Financial Power

Over the years I found that in this amazing country called Canada, where freedom and opportunities are in front of you, the main reason some people will make it big while others are struggling is lacking or possessing the right financial information.

Having the right information at the right time makes a huge difference.

In our life journey the two most important things we need / should know are: how to deal with people and how to handle money. Interestingly, these two are not subjects is the school curriculums, they are not thought in kindergarten and are little thought in schools. No wonder we live in a society where the divorce rate is 50% and financial freedom for many it’s just a phrase that seems totally out of their range.

There are important key financial information we all should possess to be able to make the right choices. Unfortunately, the financial industry is very self-serving and places their own interests before those of the investors. Our only recourse as investors is to arm ourselves with the investment knowledge required to become self-sufficient and forge ahead.

Financial institutions don’t want us to know that information, because as least we know the more mistakes we make and the more mistakes we make the more money they profit on our behalf.

The financial industry has a vested interest that we stay in debt as long as possible, so they can make more and more profit. For a period of time I was wondering why the government doesn’t regulate some of the rules applied by most financial institutions. Then realized that the government makes money, big profits too by not educating the masses on the importance of personal finance. The more profit banks and financial institutions make, the more taxes those companies pay so the government has a vested interest too.

Many people lost their freedom on money and struggle financially. Money is very important in our life. We cannot pass our day without money. Money is two sided: might help you and also hurt you, depending on how you use your money. This is why how to manage your money is another knowledge that you must learn after leaving our schools.

On my personal financial blog I will provide tips, guides and actions to achieve financial freedom. No big words just simple info on financial literacy that you need to achieve your financial dreams.

Related posts:

1. Set Your Financial Goals #3
2. Bank of Canada Lowers Interest Rate
3. Income is Important, but Cash Flow is King

Tags: Financial Knowledge, Money, Personal Finance

This entry was posted by FP on Wednesday, March 11th, 2009 at 12:04 AM and is filed under Financial Knowledge. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.