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Showing posts with the label financial literacy

Have An Emergency Fund

I came across this concept a few times while reading. The truth is that you never know when a problem can happen. When a problem happens, you want to completely focus on resolving the problem. You don’t want to split focus between financial matters and the problem at hand. Why Didn’t They Teach Me This in Schools: 99 Personal Money Management Principles to Live By  was written by Cary Siegel. It’s a great book. Having an emergency fund was one of the principles.  Schools focus on socialization and not financial survival. One purpose of school is to get you ready for adulthood. Your true goal is not this. Your goal is to survive financially regardless of what comes up. My story   I work for a large company. Working for large companies has benefits. One benefit is steady employment. I’ve been at my company for eleven years. Over the years, I’ve been able to set up a contingency plan. The economy may take a turn down or someone in the family gets sick, y...

Financial Literacy Simplified

One Book You Should Read If You Haven't Already Rich Dad Poor Dad is a book I wished I read in school.  Don't get me wrong.  Reading Shakespeare, Steinbeck, and Ellison were interesting.  The titles the authors produced are insightful and life changing for most.  I understand the need for fiction.  I always longed for non-fiction.  I love how you can learn so much from a person's stories and experiences in such a short amount of time.  Rich Dad Poor Dad is non-fiction, but to me it didn't feel like I was reading a book.  I felt a sage was reciting wisdom to me that I needed to hear.  Financial Literacy What is financial literacy really?  Well, let's start with literacy.  Some believe literacy is the ability to read and write.  I really like Alberta Canada's definition .  They believe: Literacy has traditionally been thought of as reading and writing. Although these are essential components of literacy,...