Benjamin Franklin recognised it all those years ago saying, "An investment in knowledge always pays the best interest", and we are still recognising it today.
Financial education can benefit everyone, from the young to those retiring, and those wishing to pass on money to future generations at the end of their life.
For parents and grandparents everywhere, investing in ISAs or stakeholder pensions for their children and grandchildren is a great first step to help them build their own financial future. However, they will need help to understand how to make the most of these investments and all the other financial opportunities that come their way throughout their lives, and financial education is a great solution.
If you’d like to help the younger generation, there are many ways of going about it, says Mark Bridge This week we asked a panel of financial professionals about the best money-related decisions they had ever made. Significantly, the big theme wasn’t shares or pensions but education and self-improvement. Most people felt that the time and money they had put into training had given them the biggest overall return, helping them to secure their career, home and happiness.