Strategize your financial future through financial education with Pushkar Raj Thakur

 

“The financial education has a direct impact on the long-term financial well-being of a person”

Financial education brings an ability to manage finance in the professional as well as personal life. Financial literacy is important in understanding the money concept that helps in managing money better. Financial literacy includes budgeting, investing, loans, and interests in life. Financial education helps in managing money tactfully. This can be done through saving, investing, borrowing, lending, and forecasting. Developing financial skills helps in building the ability to effectively utilizing money. Pushkar Raj Thakur, a leading businessman and influential motivational speaker is working to influence people to get financial education through his YouTube channel where he has more then 2 million subscribers. ‘Rather than academic education, we should focus on financial and skill-based education. Pushkar Raj Thakur has made series of videos on the importance of financial education which has motivated millions of people worldwide. For every entrepreneur to achieve growth in the long term, they need to acquire techniques to manage the finance in their personal and professional life.

An essential indicator of people’s ability to make good financial decisions is based on their financial literacy. Being financially educated not only means the knowledge and understanding of the financial concept of the economy they are living in but also the skills and confidence of applying their knowledge and understanding are important to make effective financial decisions. Pushkar Raj Thakur is also regarded as ‘Youth Icon’ as he is inspiring youth through his success story. His dedication, hard work, and financial literacy are the result of the success and growth he gained at this young age. There is a noticeable impact of financial education on the growth of the business. Once the businessman can understand the company’s financial statements, they can easily track mode to improve and enhance it for the betterment of the business. There are several other impacts of financial literacy on business like: help the owner to make a more informed decision and to approach the problems in more effective ways. Financial literacy makes the businessman a well-rounded leader who can consider multiple facets of any issues that arise. It also educates in terms of budgeting which is required to be maintained during the highs and lows in an organization. Moreover, financial education makes a person financially efficient, this means that no wastage of finance is being done by any team in the organization. As it makes it easier to identify different ways to be more cost-effective.

Knowledge lays a foundation for people to build a better future. In several countries, financial education has been added into the curriculum for students to develop strong money habits to avoid many mistakes that lead to lifelong struggling for money. There are several advantages of learning money principles at an early stage to apply it from their early life. Financial literacy is an issue that should now command everyone’s attention so that every individual can organize finances for their personal and professional needs.
‘It takes a lot of work and time to change our thinking and to become financially literate.’