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Thursday, 06 December, 2012 16:48

Financial Education is One of The Most Important Things Today and Also The Most Neglected

FACT No. 1 – WE NEED MONEY TO LIVE

We all live in an economy in which exchange is made with money. Almost everything that we want in our lives we must buy: food, shelter, transportation, health care, education, everything. If we want to live a quality life, we need money, a lot of them.

Some people try to neglect and actually deny the fact that we need money to live a quality life, so they try to live their life outside the monetary system. Of course this system is far from being perfect, but today is the system used at global scale and it will be much more helpful to learn how the system works than to deny the system and swim against the current.

FACT No. 2 – WE PRETEND THAT WE DON’T NEED MONEY TO LIVE

Although we live in a world in that every exchange is made with money, a lot of people act as if money does not exist! If they must receive a payment for something they did, many people feel ashamed by the fact they must  receive money. Many people spend their money very easy, on stuff that they don’t need, as they had a fountain of money in their yard.

A lot of people refuse to learn new ways of earning money, as they think others will consider them greedy. For the same reason many people are happy with the little money they get from their job instead of trying to achieve more.

Some may think that money is evil, money are the devils eyes or that money are “dirty”. Money are not like that. It is people who earned them that might be bad, evil or dirty, but money in their essence is none of that.

FACT No. 3 – WE DON’T LEARN IN SCHOOL HOW TO MANAGE AND MAKE MONEY

Money is the centerpiece of civilized society. We need money to have a quality and fulfilled life. Despite that, money is quite neglected by the education system. Starting from the first grade until last year of university, all that educational system teaches you is how to become a good professional, but not how to manage your personal finances and achieve financial freedom. Because of this lack of financial education many people who did very well in school and become very good professionals are having financial difficulties despite their high payments – they weren’t told how to handle money. 

FACT No. 4 – THE WORLD IS CHANGING VERY FAST 

Many people seems to forget that the world today is not the same as the one 50 years ago. Things that worked back then don’t work anymore and things that work today they didn’t even existed 50 years ago.

If 50 years ago a small piece of land and hard work was all you needed to prosper, today that might not be enough to support your family. 

So if you are planning your future based on things that worked 50, 20 or even 10 years ago, you might expect surprises, because they don’t work anymore. The world today is in constant change and if you want to have success you must constantly learn new things.

FACT No. 5 – IF WE LIVE IN A MONETARY SYSTEM WE ALL NEED A GOOD FINANCIAL EDUCATION 

Let’s say that you just finished your school, you become an IT specialist and now you get your first job as a helicopter pilot. How well will you do on your first day at work? I quess not very good, since you studied IT and don’t have a clue about piloting a helicopter. Unless you go to flight school, there is no way you can pilot that helicopter and reach safely at destination.

The same thing is happening when someone finishes school, get’s a good job with high pay, but they don’t have a clue on how to handle money. They will do with their money what they know best: spend them all!

It’s not a problem that they get a high pay and they spend all their money, but the problem is they spend the money on things that take them a lot of additional money from their pocket each months, like a big house, a big car, a big yacht, and so on. If someday they lose their job they still have to pay for the big house, big car, big yacht. Now they have a problem.

If someone is FINANCIALY EDUCATED, they will know how to spend their money on things that get them more money. They will know the difference between an asset and a liability, between good expenses and bad expenses, between good debt and bad debt, they will know what leverage to use to earn more money and they will know how to put their money at work.

GlobalOne has a great plan to help everyone improve their financial education and build wealth.

Included in GlobalOne membership is the Elements of Wealth financial education program. With Elements of Wealth you may increase your financial education starting with how to make and manage your own budget, what are the phases of economy, why some investments go well in a certain phase and other investments go well in different phases and how to reconize the phase economy is in.

As a GlobalOne member you get access to Elements of Wealth. Sign up now with Platinum Membership (100$/month) and you get them all (Financial Education Course + EasyTrade 360 + MarketCycle360 software).

GlobalOne Signup

Vivian Vanatu

Vivian has been working in internet marketing for over 3 years. He has developed several websites and online businesses and seeks to educate people about how to use internet to grow their business. My G+ profile

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