Personal finance is something that is overlooked in the cryptocurrency world. We are so accustomed to people taking care of things for us, that we tend to absolve ourselves of the responsibility.
Cryptocurrency gives us freedom. That also means responsibility. We need to learn about personal finance or be beholden to gatekeepers and intermediaries.
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Financial education is required if people want to do personal finance and that part is lacking in most of the public unfortunately.
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Financial education is left for the parents at home, but sadly many parents don't have the financial education themselves to be able to pass it along to their children.
The education is limited to topics such as saving money for a rainy day, pay yourself first, balancing a checkbook, and credit cards. That's usually as far as it goes. When it comes to showing their children how to make money work for them, many parents can't give their children that education.
So schools don't emphasize financial education, and the parents aren't always the best people to provide financial education to the children. That means we'reon our own to find our teachers and mentors.
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