Owing to the low level of financial literacy, many young people end up making mistakes that dog them through their lives. Financial literacy is an important skill that the young people must seek if they are to have a chance in the investment world. It is a worrying trend that even though the young people are charged with managing finances both at personal and corporate level soon after completing their college; they are rarely taught how to do it prudently based on standard practices.
Another reason that greatly affects young people and hampers their ability to become financially independent is the choice to attend expensive schools. According to the financial analyst and investment adviser, young people and their parents are overly obsessed with attending expensive schools. The obsession leads to the young people committing to huge financial burdens that they carry to their career life. It is important to assess the value of the student loans extended by various bodies and only attend schools that one can afford to pay for or take a loan that falls within manageable amounts. Christopher Linkas says that if young people looked around, they would discover many options of schools that offer just as good an education as the one they would get in the expensive schools.
Brief on Mr. Christopher Linkas
Christopher Linkas plies his trade in the UK where he trained and has served for his entire career as an analyst in financial circles. He has collected a vast body of knowledge from the various companies he has worked for. He has a special place in his career about the financial well being of the youth who he says need to be educated on a range of financial skills. He laments that it is unfortunate that schools do not usually consider financial skills as a general and highly important area of one’s life. Christopher Linkas says that he has witnessed young people make terrible mistakes regarding their finances; mistakes that could be avoided if they were equipped with the right skills. He pointed out that the young people often create financial burdens even when they are still depending on their parents. He cites the issue of choice of schools, among others, as a primary cause of some of the financial quagmire that the young people grapple with.