Watch: Money for the people, not the experts
With millions of people living in poverty around the world, there’s no question that a big part of the problem is a lack of financial literacy.
It’s something that can be overcome through education and a willingness to be open and transparent with your family and friends.
But there’s also an underlying cause, one that can cause people to think less about financial services and instead focus more on the basics.
A survey of 3,000 people by the Pew Charitable Trusts (PewCo) found that 58% of respondents believed financial advisors were “not as important” as they should be in their job, with the vast majority of respondents believing they were “more important” than they actually are.
It seems like we are being led by a false narrative when it comes to financial services.
We are so focused on what we can do, and it’s not just about getting money, but getting money for the poor and the middle class.
It doesn’t have to be financial, but it should be.
We all need to make the effort to understand the different kinds of products and services we use, but the only way we will get to where we need to be is to invest more time and money in what we know we need.
It is clear that we need a global conversation about how we make money, and I want to see more people understand the importance of the basics first and foremost.
If you’re looking to get started on your journey to becoming financially independent, you can check out the new series Money for Everyone.
If there’s something you’d like to see covered in this series, please let us know.