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• The possession of knowledge and understanding of financial matters, mainly used in connection with all of a person’s personal finances.

• The effectual ability to make decisions pertaining to finance areas in one’s life that will generate money, how that person manages it, and how he/she invest it (turn it into more) and how that person uses it to help others.

Now that we have a basic understanding as to what financial literacy is lets take a quick look at Financial Freedom

It is generally used to describe the state of having sufficient personal wealth to live, without having to work actively for basic necessities.[1] For financially independent people, their assets generate income that is greater than their expenses.

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  1. New Comment
    Posted 3rd September 2016 at 07:38 AM by seoman3066 seoman3066 is offline
  2. New Comment

    Importance Of Financial Literacy/Freedom

    I love this!! I think more people need to take control of their personal lives by being more fiscally responsible. I was in the financial industry for some years and found that people lack even the most basic knowledge. If we were to empower society with financial knowledge I think many peoples problems would be dissolved. Great read, thank you!!

    Also, I think the rule of 72 is a great way of introducing the power of compounding interest!
    Posted 21st June 2016 at 02:48 PM by strive4excellence strive4excellence is offline

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