Why wasn't I taught this at School?

I will blame someone for our collective financial stupidity: The education system.

While we were busy learning about chemistry, physics and history we seemed to have missed out on important lifeskills; fundamental things from how to fill out a tax return to how to iron our shirts. We are missing some real fundamental lifeskills from our curriculum.

Start studying money; get your hands on as many resources as you can

I think this one step changed my financial destiny forever.

Become a Student of Financial Literacy: If you spend your whole life earning money, shouldn't you spend your whole life learning money?

Contemplate this for a minute; most people spend more then half their life working, about forty five years of our life are dedicated to earning money to support ourselves and the ones we love.

We spend our time daydreaming about retirement, or maybe being lucky enough to win lotto, or picking the next Microsoft stock, or starting the next Google.

Dream on.

Financial Literacy

The purpose of this rant is to explain the notion of financial literacy and its current state in Australia. I will then discuss some core principles of what I understand to be fundamental to financial literacy. I will then go on to identify the ramifications and socio-economic implications of poor financial literacy.