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Mr. George Badejo-Adegbenga’s passionateness for fiscal literacy advocacy is profoundly rooted successful his upbringing.
As a child, helium witnessed firsthand however a deficiency of fiscal cognition led to missed opportunities and economical struggles for galore families, including his own.
As helium precocious successful his career, moving with some businesses and individuals, helium noticed a recurring pattern—financial instability often stemmed from a deficiency of basal money absorption skills.
This realization fueled his committedness to breaking the rhythm by educating people, peculiarly children, connected fiscal principles from an aboriginal age.
In this exclusive interrogation with Legit.ng, helium discusses however penning The Coin Quest became his mode of simplifying fiscal concepts and fostering beardown wealth habits successful the adjacent generation.
Source: UGC
Badejo-Adegbenga said that fiscal literacy is simply a almighty instrumentality against systemic poverty. He said that erstwhile individuals recognize however to budget, save, and invest, they can interruption escaped from the rhythm of surviving paycheck to paycheck.
He said:
"On a larger scale, equipping communities with fiscal skills creates ripple effects—stimulating section economies, improving recognition access, and fostering entrepreneurship. Financial literacy besides empowers radical to request just fiscal services and clasp institutions accountable, contributing to a much equitable economical system."Misconceptions astir fiscal literacy
Badejo-Adegbenga said that successful this portion of the world, a batch of radical person developed a fewer misconceptions astir idiosyncratic concern and fiscal literacy. These misconceptions person further deterred galore from really achieving their potential.
He said:
"One large misconception is that fiscal literacy is lone for the wealthy. In reality, it’s astir important for those with constricted resources. Another story is that redeeming requires important income—while income matters, the wont of saving, nary substance however small, is what counts. Lastly, galore radical judge that fiscal occurrence is astir luck alternatively than subject and informed decision-making."The Coin Quest
He explained that his book, The Coin Quest, was written to situation communal misconceptions astir wealth and show that fiscal state is wrong everyone's reach.
Designed arsenic a travel of find and learning for children, The Coin Quest follows relatable characters connected an escapade to uncover the secrets of wealth management.
Through an engaging narrative, each section delivers a applicable fiscal lesson—covering topics similar saving, investing, and liable sharing—making analyzable concepts casual to recognize and apply.
He said:
"My extremity is to marque fiscal literacy fun, memorable, and casual to understand, adjacent for young readers."He said that determination are captious fiscal literacy skills that each kid and big should larn successful bid to hole for fiscal independence.
Some of these skills see budgeting, saving, and distinguishing needs from wants. In addition, knowing the powerfulness of compound interest, the basics of recognition and debt, and the value of mounting fiscal goals are essential.
He said:
"For children, it’s important to larn the worth of delayed gratification and astute decision-making aboriginal on, arsenic these habits volition signifier their fiscal future."Challenges to fiscal literacy
As helium works to beforehand fiscal literacy, Badejo-Adegbenga faces respective challenges, peculiarly successful low-income communities.
According to him, the biggest hurdle is changing people's mindset. Many successful these areas judge that fiscal education is irrelevant if they don’t person overmuch money.
Overcoming these challenges, helium explained, requires gathering trust, delivering impactful lessons done relatable content, and utilizing applicable examples to amusement that fiscal literacy benefits everyone, careless of their income level.
He said:
"Overcoming this requires relatable contented and applicable examples, showing however adjacent tiny steps tin pb to important improvements. Partnering with section leaders, schools, and fiscal organizations similar Money successful Minutes has been instrumental successful gathering spot and delivering impactful programs."
Source: Getty Images
The relation of schools, families, communities
Badejo-Adegbenga believes that schools, families and communities tin play important roles successful amended driving fiscal literacy conversations.
He said:
"Schools tin integrate fiscal literacy into the curriculum, teaching children astir wealth absorption alongside mathematics and different subjects. Families play a important relation by modeling bully fiscal behaviour and involving children successful conversations astir money. "Communities tin enactment by organizing workshops, creating assets hubs, and encouraging a civilization of redeeming and fiscal planning. Collaboration among these groups amplifies the impact."Badejo-Adegbenga advises governments to embed fiscal literacy successful acquisition and beforehand inclusion done simplified banking. He said nonprofits tin rise consciousness and supply resources, portion fiscal institutions put successful acquisition and connection just fiscal products.
In conclusion, helium noted that cross-sector collaboration, including initiatives similar Money successful Minutes, amended known arsenic MIM Finance, is indispensable to making fiscal literacy accessible to all.
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Source: Legit.ng
