I strongly believe that learning is a lifelong process, the day you will stop learning will be the day you will stop growing. Learning becomes all the more essential when it is about finance. Everyone should know the meaning of financial terms and know how money works. Loans mortgages are just the financial tools which you can use to your advantage once you know how to work them out in the right way. Most people would see a loan as a liability, that’s true because you have to pay it back it does cost you but still it is a money tool and you can use it to your advantage.
If a person does not know about the finance part of his life, the people and the situations he comes in touch will always take unfair benefit out of him or make him pay for his ignorance. And this ignorance cost can be really high. I always tell everyone to go for the best education they can afford. That is one of the best investments they can make for their children, this is one thing that will empower them for a lifetime.
If by any chance you can not afford a quality education , the least the parents can do is to make them open to the idea of learning and educate them on the right sources where they can get genuine information. Shaping a mindset and a positive attitude is the utmost responsibility as a parent towards their kids. Teaching them, values of life and making them a good person is very important. I remember my dad had a hard time funding our education but he did his best to shape our attitudes. At that moment we may not have realized this. But this is the most important thing you should do for your children.