Essential financial education and so much more
“The key to financial freedom and great wealth is a person’s ability or skill to convert earned income into passive income and/or portfolio income”.-Robert Kiyosaki
Why financial literacy is so important to a happy life
Financial literacy is when an individual is able to make informed financial decisions on a range of financial topics because they possess the required skills and abilities to do so. Thus financial literacy is important to a happy life because understanding your financial situation and knowing what you can do to improve it and manage it makes you feel in control, so rather than victimising yourself you will take charge of your finances and take the right measures to improve it, hence reducing stress in your life.
How improving your financial literacy can benefit you:
- Less financial stress
- Better equipped to reach financial goals
- More ethical financial decision making
- Increased overall confidence
- Potentially increased motivation
- More aware of the consequences of financial decisions
- Better able to detect scams and not fall into the traps of scammers
- May help avoid another financial crisis
- May possibly lead to a better quality life
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