Check out The New Paper Article: Make Financial Literacy An A-Level Subject?
HEY! Smart people who are reading this post, can I ask you to ask yourself this question?
Its not an A level question, so it is not really hard to answer.
What are the chances of you not getting involved with money the moment you enter society?
I'm sure that the thing most of us will be focusing on, the moment we enter society, is to secure a job. Nothing wrong with that.
In fact, it is the right thing to do. Being a dependant is a no-no and I'm sure many of us would not want to stay that way for too long.
My stance has changed in comparison to several of my earlier posts. I do not attack job holders like I used to before.
In fact, I'm now encouraging people to hold a job that they truly enjoy doing. As society evolves, the correct education becomes crucial if you want to thrive.
Do you agree that no one can possess all the information that is circulating around the entire world in his life time?
The world we live in now is changing so fast that we are forced to move along with it to keep up.
Financial education is no longer a hobby subject.
With so many institutions stressing the importance of managing your own wealth, chances are, those who do not possess this knowledge will become obsolete.
This is a saddening fact. As the financial world gets more and more complicated, more and more sophisticated investment instruments will become more and more prominent.
In the near future, terms like mutual funds and bonds will become only a small fraction of what the whole financial world has to offer for investors. Ignorant people will practically be drowned in investment choices.
Like I have mentioned before, making money is simple to understand but its not easy to do.
I'm not sure about you, but I've asked myself this question: What if I'm left behind?
What is it that you have done to make sure you do not fall behind the investing herd?
Does knowing the chemical composition of hydrochloric acid or memorising the formula of differentiation going to help you solve your money problems?
I'll stress the points of the article above.
Thinking skills are important. But they can only get you so far.
The Analogy
Take running and driving a car.
Which activity requires more effort?
Which activity covers the most distance?
Which activity requires more effort to master?
Which activity is ultimately more efficient?
Running is like working in a job. You spent decades to learn how to run as well as train your body to run further and faster. But how far can you get?
Driving a car is like knowing how money works. Though it takes a longer time to learn and it costs more. But learning how to use a tool will allow you to reach your goals faster. It requires less effort on the long run and you cover more distance in a shorter time.
Before financial literacy becomes a compulsory subject taught in schools, why not give yourself a head start?
Believe it or not, the future generations will be equipped with far more effective society survival skills than what you have now.
If that pose a threat to your livelihood, isn't it time to take action?
There is a solution, but it is not something to be given freely to half-hearted, sceptical people shopping around for easy get-aways.
I'm sure you will choose for yourself whether you want that edge over others. I welcome you to post your concerns regarding your future.
Check out this quiz to test your financial knowledge
http://www.savingadvice.com/quiz.php?quiz=7&page=quiz
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