So you’re lacking financial literacy and want to
increase your chances of achieving your dream of financial freedom?!
Well, you can go back to your grade school!
I got this good news from Yahoo! News - http://ph.news.yahoo.com/deped-to-run-money-101-for-pinoy-kids.html
that the Department of Education (DepEd) is considering teaching financial
literacy to our little children as young as Grade 2 pupils.
I believe this is a good move from the institution
considering that we look money as that thing that makes the world go round. If
we want to make this world-rounder in favor of us, then it is just sensible to
examine on how to properly and control this tool at an early stage in life. J
Robert Kiyosaki in his best-selling book Rich Dad, Poor Dad has consistently
emphasized the value of financial education. He mentioned that people are
taught in schools how to be an employee and thus work for money.
Students are taught how to build buildings and bridges
and never how to build one’s wealth. In the end, the same people suffer because
of a mere ignorance and lack of financial education. They remain slaves of their work, helplessly exchanging
their limited time for their equally limited income.
I personally take heart on those hard-working generous
helpful people yet still finding themselves struggling in their financial life.
If only they could understand the few basic principles of how money works, then
they could have a much better financial mindset and stronger financial
foundation.
The key is education!
I myself had to examine myself and check whether my
thought and beliefs are supportive of the financial goals I have. After that I had to invest
and educate myself and replace that non-supportive garbage with useful
financial bits of info.
Once one has the financial foundation, the rest is
simply following of steps to financial freedom!
Thus this DepEd initiative could really help drive our
youth build businesses and make money work hard for them instead. This can be
the start of building a new generation of Filipino entrepreneurs providing
local jobs to many - a glimpse of a brighter Philippines! Just imagine if we have
lots of MVP’s, Henr Sy’s and Lucio Tan’s abounding in our land!
Read the whole article below and be inspired!
DepEd to run
Money 101 for Pinoy kids
The Department of Education has signed an
agreement with PruLife UK for a two-year pilot run of the Cha-Ching Money-Smart
Kids program to teach elementary school children four financial literacy
skills: earning, saving, smart spending, and donating.
The test run for the program will be conducted
at the Upper Bicutan Elementary School in Taguig City and the Tagaytay
Elementary School in Tagaytay City. The financial literacy lessons will be
integrated into Math or Values subjects of Grade 2 students next school year.
The program, which includes lesson plans and
training for teachers, will be taught through educational cartoons and
workbooks.
Education Secretary Brother Armin Luistro, who signed
the agreement, said children should be taught money management early in life.
"If a child appreciates at an early age that it takes hard work to earn
money to buy things, save, or even share with others, he will have a valuable
lesson which he can use through life," he said.
Pru Life UK president Antonio De Rosas said most
Filipino children learn to save at seven and that money management lessons will
help make them more responsible with money. "An effective financial
literacy program should start from childhood," he said.
"Through Cha-Ching, we hope to play a part
in preparing our youth, the backbone for the future Philippines to become
financially adept adults," Pru Life UK senior vice president Belle Tiongco
said.
Although Filipino children start saving early,
less than half of the parents in a survey keep track of what their kids spend
on and even less think their children manage money well.
According to a region-wide survey commissioned
by insurance and asset management firm Pru Life UK, 41 percent of respondents
said they do not monitor their kids' spending and only 19 percent believe kids
have good money management skills. Less than 10 percent said their kids
keep track of their own money and 76 percent said their kids will just ask for
more money instead of saving.
Although 94 percent of respondents said they
want to be more involved in teaching their kids to be smart about money, they
said they are still looking for ways on how to do it.
