Financial Education: A Continuous Curve?

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(Edited)

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Financial education is a process; an endless learning curve with many twists, and this is because of the differences in our income, mode of earning, places of origin, and economic ideologies.

Some people's monetary ideologies are based on their experience and exposure, but one thing with experience is that one financial experience isn't relatable to every financial issue in life.

For example, a person who is a business tycoon might struggle when they're presented with an issue of scarcity or find it difficult to be productive in an unfavorable economic condition. It might be that their expertise or experience is all about having money to make more money.


Productivity: A Two-Way Thing?

Now some people know how to be productive with little resources, because of their ability to manage money, however, if they're given enough money to perform on the big stage they might just fail.

This is because financial education is vast, handling money is more difficult than making it and this is because most of the choices that render people rich or broke aren't in career choices or where to work, it's in how they make choices and decisions pertaining this money that's even more difficult.

For example, a person might know how to be prudent, but they're inept when it comes to money, this is because Financial education is interwoven, a person who makes good money might need investment exposures to put their money to good use and if they don't, they might just suffer the consequences.


Unforeseen circumstances: The Inevitable

In life, it's not enough to just know how to save or how to make money alone, this is because our default financial environment is an aspect of our lives that we need to be cognizant of.

For example, I spent almost everything I have trying to bury my mother, and the reason for this cost was that I had to succumb to traditional demands.

While my personal finance goals do not permit excessive and unnecessary spending, the environment or circumstance seems to have overruled the principles which I set in play before now. This is another aspect of financial education. You see, we cannot know it all.


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Crypto & Real-time: The Difference

Crypto exposure has become one of the biggest financial education for many and this is because it involves predictions, permutations, and being precise with timing, however, we cannot use this education and exposure to deal with real-life financial issues.

This is because the two are in different leagues, while there might be a little semblance, there's the need to create a huge differentiation.

In reality, there are times we've found ourselves messing up big time and going contrary to our financial principles, lowering our guards down to take care of a situation. But, because we're humans.

We cannot deride our mistakes and weaknesses because since we can plan well and put things in motion, we still have to condone unforeseen circumstances which can take away our emergency funds or even put us in positions where we might need to begin from ground zero again.


Learning Continuosly: An Unending Journey

In reality, no matter how much we've learned, we'd still make mistakes when it comes to spending money while this is a bummer, it's how it is. This means that our lives will be full of financial mistakes especially when we bear regrets about how much we could have turned out better.

In life, no one is ever satisfied with their financial standing, unless you're Jeff Bezos. So we're quick to point out our failures and mistakes, maybe a missed business opportunity or a coin we didn't buy in early or a project we didn't participate in.

At the of the day, we'll miss some, lose some and gain some even if we understand that the learning curve is a continuous process.




Interested in some more of my works?


Keying Into Sophistication & Exposure To Forestall Economic Revolution
Money: The Learning Curve & Translational Process
What Makes A Job Opportunity Lucrative?
Shopping Online & The Illusion Of Buying Cheap Things
The Humanistic Approach Towards Scarcity & Competition
Spending & Accumulating: The Low & High Point Of The Crypto Seasons.

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25 comments
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Financial education is truly broad. Honestly, I feel it should be incorporated into basic education like English and Mathematics. It's just too much to be left out to time and experiences as is currently the case.

Young people need as much guidance as they could get, and parents are not always the best at providing the needed financial education. They usually have too much regrets most times that makes them not so much a good example. But still, an example is an example, and could serve as financial education.

In the end, I feel we have way more persons who need financial education that those who don't!

Nice content as usual!

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Well, even if it was incorporated into Nigerian schools, I still feel like these teachers will need more experience than contemporary knowledge to teach it. I have made a dozens of mistakes lately even if I pride myself to be financially educated. But then, it made me realize it's more of a journey rather than a destination.

In the end, I feel we have way more persons who need financial education that those who don't!

You're right about this, thanks for dropping by.

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Rightly so! A never-ending journey.

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Yes, anyway, we might all be speculators, as the future might not be what we think it is.

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We just can not know it all can we? Your mom's burial have sure made you spend beyond the target range you would normally spend which then gets you putting your spending limit aside to spend on something very important.

Learning from such experience going forward what can we do to be prepared for such days? Perhaps a bigger wallet of emergency funds or even an asset generating income mainly for emergency funds?

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Learning from such experience going forward what can we do to be prepared for such days? Perhaps a bigger wallet of emergency funds or even an asset generating income mainly for emergency funds?

I'm currently making a lot of plans but then, everything seems foggy, the challenges are huge and sometimes it threatens even more.
I've never been this broke as a result of unforeseen expenditures, I'm always disciplined to that extent, but then, death is a cost we cannot finishing paying, hence, it took me unaware. We live, we learn we Inevitably grow.

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Looking back this time last year was the worst period of my life being broke finally to the lowest. I eventually had to power down some Hive and spend some second layer tokens.
I look back now with a smile 🙂 but it was far from smile last year.

Times like this makes us wiser and stronger.

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I remember that period, it was difficult for you, at one point in time, during these last few weeks, I began to regret some of the choices I've made, but then, it's what it is, tomorrow would be better.

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Unexpected things happen and the best we can do is learn from it and move on. I just feel that there are too many people who don't learn from it and keep repeating the same mistakes. I'd prefer to just have enough to go through life without any issues. I don't need as much money as Bezos.

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Well, learning in itself is a capacity that not everyone is capable of mustering and this is why so many would choose to repeat that same mistake over again. As for unexpectations, it's one aspect of reality that we will have to live with at all point in time.

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Financial Education hmmmmm

Financial education is a process; an endless learning curve with many twists, and this is because of the differences in our income, mode of earning, places of origin, and economic ideologies.

It gladdens my heart to see youths going this way. Trying to buy one course or another building themselves and at the time enriching their surroundings. But I don’t think all the youths are educated on ways to be financially free.

The society should also help out by holding more seminars.
Secondary schools should institute more trade classes.
The government should also try to support NGOs.

To the rest youths, buy courses, make your research and teach others on how to also.

All these and more can help educate youth and adults at large on things out there that help bring back our economy

Lovely post though 🥰🥰🥰🥰

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Some youths are more focused on getting rich, the influence of yahoo and ostentatious life on the internet is what most youth are after. Although, I won't argue that there are lots who are making brilliant efforts to understand what they'll need to do. But the whole economic environment of Nigeria is a psychological downer.
While the government plays a huge role in contributing to this, I won't attribute 100% of everything to it.
Personally, how to use money, multiply it or put it to better usage should be taught in schools because it's absolutely important, all in all, the efforts is now solely ours since we don't have a responsible government

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Yes schools should also educate.
What my friends and I are currently doing here on campus is war against cyber crime.

War in the sense that when we see a friend of ours that is being drawn in, we do everything within our power to influence them into something different. My friend is a web developer and currently taking like 7 guys classes for free. As for me, I teach crypto trading to students and how to be an affiliate marketer. This way, we help them see alternatives in sourcing for income and it’s our way of giving back to the public.

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Nobody is perfect and it is normal to make mistakes and sometimes on things we have mastered and know a lot about. Making money is different but to manage it is always difficult and most times is what separates us from success

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Making money is a different ball game like you've mentioned, managing it is another aspect of personal finance. The level of knowledge we'd need is enormous and that's why I think this game of personal finance is more of a process. Thanks for coming through.

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Cryptocurrency is bringing everyone into the world of finance, especially DeFi.

People will have to learn some of the basics if they want to get ahead. The opportunity is before them.

It is why Leofinance is vital.

Links from LeoGlossary

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I was glad you spoke about learning, because it's Unending and it systematically pays off with time, there's no exceptions at all and not even with Crypto. I've learnt 80% of the financial knowledge I have from the exposure to crypto. I hope to learn more with time.

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Yea, learning is an unending journey, we just keep learning as far as the field of crypto is concerned.

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Not to mention how much the world of finance (and tech) is changing right in front of our eyes.

What I learned in school barely a few years ago is all but redundant already.

The responsibility is on us to take the initiative and always be learning and adapting to the real world.

Just being here and interacting with the community is a great way to go about staying up to date.

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Just being here and interacting with the community is a great way to go about staying up to date.

This is true, I once made mention of the fact that I learnt a lot of what I know by showing up here. Because the world is changing the knowledge we require is constantly changing as well. Because of these constant changes, we need to keep up with these trends and time, but opening ourselves to new ideas and systemic growth. What we mostly learned in school will not transcend with time, this is the sad story. Thanks for coming through.

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Great Post!

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