Manage Your Finances

“Like all learning, financial education is a process that should begin at an early age and continue throughout life. This cumulative process builds the skills necessary for making critical financial decisions that affect one’s ability to attain the assets, such as education, property, and savings, that improve economic well-being.”

– Alan Greenspan, Economist and Former Chair of the Federal Reserve of the United States

We often make a few foolish financial decisions that cost us the shame and guilt of a lifetime. Because of a lack of knowledge or over-enthusiasm, we don’t care how much money we spend to buy a share or commodity. We irrationally conclude it’s a good deal without adequately investigating the details.

In the 21st century, we’re worse than illiterates if we don’t have financial literacy. What’s the use of one’s education if she can’t manage her finances?

If your spending habits are incorrect, you’ll always live in poverty, irrespective of your income level. The finance-related problems are like sexual problems; the more we hide or ignore them, the more severe they become. It’s better to resolve these problems right at the beginning.

Please don’t say that I can’t manage my finances. I’m not good at handling money. Rectify this self-created disease from your system.

You’re working hard to earn, and if a few crooks come and take away your money by fooling you, no one is to blame except you. Invest your time learning the money-making machines and show they snatch away the cash you’ve.

Only through proper education will you be able to resolve this serious problem. Don’t call yourself literate unless you learn how to manage your finances well.

Unfortunately, our education system doesn’t think that children must be educated about finances, and the parents believe that it’s not essential to teach them anything about handling money early. Because of this failure to inform the students in schools and colleges, well-versed financial experts exploit them throughout their life.

If you’re one of those students who never heard about financial classes, please be aware of the web designed to loot your money. Almost every next person whom you meet is behind your account balance in one way or another. Remember, financial education is more important than your work expertise because if you don’t know how to manage your finances well, some crook will often leave you with economic pain, and you’ll feel robbed.

It hurts, my dear. Many of you’ve had this pain. I can feel it, but the only solution is financial education.