What is Financial Literacy? Why Financial Education is important? Ep # 4/9

What is financial literacy? Or what does financial literacy mean?
Why is financial literacy important and how to become financially literate?

Mr. Smart will answer all these questions one by one. Firstly, let us define financial literacy.

Financial literacy is the ability to take SMART FINANCIAL DECISIONS which results in DESIRED FINANCIAL OUTCOMES. It is not about knowing the stats and complex financial concepts. Basic financial literacy is simply the ability to make the right financial decisions in personal finance. It is quite possible that a college dropout is more financially literate and successful than a Ph.D. or an MBA.

In fact, educational institutions focus only on scholastic and professional training. They do not teach what is financial education. These institutions do not fully honor the importance of financial education. That is the reason why so many brilliant physicians, engineers, accountants, lawyers, artists, and civil servants struggle in their financial life. They know how to earn money but they really don’t know how to manage money well. So, teaching financial literacy is entirely left to parents. Or the cold, practical world teaches the basic lessons of money in a hard way.

Why not to start educating yourself about money matters and learn these skills in a soft way. Otherwise, the rich will continue to get richer and the poor poorer. Watch the video to know more.
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💡10 Highly Recommended Books

1) “Rich Dad Poor Dad” by Robert Kiyosaki: https://amzn.to/2WTmCYu
2) “Rich Dad’s Cashflow Quadrant” by Robert Kiyosaki: https://amzn.to/36LAWTX
3) “Fake Money, Fake Teachers, Fake Assets” by Robert Kiyosaki: https://amzn.to/2SbYjAx
4) “Increase Your Financial IQ” by Robert Kiyosaki: https://amzn.to/3aY7Zrb
5) “Before You Quit Your Job” by Robert Kiyosaki: https://amzn.to/36PRZUX
6) “The Real Book of Real Estate” by Robert Kiyosaki: https://amzn.to/37Qt70x
7) “Rich Dad’s Guide to Investing” by Robert Kiyosaki: https://amzn.to/2RMRyWW
8) “The 4-Hour Workweek” by Tim Ferriss: https://amzn.to/2nrViAE
9) “The Lean Startup” by Eric Ries: https://amzn.to/2o9tiSG
10) “Eat That Frog: 21 Great Ways to Stop Procrastinating” by Brain Tracy: https://amzn.to/2mBY6uI
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💡Rich Dad Poor Dad Series

Why you should watch the Rich Dad Poor Dad Series? : https://youtu.be/Z4ZGP5yS1vo
Ep 1 – What causes poverty? : https://youtu.be/qc75P3iSIdE
Ep 2 – Pay yourself first: https://youtu.be/Tus1HetPXow
Ep 3 – How to make money without working? : https://youtu.be/GU_vsRG5OyM
Ep 4 – What is financial literacy? : https://youtu.be/SVDRizGKBAU
Ep 5 – How to become Wealthy? : https://youtu.be/1mJd9umfGvk
Ep 6 – Income Tax – History & Explanation: https://youtu.be/5ivSdHggoSw
Ep 7 – How the rich avoid taxes? : https://youtu.be/MCDT66l22-s
Ep 8 – How to get Rich? : https://youtu.be/zMVxkbDgqJs
Ep 9 – Rich Dad Poor Dad Summary: https://youtu.be/pIbeOF0PV5g
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💡How to Get Rich? Robert Kiyosaki’s Biography Series

Ep 1: https://youtu.be/b1kry1eD148
Ep 2: https://youtu.be/6bZDHJ73ZN8
Ep 3: https://youtu.be/4uDS61D3nRY
Ep 4: https://youtu.be/MH_tcjs9TRY
Ep 5: https://youtu.be/nbutZ-jXcQ4
Ep 6: https://youtu.be/NcEsapMKT5E
Complete Biography of Robert Kiyosaki: https://youtu.be/Yf90Cq3jNTI
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💡Other Entrepreneurship Videos

Sales & Marketing: https://youtu.be/-ToQD1baRkI
Business Acumen – Business Skills & Courage: https://youtu.be/gIoOMOCzURk
What is Entrepreneurship? 4 Essential Entrepreneur Skills: https://youtu.be/oEloOzCZLAo
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