“Education does not mean teaching people to know what they do not know;
it means teaching them to behave as they do not behave.”
John Ruskin, 19th century author

Tuesday, May 31, 2011

Educate to their stage of competence

When I'm asked to present to a group it is common that I am asked to give tips based on life stage. For example tips for people with young families.

That's an ok starting point but consider this: if they are hopeless with their money the recommendations for how to save for children's education will be useless. They don't have the financial competence to implement the recommendations.

No matter what stage in life you are it is your current level of financial competence that determines the strategies that are right for you right now.

So rather than creating a workplace program based around life stage create one based around their stage of enlightenment and competence.

You can start by creating a program around The Six Stages of Wealth Creation. Most people sit within the first three stages so you can quickly cover a lot of people. Watch my brief presentation below for an insight into the different stages of competence.

A great starter presentation in your organisation is one built around helping people identify their stage of competence. (For example my presentation "Money for Life".) Your follow-up programs can then be targeted to the needs of each stage. By doing so you'll get the right people in the room because they'll know where they are at.

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