We are into that time of the world, where everyone should have the knowledge of everything. The old adage “Jack of all trades, master of none” has been replaced by “jack of all trades, master of one”. We have 7.7 billion people on this earth, so there are great chances of innovation, desire to start of their own or even in job they all work to live happily and with all the comforts in life. Apart from emotions and relations, the third important thing which plays an important role in our lives is money. Some people have a lot of money and others do not know how to meet their daily needs. On the other hand, most of the people have the money but don’t know how to utilize it or how to generate the money from money itself. There is a very famous saying from the Book: Rich Dad Poor Dad “Don’t work for money, let money work for you.” Unfortunately, this literacy about finance was not taught in any education system prevailing in today’s education system all over the world. These deep knowledge about Finance is generally taught in B-School. But honestly how many of us have been able to be in B-School, optimistically, ~1% of the total population. Finance knowledge is must and compulsory no matter what your profession is and what you do.
So, what about others? Who is going to build these gaps? What about their children? Will they have to live in the same way as they have lived? Their children also need to sacrifice their desire so that they can pay off their bills in time.
The answer is the same resounding Yes!! The need of the hour is to educate oneself and our upcoming generations to learn about money and how it works. What are real investment opportunities. If the children are taught from the young age, they will be ready to face the society as soon as they are out of the school. These loans, EMI and credit card facilities around the world is actually destroying the generations instead of helping them
Wish you all a healthy and a financially sound life !