11 – 09 – 2024
Financial Literacy or more commonly Financial Education, is a subject that for many years I never gave the slightest importance to. For me, the important thing was to create sources of income and the more you earn, the better. I never questioned myself or asked if I would miss it!….
Well, after several years of making the same mistakes, I understood that it is more important to know how much and where I spend my money than how much I earn!!
Q When the question of people saving comes up, I know that many people will say, I already earn so little that I can’t save anything. ….Now I ask, if for some reason you have a drop in your income or the Employer tells us that they are going to cut salaries, reduce working hours or take away some benefits?Benefits that pay, what will you do if your financial income reduces !?
Well, many of us will probably have to readjust our lives, go to restaurants less, buy a cheaper car, buy fewer clothes or shoes, and so on…
So if we can do it when we lose sources of income or the amount we receive monthly is reduced, why when the subject of savings is brought up do they sometimes say they can’t save?
I know why we can’t save, simply because over time we increase our earnings.we are also increasing our cost of living…
One day, as funny as it may seem, my Bank Account Manager gave me a tip… In order for you to create a way to save, you have to make a savings account in which when your salary is deposited into your account, you can pay it back. This amount automatically goes into savings, and why is this important when we don’t have any Financial Literacy?
Well, what happens is that sometimes we spend money because we simply see something that we like and we see an extra amount in the account that has not yet been spent, and our Brain is automatically activated and There we go spending the money, and sometimes, and I repeat this has happened to me, so I speak from experience, and after some time, sometimes just 15 minutes…
After that, factors were automatically activated in my brain that led me to seek knowledge about Financial Education, and not only !!
Overall, we have to understand that in everything in life We cannot forget that when we provide any value to society, how can we obtain profits? And I will now explain this point that nature itself teaches us,,so let’s see I have a small garden, and what I learned in this small garden is that I will only harvest something if I sow the seeds, and yes, after a seed I will harvest several fruits and more. Seeds… Now I will either plant the seed on the Earth or I will reap the Fruits, and then I will Save some Seeds to Sow Next Year, right? So why don’t I do this in my own Life and Save some “SEEDS = MONEY” for the next years….
This was just to demonstrate how the Universe works, I made the analogy of Seeds!
And then I could use other more complex examples, such as emigrants who come every day to countries where they will be supported by subsidies, and I say this as an example of what is happening.in Germany, which is the country I live in at the moment, and the Uncontrolled Entry of People who come in search of Work or many other cases that I know of who only live off subsidies and support from German State, conclusion does not provide any kind of value to the Country and receives money that did nothing for it, and this led to Germany, The Largest Economy in the Eurozone is in Economic Recession!
And don’t think that I’m against Emigrants, quite the opposite, I’m an Emigrant, but I’m an Emigrant who came to work, pay taxes, for example, to enjoy Medical Services, and everything else inherent to what I will be able to enjoy like any common citizen who pays his taxes, and his obligations, will in the same way have his rights!!!
Once again there is the Law of Return, Giving and Receiving, it all comes down to this!
I would have many more subjects here to demonstrate the Importance of having a little Financial Education, and this is available to any of us through the Internet that any of us can Easily access through any electronic device!!!
To try to demonstrate that anyone can make or change their life, for that we will have to change the mental paradigms, a very clear example and you can search on the Internet about the Billionaire Warren Buffet, which I’m not sure about, but he still goes to McDrive this morning to buy a hamburger and a coke, depending on the stock market variations he chooses ,and that’s what he still does today, even though he’s a billionaire. He drives an ordinary car and lives in a nice house, but not in a castle with 30 bedrooms, 10 kitchens and 20 bathrooms!
It is from these people that we have to learn, and understand that the most important thing is not just how much we earn, but rather, and perhaps more importantly, how much we spend!!!
But unfortunately what happens to us most is that we have Social Communication that instead of bringing us what should be information, only brings us misinformation and Consumerism, which in the most difficult moments difficult we sometimes use shopping as a way to console ourselves because of everything we see in the media…
I talk here about topics that I have also suffered from, but I simply wanted to go in search of Knowledge and Learning, Information is available to everyone, so I only encourage you to Don’t let yourself be influenced just because you see it in the media. Go and try to understand, question yourself, get out of your comfort zone, because we will only change if we do our part… once again. I explain with an analogy for those who want to change physically will have to change their diet and do sports, and over time we will see the results!!
I will end this text here, which is already very long, but so that you understand that no one will do better for us than we do for ourselves!!!
I just ask that you share this content, comment and like it so that this content reaches as many people as possible, because one of the biggest problems people have is the mental issue and thinking about what is going on.This is a subject only for the rich, quite the opposite, people who have less income have to understand where we should save, and then they will understand that this is all a process that will evolve and You will be surprised at how things will start to happen!!
Authorship ..
Nuno Santos
POSITIVE MINDSET, THE POWER OF ACTION!! 