Financial Education Literacy – What the Hell Does That Mean?

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.

Creating Wealth – The Education You’re Not Getting Is Costing You The Most Money

In your pursuit of creating wealth, it’s important to realize the importance of education.

There are 3 important types of education:

  1. The first type of education is a very important and basic education necessary for survival today called Scholastic Education. Scholastic education which is taught in elementary, middle and high schools teaches students how to read, write, do arithmetic, etc.
  2. The second type of education is a professional or specialized education. This education is necessary for professional success to learn the skills taught at a University, Business school, trade school, medical school, law school, etc to become a doctor, engineer, lawyer, professor, etc.
  3. But it’s the 3rd type of education that most people are not getting which is costing them the most money and that’s Financial Education (money managing skills like how to balance a checkbook; understanding basic accounting principles, to distinguish – and be able to define – assets from liabilities, good debt from bad debt, linear income from passive income, etc). This education unfortunately is not really taught in schools (they don’t even teach simple personal finance skills like how to balance a checkbook); most people learn their financial skills either by trial and error (an expensive and often painful way to learn) or from what money skills they picked up from their parents, most of whom have bad money habits themselves (because they never learned, and so the cycle perpetuates). In fact to make matters worse, many college students learn their (bad) money habits from all the credit card offers and incentives they receive on campus, enticing them to sign up for and use credit cards for bad debt – I should know, I’m speaking from personal experience on this one!

(Side note: this is another difference that distinguishes the wealthy from everyone else – they do pass down these critical skills and lessons about money and finance to their kids. Is it any wonder why the rich get richer?)

Too many people are never taught this when they leave school and have no idea what a financial statement even is and usually only come to realize it’s importance when it’s too late in life, when they want to stop working but can’t afford to, once they’ve lost their job, lost their retirement, etc. And unfortunately, they have to learn the hard way usually because their financial statement is in bad shape!

Direct Sale Industry a Leader in Financial Education and Home Based Business

Did you hear the news recently? Unemployment has hit 6.5% in October! This is the worse in the last 14 years.

We hear of massive layoff, every day. The financial industry is upside down. Large corporations are being bailed out by the government and many others go under. Real estate values keep dropping. The economy has been now declared to be in recession.

To further fuel this financial crisis, millions of people born after 1950 have not saved up enough for their retirement. We are facing a financial disaster.

What can we do, now to remedy this situation? I recently read an article by Robert Kiyosaki. This is an excerpt:

“Can you teach me how to be rich?” I asked my teacher. “No”, my biology teacher replied. “My job is to help you graduate so you can find a good job.” “But what if I don’t want a job? What if I want to be rich?” I asked. “Why do you want to be rich?” Asked my teacher. “Because I want to be free. I want to have the time and money to do what I want to do. I don’t want to be an employee for most of my life. I don’t want my life’s dreams to be dictated by the size of my paycheck”. “That’s nonsense. You are dreaming about the life of the idle rich, and you can’t be rich if you don’t have good grades and a high paying job,” said the teacher. “Now, get back to your frog.”

In this article, Mr. Kiyosaki writes about three types of education. Scholastic education, where one learns how to write, read, and to dissect a frog. The professional education, where one is taught how to work for money. The financial education, where one learns to have money work for you instead of you working for the money.

It is Mr. Kiyosaki’s opinion that the United States as well as many western countries are facing a financial disaster caused by the educational system which has not provided an appropriate financial education program in our schools.

Mr. Kiyosaki continues writing that it is imperative that the school begin teaching financial education as soon as possible.

Although Mr. Kiyosaki went to business school, it was not until one of his friends introduced him to the direct sale industry, that he realized that this very legitimate industry was teaching real world skills he never learned in his MBA program.

The direct sale industry not only provides the best opportunity to start your own business from home, but the leaders in this industry coach people, step by step, how to develop the right attitude and posture to become successful. Many direct sale companies have become business schools for the people.

The direct sale industry is open to anyone with drive, determination, and perseverance. You don’t need a college education to be successful in this industry. This industry does not care about your race, gender, how popular or how good looking you are. The direct sale industry only cares about how much you are willing to learn, change, and grow, and if you have the personality and guts to stick it out.

So, if you are serious about changing your future, you may want to consider looking into the direct sale industry. There are many excellent, legitimate companies that have been in business for many years that have great products and that offer generous compensation plans.

The Just Released Secrets of Why the Wealthy Are Dramatically Planning Their Financial Future

The current “tax law” is calling for a gradual increase in how much you can leave behind for your loved-ones over the next few years. However, in 2010, the “estate tax” is on track to become repealed (removed or reversed) and moved back to 2001 levels.

What does this mean for the hard working employee that thinks they have their family’s financial future established? If you are not currently educated on current and future changes in tax laws, your retirement and estate planning goals will be highly affected. In plain English, you won’t be retiring when you thought you would be!

Everyone Share a Different View about Planning Their Financial Future

Not everyone shares the same ideas regarding financial planning. Goals are set usually depending on certain stages of life.

Younger adults will seem to be more aggressive in their financial planning; for example taking higher risks on investments. While those individuals in their prime years will be more interested in making smarter investments and looking toward reducing tax costs as they near retirement.

There is also the matter of beneficiaries (those who will inherit your funds and estates).

Planning your financial future is not only about looking towards retirement and college funds for your children. Unfortunately, 90% of employees disregard this very important detail and realize it when it is obviously too late.

Nevertheless, one can avoid this major financial issue, even in this economy. How? Ask yourself this question:

With all the education you have received in your lifetime, have you ever had the opportunity to attend a course in college (or any other school for that matter) on the subject of “Creating Wealth and Financial Planning”?

The 1%ers Of Financial Planning

Those that have had NO direct affect from our current economic downfall did not receive their knowledge from a college or university course. This knowledge is readily available ONLY to those SEEKING it.

Unfortunately, those that have no direct interest in learning how NOT to become drastically impaired financially will not seek out this information.

Everyone must realize wealth building and financial planning is not only for those that already have successful businesses and are elite entrepreneurs. The education you can receive will directly benefit anyone, in any current financial status, and will only help to INCREASE the current financial level a person resides in.

The “Ultra-Wealthy” are, and will always be, those that are fully committed to maintaining the financial education at its highest level.

In addition, this level of financial planning education CAN and SHOULD be achieved by any individual seeking to enjoy a life of wealth, health, and well-being.

Fortunately, Wealth Masters International has created a financial educational package with the set goal of creating success and wealth in others-one person at a time-as the world’s premiere wealth creation community.

Go right now to http://www.BuildingFinancialKnowledge.com for more information. Be sure and thoroughly examine the information provided by Wealth Masters International and get a better understanding as to why so many are changing not only their financial situation, but their lives as well.

Pablo Gonzalez