When we give into the temptation of greed, we also find it much more difficult to do God’s Will. And individual and corporate greed has been known to destroy careers, relationships, families, marriages, communities, the environment and life itself. In the verse, Jesus tells them “No one can serve two masters for either he will hate the one and love the other, or he will be devoted to one and despise the other. People will grow richer when they know what money is and how to handle it correctly.In Matthew 6:24, Jesus cautions His disciples about money. And that concerns the welfare of the whole of society. As adults they will have better career opportunities, they will have the courage and the self-reliance to take a financial risk, to become entrepreneurs. The public benefits of financial literacy are enormous. that there is no need to spend it all at once. “That is how children will learn that when they are given pocket money they can save some of it up for future needs, i.e. “Children have piggybanks, and it is at that age that we should teach them to save up money, but also to know what they are saving up for,” Ivan Atanasov, co-founder of the Monety (Coins) Academy foundation said for BNR-Blagoevgrad. Saving money and wise expenditure planning are the most important things a child should learn early in life. But times change and even the maxim that we ought to save up for a rainy day seems to have worn thin, because savings should have a specific aim – to make us more money. There is a saying in this country that illustrates well Bulgarians’ attitude to money: People know 2, and they know 200, meaning that we can have wealth, but we can also make do with very little. It is only in the past 10 years that we have been seeing tendencies that have existed in the Western world for at least a century, with families with traditions in business unfolding over generations. On the whole, people do not have any serious savings, fewer than 5% of Bulgarians make any investment that is going to grow with them. They often own multiple properties, some they lease out. Bulgarians now see a home as the biggest asset they could possess. The generations that went to school before 1990 had no way of acquiring this kind of knowledge, as money management skills are connected with a market economy. Bulgarians just don’t have that kind of culture. “The most important skills we need to acquire are how to construct our personal budget, how to invest and how to save up some of the money we make, and how to draw the line between assets and liabilities – the things that bring us money and the things that take money out of our account. Simple mechanisms are at play on the market that Bulgarians should be familiar with, explains Kalin Radulov, an expert who graduated in Sweden, and who now teaches entrepreneurship at the Elin Pelin secondary school No. The problem lies in the fact that people do not have experience or financial culture. Many people in the country have fallen prey to Ponzi schemes, promising investors high profits. The fact that the business of pawnshops and quick loans - lending “easy” money at exorbitant interest rates - is thriving speaks for itself. Nevertheless, Bulgarians’ knowledge of how to manage their money continues to be very poor. In recent years, interest in education in the sphere of commercial and banking operations has been growing, and the most prestigious schools offer financial management programmes. In 1992, the Association of Commercial Banks and the Bulgarian National Bank reinstated the tradition, broken for 45 years, of celebrating Nikulden, the day of St Nicholas on 6 December, as the patron saint’s day of bankers. According to legend, besides patron saint of fishermen and seafarers, St Nicholas also protects bankers.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |