Top Tips for Financial Literacy

One of the biggest takeaways from this year’s annual GiLE4Youth Conference was a superb presentation by Martin Cooke of the International Trade Institute in Taiwan, on top tips for financial literacy. 

This presentation was incredible as understanding it can enhance your competitiveness on the employment market as a young person and also improve the quality of your decision making and life choices.

Image from by @franckinjapan

Why is Financial Literacy More Important than Ever? 

The ability to understand finance, the value of money, and to be able to make smart decisions as well as to understand the financial consequences of your financial decisions, is one of the most sought-after skills for young people as they enter the employment market. Unfortunately, these skills are not taught in most conventional educational systems throughout the world.

The Gap…and Opportunity!

Colleges and Universities tend to concentrate on the ‘so-called’ hard skills related to the core areas of your chosen fields, be it in medicine, engineering or in the social sciences, thereby making young people vulnerable (more so in those societies which celebrate consumption and consumerism) leading to regrets later on in life when such lessons are learnt through bad financial decisions, leaving you to echo the words of Martin Cooke, “I wish I had known this when I was eighteen”! For Martin, a young person must not live a life of regret! Hence, the importance of this presentation at this year’s annual conference.

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Article Writer & Content Contributor

Jealous Paradzai

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The opinions expressed in this article/publication are those of the authors. They do not necessarily reflect the opinions or views of GiLE or its members.

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