It is estimated the lack of financial literacy, cost Americans ~ $300 billion in 2018, or three Bill Gates’ fortunes. While financial literacy is not rocket science, 63% of Americans are considered "financially illiterate." People who are financially illiterate have difficulty applying financial decision-making skills to every day real-life situations. SO WHAT EXACTLY IS FINANCIAL LITERACY? Financial literacy is understanding all aspects of money, such as: taxes, savings, paying bills, retirement, budgeting, paying for ...
Read MoreLast week, I discussed the importance of mentors. Finding and learning from mentors is simply an investment in yourself. This week, I want to provide other methods to beef up your investment competencies. The following are some tried and true ways that I have been able to increase my investment knowledge: • Formal Education: Community colleges offer short and inexpensive courses. You can return to college and pick up a degree ...
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