How is it that some people survive a recession better than others? The simple truth is that they know something that the others don’t – knowledge is the key to surviving an economic downturn!
Where do you turn to become financially literate? Our school system has failed us in this area of literacy; most teachers do not understand that money management is more than learning how to balance a checkbook. Those in the financial services sector – bankers, financial planners, etc. – have a vested interest in providing information, because they are expecting to get a sale out of the members of their audience.
I pity those who lack financial knowledge, because their standard of living will suffer. I’m sure that no parent wishes that their child should ever suffer the consequences of not understanding how to make one’s life better through sound money management. The problem for most parents is they themselves really don’t understand how to teach their children about money.
I’m in the process of creating a financial literacy course for teenagers and their parents. It will be up and running in the next few weeks. For more information please drop me a line by clicking here.
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