Moving further along in this Critical Thinking journey, our next step is to gain an understanding of the Universal Standards of Thinking, which are used to assess our reasoning.
Read More
Introducing a three-part series authored by my friend, George Wong. George and his wife embarked on a 56-year Financial Literacy case study working with FOUR generations of family members. George's motivation is to increase family members of all ages financial literacy and lay the groundwork for achieving legacy wealth. I hope you learn, enjoy and REPLICATE!
Read More
Education leads to higher earnings leading to Financial Freedom. This California proposal to cancel math will widen the wealth gaps between races.
Read More
DeVos Makes Case for Alternatives to 4-Year College I have written on the unsustainable cost of college previously. This post shares a recent Wall Street Journal Article on the topic. Ms. DeVos nails it when she discusses the lack of financial literacy. Both students AND PARENTS must become more financially literate. Enabling better decision-making and avoiding a life time of UNNECESSARY DEBT. The cost of college is unaffordable for average American ...
Read More
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 MorePhoto by rawpixel.com - From Pexels Let’s take a test. Here are the rules: Use anything or anybody you can. Take as long as you want. {I always dreamed an instructor would say those words to me one day!} The below questions were developed by the Financial Capability Organization to help test YOUR financial literacy. 1. Suppose you had $100 in a savings account and the interest rate was 2 ...
Read More