Wall Street Journal Archives - WEALTH BUILDING POWERS

by Powers Investments Management, LLC June 12, 2019

Financial Literacy

Education secretary says students should have additional educational and career pathways

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 ...

by Powers Investments Management, LLC April 1, 2019

Financial Literacy

FINANCIAL LITERACY IS JUST NOT THAT COMPLICATED – TRUST ME!

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 ...

INCREASE YOUR WEALTH BY INCREASING YOUR $,$$$,$$$ COMPETENCIES

Photo 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 ...