It’s fascinating how a single question can shape the chapters of our lives. Money is an omnipresent theme, weaving invisible threads through our choices and experiences. Yet, few of us are truly taught how to understand, manage, and optimize our finances.
My personal journey (see A slam as a prelude) reflects a much larger reality: millions of people face similar obstacles every day.
Financial education: a lever for addressing universal challenges
The numbers are clear and unequivocal. Nearly 50% of the world’s population lives on less than $5.50 a day, affecting about 3.4 billion people globally. This threshold is not just an economic indicator but a symptom of a persistent global issue that hinders human potential on a global scale. (World Bank, 2023).
Another significant challenge: around 70% of adults in low- and middle-income countries lack access to basic financial education (OECDOECD, 2020). This lack of skills is a major barrier to economic independence and, by extension, to addressing global issues like poverty and economic inequality. Financial literacy is a cornerstone of individual and collective empowerment.
Furthermore, the lack of financial management knowledge is a significant obstacle for many entrepreneurs, directly impacting the performance and sustainability of their businesses. Studies reveal that nearly 75% of French business leaders have never received formal financial training (RDD, SumUp 2021).
Entrepreneurs often find themselves learning as they go, leading to challenges with cash flow management, financial planning, and informed decision-making. In fact, 75% of all startups fail, partly due to a lack of management skills (Learn Things, HBS 2021).
Faced with these challenges, financial education emerges as a solution to better anticipate, invest, and avoid common pitfalls.
Key strategies for navigating financial difficulties
Financial education is not just about imparting abstract knowledge of economic concepts—it’s about equipping individuals and communities with practical tools to manage their resources effectively.
This blog, Rose Or Finance, was born from this reflection: how can we contribute to financial education and transform our financial challenges into concrete opportunities?
Every experience brings lessons and opportunities for growth. Each step of our journey, whether marked by successes or challenges, shapes our development. Rather than seeing obstacles as limitations, we can view them as opportunities for learning.
The true challenge, therefore, is not to avoid difficulties but to learn how to navigate chaos when it arises. As Philippe Gabilliet aptly puts it :
"Luck is not an external, random concept but a skill that can be cultivated."
To achieve this, he recommends building your approach on four key pillars:
- Vigilance: Stay curious and alert to opportunities as they arise.
- Networking: Build connections and collaborate to learn and grow together.
- Learning from setbacks: Every failure is an opportunity to adjust your actions.
- Anticipation: Be prepared to seize the next opportunity by crafting a clear plan.
In short, let’s become the opportunity !
Let’s move forward : transforming our finances
L’argent, trop souvent perçu comme une contrainte, peut devenir un outil au service de nos aspirations.
With Rose Or Finance, my mission is to :
- Simplify financial concepts to make them accessible to everyone.
- Provide practical resources to help you manage your finances, whether personal or professional.
- Create a space where I share my learnings while encouraging others to contribute their experiences so we can grow.
The ambition of Rose Or Finance goes beyond personal finance. While the first steps focus on this area, I aim to explore the broader world of finance, covering topics such as investments, corporate finance, social economy, sustainable finance, and much more.
The goal is to expand the scope to address as many topics as possible that resonate with our needs and aspirations. Because beyond the numbers, understanding and managing finances is about gaining freedom, peace of mind, and confidence. Together, let’s turn financial challenges into opportunities for success.
Thank you in advance for your feedback
Every piece of advice or experience you share will add to the puzzle I’m building with you. After all, it’s through small actions and practical tips that we truly learn. So, if you have a method, resource, tool, or solution that has helped you, please don’t hesitate to share it. Every contribution counts !