Post
Topic
Board Economics
Re: The Role of Education in Financial Literacy
by
Mame89
on 28/12/2023, 08:05:38 UTC
Knowledge is the basic thing that we must learn and from knowledge will open the gates to a successful life in the future, including knowledge in matters that are closely related to economics and finance.
If we already understand that then without us realizing that we have opened the gate to success. You are right when talking about athletes who go bankrupt after they retire, it's because they can't take advantage of their prime in terms of finance or in other words they don't think about the future. Actually there are many factors that cause that, it could be because they don't care about the future or they really don't understand or don't have knowledge about the principles in maintaining the financial situation in their lives.
When they don't master good financial knowledge. Never mind an athlete going bankrupt after retirement, even the children of rich people will go bankrupt if their family dies. What is certain is that a person's poverty can occur due to financial mistakes they have made in the past. And it turns out that mistakes in financial management occur, not only limited to the younger generation but all age groups. So it is important for us to be able to learn about financial mistakes so that financial mistakes in various age groups can occur in the future.

My failure was that when I went to college, I didn't prepare myself to live independently, and thought that if I went to college then I could get a high salary. However, theory and practice in the field are very different. Then I realized that education was necessary and what was more important was to practice it from now on.