The Importance of Financial Literacy and Self Education

Financial literacy is the biggest issue between the elite and those who make no money. It is likened to a language that only the elite understand. Just like Latin was once the language of the elite before the peasants could read the Bible, finance has become the language of the elite today. Most people are financially illiterate and this lack of literacy puts them at a disadvantage. Financial literacy is crucial because without it, anyone can take advantage of you. Lawyers and tax attorneys are needed because most people don't know the law or tax. While it may not be necessary to know everything, having a basic understanding of finance is important to avoid being manipulated. Unfortunately, financial literacy is not taught in school, leaving individuals to fend for themselves. Self-education is the solution to this problem. It is important to read books and study topics of interest rather than relying solely on YouTube or TikTok for information. Traditional education is often seen as indoctrination rather than self-education. Many people grow up believing they are not good at certain subjects, which hinders their ability to develop foundational skills. Without a strong foundation, sustainable success is difficult to achieve.