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One of the most fundamental questions that people ask, why financial literacy?
Let me explain it to you in simple words, one that doesn’t confuse you:
There are two aspects of life that affect you whether or not you choose to ignore it, that is: health and money. Health is something that has always mattered whether or not you are a doctor, nurse or surgeon. Just like eating and exercising is what keeps you alive, learning about financial literacy and applying them in your financial life is what keeps you strong, regardless of the career path you chose or your pay every month.
Now, one thing you need to understand is that financial literacy can’t be learnt in a few months. It will take years to master it. Unlike other subjects like science or history which can be learnt with textbooks and memorization, financial literacy can only be learnt through experiences and relentless practice.
Some of the biggest business owners, entrepreneurs and investors still make mistakes to this day, and that is normal. Honestly, small mistakes are appreciated and there is nothing wrong with it – they are actually useful as you are still figuring things out and learn from them before big decisions come along the way.
So where do you start? The answer is simple. In order to be successful in your financial life: learn about money, how to manage it and how to increase/grow it. So even if you want to experiment with money, you won’t be completely helpless and lose it all (many people have done that).