Greetings, friends of Project HOPE, today I want to talk to you about a topic that seems super important to me: financial education and how, if we really applied it, we could avoid many economic problems. This is not something new, but I am increasingly realizing that many of the problems we face with money are due to not having the slightest idea how to handle it.
A while ago, I met someone who had a decent income, I would say enough to live comfortably, but he was always in financial trouble. He was one of those people who, as soon as the 15th or 30th arrives, they no longer have a cent. I got to thinking: how can someone earn so much and still be up to their necks in debt? The answer, in the end, had nothing to do with how much they earned, but with what they knew (or didn't know) about how to manage that money.
In one conversation he confessed to me that he had no idea how to budget, and, worse yet, he used credit cards as if they were extra money. If he liked something, he bought it, without thinking about the interests or whether he really needed it. And of course, then came the problems: what if he couldn't pay the car payment, what if the bank called him because he was behind on payments, and not to mention the stress that this generated.
This is where I realize how important financial education is. It's not about being a math genius or an investment expert, it's about understanding basic concepts: how much you earn, how much you spend, what you can save and, above all, how to avoid unnecessary debt.
I remember he once told me: “I never learned this, no one taught me.” And it's true, many of us were never taught about finances in school, but that doesn't mean we can't learn. Today there are tons of resources, from YouTube videos to free books and courses.
For me, one of the most important things I learned about financial education is the difference between needs and wants. Sounds basic, right? But sometimes we get carried away by impulse and spend on things we don't really need. Once you understand this, you can start making better decisions with your money.
Something else I learned and always try to apply is the famous advice of saving first and spending later. Most do the opposite: they spend first and, if there is anything left over, they save it. But that approach almost never works. If you start by setting aside a fixed percentage of your income to save, little by little you will see how this becomes a habit that will give you a lot of peace of mind.
So, friends, I think it's time to reflect on how we manage our finances. It's not about being a millionaire or having your life figured out, it's about avoiding problems that, with a little knowledge and discipline, we can prevent. Because, in the end, no matter how much you earn, if you don't know how to handle it, you will always be in trouble.
So I invite you to investigate, learn and, above all, apply financial education. It's an investment that always pays off, don't you think?
@tipu curate
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Upvoted 👌 (Mana: 2/7) Get profit votes with @tipU :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You are perfectly right. I believe our world will definitely be a better place to be if we can have more financial education mindset in the heart of people in our society as that is really necessary
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit