Financial Education: A Continuous Curve?
Financial education is a process; an endless learning curve with many twists, and this is because of the differences in our income, mode of earning, places of origin, and economic ideologies.
Some people's monetary ideologies are based on their experience and exposure, but one thing with experience is that one financial experience isn't relatable to every financial issue in life.
For example, a person who is a business tycoon might struggle when they're presented with an issue of scarcity or find it difficult to be productive in an unfavorable economic condition. It might be that their expertise or experience is all about having money to make more money.
Productivity: A Two-Way Thing?
Now some people know how to be productive with little resources, because of their ability to manage money, however, if they're given enough money to perform on the big stage they might just fail.
This is because financial education is vast, handling money is more difficult than making it and this is because most of the choices that render people rich or broke aren't in career choices or where to work, it's in how they make choices and decisions pertaining this money that's even more difficult.
For example, a person might know how to be prudent, but they're inept when it comes to money, this is because Financial education is interwoven, a person who makes good money might need investment exposures to put their money to good use and if they don't, they might just suffer the consequences.
Unforeseen circumstances: The Inevitable
In life, it's not enough to just know how to save or how to make money alone, this is because our default financial environment is an aspect of our lives that we need to be cognizant of.
For example, I spent almost everything I have trying to bury my mother, and the reason for this cost was that I had to succumb to traditional demands.
While my personal finance goals do not permit excessive and unnecessary spending, the environment or circumstance seems to have overruled the principles which I set in play before now. This is another aspect of financial education. You see, we cannot know it all.
Crypto & Real-time: The Difference
Crypto exposure has become one of the biggest financial education for many and this is because it involves predictions, permutations, and being precise with timing, however, we cannot use this education and exposure to deal with real-life financial issues.
This is because the two are in different leagues, while there might be a little semblance, there's the need to create a huge differentiation.
In reality, there are times we've found ourselves messing up big time and going contrary to our financial principles, lowering our guards down to take care of a situation. But, because we're humans.
We cannot deride our mistakes and weaknesses because since we can plan well and put things in motion, we still have to condone unforeseen circumstances which can take away our emergency funds or even put us in positions where we might need to begin from ground zero again.
Learning Continuosly: An Unending Journey
In reality, no matter how much we've learned, we'd still make mistakes when it comes to spending money while this is a bummer, it's how it is. This means that our lives will be full of financial mistakes especially when we bear regrets about how much we could have turned out better.
In life, no one is ever satisfied with their financial standing, unless you're Jeff Bezos. So we're quick to point out our failures and mistakes, maybe a missed business opportunity or a coin we didn't buy in early or a project we didn't participate in.
At the of the day, we'll miss some, lose some and gain some even if we understand that the learning curve is a continuous process.
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Posted Using LeoFinance Beta
Posted Using LeoFinance Beta