Conventional education systems don’t teach financial knowledge; self-education is the key to financial success
There needs to be more than talent and a college degree to build wealth; the world is full of poor people with great talents.
Financial education — investing, debt, risk, accounting, compound interest, stocks, and many more — is the main factor that creates the gap between the poor and the rich.
Sadly, our educational system and school curriculum are not set up for financial literacy. The rate at which high schoolers max out their credit cards these days indicates how leaving investing, savings, debts, compound interest, and much more out of school curriculums affects our mindset.
⚡️If financial literacy was a school subject, not family wisdom, getting rich would not be an unattainable godsend but a real pursuit.
Lack of financial literacy affects both the young and the old. Both sides of the divide make money decisions. Society has not equipped us with financial literacy, and it is up to you to educate yourself.
Whenever you start to work on your financial education is good, but the earlier, the better. Invest in yourself, as this is the most important thing.
⚡️Start by investing in your mind. Enroll in seminars and finance classes, and read as many books as possible.
As humans, we often learn best by example, so you must get a mentor. Your mentor could be a person who has already achieved what you want. Then, ask them to guide you.
You don’t need a lot of free time to become financially literate. Instead, take advantage of your job and gather the essential skills there, which will serve you in your own business when the time comes.
For instance, you could overcome timidity by working in the sales department of any product company. You will get the appropriate training with specialized people. And when you start cold calling total strangers, you will forget what being shy is.