The Relevance Of Acquiring Financial Knowledge And Empowerment Early

8 days ago

If I become the president of my country someday, the first thing I will do is to make financial education a subject that must be taught compulsorily from junior secondary school till college.

It's funny how most of the things we studied in school can not give us financial freedom.

You will go to high school for six years and graduate hoping that you will be literate. Unfortunately, you will only acquire academic knowledge but on things that really matter like finance, you will remain illiterate.

In my opinion, anyone who graduated from secondary school should be able to have some measure of knowledge on finance such that even if he or she doesn't further in education, they can be able to manage finance, know how to make it multiple and how to keep it flowing but the reverse is the case.

Even some people who graduated from the university don't have knowledge of finance. They graduate and come back home looking stranded, even if you give them money they don't know anything else to do other than to spend.

This is why our society is the way it is and some people are doing illegal things to survive because they were only given academic light, they were not taught how to fish, and how to survive.

I can't remember when I had my first financial education, but I bet it was when I was in college. I was already an adult and life was already beating me blue-black when I got that message.

I had to start the trial and error that I should have done many years ago and probably attained mastery. It's so pathetic.

In my opinion, the ideal age to give financial knowledge is from age ten or as soon as the child gets into secondary school.

This is because at that point most children are capable of learning skills and coming up with financial ideas.

Their heads are fresh and their minds are ready to welcome anything they permit. So, giving them knowledge about money, how to make it, and how to keep it flowing from that point would be a plus for them.

Before they graduate from secondary school or hit eighteen, a majority of them would have already started making moves in making profitable financial decisions.

Life wouldn't catch them unawares, they wouldn't be blind to the fact that money rules this world and that making it and keeping it flowing is a necessity.

However, the education should be practical too, different skills should be made available for students in schools to learn compulsorily.

The government should take responsibility to make all the materials needed available this would empower them from childhood to adulthood.

All these issues of unemployment and joblessness would be reduced. Every child would grow with a skill that can give them food as they grow. With or without government jobs, people would still have something to do to earn a living.

Photo by Julia M Cameron

Financial education and empowerment is something our society needs to start taking seriously, and as parents this is one of the biggest gifts you can give to your children. They would live to be grateful to you for it for life.