Finance literacy can free you

2016-11-17 06:00
 Ntlahla Nkukwanan

Ntlahla Nkukwanan

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Most people still believe that in order for a person to be financially free, he/she needs to study hard, get good grades, go to university and get a high paying job.

But that is not the case, most of these people are highly in debt, everything they own is on credit and since credit works the same way as money, what people see are people getting richer because they own expensive cars and houses but what they do not understand is that these people may look rich but in reality they are not.

There is a story that I read from a book about a man who won a million in the lottery and after one year lost it all.

I am sure most people would say that he was a millionaire at a certain point of his life, but I would argue and say that the man was never a millionaire, he was a poor man with a million in his bank account.

Meaning that the man was not poor because he did not have the million, he was poor in his mind because he lacked the necessary skills to manage and grow money.

To be financially free means you need to be financially literate (meaning you need to have a good understanding on how to use money).

It is easy to make money but keeping it and making it grow is what most people struggle with. I have seen how my family, friends and my colleagues are suffering because of a lack of money management and investing skills.

They still stuck in the same old routine that 90% of South Africans are in, which is pay bills and die.

Even when unemployed, people still look forward to getting a job and joining this routine.

They still believe in the routine of getting an eight to five job as the only way to earn an income.

I believe that I have acquired the skills to become financially free and wealthy. I feel like it is my duty to share this with my fellow South Africans.

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