Many of us have dreams about winning the lottery. Many of us have plans for what we will do with the enormous amount of money that we might win. Did you know that the majority of people who win the lottery go broke? Statistics show that more than half of those who win the lottery end-up poorer than they were before they won the huge sum. This could be due to a variety of factors, but the main reason is that they lack financial literacy and are not able to make informed decisions that will maximize their wealth and make it grow.

Financial literacy can be defined as being able and willing to learn about finance. Financial literacy is something we are not familiar with, despite the extensive training we received in school and during our employment. We were instead trained as experts employees, a direct result of the industrial age. However, we are not independent or confident enough to invest in our own wealth and take risks.

This is why wealth management training is so important and relevant. While not everyone will have the chance to win the lottery, there is one thing that all of us share: the opportunity to create wealth. Learning how to manage our existing wealth can help us create our own wealth. Wealth management is exactly that – it provides us with a detailed and discursive analysis on which we can build our own financial plan. This includes investments, risk-management, measurement, short term goals and long term goals as well as tax and estate planning.

These words may seem intimidating and large, but they aren’t words that we are familiar with. It’s not something we would normally hear in daily conversation. It’s not something we expect to ask someone when they meet us for the first time. The same way we ask, “So what do your jobs entail?” While there is no section on our resume that mentions “Wealth Management”, there is one that mentions “Employment”. This would be a return to our education and social training. This was how we were taught to be able to test, study, and work hard. These are admirable qualities, but they did not guarantee financial freedom.

Wealth Management training teaches you not only the technical skills needed to manage wealth, but also the mindset, efficiency, and strategy that are necessary. These skills are particularly important in today’s changing economy where finance and the economy are declining.

If you are still skeptical about the idea, you can ask the wealthiest person you know if they have been trained in wealth management. If they don’t say they are, ask them if they pay someone to manage their wealth or “help.” The rich want to be rich. What do you think their secret is?