Increase Your Financial Education

Something is missing in this world of ours, we all grow up and are expected to go to school

, get good grades so we can get into college. All this so that we can find a job and supposedly live comfortably for the next 50 years or so. What they forget to tell us is that there is money involved and expenses to be paid. We are forced then to rely on our parents to guide us through the mess of this financial world and hope that they give us a decent foundation to work off of. Unfortunately, most of our parents are not up to the task and fail to show their children the consequences of not having a good handle on their finances.

So, Personal Finance Education is very important in planning for the future. A future, which at this point is uncertain and definitely different from what it was 10 years ago, where your college education may have been wasted and you are stuck working some service job that doesnt pay all that well. The key then is to have knowledge so that you know how to use the money that you do make to secure your future. The recommended course of action, even for low income earners is to stay out of debt. Dont buy anything that you cannot afford. If you are already in debt, get out as soon as possible. Debt is the downfall of the American people. We all owe so much money to so many people and it is killing us. The interest payments alone can be in the hundreds of dollars. So the most important thing to do is to stay debt free.

Being debt free is only the beginning, you can then begin to build up your investments and savings so that someday someone can pay you hundreds or even thousands in interest. This is not an instant process but it definitely works. Staying debt free and putting money away in ETFs or Mutual funds is a proven way to accumulate wealth. Just imagine your life without any payments and what you could do with the money that you make. If you didnt need to pay that car payment, or that credit card, or even the mortgage! All that money could then be made to work for you.

I am no guru, but I have been reading quite a bit about the ways in which money can work for you lately. All of the good information that Ive been getting starts with the foundation of being debt free, allowing yourself a little wiggle room to take risks to grow your money. With these uncertain and changing times, Education in the financial sector is a must. Everyone can be rich if they are intelligent enough and learn about the ways in which money can work for them.

by: John Kruxton

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