Smart Ways To Grow Money

Youssof Altoukhi, a 19-year-old entrepreneur and crypto millionaire based in the United Kingdom, delivered a Ted Talk in 2021 at the age of only 16, discussing the challenges of youth entrepreneurship.

- Ben Beirman

He highlighted a notable lack of basic financial education in schools from "kindergarten to university" and recounted the discouragement he faced from teachers who dismissed his ventures as "useless".

The state of consumer debt in South Africa highlights an alarming similar financial knowledge gap with only 42% of the population being financially literate.

Here are five essential financial lessons, inspired by his philosophy, that should be taught in schools:

Budgeting and tax optimisation

Budgeting, tax knowledge, and other foundational concepts equip individuals with proactive skills to manage their finances effectively.