Wednesday, October 21, 2009

FINANCIAL EDUCATION:The missing link in our school system

Hello friends, I have come to know that there is a very vital  link that is missing in our educational system. That link is "the knowledge of how money works"- Financial Literacy. I find it very amazing that we go through school with the hope of having a better job in other to have a financially secure future yet our school system is not tailored to meet this very important need. That to me is very sad.

Financial Education is the body of knowledge to governs how money is created, managed and multiplied. It is a journey of our money works and how to go about in building an enduring financial empire, which I believe is the goal of everyone. Financial Education is financial literacy. Whether you are a multi-national business corporation,a sole proprietor or even an NGO, the need to make money to fund your projects cannot be denied. So tell me why are we not taught how to make money is schools? Why? Tell me why!

Our school systems only teaches us how to calculate "compound interests", but don't teach us how to use compound interest to create wealth through investments, our school system teaches us how to calculate "issues of shares" but do not tell us the wonderful world of investment in shares of quoted companies. Our school system teaches us about the Stock Exchange and the Stock Market but never tells us how to practically use them to create lasting wealth for our families. Friends, atimes a feel there's a hidden conspiracy to perpetuate poverty in the life of the average individual.

That Conspiracy can only be broken through "knowledge".  I have come to know that the only way to make it in life is by Self-development through seeking for knowledge through reading of books, good quality books about finance,personal development, goals and vision. You never really have a money problem, you only have a knowledge problem, you never really have a sin problem, you only have a knowledge problem. The key to killing poverty is when this subject of financial education is inculcated in our school system.

I believe in a new Nigeria, one driven by quality knowledge and very entreprising citizenry. I hereby make a case for financial education to be inculcated in our school curriculum, if really we are serious about poverty alliviation and building great and enduring wealth in our country.

We'll continue tomorow...TAKE CHARGE!

Recommended Reading: Increasing your Financial IQ, Rich Dad Poor Dad (Robert Kiyosaki),How to be a Millionaire God's Way (Dr. C. Anderson), The Parable of The Dollars (Sam Adeyemi)