In today’s society, we are very rarely taught anything about money, at least in the mandatory educational system. This is a massive factor explaining why money becomes such a huge issue to many as they grow older. So, we have to do what society won’t, and learn about the vast topics surrounding money.
Why aren’t topics related to money taught to us?
Money is, first and foremost, essential. Whether we like to admit it or not, we need money to put food on the table. It’s insane that it’s such an essential part of everyone’s life, and yet our children are taught to analyze poems rather than manage their finances. This stigma surrounding money is completely unjustified, many associate the will to learn and understand money, and how to make more of it, with greed. Greed is defined as an “excessive or rapacious desire, especially for wealth or possessions” (dictionary.com). There is a difference between a rapacious desire for something, and wanting to figure out how to put food on the table easier. Even if one wants something non-essential, like a new car, it is only greed if the person does not put in the honest effort necessary to merit such an expenditure. In other words, greed is, in a way, a feeling of being entitled to a disproportionate reward after minimal effort, often and the detriment of others. Entitlement inspires complaining and laziness, neither of which are good personality traits to have. If you’re interested in reading more about why we are taught to hate money, take a look at my article Why Are We Taught to Hate Money?.
But why should you learn about money?
Simply put, managing your money is an essential skill, no matter your field. Sure, you can pay someone to do it for you, but that’s obviously counterproductive and often expensive. Dear reader, I urge you to focus on learning personal finance management skills as soon as you can. Do not wait, every minute lost without proper financial knowledge is potential money lost. Understand the different bank accounts, interest rates, compounding, investments, etc. These topics are not extremely complicated, but they are incredibly important to understand. If you’re interested, I’ve written an article about the power of compounding interest; Compound Interest: The Strongest Tool To Achieving Financial Freedom.
Dear reader, you owe it to yourself to understand most topics surrounding personal finance. You will, I assure you, thank yourself later.
If you’re interested in starting your journey to financial independence and success, I highly recommend picking up Rich Dad Poor Dad, here’s an affiliate link to purchase it on Amazon, you would be supporting me too!
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
If you’d want to learn more about achieving goals and fighting a lack of motivation, I highly recommend Grant Cardone’s The 10X rule, please feel free to purchase it using this Amazon affiliate link in order to support me as well!
The 10X Rule: The Only Difference Between Success and Failure