Educate yourself to be financially literate

By Ismaila Ganiyu - July 27, 2022

There is a strong correlation between financial literacy and other aspects of success later in life, such as earning power, credit score, and debt management.

Financial literacy is the ability to understand financial concepts and make informed decisions about money. 

Being financially literate means you can effectively manage your own finances, which is critical for achieving success in life.

Though personal finance is a critical life skill, many people never learn the basics of financial literacy. 

In order to make informed financial decisions and protect yourself from predatory practices, you need to be financially literate. This means understanding concepts like budgeting, saving, investing, and credit.

You can educate yourself on financial literacy by reading books, articles, and blog posts on the topic. You can also attend workshops and webinars, or take online courses.

In order to be successful in life, it is important to be financially literate. This means having a basic understanding of financial concepts and how money works. Unfortunately, many people do not receive financial education until it is too late.

One reason for this is that schools often do not teach financial literacy. Another reason is that people are embarrassed to ask questions about money. They think they should already know everything.

Being financially literate is important for a few reasons.

 First, if you don't understand how to manage your money, you are likely to end up in debt or struggling financially.

 Second, financial literacy can help you save money and make wise investments. 

Finally, financial literacy can help you plan for your retirement.

Formal education will make you a living, self education will make you a fortune!

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