a lot of people already knows what they need to do but just fails to do it
New York, NY (PRWEB) October 13, 2016
National Debt Relief recently shared, in an article published October 5, 2016, how education and financial success coexist with each other. The article, titled “Why the Key to Financial Success Isn’t More Education,” explains how education, as helpful as it is with financial success, is not the only factor that needs to be considered.
The article starts off by pointing out that consumers have a pretty good idea of why their finances need better management and oversight. People know that they are spending too much, borrowing too much, not investing enough and even putting blame on the government for their financial shortcomings.
In all these, the article shares that consumers would be too quick to put the blame on lack of financial education as a big factor in all their shortcomings. This has some truth in it because it would be challenging to put together a financial plan when the consumers do not know the first thing about financial management.
However, the article underscores the fact that a lot of people already know what they need to do but just fail to do it. It is not a matter of shortage in financial education as it is a problem about personal motivation. A lot of consumers know that they need to save or that they need to cut down on expenses but they just don’t have the discipline to do so.
The article explains that this is much like how a person would journey through a weight loss goal in life. They know exactly what they need to do and they can easily look up information at this digital age. The challenge is getting started and sustaining their progress and more than not knowing what to do.
To read the full article, click https://www.nationaldebtrelief.com/education-key-financial-success-wrong/