Tom Pearman’s Post

Growing up, I often wondered WHY our education system never delved deeply into FINANCE 🤔. It seemed like such a crucial aspect of life, yet it was barely touched upon in school. As a student, I found myself questioning why subjects like mathematics and science were considered essential, while financial literacy was often overlooked 📚. Sure, we learned basic arithmetic and how to calculate interest rates, but when it came to more intricate financial concepts like investing or managing debt, we were left to figure it out on our own . Reflecting on my own journey, I realized that the lack of comprehensive financial education in school left me feeling unprepared to navigate the complexities of the real world . I struggled to understand concepts like budgeting, investing, and more, and often found myself making uninformed decisions about money 💸. Looking back, I believe that a deeper understanding of finance could have greatly benefited all of us. Eventually empowering us to make better financial decisions, avoid debt traps, and build wealth for the future . Despite the shortcomings of the education system, I've taken it upon myself to educate myself about finance through books, online resources, and conversations with financial experts . While it's been a challenging journey, I'm grateful for the opportunity to learn and grow 🌱. #finance #financialeducation

"Financial Independence Doesn't Happen by Accident" now available on Audible. Get your copy at the link below. If you’re insecure about money, more money will never solve that. You should instead seek to be as informed and educated about your money situation as possible. It baffles me how many of us will spend tens of thousands of dollars to get formally educated and learn skills that will allow us to earn more over our lifetimes, yet we spend next to nothing to learn how to keep the money when we get it - thus, keeping us dependent on our jobs for far longer. Some people mistakenly believe that because they’re educated in one area, this education is transferable to everything. But having a terminal degree in law, for instance, doesn’t automatically mean you know anything about money. If you want to be financially free it’s imperative that you invest in your financial education. https://lnkd.in/edHQhhZV

𝐅𝐨𝐫𝐦𝐚𝐥 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐥𝐥 𝐦𝐚𝐤𝐞 𝐲𝐨𝐮 𝐚 𝐥𝐢𝐯𝐢𝐧𝐠, 𝐬𝐞𝐥𝐟-𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐥𝐥 𝐦𝐚𝐤𝐞 𝐲𝐨𝐮 𝐚 𝐟𝐨𝐫𝐭𝐮𝐧𝐞. --> Investing in yourself is the best financial decision you can make. Acquiring knowledge and skills through self-education can open doors to new opportunities, increase your earning potential, and help you build wealth. --> By taking control of your financial education, you'll be empowered to make informed decisions, avoid costly mistakes, and achieve your long-term goals. -->Remember, wealth is not just about making money, but also about managing it wisely and creating a secure financial future. --> By committing to lifelong learning, you'll be well on your way to building a fortune that will last. -->Knowledge is power, and in finance, it's wealth.Take control of your financial education and secure your future. #self #education #finance Five Force Advisory

Personal finance education isn’t just a skill—it’s a life-changing tool that empowers people to take control of their futures. Here’s why everyone should start learning about personal finance as early as possible: Financial Literacy Equals Empowerment: Knowing how to manage your money gives you the confidence to make decisions that improve your life. Preventing Debt: Understanding interest rates, credit, and loans can help you avoid debt traps and make smarter borrowing choices. Building Wealth Early: The earlier you start learning about investing, saving, and budgeting, the more time you have to build wealth and achieve financial freedom. Personal finance education is the foundation for a secure, prosperous future. Let’s make it a priority for ourselves and the next generation. 💸 #PersonalFinance #FinancialLiteracy #WealthBuilding

We know Financial Education is important, and often lacking. Here are 5 myths about this subject. The first 3 are easily debunked. Do you agree? Myth #1: "𝗜𝘁'𝘀 𝘁𝗼𝗼 𝗹𝗮𝘁𝗲 𝘁𝗼 𝘀𝘁𝗮𝗿𝘁 𝗹𝗲𝗮𝗿𝗻𝗶𝗻𝗴 𝗮𝗯𝗼𝘂𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗲." False. It’s never too late to improve your knowledge about financial matters, or any other subjects. Myth #2: "𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗲𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝘀 𝗮 𝗳𝗼𝗿𝗺𝗮𝗹 𝘁𝗿𝗮𝗶𝗻𝗶𝗻𝗴 𝗼𝗿 𝗱𝗲𝗴𝗿𝗲𝗲." False. Financial literacy can be achieved through reading, attending workshops, talking to people or online courses. Myth #3: "𝗢𝗻𝗹𝘆 𝗽𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝗰𝗮𝗻 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝗮𝗻𝗱 𝗺𝗮𝗻𝗮𝗴𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗺𝗮𝘁𝘁𝗲𝗿𝘀." False. According to CNBC, "While expert advice can be valuable, basic financial management is attainable by anyone." Myth #4: "𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝘁𝗮𝘅𝗲𝘀 𝗶𝘀 𝗮𝗻 𝗲𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝗽𝗮𝗿𝘁 𝗼𝗳 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗹𝗶𝘁𝗲𝗿𝗮𝗰𝘆." True. The National Financial Educators Council asserts, "Understanding taxes is crucial for financial planning and investment decisions." Myth #5: "𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗲𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻 𝗴𝘂𝗮𝗿𝗮𝗻𝘁𝗲𝗲𝘀 𝘄𝗲𝗮𝗹𝘁𝗵 𝗰𝗿𝗲𝗮𝘁𝗶𝗼𝗻." True, but context matters. Warren Buffet suggests, "Knowledge and habits can contribute to wealth, but there aren't any guarantees." Of course there are no guarantees. I would change "guarantee" to "greatly improve the chances of.." So that's it. Financial education is a lifelong pursuit. Don't let myths prevent your growth. #finances #financialeducation #ascentropy

The costs of College, Housing, and Healthcare are all outpacing income growth.   As a society, we should probably fix that. But until we do, young people have to live in that reality.   Improve that reality by improving your personal finances!   Personal Finance Basics | June 27th at 6:30pm Central | $20   We'll cover Debt Management, Large Purchase Planning, Budgets, Investment Basics, and Much More.   If you're interested in attending, let me know! If you know someone who would benefit from attending, let them know!   As a reminder: Education is the end-goal. I'm not selling a financial product or giving investment/tax advice - purely aiming to give knowledge to people that were never taught about this critical topic.  

Hard work without financial education is like: * Running on a hamster wheel: You're putting in a lot of effort, but not getting anywhere financially. * Climbing a ladder with no top rung: You're working hard, but there's no clear path to financial success. * Rowing a boat without a rudder: You're putting in the effort, but lack direction and control over your finances. * Building a house on shifting sand: You're working hard, but your financial foundation is unstable. * Chasing a carrot on a stick: You're working hard, but the financial reward is always just out of reach. Hard work without financial education can lead to: * Financial stress: The lack of financial knowledge can lead to anxiety and uncertainty about your financial future. * Stagnation: Hard work without financial education can lead to a plateau in your career and earnings. Financial education empowers you to make informed decisions, optimize your earnings, and create a stable financial foundation. It's the key to turning hard work into tangible financial progress and achieving long-term financial well-being. #financialeducation #progress Click the link👇👇👇 to learn more https://lnkd.in/g_dT9Znu

Financial Education for today: Habits are the compound interest of Self Improvement Success is the product of daily habits - not once in a lifetime transformations. Becoming 1% better everyday is a process that leads to exponential results. -by Rohit Mehta

Throughout my 40+ years of Academic Career, I've aimed to introduce a course on "Personal Finance" or "Money Management" as a General Education Requirement. This course would ensure that all students, irrespective of their majors, graduate with vital financial literacy skills. Many college graduates lack knowledge on managing finances, debt repayment, and investment strategies like IRA, 401(k), and 403(b) plans. The proposed course covers essential topics such as Compound Interest, Annuity, Asset Allocation, Taxation, and the powerful concept of the "Miracle of Compound Interest." Financial literacy is crucial for students. Establishing early financial planning skills is vital for a successful future. #FinancialLiteracy #Education #MoneyManagement