Good Day Everyone
Let's talk about something silly today. How to get rich? Yes, how or what should we do to make us rich? The easiest answer is to get as much money as we can. Get the highest salary, get the jackpot, get a rich auntie or sugar daddy, or whatever. Everything starts from getting as much as we can.
However...
In this life, if you spend some time looking around, trying to understand people around you. Let say we put a side the rich thing here, let's pick well being.. Whether our life is financially stable and happy or not at all are not solely based on our income. We will see people with higher income could struggle more than the lower income people.
It's the balance, about balancing your income to be higher than your expense... However if it is that simple, why do some people fail?
In the current era, this thing can be said as Financial Literacy.
What Is Financial Literacy
Literacy can stand for writing and reading, which ofcourse it also means that ability to understand information. No way people write and read but do not understand what are those about. So Financial Literacy means that ability to understand financial.
So let pretends to be a smarter one here. Financial Literacy is not about how you are able to make more money, it is about knowing how to manage your money wisely. Managing money here is not only deciding to pay or not, but more like making a budget for you and others, creating saving plans, pick the right investment to grow your saving, and understanding credits and loans.
People with a good financial literacy would understand more about how to manage their money, and with this skill they could make better decision for spending, saving, and investing. Of course this means they are less likely to be trapped into debt circle or getting scammed by some fraud or ponzi schemes.
These people will have more financial independence, which they are are less likely to rely on others for financial support. In the end they can avoud stress and unnecessary mental health issue due to financial condition, for example financial insecurity.
In the end, high financial literacy is not only benefitting certain individuals only, which the longer term those individuals could help improving society financial level. Managing money effectively would empower individuals, strengthen families and make the community stronger.
As it is said like that, nowadays many people are prioritizing financial education on their family from early age.
No Body Likes To Be Told What To Do With Their Money
Due to the importancfe of Financial Literacy in current era, many people believe that Financial education should begin in schools and in early age at home. Personally I don't see how this works. I have two reasons why it will not work.
First of All, as the subject of this post too, nobody likes to be told what to do with their money. This is the fact, while some are willing to listen, most people won't listen especially if they are being told to do something that they do not like.
For most case I see about people falling badly in bad financial issue, most of the case are not because they do not know, or they are bad in financial literacy. Some cases are yes like that, but most cases are not. Most cases are due to they do not want to listen to others, they can not control their greed and ego.
Second reason, because their money are not ours. We can not tell others to do to things that are not belong to us. It is rude and inappropriate, so what we can do are encouraging them and supporting them up to certain degree.
Based on those two reasons, I do not think setting Financial Literacy into modern academic subject will solve any solution. In a very small percentage, it should be, but not in global.
What we should do is just to promote the issue, provide support to those who need and encouraging people to learn financial management more deeply. Creating a society that embrace good financial value within the community.
I think that's all I can say today, thank you for coming by to read my writing here.
Thank you for coming and reading my post. I live in Jakarta, Ex-Capital City of Indonesia. Currently I am running a small business with less than 10 people. I used to live by making money online, that's why I like being here, on HIVE, and in #PIMP - (Paper In My Pocket) community.
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