Financial literacy for young minds
Hello everyone, I welcome you to my blog.
The first time I heard about crypto trading, I laughed at the idea and called it stupid. When my friends would lose their money, I'd be right on cue to advise them to give up. To me, physical trading was more better and assuring than investing money in a digital market that you might end up losing. Well, years has passed, and all I can say is that I know better now, and everyday I wish I had learned what I know now a long time ago. Through all those failures and losses, my friends have made it, while I'm still trying to learn, and with the everyday life stress, it is quite difficult to keep up.
With how fast the digital space is taking over the world, I won't be surprised if we were to wake up one day to a world where physical trading no longer holds value. If that were to happen, those who have ignored the online market would be at a great disadvantage.
When I first heard of crypto, BTC and BNB was nothing compared to what it is now. I had a few coins that my friends convinced me to buy, but I sold them all within two months because I didn't feel the need to keep them. Now, whenever I check their rate, I wish to go back to the past and correct my mistakes. But then, if only I was tutored or taught about the importance of crypto, and how much it could change lives, maybe I wouldn't have made such silly mistakes.
I agree with the idea of teaching crypto and forex in schools, because it would be nice and the world would be a lot easier if everyone, especially kids know the concept of making money.
Now, introducing them doesn't mean they have to start trading immediately. At least, they can learn how the market works, know when and when not to place a trade, master the art of being able to move on when money is lost. The last part is necessary because I think the reason most people go berserk after losing their money is because they have not mastered the art yet.
If kids were to learn this at a young age, truly it'd make so much impact in the global world, and things will be simpler. Parents wouldn't have to bother so much about the welfare of their kids because they know they've got it covered.
I already decided that if I had kids, I'd introduce them to the crypto space when they're still young, because I most certainly do not want them to make the mistakes I made, and miss out on the chance of becoming rich at a young age.
So in conclusion, I think teaching children crypto trading and forex would give rise to a generation of people with better investment decisions. This is because, things that are learnt when we're young, will always be a part of us.
The kids doesn't necessarily have to trade as they learn, as this may be a burden on their parents. But they can watch the grown-ups, and improve on themselves by learning from their mistakes and successes.
I support the idea of introducing young ones to things that help them attain financial stability at a young age.
Yeah... it's really a nice thing to do
I was also sceptical about cryptocurrency not until I saw how much my friend was making, then, i wasnt about the knowledge but how to make quick money, but now, I only want the knowledge after my experience of trading without the knowledge, if we were taught this in school, this would have saved a lot of us and even have more acceptance earlier.
Indeed, lack of knowledge has really caused more harm than good.
It's good that you have acquired the knowledge