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Magna Partners
Magna Partners
Great with property, Genuine with people
Published Aug 9, 2023
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Why don't UK secondary schools teach young people about personal finance, saving, stocks, starting or buying businesses, or property investment? Why are we not taught how property works – and the benefits of knowing? The topics that could be covered include saving, how money compounds, mortgages and how they work to the lender's role, values of ownership, and rents to the risks of trading bitcoin and the ethics of gambling. The list is endless.
According to a 2021 survey by the London Institute of Banking and Finance, almost three-quarters of 15- to 18-year-olds said they wanted to learn more about managing their money in class. But UK schools don't teach personal finance and investing as it isn't a part of the national curriculum determined by the government. Yet the UK population would unequivocally benefit from learning how to invest individually.
Financial literacy with engaging factual content for young people – financial education still has a long way to go in UK schools. Suppose schools effectively taught the whole gamut of personal finance and investing. In that case, the average Brit is likely to be more wealthy, capable of earning a higher income and developing a larger surplus between income and expenses – more disposable income freed up to invest in and benefit the broader economy. A financially literate society where the knowledge gap is minimised would have significant advantages.
#IAMMAGNA #magnapartners #propertyuk #propertyinvestment #mortgage
#property #investing #business #entrepreneur #realestate #reels
#propertypodcast #education #propertymarket #propertystrategies
#propertymarket #propertyuk #housingmarket #finanicalfreedom
#propertyowner #realestate #ukpropertyinvestment #propertyinvestors
#buytolet2023
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