Is the ability to make smart financial decisions to achieve the life you want, mainly include.
Ø Earning
Income
Ø Paying
debts
Ø Savings
Ø Investing
Ø Managing
your finances
Ø Protecting
yourself financially.
WHY FINANCIAL LITERACY SO IMPORTANT
ü The more
financial literate you are, the more the better decision you will make with
your finances, so the more you’ll have the more effective you will be with your
money.
ü You can
have the best job in the world and still be broke, just because you make more
money doesn’t make you better at managing it, you can also have a low paying
job but still built wealth because you have good management money skills.
ü Without
financial literacy money get wasted that means working more time and building
less wealth.
ü Don’t you
want to afford the better things in life? Without getting yourself into debt,
travelling, buying a home, having children your dream car, are you going to
have enough money when you retire?
ü Being
more financial literate helps you get closer to your financial goals. Are you
able to cover your emergency fund? When you know how to manage your money
emergency expenses can be stress free.
HOW DOES MONEY WORKS.
ü Money is
an accepted payment for goods and services, your either providing a good or a service,
for most people working always take most of your time so essentially your
trading your time for money, you can make all the money in the world but you
can only have so much time, so why are people so inefficient with their money?
Because they are financially illiterate.
