This video illustrates exactly why it is more crucial today than ever to increase your financial education.
No longer can anyone rely on the government or their employer to take care of them, especially when it comes to retirement. The world has changed and you must take action to learn and adapt or suffer the consequences; unfortunately there really is no longer any alternative…
Another Reason Why Financial Education is so Important, Especially Today…
Article by +Hans Schoff
+Hans Schoff has written 46 great articles in Hans Schoffs Creating Wealth & Independence Blog.
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+Hans Schoff knew from an early age that he wanted something different. At 18, upon discovery of an entirely different model based on achieving freedom (not security), he dropped out of college and started his first (home-based) business with borrowed funds (credit card) and began his study on the secrets for creating wealth. That first business expanded into a multitude of others over the years (see ABOUT page), enabling him to focus his time today on developing new assets & increasing cash flow (read: multiple streams of income) to best position himself for the many challenges we'll face in the near future. He now shares his accumulated experiences and knowledge - his secrets for creating wealth and what he's doing now - with his loyal subscribers so they too can create success to soon achieve freedom for themselves and be prepared for what lies ahead. To learn how you can discover these wealth secrets and transform your situation for a brighter future, to begin to turn your circumstances into wealth that grows and grows regardless of your background or experience or what lies ahead, simply fill in the red form down below...
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This is so heart breaking to watch! I agree with you we really do need some more financial education and stop relying on the government to support us (they can’t really support themselves let alone us so why do we put our trust in them?).
So much has changed from what everyone assumed would work, to what didn’t to attempting to find things that now might work long term. There’s been a steep learning curve and it’s really punished those that bought into a belief that was assumed by most to be correct (but sadly wasn’t). It a good thing to see more and more discussion coming up about financial responsibility and financial education even while sad that it has to come under such painful times.
Kim
Hey Kim, the writing’s been on the walls for many years now but no one wants/wanted the good times to end. It takes a crisis sometimes to get people’s attention as we’re seeing, to get people to wake up and realize that times are indeed changing and that they need to take action and make some changes themselves.
Even as more and more people are affected, people still seem for the most part to have their heads in the sand. This is of course because its SCARY to look about and realize you may be screwed. It’s crazy hard to believe how much some people have lost and when that some person is you its hard to admit that everything you’ve worked so hard for is gone. Just like that. My heart goes out to so many yet at the same time they’ve got to get into action now because its not getting better.
Kim
Depressing … and the stock market reflected just how sad this morning with the latest dip. The President is about to inspire us with a new address to the nation … we’ll see.
LOL, talk is cheap! For a while there, every time the President or Bernanke simply opened their mouths on camera the market would drop. It’s amazing how many people will simply believe whatever they are told even when it makes no sense. Financial education – the key to understanding what’s really going on!
Then we wouldn’t be in this financial mess we are in now! Most people would have never taken out mortgages they couldn’t afford and maxed out their credit cards! We need to teach our children how to SAVE money and not to measeure our worth by the amount of material we have!
It’s unfortunate however I think it’s systemic. This has been going on and people have been rewarded for it for decades – generations! Financial Education is the key, people need to understand finances, not necessarily accounting, but they need to understand basic things like assets and liabilities and income statements. That would solve a lot of the problem! But ignorance is no defense, people need to stop playing the victim role, take responsibility and take control today! Thanks for your comments. Hans Schoff recently posted..Is Kiyosaki Now Against Gold Investing And Silver Investing? Creating Wealth with Kiyosaki
This is so heart breaking to watch! I agree with you we really do need some more financial education and stop relying on the government to support us (they can’t really support themselves let alone us so why do we put our trust in them?).
Twitter: HansSchoff
replied:
Spot on Karen! I agree with you
Twitter: AskKim
So much has changed from what everyone assumed would work, to what didn’t to attempting to find things that now might work long term. There’s been a steep learning curve and it’s really punished those that bought into a belief that was assumed by most to be correct (but sadly wasn’t). It a good thing to see more and more discussion coming up about financial responsibility and financial education even while sad that it has to come under such painful times.
Kim
Twitter: HansSchoff
replied:
Hey Kim, the writing’s been on the walls for many years now but no one wants/wanted the good times to end. It takes a crisis sometimes to get people’s attention as we’re seeing, to get people to wake up and realize that times are indeed changing and that they need to take action and make some changes themselves.
Twitter: AskKim
replied:
Even as more and more people are affected, people still seem for the most part to have their heads in the sand. This is of course because its SCARY to look about and realize you may be screwed. It’s crazy hard to believe how much some people have lost and when that some person is you its hard to admit that everything you’ve worked so hard for is gone. Just like that. My heart goes out to so many yet at the same time they’ve got to get into action now because its not getting better.
Kim
Depressing … and the stock market reflected just how sad this morning with the latest dip. The President is about to inspire us with a new address to the nation … we’ll see.
Twitter: HansSchoff
replied:
LOL, talk is cheap! For a while there, every time the President or Bernanke simply opened their mouths on camera the market would drop. It’s amazing how many people will simply believe whatever they are told even when it makes no sense. Financial education – the key to understanding what’s really going on!
Then we wouldn’t be in this financial mess we are in now! Most people would have never taken out mortgages they couldn’t afford and maxed out their credit cards! We need to teach our children how to SAVE money and not to measeure our worth by the amount of material we have!
Twitter: HansSchoff
replied:
It’s unfortunate however I think it’s systemic. This has been going on and people have been rewarded for it for decades – generations! Financial Education is the key, people need to understand finances, not necessarily accounting, but they need to understand basic things like assets and liabilities and income statements. That would solve a lot of the problem! But ignorance is no defense, people need to stop playing the victim role, take responsibility and take control today! Thanks for your comments.
Hans Schoff recently posted..Is Kiyosaki Now Against Gold Investing And Silver Investing? Creating Wealth with Kiyosaki