Personal finance is not a required subject in most high schools or colleges. This lack of basic financial education leaves many young adults clueless about how to manage their money, apply for credit, and get or stay out of debt. States are beginning to remedy this shortcoming—as of 2020, 21 are requiring high school students to take a course in personal finance, and 25 are requiring that they take an economics class.
That should help at least a segment of the next generation, but for everyone past high school, Mr. Patange addressed the most important things to understand about money. These financial tips were handpicked to help our students plan their financial life and take advantage of the fact that the younger you are, the more time your savings and investments have to grow.
The speaker started the session by addressing the titular situation – how to achieve financial freedom. Some points worth considering were: