Why learn personal finance

Why Financial Literacy and Education is So Important

Each one of us has a personal story filled with confusion, frustration, or intimidation when it comes to personal finance. Am I saving enough for retirement? Why is my bank account only earning 0.40% interest? Let's face it: navigating this space in today's world is more challenging than ever. Simply search #finance101 or #sidehustle on Instagram or TikTok, and you'll be bombarded with countless posts on FIRE, Crypto, ETFs, real estate, and more. Everyone claims to have the life-changing answer.

Of course there is no one-size-fits-all solution. Most of us were never taught financial literacy in school. However, by grasping a few fundamental concepts, you can steer clear of major financial pitfalls and plan for a brighter future. Establishing and following a set of straightforward money rules allows you to make informed life decisions, whether it's assessing a job offer or choosing between renting and buying a home.

I firmly believe that personal finance is 95% personal and only 5% finance. Our lives are not confined to spreadsheets, but the numbers do hold significance if we open ourselves up to truly understanding them. Start by mastering the basics, and then delve deeper into exploring your financial beliefs and behaviors. It's time to uncover the profound impact they have on your financial journey.