good responsive risk management. Competencies without capabilities  will face many loss, capabilities  without competencies will be collapse faster, competencies and capability without cstrong mentality / character will be easy come easy go. As an investor biggest enemy is our selves

[SquallLeonhart]

This is important, because not many people realize how things could be a lot better for you if you just knew how money works. I know that it doesn't create a guarantee, because even if you know finances and how money works sometimes you are just not making enough to make that work but at the end of the day we are talking about salary that is the most important part and if you are not earning a lot, like if you are some kid working at McDonalds then yeah you are not going to make a lot of money.

So we should consider how this could be different and for that reason I believe only the adults who are at middle class levels could take advantage of an education like this and do a fine job, should be very good for all.

[Zigabel]

Investing in critical assets like Bitcoin is one good way through which an individual can liberate their self from from poverty. Having the necessary  financial skills is what defines an individual, so investing in your  yourself by buying of books, Attending of work shops and seminar making of Researching etc are all financial literacy means which anyone can use in escaping poverty.

This is more of basics for financial education, beyond all of that which you have mentioned is more to financial education, Investing on its own is a very broad topic of discussion under financial education and you cannot just get into it without proper knowledge and understanding of what it actually is and entails, if you are investing without the proper knowledge, you are likely to make some mistake that may cost you your entire investment, you may make bad investment decisions and that can ruin you even more rather than getting you some financial freedom as intended.

Financial literacy will do a whole lot to the individual than just probably getting into some sort of investment that they are not properly educated about but feels they can just make money to transform their lives by just joining in on such investments and this includes crypto, although with Bitcoin you most often cannot go wrong if you invest but you will need the right knowledge to maximizes profits and utilize opportunities they are going to come across as Bitcoin investors.

[bakasabo]

This is important, because not many people realize how things could be a lot better for you if you just knew how money works. I know that it doesn't create a guarantee, because even if you know finances and how money works sometimes you are just not making enough to make that work but at the end of the day we are talking about salary that is the most important part and if you are not earning a lot, like if you are some kid working at McDonalds then yeah you are not going to make a lot of money.

So we should consider how this could be different and for that reason I believe only the adults who are at middle class levels could take advantage of an education like this and do a fine job, should be very good for all.

It would be much better if people besides theory have practical experience. I am trying to say that for some person what is the point of concentrating on financial education, when he will never not only become rich, but will never have enough money for starting capital. A lot of people know how money work, but if they are given that money, they most likely wont be able to successfully use that knowledge. A lot of libraries are free. There are thousands books about finance, history and etc. Anyone can go and learn. However we dont have that much rich people as wanted.

[eightdots]

This is important, because not many people realize how things could be a lot better for you if you just knew how money works. I know that it doesn't create a guarantee, because even if you know finances and how money works sometimes you are just not making enough to make that work but at the end of the day we are talking about salary that is the most important part and if you are not earning a lot, like if you are some kid working at McDonalds then yeah you are not going to make a lot of money.

So we should consider how this could be different and for that reason I believe only the adults who are at middle class levels could take advantage of an education like this and do a fine job, should be very good for all.

It would be much better if people besides theory have practical experience. I am trying to say that for some person what is the point of concentrating on financial education, when he will never not only become rich, but will never have enough money for starting capital. A lot of people know how money work, but if they are given that money, they most likely wont be able to successfully use that knowledge. A lot of libraries are free. There are thousands books about finance, history and etc. Anyone can go and learn. However we dont have that much rich people as wanted.

Having a comprehensive knowledge of finance and how money works provides an advantage, but this advantage doesn't materialize if the right steps aren't taken. Not everyone has the opportunity to take these steps, and achieving them isn't easy. Even with a good education, applying that knowledge in practice isn't always straightforward. Education is important, and it's truly beneficial when supported by practical experience.

Having knowledge allows us to properly assess many opportunities. Economic opportunities don't always arise, but when they do, you need information to take advantage of them. What I mean is, the combination of knowledge and practice always provides an advantage.

[Yeesha]

Everyone can't have that financial education, the world is a big place and everyone has different problems and exposures but I am sure that mistakes can be made and we can learn from it, many people have no one to show them the rightful things to do and yet they made all those mistakes and they still stand tall in the end, mistakes ended up becoming their master.

Everyone can't have that financial education, but it is possible for a lot of people to have the financial education and understand financial management. Beside, that is the trick that people use, because the world is advancing and full of many educated people who abide by the rules of budgeting, and saving purposely for future use. This thread sound so interesting and educative, and I believe its going to be beneficial to a lot of people.

Wealth is going to be a waste without knowing or being knowledgeable about financial education. Because the person won't have any idea on how to handle the wealth properly, in order to make the wealth more fruitful and productive.

[Cheema02]

Money alone does not change anyone’s situation if the knowledge to manage it is missing, basically without financial literacy, income will always tend to disappear as fast as it comes and that is why many people remain stuck despite working hard or earning more over time. Wealth creation in itself rests on the understanding of how money works, how to manage risk, how to plan, and how to make informed decisions. People who build lasting success usually invest first in their knowledge before investing their money and learning through books, workshops, research, and mentorship sharpens judgment and reduces costly mistakes. Assets and investments can be tools for progress, but education is indeed the foundation that determines whether those tools help or harm.

Your point highlights the importance of money management and its true that only with money we don't get success of we don't understad how to manage it properly. If proper financial management can't be done then money disappear rapidly and no matters how much you can earn so its the basic reason of struggling of many individuals while hard working. Wealth depends all about on management and control spending. People who gain success must invest in getting knowledge of finance and its helps a lot to avoid major mistakes while investing because investment is a strong weapon for growth but its only beneficial when we use it wisely. For this purpose finance education is the key and any individual have the actual track then money makes tool for his progress.

[bakasabo]

This is important, because not many people realize how things could be a lot better for you if you just knew how money works. I know that it doesn't create a guarantee, because even if you know finances and how money works sometimes you are just not making enough to make that work but at the end of the day we are talking about salary that is the most important part and if you are not earning a lot, like if you are some kid working at McDonalds then yeah you are not going to make a lot of money.

So we should consider how this could be different and for that reason I believe only the adults who are at middle class levels could take advantage of an education like this and do a fine job, should be very good for all.

It would be much better if people besides theory have practical experience. I am trying to say that for some person what is the point of concentrating on financial education, when he will never not only become rich, but will never have enough money for starting capital. A lot of people know how money work, but if they are given that money, they most likely wont be able to successfully use that knowledge. A lot of libraries are free. There are thousands books about finance, history and etc. Anyone can go and learn. However we dont have that much rich people as wanted.

Having a comprehensive knowledge of finance and how money works provides an advantage, but this advantage doesn't materialize if the right steps aren't taken. Not everyone has the opportunity to take these steps, and achieving them isn't easy. Even with a good education, applying that knowledge in practice isn't always straightforward. Education is important, and it's truly beneficial when supported by practical experience.

Having knowledge allows us to properly assess many opportunities. Economic opportunities don't always arise, but when they do, you need information to take advantage of them. What I mean is, the combination of knowledge and practice always provides an advantage.

I came across many example when people gain big amount of money, but even when they know that money better be used smart, they dont do that. They acknowledge about investing, maybe heard about crypto. But dont know where to start from. I find that is the problem. There is knowledge, but 0 experience in using it. I think you know how to hammer a nail, but I am not sure that you will do it  right without bending it.

[Hamza2424]

Both making money and financial literacy is important. You easily lose your money without financial literacy but you ain't investing anything without making money.
From my experience though, starts making big money from e.g your salary and you'll start to find a way to take advantage of your money better.

A lot of topics have been created on this before and I also agree with the same thing you agreed on, that first earn money because having no money and learning about managing finance is a bit odd. It is like acting to be smart while being the stupid one in the room. Many people pretend to be someone who they are not, they don't know anything but will respond in a way they think the other party is convinced they are smart but in reality, they know they are bluffing haha.

Anyway, we should focus on earning first, because if we are not earning and sharing our ideas on how to make money and manage funds with our friends, they will taunt us and make fun of us as well haha. So better to actually do something before going to the next phase.

[Muba20]

Without financial education, a person can never achieve wealth simply by chasing money. There are many people who once owned a lot of money but later they could not keep that money. There are some who can quickly own a lot of wealth, such as a jackpot winner who owns a lot of wealth but later his wealth cannot be found.

An investor invests in the wrong platform due to ignorance about how to spend money, where to invest with high profit or where the level of risk in investment is high. An investor needs to have proper knowledge about how to invest with discipline and get long-term profit. Otherwise, even if he gets wealth, he cannot keep it. If the money is lost after the money comes to him, he will not get that wealth again, but the one who has financial knowledge can definitely create several times more wealth through his knowledge and hard work.

[Alpen]

Investing in critical assets like Bitcoin is one good way through which an individual can liberate their self from from poverty.having the necessary  financial skills is what defines an individual, so investing in your  yourself by buying of books, Attending of work shopes and seminar making of Researching etc are all financial literacy means which anyone can use in escaping poverty.

True financial education would have taught you to steer clear of Bitcoin. And let’s not even get started on memecoins

[Leahized]

My own point about this, its not really necessary to learn financial education formally because you will definitely learn it based on your real-life experiences. Your experiences will make you more aware and realized that dealing your finances the right way is essential in order to achieve wealth and keep them for long.

If we really want to deal with everything in real life then there is no alternative to education. If we receive financial education it will flow into our real life. As you say, real life experience is very important yes it is true but when we are in first stage no one has experience. So where do we learn them from? On the other hand, those who are wealthy can get everything very quickly, such as:Experienced people for the company. This means that even if there is wealth, it affects a lot in real life.

[AmaGold70]

Having in-depth knowledge of how money works is very important and that makes financial education very important too. The problem most people have is not even to make money, but the problem most people have is how to manage the money they have made properly, and be able to sustain it. Most times you see people doing well in their business today, and tomorrow you see the business collapsing, not because the money they invested in that business wasn't enough, but they lack the financial strategy to make their money work for them.
When you build yourself with good financial management skills, you will build wealth. One can build wealth from any level, with good financial education, you can build wealth from the scratch, and every penny you make matters to you, but one without financial education spends money on liabilities instead of assets.