Financial literacy is a must

[Inem]

Financial intelligence is what they failed to teach us in the university back in the days and we are here. But it is a necessary skill to survive in this inflation ridden world.

 

[Starmix]

Wow, I have never heard of any such rule but glad to know about it and will certainly try to learn more about it

I learned this Rule 72 because I am also a member of World Financial Group ( WFG) and its branch is in the Philippines specifically in Cagayan de Oro city where I live. Its branch name is International Marketing Group ( IMG).

 

[Salt]

I learned this Rule 72 because I am also a member of World Financial Group ( WFG) and its branch is in the Philippines specifically in Cagayan de Oro city where I live. Its branch name is International Marketing Group ( IMG).

Wow you are incredible and doing well by learning all thing and you also share with us and I would love to learn more such things from you.

 

[Starmix]

Wow you are incredible and doing well by learning all thing and you also share with us and I would love to learn more such things from you.

Should you want to open a branch office OF IMG in India just tell me. You may attend the seminar online. This is a very good company. You will learn many things on their products like KAISER mutual funds and more.

 

[Kubiatabasi]

It takes am experience with poverty before you start running around looking for help on how to manage your finances. Kids must be taught this things early in life.

 

[Starmix]

It takes am experience with poverty before you start running around looking for help on how to manage your finances. Kids must be taught this things early in life.

Yes, you are so right, kids must be taught about the importance of saving and the hardship of attaining money. This will inculcate in their minds and have fear of spending their savings in the wrong way when they grow up.

 

[Good-Person]

I am lacking in this so I know what I need to achieve next and this is what that can help us multiply our earnings

I think that it is very important for a person to be literate when it comes to financial manners. This helps a lot, I guess.

 

[Heatman]

We need to be financially literate. This helps us save and spend in the right way. We will also know the right bank for our saving plan. Then when are financially literate, we have the budgeting control and can handle or manage debit and credit, and foremost, we could start an investment of our preference. If one has no financial literacy, he may have no control over his spending, thus no saving may happen. We will be guided on how to be smart and wise in dealing with our money.

Anyone who doesn't know how to manage his finances properly will always be struggling with becoming bankrupt as quickly as possible because you are going to be getting into so many expenses more than what you are making money and that is likely going to mess up your financial status.

 

[Frank]

Many people complain because in schools people are not taught to manage their money and in general a good financial education, but they do not do much to learn about personal finance by themselves, today with all the resources we have access to we can educate ourselves easily and simply for example from the internet, that is, with podcast, books, audiobooks, videos etc, whoever wants can do it.

The truth is that those that are complaining have not taken time to study how life is structured. It is not everything that school should teach you. School just open your eyes to what is really happening and it is now left for you to be in charge to ensure that you make better decisions especially financial decisions than someone who didn't go to school.

 

[Good-Person]

Anyone who doesn't know how to manage his finances properly will always be struggling with becoming bankrupt as quickly as possible because you are going to be getting into so many expenses more than what you are making money and that is likely going to mess up your financial status.

I think that earning a lots of money is also one of the main aspects of avoiding bankruptcy. If you have an income stream that generates passive income, then you will less likely go bankrupt. This obviously requires a person to have knowledge about finances and this is why financial literacy is quite important, as it could prove to be handy.

 

[Heatman]

I think that earning a lots of money is also one of the main aspects of avoiding bankruptcy. If you have an income stream that generates passive income, then you will less likely go bankrupt. This obviously requires a person to have knowledge about finances and this is why financial literacy is quite important, as it could prove to be handy.

When you are making all the money in the world but you are still highly extravagant when it comes to spending on those things that are necessary for you to spend money on, you will still end up finding yourself in a situation of becoming bankrupt. So, it is not about making enough money but how frugal you are when it comes to spending money.

 

[Starmix]

Overspending is one effect of financial ignorance leading to brokenness. Money is easy to spend and easy to disappear if there is no financial literacy. Let us follow Rule 72 of Albert Einstein to know when money works for us and when to become a millionaire.

 

[Heatman]

Overspending is one effect of financial ignorance leading to brokenness. Money is easy to spend and easy to disappear if there is no financial literacy. Let us follow Rule 72 of Albert Einstein to know when money works for us and when to become a millionaire.

Exactly! It's so very easy to spend money than to make money. This is why it's very easy for someone to waste $1 million in one night but try making $1 million in one night let's see if that's going to be possible unless the person is into a very serious crime like drugs etc!

 

[Starmix]

There was a Lotto winner in my country, I think he won P210 million pesos ( $ 78,000 USD more or less) but he spent much without thinking and gave some to his friends and after one year, his money disappeared like smoke. He is now broke.

 

[Debashis]

Financial literacy is really important to navigate the complex world of personal finance. It helps individuals make informed decisions about saving, investing, and managing their money. Without financial literacy, people may fall victim to scams, make poor financial choices, and struggle to achieve their financial goals.

 

[Heatman]

Financial literacy is really important to navigate the complex world of personal finance. It helps individuals make informed decisions about saving, investing, and managing their money. Without financial literacy, people may fall victim to scams, make poor financial choices, and struggle to achieve their financial goals.

I found out recently that most people that have enough money are always looking at investing some of the money in projects in order to make more money from their investment but unfortunately most of them lack in the knowledge of knowing how to avoid putting their money into scam and scandalous project. This is why they need financial education so that they will know exactly how to use their money in terms of investment.