It is very important to develop financial intelligence, as I read in a book by Robert Kiyosaki, "Money without financial intelligence is money that disappears soon and knowledge is power", and "That money brings great power, which requires appropriate knowledge to keep it and multiply it ".
The first thing that has to be learned is that it is an asset and a liability. I will explain to you:
What is an asset?
It is money that goes into your pocket, for example that is obtained from investments, such as stocks, real estate, common fund, businesses that do not require the presence of one and thus accumulate income, property that generates income, royalties for intellectual property, etc.
What is a liability?
I will say it in a simple way, it is money that comes out of your pocket, for example, Mortgage Loans for own consumption, credit cards, A house or a car are a liability too.
A good idea is to have a job not to earn money but to learn, and at the same time have a business of your own and achieve increasing the column of business assets, that is, income and thus over time have a financial freedom
What advantages could having a business have?
You accumulate money without being at work, at first you have to work hard but it will pay off, always keeping an eye on the business.
You will have time to spend it with your family.
You will have a financial freedom, which could be inherited to your children and you can instill the values of how to have a developed financial intelligence.
Normally we see that universities only educate people to become an employee and not an employer, this is a disadvantage of universities, the best university for this kind of things is experience, reading books will help develop that knowledge, remember when you work although you earn a good salary but you are exploited at work, you depend only on that monthly check they give you for work, remember when you work in a company, you work to make others rich.
What do you prefer, work for money, or that money works for you, and why?