Why Financial Literacy Matters and Resources to Help You Improve Your Knowledge | INVESTEDMOM
Financial literacy is a critical skill for personal finance success. It's the ability to understand and make informed decisions about your money, including managing your budget, saving for the future, and investing wisely. However, many people lack the knowledge and skills necessary to make informed financial decisions.
In this article, we'll explore the importance of financial literacy and provide some resources to help you improve your knowledge.
Why does financial literacy matter?
Financial literacy matters because it can help you achieve your financial goals and make informed decisions about your money. By understanding the basics of personal finance, you can avoid common mistakes and pitfalls that can lead to debt and financial insecurity. Financial literacy can also help you build a strong financial foundation for your future and prepare for unexpected expenses and emergencies.
Related Reading: Master Your Money: 5 Steps to Improving Your Financial Literacy and Building Wealth
Resources to improve your financial literacy
There are many resources available to help you improve your financial literacy. Here are some of the most popular and effective resources:
Books: There are many books available on personal finance and investing that can help you improve your financial literacy. Look for books written by reputable authors and experts in the field. Check out my recommended reading list here.
Podcasts: Podcasts are a great way to learn about personal finance and investing while on the go. Look for podcasts that are hosted by experts in the field and cover a range of topics.
Online courses: Online courses can provide in-depth instruction on a variety of personal finance topics. Look for courses that are reputable and taught by experts in the field. If you want the best course on how to increase your income, sign up to work with me.
Financial advisors: Financial advisors can provide personalized guidance and advice to help you improve your financial literacy and achieve your financial goals.
Government resources: The government provides many resources on personal finance and investing, including the Federal Reserve's "Money Smart" program and the Securities and Exchange Commission's "Investor.gov" website.
By utilizing these resources, you can improve your financial literacy and make more informed decisions about your money. Remember, financial literacy is a lifelong journey, and it's important to continue learning and improving your knowledge over time.
Related Reading: 10 Steps to Start Investing Your Money Today: Learn the Basics on how to Build Wealth and Get Started today
What's next?
Financial literacy is a critical skill for personal finance success, and there are many resources available to help you improve your knowledge. By taking the time to learn about personal finance and investing, you can build a strong financial foundation for your future and achieve your financial goals.
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Stay Invested xx
Meet the Author:
Inge was born and raised in Cape Town, South Africa, and moved to Canada in 2010 looking for a better life. She always had an entrepreneurial spirit and started her first side hustle when she was 9 years old – selling fudge at school during lunch breaks.
It wasn’t until much later that she realized that saving isn’t enough to get ahead. She was always very interested in real estate, but saving up for a down payment was grueling and slow, and the demands of life kept getting in the way.
She started investing in herself and upgrading her skills while learning how to invest. She quickly became debt free and compounded her money at a staggering rate.
It wasn’t until she became a coach that she realized how significant an impact she can make in people’s lives by sharing her journey, learnings, and processes.
So here she is, advocating for everyone who is invested and wants to build their wealth, especially the mommas!