Why most refuse to get finance education?

[Arcachon]

Derek Bok is not exactly an investment guru, but I would like to borrow this phrase to investment as I feel it is very apt to 2 groups of people. The first group consists of the financial illiterates – They failed to realize the importance to make plans for their personal finance, and because of the failure to plan, they find themselves stuck in the rat race. They envy others who are rich and successful but do nothing to improve their current state. They see the rich and successful as being lucky and maybe one day, they can join the rich ones when they win the lottery. The correct way is to LEARN TO BE FINANCIALLY LITERATE and take initiative to find ways to help themselves get out of the rat race. In the process of learning, they will realize why they must be prudent on expenditure – a dollar saved is a dollar earned; and the need to invest – because the money they hold is devalued by inflation. The second group of people understands the need to invest. However, they refuse to take the effort to LEARN HOW TO INVEST. Before they are armed with a sound strategy, they plunged into the stock market blindfolded, holding the hands of other investors and following wherever they go. More often than not, they end up with massive losses. An expensive lesson indeed. There are many courses available for both groups of people to learn and gain financial + investment knowledge. There are also many books on the shelf for self study. Even if they do not believe in paying for such things, there are many resources on the internet to refer to. Ultimately, one needs to PAY IN TERMS OF TIME AND EFFORT. If education is expensive, try ignorance!

http://www.bigfatpurse.com/2008/03/derek-bok-if-education-is-expensive-try-ignorance/

[Arcachon]

https://www.youtube.com/watch?v=YuObJcgfSQA

[DC33_2008]

Such finance session is conducted in local universities now. It is always not too late to start. I started only in late twenties and manage to ride on several financial waves. Have been following more financial news/sessions and meeting financial gurus after started active investing.
Derek Bok is not exactly an investment guru, but I would like to borrow this phrase to investment as I feel it is very apt to 2 groups of people. The first group consists of the financial illiterates – They failed to realize the importance to make plans for their personal finance, and because of the failure to plan, they find themselves stuck in the rat race. They envy others who are rich and successful but do nothing to improve their current state. They see the rich and successful as being lucky and maybe one day, they can join the rich ones when they win the lottery. The correct way is to LEARN TO BE FINANCIALLY LITERATE and take initiative to find ways to help themselves get out of the rat race. In the process of learning, they will realize why they must be prudent on expenditure – a dollar saved is a dollar earned; and the need to invest – because the money they hold is devalued by inflation. The second group of people understands the need to invest. However, they refuse to take the effort to LEARN HOW TO INVEST. Before they are armed with a sound strategy, they plunged into the stock market blindfolded, holding the hands of other investors and following wherever they go. More often than not, they end up with massive losses. An expensive lesson indeed. There are many courses available for both groups of people to learn and gain financial + investment knowledge. There are also many books on the shelf for self study. Even if they do not believe in paying for such things, there are many resources on the internet to refer to. Ultimately, one needs to PAY IN TERMS OF TIME AND EFFORT. If education is expensive, try ignorance!

http://www.bigfatpurse.com/2008/03/derek-bok-if-education-is-expensive-try-ignorance/

[Arcachon]

https://www.youtube.com/watch?v=fsrtB5lp60s