Making the right investments can cut this tax burden. This is yet another reason to study finance. Many people find themselves in financial ruin even though they may be extremely successful in their field. For example the news is constantly telling us of star athletes who have gone from making millions to flat broke. Most of these stories could have been avoided with some basic financial knowledge and financial discipline.
Retirement planning is one of the most cited reasons of why finance is important.
This is because it is so clear-cut. You must invest for your retirement. Knowing how can prevent needless heartache later. Ironically, Finance is important because we do not want to have to worry about money. Marriages are ruined, friendships crushed, and health destroyed over money worries.