It's a good point you understand financial management, but simply understanding without good application remains pointless at the end of the day.
I have encountered people who were good in giving financial advices. They've told how to invest, where to do it and how much can be put at risk. But I've seen them when being asked what are their investments, they can't answer that. It's all theoretical to them and they can't apply it to themselves. They're like teachers in good faith but they can't apply it to their lives. So, that's true that it is going to be pointless if after learning financial management and you don't apply it to yourself. You'll be good in life advises but can't actually do it in your own.
They are like schoolteachers who will be guiding us from the textbooks only and will have very less or no real-world knowledge. These people might be able to read a couple of books every day and attend a few wealth management lectures or seminars which makes them feel confident that they will be able to guide others. They get so busy in guiding others that they almost forget about their own wealth management.
They will still struggle at the end of the day even after giving million-dollar opinions to others. Is trusting and taking guidance from these people really worth? I don't think so. We can instead learn from someone who has real-world experiences and has spent couple of years struggling at the initial stage because only then they will be able to learn the hard lessons taught by life.
It is fine to learn from anyone who is making sense about how to plan finance and apply it practically but if you want to investigate whether they are actually being financially disciplined in practical you might be disappointed. Some people are gifted at lecturing or preaching but it doesn't mean that they have the discipline and stamina to practice what they teach so the point is that we shouldn't have high expectations regarding how far lecturers and preachers practice what they teach. Learn everyday from people and materials then take what you believe will benefit you and practicalize it, don't worry if those that thought the lessons are perfect at what they teach.
Every adult knows good and bad and if all of us choose to practice only good things there won't be any bad in the world but some people know what is good but choose to do bad. In the same sense most people understand financial management but lacks the willpower to practicalize it.
