The one thing to resonate with me the most is "No one, in my view, solved the financial problems of consumers."
Marc is right. Financial literacy is a huge problem for a country that's supposed to be the richest in the world. How do we teach people the importance of personal finance management or change their spending habits? We teach all sorts of things in school except this.
Personally, I have been on a campaign for the last 9 months to teach people about the importance of planning, budgeting and saving. It's been difficult convincing people that they should think about their future. Even when I'm sitting down at the kitchen table face to face, it is difficult to establish the reasoning why they should care in the first place.
There are 4 types of people I encounter with the most:
1. I don't know how to take care of my finances and I don't care about my future.
2. I do know that it is important, but everything is going to be okay even I remain ignorant.
3. I don't know, but I would like to learn more, but don't know how.
4. I know some, I think I have a good idea, but still want to learn more, but don't have somebody to turn to.
The common problem between all of them:
1. Most people don't know WHY they should care about their personal finance.
2. Most people don't know where to get trust worthy information to help them or have access to professionals.
I have been trying to solve these problems with one family at a time. If you can do the same with power of reach through the internet, it would be golden.
Marc is right. Financial literacy is a huge problem for a country that's supposed to be the richest in the world. How do we teach people the importance of personal finance management or change their spending habits? We teach all sorts of things in school except this.
Personally, I have been on a campaign for the last 9 months to teach people about the importance of planning, budgeting and saving. It's been difficult convincing people that they should think about their future. Even when I'm sitting down at the kitchen table face to face, it is difficult to establish the reasoning why they should care in the first place.
There are 4 types of people I encounter with the most:
1. I don't know how to take care of my finances and I don't care about my future.
2. I do know that it is important, but everything is going to be okay even I remain ignorant.
3. I don't know, but I would like to learn more, but don't know how.
4. I know some, I think I have a good idea, but still want to learn more, but don't have somebody to turn to.
The common problem between all of them:
1. Most people don't know WHY they should care about their personal finance.
2. Most people don't know where to get trust worthy information to help them or have access to professionals.
I have been trying to solve these problems with one family at a time. If you can do the same with power of reach through the internet, it would be golden.