Importance of Financial Literacy & How it Sets You Free!

 



What is Financial Literacy?

Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. - Investopedia

Steps of Financial Freedom-


1. Become Debt-Free-

Pay off high interest loans, and credit card bills. Careful with loans that give penalty for pre-payment though.

2. Save Tax the Legal Way:-

Study Tax Laws, use insurance, donations, tax-free bonds, etc. to save tax and pay your fair share of tax instead of over-paying. Consult a licensed tax practitioner or a Public/ Chartered Accountant from your country.. 

3. Invest:-

 Invest in bank deposits, mutual funds, and even property to start accumulating wealth which will be useful for paying off your expenses now or when you retire.

4. Secure Your Future:-

Use Term Insurance, Health Insurance, and Trust Deed / Estate to secure the future of yourself, and your family.

5. Promote Financial Literacy in Your Family & learn yourself too:-

Encourage your children, grandchildren, and family members to learn about financial literacy, and encourage financial independence.


Watch my video about this:-



FINANCIAL LITERACY LINKS-
Investopedia info-

FREE COURSES-
Alison Financial Literacy (Learn & quiz free, certificate paid)- https://alison.com/tag/financial-literacy
Coursera (Learn free, quiz, and certificate paid)- https://www.coursera.org/courses?query=personal%20finance&page=1
Over 5000 paid + free Udemy courses (If paid, you get a certificate, many sales happen on Udemy with huge discount)- https://www.udemy.com/courses/search/?q=financial%20literacy&src=sac&kw=financial%20liter

BOOKs on Amazon-

1. Rich Dad Poor Dad by Robert Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680178/

2. One Up One Wall Street by Peter Lynch- https://www.amazon.com/One-Wall-Street-Already-Market/dp/0140127925

3. Intelligent Investor by Benjamin Graham- https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661/

4. The Warren Buffett Way Workbook Paperback by Robert G. Hagstrom , Russell Rhoads - https://www.amazon.com/Warren-Buffett-Way-Workbook/dp/1118574710/

Thank you for reading, and watching my video. Wish you, and your family prosperity and financial success. 

* GET STRESS FREE through Animation, memes, and comedy, check out Christian Neace YouTube- https://www.youtube.com/channel/UCbCXGpNNx_qT7SiutTjKH-Q His Twitter- https://twitter.com/MothaPuncha

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Comments

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