Financial education is the pending subject of most educational systems to train students and teach them better habits for their personal finance. This is one of the lessons that the businessman, José Elías, wanted to transmit to his son, Marc, who insisted on the trading.
In a publication on his personal account of X, the businessman, has shared how he has managed to make his son understand what this type of financial movements that they do not teach in schools and that are attractive for their possible benefits, but as a speculative good that it is, it also has the adverse effect.
You may be interested
A mechanic reveals the difference between normal and low-cost gasoline: “It’s the same, it’s the same base, what changes are the additives”
A property manager about installing a charger for the electric car in the community garage: “You don’t need any authorization. By law you can install it”
I gave him 1,000 euros to lose
When Marc was 14 years old, he was obsessed with trading, Elías says he loved it: “I gave him 1,000 euros to lose, although he told me not to worry, that he wouldn’t lose it, but obviously, after a month and a half he had lost everything.” Situation that his father already counted on.
“You know what? I paid him the best course of his life. I paid him the course of losing money.” It turns out that he lost the money when he was deceived with binary options: “It is the most basic scam that exists, pure textbook deception,” he says. A lesson to learn real risk management: “Not everyone who sells you something tells you the truth. Easy money does not exist, the markets do not forgive inexperience.”
It is the lesson that the businessman could have explained to his son through a sermon about the dangers of trading, avoiding losing that borrowed money: “But nothing would have been more effective than losing it,” he explains. “1,000 euros for understanding that the world is full of people willing to take your money by selling smoke. It has been the best investment in your education,” X’s post ends.
Bet on a more complete educational curriculum
The story of José Elías directs our gaze towards a lack that persists in educational systems: real and practical financial education. Recognizing the risks, valuing the effort behind making money, identifying financial scams is as essential as learning mathematics and history.
Understanding how money works is a tool for protection and personal freedom. If young people learn to manage, invest and lose from the classroom, through structured and accessible teaching for all, they will face their future experiences as adults from a different perspective.