Look back on your education from K-12th grade.
Do you remember ever learning anything regarding saving, investing, or building your credit score?
When I look back on my education, the only personal finance related topic I remember learning was in Mrs. Brown’s 8th grade English class where she taught us how to write a check.
She pulled up the projector, wrote on a fake check, then gave us the opportunity to do the same.
Props to Mrs. Brown for this (she was one of my favorite teachers back then), but I can’t remember the last time I used a checkbook due to the rise of digital payment platforms like Zelle or Venmo.
Checkbooks becoming obsolete is not the point though.
It’s that you and I barely learned anything regarding personal finance and adulting in school.
The education system in this country does not prioritize teaching students about topics that will help them build wealth and achieve financial security.
Now, as an adult trying to navigate life, you have to ask yourself: Why did I not learn about personal finance in school?
The simple answer is this. . . becoming financially literate will set you free.
But the system wants you to stay trapped, uneducated, and misinformed, because if everyone learned how to save, invest, and manage their money:
Pay-day lenders would go out of business.
Banks would lose revenue from less overdrafts fees and credit card users who only pay the minimum each month.
College would become more accessible to those who have been historically underrepresented
And so many more outcomes that the system cannot afford.
But you, your family, and community deserve to be free from the shackles of the system.
Financial knowledge translates to that freedom. Being educated and knowledgeable about money empowers you to build a dignified life where money can work for you, not against you.
Yes – money can work for you instead of you having to break your back every week for money.
It sounds easier said than done, but there are plenty of people that have figured this out and have built systems that allow their money to compound and grow over time.
They have implemented strategies that are not taught in schools, or that we typically learn from our parents.
You can also learn these strategies, foundations and knowledge to build wealth because… well why wouldn’t you?
Nobody should have to live paycheck to paycheck with a poor quality of life that provides minimal to no satisfaction.
It’s never too late to become financially literate. Yes, that includes you or your parents even if they’re on the verge of retirement.
The odds are stacked against us, but only if we allow them to be.
I started my personal finance journey during the pandemic and I’m still learning more to this day.
Thanks for joining me on this journey. I’m excited to keep sharing more.
Most importantly, I’m excited to grow alongside with you and empower our communities to take control of their life and attain financial freedom while building an improved quality of life.
If you haven’t checked out my free ‘Guide for Investing your First $100,’ you can find it in the link HERE.
Much love,
Leo