Recently, and even in the not so far past, the world has been going through an economic crisis and consumers have been adversely affected financially because of the volatile and unstable economy. One cannot help but wonder what will be a sustainable way to avert and to save humanity from the constant threat of economic collapse and the world economy from constant upheavals and upsets. If you are not a wealthy person and depend on a monthly salary, it has become difficult to escape this scenario. As an individual, you are highly dependent on your monthly income to make it through the month, the income that will devalue because of inflation and the hike in interest rates due to the poor economy.
The best is to look to the people who have made it without having to live from pay check to pay check and ask yourself how they managed to make more money throughout the ever increasing global economic crisis.
In an interview with Robert Kiyosaki, (available on Business Pulse), he explains that the basic and the most important form of “defending” yourself against an economic crisis is to equip yourself as an individual with essential financial education. If you want to thrive in today’s economy, you must challenge the status quo and equip yourself with the knowledge necessary to succeed.
In most countries where education is politicized, it is very difficult to give the ordinary people a choice of a quality education because the government of the day decides on the quality and standard of education provided. Education could be the most likely weapon for politicians to prevent citizens from questioning the current corruptible economic practices. One can only conclude this to be the reason why the governments are not prioritizing financial education at schools and at higher education institutes.
If businesses and individuals are to succeed into gaining financial education, more must be learned about what the financial education needs are at various stages. Delivering this skill and education is also a very important factor. In the interim the best solution would be for the youth and other business people to be encouraged to self-educate themselves and to find resources that facilitate the thought process of financial education.
Online information resources are easily accessible, and with the digital evolution, these resources are easily accessible. In an instance where one is able tom this is where websites like www.businesspulse.tv will play a pivotal role, as both business and individuals can access financial and business knowledge and interact simultaneously. Online self-study is also easily accessible and efficient for people who have limited time to spend in the training rooms to obtain further financial education. With online studies being easily accessible and with this,there is no limit to the the knowledge one can obtain conveniently without any location restrictions.
The business institutions should task themselves in providing financial education, not only to their clients but also to their own staff. This can be done by making the services of professional financial advisers who are trained to give accredited and proper financial advice to businesses and individuals. There is a great need for many people to be financially literate. Businesses and individuals need to make sure that they get financial literacy so we achieve a generation of individuals who are economically savvy and are better equipped in dealing with any economic crisis that might occur.