Sarah Potter challenges the conventional wisdom about making money and growing wealth.
She criticizes the limitations of financial literacy education and the unrealistic portrayal of trading and investing.
She proposes a more practical and achievable approach to financial education, focusing on the skills needed to make more money and invest wisely.
Restrictive scope of financial literacy
Financial literacy as it’s currently taught often focuses on saving and budgeting, but fails to address the skills needed to make more money and grow wealth.
This omission leaves a knowledge gap, especially for average individuals who find investing confusing and intimidating.
Role of financial institutions
Many people rely on financial institutions to manage their money.
However, these institutions often lack transparency and don’t provide opportunities for individuals to learn and make their own investment decisions, thus perpetuating the knowledge gap.
We need to help our students realize that when it comes to the markets or the ability to make more money, this can be actually very achievable for most of us, but we need to stop trying to make millions of dollars and risk it all and start realizing that this is a skill that any of us can do at any point in time. – Sarah Potter
