Financial education or financial ability, is the set of skills and knowledge that allow an individual to make informed decisions about all their financial resources. In a few words it is the financial knowledge that allows us to obtain money, manage it and invest it efficiently.
Money has its own language and it is very important to understand this broad economic language, since every day you make financial decisions and such decisions will be reflected in your bank account. Learning or not financial education makes you responsible for your own money and the money that others have lent you.
"The lack of financial education occasion that people do nonsense or be guided by incompetents." Robert Kiyosaki
It is your choice to learn to improve your finances or follow the financial pattern that your parents taught you. The goal of financial education is to generate, manage and preserve your own wealth.
All learning starts from the inside out, so it is important to know our own beliefs, habits and values that we have in relation to money. The Mind is our first asset therefore we must reprogram our thoughts so that our beliefs, habits and values are in harmony with our vision of wealth.
Have a moment to alone to recognize your financial pattern, this will give you an indication of whether you are a conservative or wasteful person, saver or impulsive buyer, generous or stingy, prosperous or indebted, among others. This financial pattern assimilated you from your father, mother, grandparents, uncles, friends or a combination of several of them. Recognizing this pattern gives us the necessary feedback because we act in a certain way with money and what actions we must take to change and improve by a much more prosperous financial pattern.
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