Wednesday, 11 May 2011

Why Financial Education???

A person to progress in life ought to have a goal. To achieve that goal you should have a strategy and you can’t strategize unless you have money. Money is the major issue for everyone and good financial habits are essential to achieving your desired goals .The life blood of every venture in its financial resources. A person must know to manage and allocate resources in order to ensure long term financial stability. The economists have opined that India is going to become one of the leaders of global economy. The achievement of this growth is not possible unless and until there is appropriate education and training in the finance planning and business management. Finance is a huge sector with many opportunities. Jobs in finance get you closer to where money is. The field is large encompassing commercial banks, investment bank, asset manager, financial planners, hedge funds, money managers so on.
In the words of Robert Kiyosaki, Academic qualifications are important and so is financial education. They're both important and schools are forgetting one of them.
Financial education should be an important aspect of education for all adults; however, most schools do not spend a great deal of time on financial education and other life skills, which are often assumed to be learned in the home and to be the prerogative of parents. A solid financial education is important not only for individuals but for society as a whole.
Financial planning is an attractive emerging career option in the year to come. Taking a commercial business as the most common organizational structure, the key objectives of financial management would be to create wealth for the business to generate cash and/or provide an adequate return on investment bearing in mind risks that a business is taking and the resources invested the great aim of education is not knowledge but action
Finance is the most important aspects of business management and includes decision related to the use and acquisition of funds for the enterprise. The field of finance deals with concepts of time, money, risk and how they are interrelated. It also deals with how money is spent and budgeted.
Having a proper financial education thus becomes imperative in ones life. Everyone, somewhere, someday have to face some difficult financial situation that requires time and money. That’s when the good understanding of the cash inflows and outflows will help make the tough situation stress free.
Finance is such a thing which it can't be substituted by anything, so make sure you use your finances in the proper order, so that you can secure your future.

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