Should financial freedom be taught?

Why is financial literacy important? It takes a lot of work and time to change your thinking and become financially literate. The single biggest difference between financial success and financial failure is how well you manage your money. It's simple: to master money, you must manage money. The number one problem in today's generation and the economy is the lack of financial literacy.

A person either disciplines his finances or his finances disciplines him.―?Orrin Woodward

Retired soldiers are the worst sufferers when they engage in financial operations. I have found that their credulity far exceeds that of widows--and that is saying a good deal.―?Agatha Christie

Those who master money are free to serve others still mastered by it.―?Orrin Woodward

Radical economic transformation is not a quality you demand from the government, radical economic transformation is a quality you demand from yourself―?Mac Duke

Financial literacy makes it okay for you to make small or big mistakes. On the other hand, being financially illiterate only makes those mistakes dire and regrettable.―?Anas Hamshari,?

Think a little differently from the herd and see things they can’t or won’t.―?Christopher Manske,?

Saving money is for fools. The wise achieve the very same or even better result by simply not wasting money.―?Mokokoma Mokhonoana

An empty mind is more dangerous than an empty wallet―?Mac Duke

Most times, bankrupted finances is a reflection of bankrupted souls.―?Orrin Woodward

Not wasting money is the best way to save money.―?Mokokoma Mokhonoana

Financial education is more valuable than money―?Mac Duke

Spending everything you earn without any means of saving is a money disorder―?Mac Duke

Wall Street treats all crises the same despite the fact that people react to the threat of war very differently from other crises like disease, systemic medical incompetence, or the failure to maintain a country’s transportation infrastructure.―?Christopher Manske,?

Mother Nature convincingly suggests that those who stay scared and run with the herd are more likely to stay alive. As investors around you behave irrationally and the news describes a miasma that will last for years, it’s easy to lose sight of your well-laid plans. It’s tempting to join the herd.―?Christopher Manske

Financial literacy begins the process of earning more for what you know and less for what you do.―?Linsey Mills

A child’s financial lessons aren’t taught. They are experienced through the actions of the parents.―?Linsey Mills

I wish that financial literacy was taught when I attended high school, not so long ago―?Charmaine J Forde

You can only profit off of your popularity if you have a product you are selling. A positive image is desirable but yields no financial gains.?―?Germany Kent

Instead of buying a Mercedes, you can buy a Toyota; and then use the extra money that you would have spent every month, for about five years, on the instalment, fuel, and insurance to buy shares in the company that owns Mercedes … or the one that owns Rolls Royce―?Mokokoma Mokhonoana

The saving of money is usually the delaying of the wasting of money.―?Mokokoma Mokhonoana

There is no law against living below your means (and then saving and/or investing what is left).―?Mokokoma Mokhonoana

Credit makes it possible for us to waste money before we have the money.―?Mokokoma Mokhonoana

All the perplexities, confusions, and distresses in America arise, not from defects in their constitution or confederation, not from a want of honour or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation.―?Jerry Robinson

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.―?Jerry Robinson

Through the use of constitutional contortion, the United States has created a national demand for fiat currency. Maintaining the illusion of the dollar's value requires that the monetary authorities avoid reckless increases in the U.S. money supply. Historically speaking, such increases have had disastrous effects on the purchasing power of the underlying currency. Avoiding a dollar collapse requires a personal faith among the American public in the Fed's willingness and ability to keep the currency in a limited supply.―?Jerry Robinson

Whether or not working for money is a waste of time depends on whether or not the money is needed, or will be wasted.―?Mokokoma Mokhonoana

Like any other form of learning, financial education should ideally start at an early age. This process should also continue throughout life as it helps people gain the necessary skills required to make sound financial decisions.–?Alan Greenspan

Sum it up

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About Peter

After being in business for the past 50 years still enjoy learning and sharing my thoughts on business and life. From New Zealand but enjoy now living in Gold Coast Queensland.

https://www.arria.com

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