Getting Money Smart - Real World Financial Literacy
Financial literacy is among the most important things we must
learn. So why is it that it is hardly ever taught in schools?
Some courses touch lightly on the subject, but there is no
subject that will show students how to create wealth and manage
their money. Science, history, mathematics, and English are
extremely important to a child’s education. But some might argue
that, as noble as those subjects are, financial literacy should
be valued even more.
How Rich Is Rich - Wealth Is A State Of Mind Or Is It?
How wealthy should a person be to be considered financially
self-reliant? This is a difficult question to answer. Two
people who have the same financial status in life are likely to
disagree on what defines true wealth. Obviously, we can expect
an even grater difference in the opinions of two people of
dissimilar financial status.
How do we define “rich?” Common answers might include: Having at
least a million dollar net worth, being totally debt-free, living
a chosen lifestyle, owning a house and landscaping it or running
a flourishing business, affording to take several trips a year,
buying desired luxuries, and being able to give to charities.