Why a good school and a good job is not enough in today’s world. One of the biggest things parents desire for their children is a good education. For most parents, this means an education that helps their children get a good job, save money, buy a house, and invest in a diversified portfolio of stocks, bonds, and mutual funds. The truth is that most education is designed to prepare people to live in a world that no longer exists—the industrial age where the old rules of money apply. The truth is that the world has moved on, and in the Information Age there are new rules of money that require different types of education.
#Academic education :
The truth is that while academic education is important and helps you gain the ability to read, write, and solve mathematic problems.
#Professional education :
Professional education, like academic education, is also important. It is education to earn money by being a productive member of society. For example, medical doctors go to medical school, lawyers go to law school, pilots go to flight school, chefs to go cooking school, and so on.
#Financial education :
If you are going to be successful in the real world, you and your generation will need more than just academic and professional education. Financial education is about how money works and how to make it work for you. It teaches you about debt and how to leverage it, the history of money, what a financial statement is and how to read it, the difference between an asset and liability, and so much more. But the fact remains that if you want to be rich in today’s world, you need financial education in addition to academic and professional education.
Chances are you have a great academic or professional equation, but hopefully you now understand the importance of financial education on top of that. Start building yours today.
