FINANCIAL LITERACY EDUCATION

A significant aspect of success is to think and act different from the crowd. Following what everyone is doing gives a false sense of mental comfort, how can so many people be wrong at the same time?  They can be 🥺🥺 If you want to make great wealth, your methods cannot be the same as everyone else because if what everyone did actually made great wealth, then your wealth wouldn’t be extraordibnary!  To be different you must develop a ‘mind’ of your own. Learn from others, be innovative, creative and accept what is logical but create a new version of it by adding your knowledge skills and experience.  I cannot emphasise this enough but READ relevant books and posts you will discover that you will learn more as you read more. Ignore reels, shorts and videos! that are irrelevant. Only when you go deep into an idea that's when you can truly understand it and become capable of turning it into something that’s truly your own! Be the artist of your own life,  ⭐it's you wit...

Adi Dassler the founder of Adidas One of today’s biggest brands started with humble beginnings, and no one embodies this better than Adidas founder Adolf “Adi” Dassler. Dassler’s shoemaking career began after he converted his mother’s wash room into a shoe workshop. In1920, together with the experienced shoe maker Karl Zech, he began developing athletic footwear and sandals which was his dream as an athlete. While there were plenty of shoemakers at the time, Dassler was committed to standing out in the market by gathering feedback from athletes about what they looked for in a shoe, what pain points could be improved on, and how they felt about his early models. This feedback allowed Dassler to craft an athletic shoe that was highly valued by his customers and gave him legitimacy when he registered “Adi Dassler Adidas Sportschuhfabrik” in 1949 at 49 years old.  Dassler’s vision to create the best shoe for athletes proved itself in 1954 when the German national football team won the ...

One day, friends were arguing a win win debate that "all educated individuals are financially literate". The debate started amongst two friends Daniel and James who had met at the coffee shop as earlier planned.  Daniel was educated with a bachelor's degree of science in education while James didn't go further with studies after completing S6. As they urged, their argument attracted people who were sitted next to them. Those who were educated supported what was saying and those who had not made beyond S6 supported James. They all were not arguing to understand each other but rather both teams played to score. Neither side listened and the noise was high. Daniel in his argument, he said " I understand money issues more you because I earn much, spend much, buy expensive stuff only. James had to surrender because noise from Daniel was much and he had more supporters. He was humbled by words from Daniel's side. Financial literacy is not measured from how much you...

How do you rate your #recordkeeping experience? Two years back, recording and #trackingexpenses was seen to be a more of formal practice for big #Businesses, #Organizations and #companies not until when my friend jokingly asked me a question, "How much do you spend compared to your income in a month?". The truth is that I could earn and as well spend #money but I failed to answer the question that to be simple. My friend had not meant to ask me such a question, we were having fun, sharing stories about how life is taking us. I became curious about knowing how much #cashflows in my pocket, how it flows out and how much cash flows out in a month. I waited for a fresh month to start taking record of every coin or note that came my way as well as any coin or note that was spent. The curiosity to know how much I earned and spend that month kept motivated me to record any #income I earned starting from salary, money from my gigs or side hustles, small debts from friends and any oth...

Why Savings and Creating Assets is Extremely Important. As Netflix became popular, Blockbuster Video business based on renting out home media was destroyed. The company that had over 84,000 employees in 2004 filed for bankruptcy in 2010. Small rental stores owned by ordinary American families began shutting down at incredible speed. Now think of it as if you were one of those families. In the early 2000s you would’ve felt comfortable with your life. Nothing could go wrong. I mean, everyone needed entertainment, so who would stop renting videotapes or DVDs or CDs? And then suddenly, in a matter of less than 5 years, your earnings shrink because people no more come to your store, they’re taking a Netflix subscription. Before you even have the time to understand what’s happening and act on it, you have to shut down the store. Income gone, expenses and debt still heavy.  We usually talk of how recessions take away jobs. But the magnitude to which technological changes put people out of...

THE RELATIONSHIP BETWEEN FINANCIAL LITERACY AND ATTITUDE  Attitude and financial literacy are interconnected and influence each other in different aspects. Let's see how attitude Influences Financial Literacy ✨Motivation. A positive attitude towards finances motivates individuals to learn about personal finance, budgeting, and investment. ✨Engagement. A growth mindset and enthusiasm for learning enable individuals to engage more effectively with financial education resources such as written articles and videos. ✨Perseverance. A resilient attitude helps individuals, businesses and companies overcome financial setbacks, such as debt or market fluctuations, and stay committed to their financial goals. On the other hand, Financial Literacy also Influences Attitude ✨Confidence. Acquiring financial knowledge and skills boosts confidence in managing finances, leading to a more positive attitude and this boosts the financial performance of individuals, businesses and companies. ✨Reduced st...