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It is a not a necessary that an economist could be a good manager for his personnel wealth.
However , the economist duty is to explain the economics phenomena and their relations.
It is similarly as Medicine Doctor but he is smoker ? imagine !!
An Economic PhD holder told me once: Our grand mothers they had no education at all, They can bearly read the "ABCs" but they were running there budget as a houswifes much better than the people who had the chance to chase an advanced certifications in Economics. At the end saving money has many factors depends on our needs & goals in life.
Education can give you only the knowledge of basic rules and principles of Economics (For example the best equity traders very often don't have financial background).
It is not good a man should be economist, A common man can manage expenditures prudentially by comparing market price of commodities they want to buy. But there are so many successful businessman neither economist nor highly educated.
No, keeping in view there is always a huge gap between paper and practical in other words theoritical and practical.
It is a not a necessary think a housewife much better in budgeting so education is just give us the knowledge A common man can manage expenditures prudentially
economics study can give you the pasics and knowledge of moderating the economic life, but the real life is the only thing that can teach us how to apply what we have studied on real world by providing us with different experinces.
Yes absolutely right Because economist knows the power of money earned than others
Actually yes a person who studied econonics have a better chance of saving up money than an average person. No it is from experience they have.
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