Sunday Charting School - 12/8/24

Holistic Trade Ideas

A Failure Of Western World Democracy

When considering the financial education of individuals whose families have been part of the Western World for multiple generations, it’s important to recognize the potential limitations that may arise. If these individuals come from a background of poverty, it often indicates a history of unwise financial decisions. Consequently, they may not be the best source of financial education.

Additionally, parents often face a conflict of interest when it comes to guiding their children in financial matters. Their love and desire for their children's success may lead them to shield them from perceived "bad" decisions. Ironically, such protective instincts can hinder the development of the risk-taking mindset often necessary for achieving wealth.

In the broader context of education, many school teachers typically work within the public sector. Even in private institutions, it is uncommon for teachers to have prior experience as successful businesspeople or to have attained significant wealth themselves. This lack of real-world financial experience means that financial education curriculum may not adequately prepare students for wealth creation.

Acceptance of this reality is essential: unless their backgrounds include financial success, parents and school teachers may not offer valuable guidance in financial matters. Therefore, individuals seeking to become wealthy should consider seeking out alternative sources of education from experienced mentors who possess the financial knowledge and experience needed for success.