Financial education is the most important education you will learn but do they teach it in school?

NO

Remember learning Math or History in school?
When was the last time you used that knowledge? Perhaps you use math if you are an engineer or a financial analyst, like me.
But think about how valuable a financial education is in your day-to-day life. You need it while in school so you don’t make bad decisions and get in student debt without understanding how you will repay it. You need it while you are working, so you can make good investment decisions and prepare for retirement. And you need it long after you have left the workforce so you can live the life you deserve in retirement.

But do they teach it in school? Or college? Heck no! They don’t even teach how to manage your own money in grad school or even at work.

And then there are these “experts” telling you to invest in stocks, options and bitcoins without assessing your risk-taking ability or willingness.

Or gurus telling you that all debt is bad and that credit cards are the bane of your existence.
Do you know that how difficult it is to build credit without a credit card?

Tell me this is making sense.

5 Types of “Experts” you should not be getting financial education from

The stock picking geniuses with no credentials that think that buying and selling stocks is the only investment solution. They are not concerned about your risk profile.

The options strategists that recommend trading options all day long: Trading options involves a lot of math. If you are not doing rigorous research, you are not investing. You are gambling you money.

The latte haters – These are the ones who think that cutting back on $4 lattes is going to make you a millionaire. Who are they kidding?

Then there are those that hate debt – all debt. But remember, not all debt is bad. There is consumer debt which reduces your wealth and deserves to be hated. But there is another kind of debt. This is the kind that could help you build wealth.

Finally, there are those that would ban all credit cards if they could. Credit, when used wisely, will make your life easy. It will build your credit and when the time is right, make it easy for you to buy a home or a car.

But my life was not always this comfortable. I come from a middle-class family. I went to college in India where education was very affordable. After earning a bachelors degree in engineering, my parents gave me all of their savings so I could pursue a graduate degree in electrical engineering. Can you guess how much they had saved? $15,000. The $15k that was going to fund just one year of graduate education! That same year my parents lost their home and had to move to a rental. I worked my butt off, eventually getting a paid research assistantship the following year so I didn’t have to ask my parents for more money, which they didn’t have anyway. 

After getting that degree, I got a job. My employer even gave me a 401(k). I had no idea what that was. So, I asked a coworker. I took his advice and made my fund selections. In three years I was able to pay back my parents and help them buy a home. I had applied to business schools and managed to get accepted at one with full scholarship. So I went back to school, this time for an MBA. Once again, starting from scratch with close to zero dollars in my bank account and no investments except that 401(k) from my previous employer. 

B-school is where I started getting interested in finance. One of my professors nudged me to start working towards my CFA charter. Then something happened. I got a chance to meet Warren Buffett. The WARREN BUFFETT. It was surreal. I was standing next to the Oracle of Omaha and I was holding HIS WALLET. My life was never going to be the same again. I knew in this moment that this is it! I was going to be an investment analyst. 

I so badly wanted to be an investment analyst that I took a 20% pay cut just so I could get my foot in the door. I got a job at a small RIA. After a year of working there I was offered a job at a big corporation with a better salary and good benefits. This time, I knew exactly what a 401(k) was when I got one. I thought let me go back and look at my 401(k) from my previous employer. I should have made a ton of returns, right? WRONG!!! 

My 401(k) was sitting at a measly number after 5 years of starting to invest. 

I had picked funds that were WRONG for me. And I was a smart engineer. I wasn’t stupid when  I made those choices. But I had no financial education when I first started working. I wish someone had taught me early on because I missed years of investing opportunities. I could have had 40k more in my account.

Since then, I have made a ton of progress. My investments are on autopilot. I spend less than an hour a month looking through my diversified portfolios. Once a year, (and occasionally, in between) I spend a few hours evaluating my net worth and spending habits. Other than that, I don’t worry about finances. All because I have mastered my FINANCIAL FREEDOM AUDIT.

The point I am trying to make is that there is opportunity to make wealth and I don’t want you to be the Avanti from 2007, who had no idea that she needed to get financial education. Don’t be that Avanti, who missed an opportunity to invest and make an additional $ 80k. 

Imagine this – 

Your net worth is growing each day!

Your finances are on autopilot so you can focus on what you do best and spend time on things you love!

You are relaxed because your emergency fund is prepared to take care of any emergencies!

You are saving for retirement each month and can retire without worrying about how you will manage without a full-time job!

You have a plan to pay down any debt that you have!

You are spending guilt-free on things that give you joy!

You are safe and stress-free!

How will you get there?

I will tell you exactly what you need to know to take your first step so you can get there.

With your permission, I would like to present to you you my system which I designed with you in mind. Here’s my specially designed mini-course.

FOUR CORE MODULES

CHERRY ON TOP BONUSES