Money is the one thing everyone desires; yet lack the will to hold a serious discussion about. Why is that?
Essentially, the amount of money you earn or have stored away in some vault defines who you are in society. Does it really?
You’re probably nodding along and pondering where you stand in society. I’m not here to define that. I want to address the issue that forces people into poverty.
So...Here it is! The lack of early education about financial management is where the problem lies.
Let me shed light on this topic. Majority of people are in poverty because they don’t know the process by which the rich get richer. There may have been someone in the lineage of a wealthy person who had a very solid understanding of how money works, AND how to make it from being no one (financially speaking) to someone (again, financially speaking).
Here’s the deal with this country, however:
That skill to manage finances in such a manner that will lead to riches is not taught in schools. Wait!! Someone might think… “But Julio, there are plenty of courses in College about finance, hence the existence of Finance Degrees”
Here’s my opinion on that: IT’S ALREADY TOO LATE.
We, as a country, need to realize that money management needs to be part of our youthful development. Some may wonder, that’s too much stress for a child to deal with. Honestly, Shut the Front Door! If you think that, you aren’t willing to push yourself, let alone your own child. (but that’s just my opinion.)
What’s my solution to this problem? Exactly what I just mentioned. There needs to be an initiative in the scholastic system where children are taught a different aspect of money management every year of their lives. Everything from credit cards, banks & their processes, gambling, budgeting, life expenses after college, interest, business investments, government aid, legal & illegal transactions, real estate, miscellaneous expenses, etc & etc.
Look, I can continue to brainstorm and write opportunity subjects to teach our youth, but I’m going to let the rest of you brainstorm.
I’ll end by saying this...
Long-term solutions will always defy short-term solutions. We must hit society where it matters most, our youth. Education begins early in life. Poverty and the nation’s increase in debt will cease to exist when our youth learns how to manage money. I highly suggest adding financial management to our early curriculums, as it will change the way our future society handles/views it’s finances. It may take a generation or two, but the effect on the country's finances will be excessively beneficial.
As a nation, we need to fix our debt problem internally…and that, my friends, starts with our youth.
What's your opinion?
- Julio Caezar