July 31

026 | How Financially Literate Are YOU?


4 out of 5 parents wish they learned more about money as a kid and 59% of parents are uncomfortable talking to kids about money.

On this Podcast, we are going to discuss some financial words that you may have heard but don’t really ‘get’.

I hope it helps a bit on your financial journey and a few suggestions to take you to the next step on YOUR way to financial success.

Do you understand the basics of finance? 

Here's a few financial terms to test your knowledge. Let's see how well you understand:

  1. Being debt free
  2. A monthly budget
  3. An emergency fund
  4. Compound interest 
  5. Investments and insurance differences

These are just a few basic terms that you need to know on your journey to success in finance!

Don’t let some of these financial terms scare you.

Make ‘Having a monthly budget and an emergency fund’ part of your normal vocabulary and you will be one step closer to winning with money!

In the end, it is up to you to become educated in finance. I know you are interested, so now it is the time to take action!

Questions for Review:

  • Do you consider yourself financially literate?
  • If the above answer was no, what would it take for you to become financially literate?
  • Do you have an emergency fund setup and if not how can you begin to start saving for one?

Verse from the Episode: "The way of a fool is right in his own eyes, but a wise man listens to advice." -Proverbs 12:15


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