Financial Education Quotes
It can be argued that financial education imparts the most important life skills a person can have. Personal financial skills directly affect all aspects of the lives of the financially ignorant and everyone around them, possibly for generations to come. The financial education movement needs to gain acceptance and flourish as quickly as possible. A strong force toward this end are the many financial education quotes from celebrities and experts alike. The spoken views of celebrities are proven to influence the thinking of the general population, while quotes from the experts add weight and validity to the celebrity’s views. Together, their quotes on the importance of financial education will greatly help the movement take hold and thrive.
Quotes from Influencers Spread Financial Literacy Awareness
Financial education quotes, taken in aggregate, make an effective case for the need of intelligently crafted financial education courses that can induce behavioral change in participants. Financial education quotes that come from people of authority have a great effect on the opinions of the public regarding the value and necessity of financial literacy. Financial education programs can benefit immensely when notable individuals lend their support to financial education initiatives.
Financial Literacy Quotes from Powerful People
“Financial literacy is just as important in life as the other basics.” – John W. Rogers, Jr., CEO Ariel Capital Management
“The number one problem in today’s generation and economy is the lack of financial literacy.” – Alan Greenspan, former Chairman of the Federal Reserve
“I want kids to understand the importance of savings and investing. It’s crucial that people understand the importance of financial literacy, because it’s actually life saving.” – Mellody Hobson, President of Ariel Investments
“The good news, though, is that all of us can improve the security of our futures through financial literacy. With a better understanding of the basics of finance—how to save, budget and invest—we can increase both our earning potential and our prospects for a solid financial future.” – Reba Dominski, President of U.S. Bank Foundation
“High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one’s life.” – Ruben Hinojosa, Congressman, Texas
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” – Albert Einstein
Financial Education Quotes from Authors and Media Sources
“Many entrepreneurs struggle to understand payroll taxes, health care and other thorny issues… In other words, they don’t have the financial literacy to scale their businesses and attract investors.” – Daymond John, CEO of FUBU, Shark Tank host, and author of Rise and Grind: Outperform, Outwork, and Outhustle Your Way to a More Successful and Rewarding Life
“We need to have financial literacy in America, not just complaining about obstructionism. We need solutions.” – Kabir Sehgal, bestselling author of 8 books
“Until we have comprehensive financial education, we’ll never see the end of our booms and busts.” Robert Kiyosaki, founder of the Rich Dad Company
“There is a secret psychology of money. Most people don’t know about it. That’s why most people never become financially successful. A lack of money is not the problem; it is merely a symptom of what’s going on inside of you.” – T. Harv Eker, author of Secrets of the Millionaire Mind
“I think people don’t understand compound interest because typically no one ever explains it to them and the level of financial literacy in the US is very low.” – James Surowiecki, journalist at The New Yorker and author of “The Financial Page” column
TV Fills the Financial Education Gap Left by Schools
Only 17 states require a personal finance course in high school as part of graduation requirements (Council for Economic Education). https://www.councilforeconed.org/wp-content/uploads/2018/02/2018-SOS-Layout-18.pdf
47% of adults receive their financial knowledge through television, while 19% prefer newspapers (National Bureau for Economic Research). http://www.nber.org/papers/w10787.pdf
When Influencers Speak About Financial Education, People Listen
As they become increasingly aware of the benefits of financial education, distinguished individuals are more willing to extend their support of initiatives to educate the public about finances. Many of these notable individuals have seen – or perhaps even experienced first-hand – the rising costs of financial illiteracy and the detrimental effect it can have on personal happiness. With the added boost conferred by quotes from celebrities and financial experts, financial education has a better chance of taking off and making a difference in people and communities.
[1] National Financial Educators Council, Making Financial Education Games Interactive [2] National Financial Educators Council, Financial Literacy Quotes and Sayings [3] National Financial Educators Council, Create a Lasting Legacy While You Raise Financial Wellness in Your Community