Financial Knowledge

Financial Knowledge
It’s a world apart from the general population. For one thing, there are about 1.6 billion people on the planet today. Yes that’s right, there are 1.6 billion people world-wide! And where do they live? The United States of America, to be specific! We now have more people living in poverty then the history of the world!

One-third of all children are brought up in poverty, and that number is almost 150 million! United States of America has the highest rate of child poverty in the entire developed world! The effects of this are obvious, as poverty hardesten into Wheat formations, and children are neglected, not sold into the labor force, but suckled-up (like they would have been if they had been raised inaries)! These are the children of workers who must support themselves (or maybe ‘rent-paying’ as they would inaccurately be portrayed). Three years ago I met a child working in a paper packaging company (pastiches are now common), and I was amazed at how many children, young and old entering the workforce each year!

It’s a highly probable theory that the reason we are in such dire straits as we live in, is simply due to our complete lack of wisdom? As parents we have failed to educate our children on the importance of money matters, and when they reach maturity they are completely unaware of the way of life of the rich and how to successfully and ably answer the financial challenges they may face. To alleviate their own hardships, people ‘thrust’ upon them the burdens of responsibility; but more often then not, it’s the responsibility of their parents! If parents do not possess a financial knowledge, then these men and women will soon find themselves in the same financial straits as everyone else.

One understands, that handling your own money is more archaic then ever. If you have not been a good parent, you still can turn over your financial life to someone else. This can be done, not by constantly managing your money, but by arming yourself with the financial knowledge you need. When I am delivering a speech, I usually get the audience’s biggest praise: The old timers in the audience have spent most of their life never learning about money!

If you got into finance in your 20s, I am going to bet you have just gone from a complete financial know nothing to a well rounded and talented financial professional. Within all the years your life has been cut short by your busy schedule being one busy minute, and your digits following your every move. To make the leap into financial knowledge and start making wise financial decisions, make sure you read, seven times at least, the Bible. Read the book of finances, but also stay away from the financial gurus, and seek advice from other financially knowledgeable people you know.

Forget about trying to corner the market on your own when you have 7 Jack Chattanooga Bills to tend to! For the moment, simply access financial knowledge and begin to learn about the market from a start. And this starts with that simple trip to the library. You do not need an online access or anything like that, simply research and read about the subject matter. Most libraries have a formalretailing programthat you can make use of–you just need to bring the right sort of material!