The fact is that education is the mother of financial stability and if your goal is to have financial independence then there is a need to have financial and other basic education and I will say for any individual to be able to act responsibly with his/her financial dealings both in making the money and also in spending it all need some levels of education to succeed in them.
1 million dollars may be an abv amount and can change the financial life of anyone but only those with the knowledge of financial management can utilize that money to make something good out of it.
And that means, it is better to have financial education rather than tons of money.
Because if you don't know what you're doing such big amount will be gone later on.
And if the person is financially educated, even if he doesn't a lot of money, he can survive.
But when the person with 1M $s lost such money, he won't know what to do anymore with his life.