Financial literacy
Financial literacy is the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, how he/she invests it (turn it into more) and how that person donates it to help others. More specifically, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. Raising interest in personal finance is now a focus of state-run programs in countries including Australia, Canada, japan, the United States and the UK.
Why do we need the Financial Literacy?
We have all heard stories of lottery winners who are poor, then suddenly rich, then poor again. They win millions and are soon back to where they started. Or stories of professional athletes, who at the age of 24, are earning million of dollars a year, and are sleeping under a bridge by 34. Most people fail to realize that in life, it's not how much money you make, it's how much money you keep.
Many people are focused too much on money and not on their greatest wealth, which is education. If people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer through the changes. If they think money will solve problems, for sure those people will have a rough ride. Intelligence solves problems and produces money. But money without financial intelligence is money soon gone.
So here are the lists of people that were experts on their field that will teach us important lessons about financial literacy:
Why do we need the Financial Literacy?
We have all heard stories of lottery winners who are poor, then suddenly rich, then poor again. They win millions and are soon back to where they started. Or stories of professional athletes, who at the age of 24, are earning million of dollars a year, and are sleeping under a bridge by 34. Most people fail to realize that in life, it's not how much money you make, it's how much money you keep.
Many people are focused too much on money and not on their greatest wealth, which is education. If people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer through the changes. If they think money will solve problems, for sure those people will have a rough ride. Intelligence solves problems and produces money. But money without financial intelligence is money soon gone.
So here are the lists of people that were experts on their field that will teach us important lessons about financial literacy:
- Manny V. Pangilinan
- Warren Buffet
- Robert T. Kiyosaki
- Henry Sy
- Bo Sanchez
- Zig Ziglar
- Larry Bucket
- Chinkee Tan
- Steve Jobs
- Jack Schwager