How a lack of financial education is hurting society

Financial literacy is of the utmost importance. It is quite obvious that financial aspects are an important part of our day-to-day life. Whether as an adult or a young individual, finances follow you throughout life. While schools are concerned about mundane topics, financial educated is being put on the backburner.

Even though, that it is one of the most important tools for a good life. It is clear to see that many adults are lacking competency regarding their financials. Quite often, that is because they simply haven’t been given a financial education about it from a young age. They have seen a huge lack of financial terms and concepts or even financial stability.

financial educationStarting from an early age, financial education can build a strong background and prevent financial downfalls later on in life. There are no ifs, ands, or buts, financial education is highly important. Now, more than ever.

Why financial education matters

Financial education isn’t just about how you earn and spend your money. It is about increasing your finances, setting prices, understanding value for services and goods, and being smart with your money. A lack of financial education can easily turn people into cynical human beings.

They then either spend their money inconsistently or become cut off from emotion. Financial education teaches people that their money actually matters and the many different ways to use it. For example, there has been a rather large uproar in the media lately.

The Elon Musk saga

Everyone knows that Elon Musk is essentially the ruler of investing. In one single tweet, he can send the world into an uproar over the stock market. Recently, Tesla, announced that Bitcoin will no longer be accepted as payment.

This caused the share price to drastically plummet. Investors worldwide are putting all the blame on Elon Musk. However, Manuel Heyden, CEO of Neobroker Nextmarkets, says that it is their own lack of financial education that is to blame for this.

He goes on to say that the problem is deeply rooted in the very outdated education system. Investors need to learn how to diversify their portfolio, how to stay informed in the current stock market dynamics, and how to react to unpredictable incidents.

How Nextmarkets is revolutionizing financial education

Manuel Heyden saw the holes in financial education and used his education to create something great. That is why Nextmarkets has integrated top-class stock market coaches (free of charge) into the app. Financial education is so much more than spending money these days. In fact, investing is far more important and popular than ever before.

Nextmarkets is also backed by investor and visionary Christian Angermayer. He sees in the fintech’s business model a key approach to achieving free financial education. Nowadays, investing is becoming a hot topic. Everyone, everywhere, is wanting to know more about this fundamental way to increase their finances.

Manuel Heyden says, “We provide our customers with numerous coaches and trainers who give them a great deal of expertise – free of charge, of course.” What better way to teach the beginners in the world than to provide them with free professional coaching? They have certainly done it right over at Nextmarkets.

Nextmarkets is a Cologne-based startup that recently received $30 million in funding. That funding enabled the further increase of its services all throughout Europe. It is gaining success and is now stretched over eight counties, including the United Kingdom. You can invest in a wide range of stocks and funds are also available to Nextmarkets users, including CFDs.

The bottom line

Financial literacy truly is one of the most essential skills. That is why Nextmarkets is working so hard to make an exemplary example of just how much it matters. Time and time again it has been proven that if you want to survive in this world, a solid financial education is everything.