The Importance of Financial Education and Why Most Americans Fail Without It
Have you ever wondered why most people that win the lottery end up going bankrupt or simply ended up right back where they started? Broke...
I'm talking about average people that win millions of dollars.
The kind of money you and I can only dream of winning.
Most people reading this article would say to themselves "If I won that kind of money I would never let that happen to me.
" The truth is if you don't have the mindset of a millionaire, regardless of how much money you win or inherit (even if it were millions) chances are you will lose that money within 6-12 months or a few years if you are lucky.
Unless you have the right education, and condition your mind to do, act, walk, and talk like a millionaire.
Now this is not an easy transition, if it were easy everyone would be wealthy.
You see the reason why the average household debt in America is over $25,000 and why people are watching their retirement accounts melt away like a Popsicle in the Sahara Desert is because of a lack of financial education, or simply listening to wrong advice from their peers.
We are currently in the largest Real Estate and American auto industry crisis our country has ever witnessed.
And our economy as a whole hasn't been this bad since the Great Depression.
Now a lot of this has to do with corruption in "Corporate America" and other elements that are out of our control.
However; we can control our desire and ability to further our financial education and learn strategies on how to make sound investment decisions.
Learn how to build wealth, and know what to do with it once we attain it.
If the majority of America had access to this kind of knowledge we would not be this deep in a recession.
Learning to budget and save for a rainy day is also something we struggle with.
We live in a society where people can't wait to have things they want or desire, they dwell on instant gratification.
It's quite different from how people lived in the early 1900's.
Our grandparents and great grandparents lived within their means, if they wanted something they worked hard to get it, no matter how long it took.
There was no such thing as credit back then.
I bet you had at least one grandparent who always stressed on the importance of saving your money.
The bottom line is Americans need to be more interested in their financial education and less interested in updating their top eight on MySpace.
It could really make a difference on whether or not you have to face the biggest fear in America, "to outlive ones financial resources.
" There are simple ways to get this education and mindset without it taking 4-8 years and tens of thousands of dollars to get.
I'm talking about average people that win millions of dollars.
The kind of money you and I can only dream of winning.
Most people reading this article would say to themselves "If I won that kind of money I would never let that happen to me.
" The truth is if you don't have the mindset of a millionaire, regardless of how much money you win or inherit (even if it were millions) chances are you will lose that money within 6-12 months or a few years if you are lucky.
Unless you have the right education, and condition your mind to do, act, walk, and talk like a millionaire.
Now this is not an easy transition, if it were easy everyone would be wealthy.
You see the reason why the average household debt in America is over $25,000 and why people are watching their retirement accounts melt away like a Popsicle in the Sahara Desert is because of a lack of financial education, or simply listening to wrong advice from their peers.
We are currently in the largest Real Estate and American auto industry crisis our country has ever witnessed.
And our economy as a whole hasn't been this bad since the Great Depression.
Now a lot of this has to do with corruption in "Corporate America" and other elements that are out of our control.
However; we can control our desire and ability to further our financial education and learn strategies on how to make sound investment decisions.
Learn how to build wealth, and know what to do with it once we attain it.
If the majority of America had access to this kind of knowledge we would not be this deep in a recession.
Learning to budget and save for a rainy day is also something we struggle with.
We live in a society where people can't wait to have things they want or desire, they dwell on instant gratification.
It's quite different from how people lived in the early 1900's.
Our grandparents and great grandparents lived within their means, if they wanted something they worked hard to get it, no matter how long it took.
There was no such thing as credit back then.
I bet you had at least one grandparent who always stressed on the importance of saving your money.
The bottom line is Americans need to be more interested in their financial education and less interested in updating their top eight on MySpace.
It could really make a difference on whether or not you have to face the biggest fear in America, "to outlive ones financial resources.
" There are simple ways to get this education and mindset without it taking 4-8 years and tens of thousands of dollars to get.
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