Financial education as a means for personal wealth

Abstract

The article analyses the necessity of supplementary education in the field of personal investments. In spite of the possibilities of various resources of information before making an investment decision the risk of possible investment losses lies on he housholder itself. The accurate asset allocation during the life cycle helps for the accumulating sufficient amount of money not inly in the middle ages for children's education and purchasing of house but also for wealth in the retirement period. Unfortunately the results gained during the investigation in Lithuania indicate that in general the familiarity with investments is very low in our society. The knowledge in personal finances is bad in all groups despite their education or skills in investment decision-making. So the society should decide when and to what extend people should be trained to manage their finances in order to increase their income for their own wealth. Itis obvious that such education should last all the life of human being.