It is believed by many people that the conventional schooling system is dead, many others believe it should be restructured. The cause of these several different schools of thought is because of the inadequacies in the school.

There are many things the school won’t teach her students. Perhaps because those who run the school do not know. One of the purposes of going to school is to get financial liberation, yet very little is done to achieve that purpose.

Our schooling system is good at producing individuals who are good at quoting laws, recalling scientific principles, make Jets, rocket and space crafts but cannot make money.

What is that thing the school isn’t teaching you about money? Well, you will get to know a few of them here.

What no school will teach you about money

  1. There’s an L before the E:

For you to be financially free, you must first Learn, before you Earn. That’s it. You must gather experience for you to be financially free.

  1. Savers are losers:

This might first sound stupid to you. But hold on, don’t crucify me yet. Savers are losers, I know many of your teachers must have taught you to save your way out of financial struggles. I’m here to say he/she is wrong. Saving isn’t smart, it is outrightly foolish. Think about it, what $100 could buy in 2015, can it buy it today? I suppose the answer is no. why? Inflation. If you had saved $1000 five years ago, what it could buy then, it cannot buy now. This is what is called the “time value of money”. However, preparing for your future financially is a right thing to do as long as you do not just “save without spending wisely.”

  1. Invest nonstop:

So if saving is not too smart, what do you do? Simple, let your money work for you. Invest in something, find something that would yield dividends, anything you’re comfortable with. Invest. In fifteen years, you would be happy you found this blog and read this post.

  1. Delayed gratification:

If you follow step 2 and 3 above, you would soon start seeing money coming in, slowly, then faster, and even faster, (this might take some time, depending on the business you chose to invest in). One thing you must know is that you have to delay your gratification and reinvest until you have more than enough to spend. Of course, you only live once and deserve to have fun, but you must remember, delayed gratification is important.

  1. Need first, before want:

We all want those expensive bags, shoes, clothes, phones etc. but you should know the difference between your needs and your wants. Your NEEDS are those things you need, things you can’t do without. Your WANTS are those things you can do without, those flashy things which only shows others how rich you are.

Understand the difference between both and your finance will see a positive improvement.

  1. Work hard then smart:

Unless you are from a rich home, working smart might have to wait. Its true smart work is smart, but it requires tools which will cost you money. To get the money, you first have to work hard. Most of the rich guys out there first worked hard before they started working smart.

These are the few things no school will teach you, but you’ve learnt them here. Share your thoughts with us using the comment area below.