I understand that almost all members here are financially literate. I read books and listen to podcasts on how to become financially literate. I keep on working and only have small savings. It should be saving more and spending less. This way teaches us to have money work for us and not to work hard for money, especially during old age when health declines. Amen to this.
Financial literacy
- Thread starter Starmix
- Start date
My husband was fortunate to have friends in accounting who guided us to make investments at an early age (in our 20s when we were first married). I was so against it at the time because it was hard on us, but now I'm grateful we did it. Try to make some sort of investment that can grow and do it often.
Edited to add, we used to get a lot of financial magazines sent to the home by the companies we invested in when magazines were popular.
Edited to add, we used to get a lot of financial magazines sent to the home by the companies we invested in when magazines were popular.
I am financially literate now but because I was stupid when I was younger I had to go bankrupt which will always be on my file. 🙁
New Zealand and I'm sure the rest of the world have those sales people that come around in the trucks offering all these cool products such as laptops and phones and you get them straight away but paying out money each week I couldn't actually afford. But because I was young I didn't think about how the future would end up for me.
New Zealand and I'm sure the rest of the world have those sales people that come around in the trucks offering all these cool products such as laptops and phones and you get them straight away but paying out money each week I couldn't actually afford. But because I was young I didn't think about how the future would end up for me.
Etini Willie
Reputable
Financial literacy is unfortunately something that we were not taught in school. We were taught theories and theories. I personally discovered financial literacy a little too late.
I read Rich Dad Poor Dad. It was the book that opened my eyes on spending and why we should be careful about the future in terms of investing. Being financial literate is a must.
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