Glad you asked. Financial Education Literacy means that you know how to make your money work for you and not just you work for the money. Imagine every single $ being a little worker and they are working for you. You are the boss. And the best thing about it is those dollars don’t ask for holiday pay and they don’t go on sick leave. In fact they are happy to work 27/7. Where else could you get an employee like that?
So now that you have imagined that you might want to know how to achieve that. And the simple answer to that is by learning. Yes, you need to go back to school books, well, financial education books anyway. And the good thing is, there are thousands of those books out there. We’ll look it some of them a bit later on.
Making more money will usually not help people to get out of debt because they don’t have Financial Education Literacy. People tend to spend more when they earn more. So when you get a payrise, you just go out and buy a bigger house with a bigger mortgage. Or you run out and get a new car, of course on a car loan. So the more you earn, the bigger the hole gets and it becomes a never ending circle. So what do you do? Well, you have to get educated. The schools don’t teach us how to take care of our money, the schools are quiet happy to churn out good little employees who will depend on that paycheck for the rest of their lives.
But what if you are not happy with that? What if you want more in your life? Well, you are in luck because there are literally thousands of different products out there to teach you everything you need to learn. There are books and there are courses both online and offline to help you get started. The only thing is between you and Financial Education Literacy is your commitment to do it. That’s right, that’s all it takes. You just need to make a commitment and you can have financial freedom.