Chinkee Tan Speaks About Financial Literacy For Teachers
Posted by: Teacher ia | on September 6, 2012
Mr. Chinkee Tan’s talk during the Teacher’s Recess was a look on how teachers can serve as models in building financial literacy and how teachers can have financial security while pursuing their teaching profession.
The moment Mr. Tan took the stage he started right away with a strong statement: “Wrong philosophy is equivalent to wrong living. Money will just reveal the person. Develop a healthy mindset with money“.
According to Mr. Tan the formula to get what we want is simple:
MINDSET + ACTION = RESULTS
I’ve listened to other financial literacy speakers before and so this kind of approach is somehow familiar to me. But something about what Mr. Chink+ said that I strongly agree. In fact, this statement is what brought me to study financial literacy for kids. He said, “The way we were raised when we were young directly affects the way we look at money today“.
And I did have the same idea long before I even read it in textbooks or heard financial experts say it. On the other hand, there is not much research here in the Philippines to get a decent data. Hence, the need for researchers like me. However, his next statement stabbed me “Mere intention will NEVER bring you to your destination“. And that is what I am most guilty of. I’ve got lots of great ideas that has not yet materialized. Yet I am learning and I growing everyday to improve myself.
But before I spill out my life story, let’s focus on Mr. Chinkee Tan’s talk on financial literacy for teachers.
He asked the audience if money was important. “Of course!”. Everyone agreed. But then he asked next “Is Money the center to everyone’s life?”. And you can hear the discomfort of the audience in the air. Some people started moving from their seat. Others, like me, looked at the audience for a cumulative reaction. This time noone was really voicing out their answer. Mr. Chinkee Tan explained that our wrong perception about money is the cause of what is holding us back to create it. Thus, to be able to create the kind of wealth we want – “Education is key”. And that my friends is why I think Mr. Chinkee Tan’s talk suited the kind of audience in Teacher’s Recess. Because as educators we are mostly the primary medium of education. And if we ourselves are not educated about money then what kind of influence – direct or indirect – are we teaching our children?
Three stages key to money
The next thing Mr. Tan discussed are the stages on how to create our wealth which includes:
1. Learn how to create money
2. Learn how to handle money
3. Learn how to grow money
Mr. Chink+ added that “The earlier in life you learn how to handle money the better you are in life. But its NOT about how much money you make. It’s how much money you save.”
Why should we not compare ourselves to other people’s achievements? Mr. Chinkee gave two reasons:
1. You become too proud of your achievements.
2. You will become depressed of your non-achievements.
How to Save Money?
Remember to pay yourself first.
INCOME – SAVINGS = EXPENSES
We’ve always heard of the law of attraction but Mr. Chinkee mentioned another law that we should learn and that is “The Law of Opportunities“. To explain this law he said “Never underestimate the value of education. We should not be worried of the high cost of education but rather the high cost of ignorance.”
Mr. Tan ends his talk with this advice “Don’t focus on money rather focus on the process of creating money”.
What do you think of the advice Mr. Chinkee Tan gave to the educators during Teacher’s Recess? Is there something you think you would like to explore more as a teacher? Share to us what you think by commenting below.