The importance of financial education

I think I wrote about this before but it’s okay, I’ll talk about it again. Hopefully, it can also remind myself of the importance of financial education.

I’m always an opponent of the notion of “giving away money for free”. It’s fine to hand out money to a financially intelligent person as I am confident that they’ll be able to expand their wealth using that initial capital but I am less confident if it was a person with lack of financial education.

That’s why sometimes I sort of cringe whenever I hear or read about people being given money or luxuries for free, without having to work for it. Like I said earlier, if they are financially intelligent, I’m all for it. However, if they’re not, then I believe eventually, they’ll run out of that money and they’ll come back begging again.

This is also the reason why I believe that financial education is very much important. Reason being, if you are financially educated, you’ll be able to exercise creativity on how to expand your sources. You are no more enslaved by money. Money works for you now.

Remember the saying, give a man a fish, it’ll feed him for a day. Teach a man how to fish, it’ll feed him for a lifetime.

I’ve always believed that if I was financially educated, I will be of less burden to others and perhaps, I’ll now be able to assist others whenever needed.

I also believe that with financial intelligence, people will complain less. No more blaming the rich for their misfortunes, no more blaming the government, and no more blaming the universe.

————————————–

Disclaimer: This article is not a specific nor general advice on managing or investing your money. This article does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs.

Go to HOME
Go to SITE MAP
Go to DISCLAIMER

About nadlique

This blog is about the journey of a 28-year-old Malaysian towards financial freedom. This blog was started back when the blogger was 21 years old. However, his journey towards financial freedom had begun way before that. Materials such as investing, business, entrepreneurship, equities, and real estate are presented. The author also posts his thoughts and observations on life in general.

Comments

  1. dah tulis panjang2 tapi boleh pulakkan lupa nak isi nama.pastu hilang. sakit jiwa betul.

    anyway, i am totally agree with you.

    that is why great people like Oprah should give free houses and cars to people that have financial intelligence, like us. no?

    hahaha.just kidding!=)

  2. I think it should be in one of our subjects in our education system. 🙂

Speak Your Mind

*

Return to top of page

Copyright © 2019 · Faliq Fauzi · Log in