Financial Education

[Phronesis]

We have come to rely on our gifts, skills and talents as the only way we are going to be rewarded and find our worth in our jobs and in peoples acceptance of how good we are at our jobs. Since the 2008 wall street crash its been a downward spiral for us the pre - millennia and the millennia which has seen the job market shrink. Yet to counter this we have become better students, we get higher grades to become the most sought out worker; we work longer hours and make bigger sacrifices to keep our jobs. All the while the gap between the rich and the poor is ever widening and the dream gets further and further from our reach. Living alone is unaffordable let alone one day owning property.
According to experts, The job market isn’t set to get any better. With the direction the world is taking for us to catch up to the boomers we need a game - changing strategy. In this series I want to share the strategies I am using to find my way out of poverty. Financial Education is a must!

 

[Lekhraj19]

I read your post. You said it right that students work very hard to secure good grades and marks in schools. Then, here if I talk of India, students are educated as such that unless their parents are for them, they need not focus on how to earn money with the study. This is the biggest drawback that I see of the education system.

However, the new education system has launched here that has some sort of things which could help students to think about how they can earn money. In my opinion, financial education is all about approach towards earning money and mindset for the same. If students don't have the mindset for that, they will not do that. I am fortunate that in this lockdown, I explored more on this aspect. Still looking for the best one...

 

[Josemendez]

Financial education is a broad aspect of education that entails educating young people ( not only students) on the need to have a good skill that can help them be dependent on themselves , especially now that the economy seems not to be favourable.

In developing countries where corruption is the order of the day , certificates do not matter in most cases ,but having someone in the system that will help you enter the system ,whether you are qualified or not.

This has made it a wise thing for people to go far beyond the struggle of graduating with good grades ,to having skills that can help them survive on their own.

 

[Alexandoy]

I do not think that the government can do anything with the gap of the rich and the poor. It is the way of life in a democracy that there is free enterprise where people has the option to choose what he likes. Unlike in a socialist or communist country the government can force the people to be workers in the field or to be putting up a business to invigorate the economy. That is why China and Russia have a robust economy although in Russia it is still pronounced when it comes to the gap between the rich and the poor. But in China it seems that the middle class is bulging.