Adelo Ramirez once ran a successful restaurant, but after his business declined he realised that he had never been properly taught how to understand the numbers behind it. That experience changed his career and eventually led him to create financial-literacy workbooks for schools.In this episode, I ask him what happened, why he believes the education system leaves young people unprepared for adult financial decisions, and what students can do before they earn a full-time salary. We talk about the difference between earning money and keeping money, the spending habits that quietly damage families, and the three practical systems he recommends: record your expenses, calculate your cost of living, and track your time.
Adelo also explains how he taught his daughter business bookkeeping from a young age, why he encourages teenagers to start small businesses at home, and why failing early can be an advantage rather than a disaster.
The conversation ends with a bigger question: could financial education change the cycle of inequality between generations?
Timestamps:
00:00 — Introducing Adelo Ramirez
00:25 — The question that began his financial-literacy mission
01:03 — His restaurant, financial crisis, and search for help
02:04 — The lesson that changed his business perspective
02:43 — The case for adding financial literacy to schools
05:23 — The danger of graduating without knowing your cost of living
08:17 — Why the reason for saving matters
09:00 — Education, critical thinking, and inequality
11:23 — Growing up without conversations about household finances
13:00 — Using schoolwork to make money discussions more open
15:35 — How everyday purchases add up
17:03 — The three lessons young people should learn
18:40 — Debt, extra income, and investing
20:20 — The connection between time management and money management
22:44 — Losing money and rebuilding from the ground up
24:50 — Why lottery winners and athletes can still lose wealth
26:31 — What Adelo sees young people doing wrong with money
28:39 — The teenager who discovered that buying more can keep you poor
31:02 — Raising a young bookkeeper
32:39 — Entrepreneurship, investing, and taking the first step
33:05 — Why parents should let young people try and fail
34:15 — Why finishing matters more than perfection
34:49 — Starting a business before you have major costs
37:19 — The policy changes Adelo wants to see
39:45 — Final advice for young people
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