What do you think is MOST important for financial success…..

No, Not mindset

No, Not degrees or diplomas

I firmly believe the answer to that question is :-

FINANCIAL EDUCATION

I thought I would talk about one of the most neglected aspects in attaining success…and that is Financial Education….Not the number cruncher but just the basics…

My intentions over here is to help people understand the basic to become successfully financially free…

Financial Education for all

We talk about finance and financial matters every single minute of the day and yet we all think that finance is for others and not for me. I believe that even the 2 year old knows a lot about finance.

Now the question is HOW?

Have you not noticed that the child is leveraging almost for everything.

You give a candy the child stop’s crying, and so on.

Leverage….the most essential but the least understood of the concepts

Who is right ?

Today the concept of money has changed and it has changed drastically. There was a time when studying hard, getting good grades and eventually a good job was all there was to be content and lead a happy life. Hell…most of our parents did that and told us to do the same. But we all have to realize that our parents were telling the truth…their truth, the truth about their times. The question is that what has happened to that truth. Times change and with time the version of the truth also changes and that is called evolution.

Their version of truth relies on the fact that they all lived in an industrial age and when the Berlin wall came down and the WWW went up the age changed without most of us knowing it.

During the history of mankind humans have evolved from the stone ages to agrarian age,  and few more and finally over to the present information age. Yes friends….I know it’s a shocker for lot of you that we did not even realize when we went from industrial age to information age. This all happened not very long ago and this time we have the dates when it happened. This happened when the Berlin wall came down and the WWW went up.

Most of our parents have lived through the industrial age, where all that matters was good grades, good job, good pay, great retirement. Now how many of you have attended a retirement party?

Surely at least one..

The last two retirement parties I attended was a couple of years ago..and I want to share few things about them here.

First :- My mom’s friend was a teacher in a Govt. School in India. The day she retired there was function held at school with lot of merriment and speeches from her colleagues. After which she was escorted home by not less than 100 people in procession…. a decorated Gypsy (That’s a type of Geep / Car – for my foreign friends) and a band playing in front. Once home there was this huge gathering with lunch and many other things.

Second :- My father-in-law retired with more or less the same fan following but well we had dinner that night instead of lunch..lol.

 The big WHY

Now why do you think all this was happening. Today if I have to retire I would be more sad than happy. They were happy because now they would stop working but the Govt. will still reward them for their efforts in form of pension.

Today most of us who are working know that the concept of pension is rapidly vanishing from private sector first and now from Govt Sector as well. The Govt. jobs are now more of ad hoc basis with yearly contracts. The question is why such a sudden change…..I say because our Govt suddenly woke up from a deep sleep and realized what is happening around the globe. US is suffering from the effects of this and in near future this effect will multiply exponentially. Just imagine from the point of view of the Govt. How many people retire every day and what would be average pension and how much money the Govt.shells out every month..How long can this go on. The effects are tremendous..where is this money going to come from..our pockets in form of taxes…but well how many of us are actually paying taxes honestly to the full extent.

The retirees were happy because now they were financially free and finally they do not have to work for money. The best part of retirement is that now they can do what they want to do when they want to do. The money is there in form of pension.

The sad part is when are we going to realize that very soon we will be sitting in their chair with no backing from anyone apart from what saving we have. More on that later…

The concept of financial freedom

The concept of financial freedom is new because we are living in a new age which is in its infancy. It’s a whole new ball game.

We all went to school, we all studied more or less the same subjects.

Just consider the language English. It starts from nursery but its takes a child 5-6 years before it is understood another few years before comprehension comes in and few more years before it settles down properly but few of us still struggle  for a long time.

Money is a language….

Yes friends money is a language which if not learned in time may have drastic effects on our lives. It does take the same amount of time to learn as any other language and the earlier we start the earlier we learn the language and of we all go happily towards our own FINANCIAL FREEDOM.

Thanks for taking out the time. Hope this serves the purpose and help you all to understand and start thinking. Do let us know what you think this means to to you..

Have a great and wonderful day