Personal Finance: Why You're An Awful Finance Creator.

in Hive Learners2 years ago

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Anything that has to do with money needs to come with experience. One of the hardest things in life is teaching people how to handle money. I've seen a lot of personal finance posts on hive and they're more like set of rules and principles only meant to be written content but never applicable to real life.

This isn't to say the writers aren't good creators, the problem is just that they're underestimating personal finance as a niche, they see it more like a means to earn money for themselves, rather than a niche that's meant to truly educate, inform and most importantly entertain their audience. Now, this isn't just selfless, it creates a sequence of communication.

A Niche, Money, Or A Story?

What's The Impact?

The reason why it's called personal finance is that it deals with using one's true personal finance stories to impact vital finance knowledge that deals with the human experience. Being such an author requires finesse, and sometimes people don't grow their ability to teach their audience and this is because it's majorly a means to earn for them and nothing else.

When I was younger, I learned the ability to teach by attaching images and similar case scenarios to my case study which created an understandable lesson behind everything I taught. Being younger, I realized that everyone in life is a teacher and what differentiates us isn't age, money, or degree, it's theoretical and practical knowledge as well as a wide range of experience that acts as a cache when we want to impact any knowledge into anyone.


Knowledge & Interpretation: A Way To Content?

Now knowledge has a way of being interpreted differently especially if it isn't colorful. One of the reasons why people would rather watch YouTube videos rather than read a book of that form is because watching a video would relatable to a picturesque feeling would impact knowledge rather differently.

How come?

One of the lessons I learned when I was a teacher is that, no matter how knowledgeable you are, you might be a poor teacher and never impact anyone, this means that transferring knowledge from one person to another person is the main job of a teacher and not the knowledge within them, because what's the essence of being tasked with transferring knowledge and you can only boast of what you know but not what others have been able to know through you?


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Learning As A Translational Process

I wasn't the best of teachers, but as a 17-year-old, I taught people who were already in their 30s, I gave them knowledge, based on money experiences, teaching them the consequences or rewards that come with making choices, and funny enough, these people related to me when they had important decisions to make. It was a symbiotic process because I got to learn from them and this is the essence of knowledge.

No matter who the impacter is, if knowledge isn't flowing in a ventilational form, then the process of learning is stunted, this means that no matter who is teaching, everyone has to be directly or indirectly learning. Unless you can create vivid or picturesque imaginations in firstly an enjoyable way, then it's difficult to write personal finance.


Why Your "Niching" Style Is Wack

A lot of writers write as if they're teaching economics. They talk about issues as if they were principles rather than talking about the grey areas that are not straightforward. For example, I've seen people write about how to save on hive and it is absolutely colorless, drab, and mundane, they concentrate on how you should successfully become a good saver, but hardly appeal to the human experience because they're not using imaginative tools to create an experience that will better impact knowledge.

We have to understand that when we're not learning from teaching, it's difficult to become a better teacher or a better creator. This is because the world is changing, and the learning culture has to change too. One is the most substantial things to learn in life is money, sometimes, if we choose to educate people about money, we must have to colorful and clinical in doing so.




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I was once a teacher too but not as young as you when I taught.

I agree, the methods on imparting the knowledge is very important - we may make a difficult subject matter easy to grasp or an easy subject matter hard to grasp.

I am trying to achieve the same thing as a content creator but it seems I am having difficulty in wording my thoughts. I am guessing the major cause of this is that I was too specialized in technical subjects. 😁 I would gladly appreciate it if you can give a feedback on how can I further improve my content creation. 😊

!1UP

 2 years ago  

The best ways to actually become better at content creating is being intentional at getting exposure. You have to intentionally expose yourself to other contents, read, digest and try to create contents on subjects that sorrounds you. Being a technical based niche kind of person makes it very difficult. But everyone individually comes up with something eventually.

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You have to intentionally expose yourself to other contents, read, digest and try to create contents on subjects that sorrounds you.

I think I am doing this but not really sure if it's the best strategy. I am currently focused on personal finance as it is where my current curiosity and interest is. Thank you for confirming and reinforcing it. 😍

True, a teacher should aim to transfer usable knowledge and not just share a list of how much they know. Perhaps most content writers opt to play it safe thinking their personal experience is not a one-size-fits-all and end up with a fuzzy picture trying to just share basic rules and principles.

One of the reasons why people would rather watch YouTube videos rather than read a book of that form is because watching a video would relatable to a picturesque feeling would impact knowledge rather differently.

People prefer to watch videos over reading a book because YouTubers will fill them with "how" knowledge which is what most people want to hear. Admittedly, I'm guilty of that too, we want to find quicker practical ways to get us where someone is now financially and most finance books I have read have sets of rules. The practical knowledge one gets from youtube is very appealing but relative too if one is to extract from it to develop personal finance. It can be tricky if one doesn't have an understanding of why it worked which most financial books aim to establish first by setting up basic financial principles.

Those principles are not just mere sets of rules, they're mostly s consolidation of different human experiences but it can be overwhelming to the reader to read a whole chapter reflecting on inflation and scenarios while the book title was selling you how to invest. What we turn to miss in those books is the opportunity to explore different financial scenarios and how to incorporate things that are outside our control such as inflation to fit our day-to-day financial choices. A picturesque youtube video may miss out on this knowledge.

Most personal financial lessons we can only learn through doing and experiencing and one may stand a better chance to customise what works for them if they have an understanding of why financial rules were set and when to apply them relative to our financial needs. I guess this is the part where indeed a great teacher is needed to translate financial principles into a language or scenario people can understand and relate to.

 2 years ago  

Perhaps most content writers opt to play it safe thinking their personal experience is not a one-size-fits-all and end up with a fuzzy picture trying to just share basic rules and principles.

This is absolutely true, however, the most usable knowledge are the knowledge we find very common, however, not having them at all can be detrimental to our learning process. I think I learnt from some of the most ordinary things of life and we cannot completely sell knowledge in a raw form because people have different mental capacities and I guess from a teacher's in perspective, this feels relatable. So if knowledge is not relevant I don't consider it's Importance. So knowledge to me is important based on the impact and usability and not some old principles. Knowledge becomes obsolete with time and hence we have to replace them. However the varoius experiences we have is evergreen and inasmuch it might not feel special to us, there are people who would want to learn from them.

Thanks for the amazing comment

 2 years ago  

Oh you were a teacher? That explains your style of writing. You connect with your reader so much that they always come back for more. I appreciate the knowledge you dish out all the time.

I agree that a lot of persons just write and it seems more theoretical. I think when we write from our experience it makes it better to connect with others. For instance, if you say spend only what you need, you should help us with what a need is and also explain that sometimes life do not go exactly the way we plan. So we may end up spending sometimes on frivolities. That's okay because in the natural sense, that's what happens almost all of the time.

I think appealing to our conscience works here. Let's be practical sometimes in our writing.

Thanks for this writeup. You have done it again sir😂

 2 years ago  

Yes, I think knowledge should be practical, impacting it should involve real-world situations and this is mostly why Nigerian higher institutions are hardly making any headway because of their pathetic style of education and impacting knowledge. I think sometimes we underestimate how far our personal stories can sell our contents, this is one of the reasons why we should never isolate our experiences from the knowledge we're trying to impact.

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 2 years ago  

Thanks for coming through. I appreciate

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It's tough to really teach people and you have to think about what people can misinterpret. I don't really think it's the way for me and that is why I prefer not to do anything like that. In the case of a tutorial, I think something like screenshots and steps would be enough.

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 2 years ago  

It's generally hard even because it's money, it becomes way harder. Well, you're right, in the case of a tutorial, things like screenshots would make a lot of sense.

 2 years ago  

Teaching seems easy on paper but very difficult in reality, to impart knowledge is just too easy for some but some people must work hard for it by learning or through experience.

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 2 years ago  

Impacting knowledge is difficult like you've implied, sometimes it depends on the parties individually, sometimes it's just depends on the knowledge itself, but I believe knowledge should be relatable and allusional if it's going to be easier to be impacted.

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I do agree with you on this, it would be great to write about how to save for example if, let's say am an expert on Economics but just a regular person trying to up my financial literacy, I prefer staying away from creating content outlining obvious ways of doing things, I am not good at that and I wouldn't.
I agree with you on this lol, just don't know if am making sense.

I think it is also relatable to the topic we had on our podcast the other day; content creating on Hive.

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 2 years ago  

Yes it's relatable to what as spoke about the other day on our podcast, I think even an expert cannot exactly teach people how to save if they're not giving them real-life instances that could be more relatable. It's shitty when people just write bullet points thinking it's easy.

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 2 years ago  

its true, when you call yourself a teacher and people you are teaching arent getting anything from it, then that one is just a figure head , you are not impacting anything , it will just be like you are shouting or making noise

 2 years ago  

I think content creating is just like teaching as well, the only difference is that there are people who don't aim for this aspect other than to create a presence which might not turn out really well.

 2 years ago  

hmmm, thats true. i guess you are right.

I would agree with you to a certain extend cause PEOPLE just assume things a lot of things about money off course that tool is one so powerful and depends from what angle they are writing from... what economy, and what personal experience that had had with managing finance

But as you rightly said there is more to why it is term personal finance which means it ought to be personally development on how to go about your own financing and managing it inflow and outflow,and that's why I would slightly disagree cause I see it when reading other blogs on finance as a tip,an opinion,more like an advice off course no body will compel you to apply their own principles as to manage money but to see it from their perspectives and most times they could also relate real life experience about how it works and you could follow suit then it is possible to obtain similar result

But you're a prolific writer on personal finance and that's why I choose to go thru every point you made out cause I know it's not just made on random suggestions. But carefully written to outline it's true message

Very interesting, I felt like you were speaking directly to me in this post. And the reason is that I am still trying to learn a lot, so I'll own up to my emotion and how I feel.

I want to learn more about money but I hardly had time to finish up a book I started but will have to try. Do you think financial advice on Hive from role model creative is good enough?

Also congratulations on your reputation. We the Nigerians ought to celebrate your promotion. You are the hardest worker among us.

 2 years ago  

Teacher Josedicus. At least now I understand why you write the way you do sometimes. As usual, this is quite enlightening especially the part where you mentioned people who write articles with a set of rules that are unrealistic and inapplicable. I taught in the past and I know that there's a lot more to teaching than just standing in front of a class to speak.

 2 years ago  

I taught in the past

Oh, then this should purely be applicable as well. Well teaching runs even deeper and due to the sophistication on the internet, it's possible to teach remotely, but the principles really don't change as well. If teaching becomes unrealistic, you have poor and uninformed students who only know what they know on a paper.

Thanks for coming through 🤑🤑

 2 years ago  

Absolutely. And, you're welcome.

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