Wealth Building Program ? Financial Literacy | Personal finance ...

Posted by admin on February 8, 2012 |
in Personal finance planning

In a world that spins on the dollar, it is a sad, and amazing, fact that most of us end our schooling and get to adulthood with almost no financial skills. At the same time we are about to take on the responsibilities of a family, so we mull through several years ? and sometimes several decades! ? trying to come to terms with the fact that our paycheques always seem inadequate, that our debts always appear to be overpriced, and the realization that it costs a lot more to keep a spouse and children than we would have ever thought possible, if we had thought about it at all.

Eventually, when we realise that the various parts of our financial lives are not relating well to each other, we decide that we probably should look at using a budget. Good idea. Next thing to do ? chase up the bills!

Now, a budget is a good idea. We need to be aware of where we are spending our hard-earned cash and where we need to decrease our spending so we will have a bit more to spend on what we really would like. Of course, a budget is only the starting point of the financial literacy education we actually need, because it only shows us what we are spending at this point in time, and those areas in which we might be able to slice a bit off our spending, but it doesn?t give us a clue as to how we can make the most valuable use of the money we are going to accumulate as a result of using the budget.

Don?t forget -

Knowledge applied is the key to wealth

So we need to go further than just a budget. Much further, if we are to ever realise the kind of life we want to live and of being able to do the things for our children and grandchildren ? and others! ? that we wish to do.

In a time of economic recession or depression, the people who come through best are those who know what is happening and know how to turn it to their advantage. Were you aware that there were more millionaires made during the Great Depression of the 1930?s than at any other point in history?

Since the global recession began in September, 2008, people have lost employment, their homes, and their retirement funds, just as they did during the Great Depression. We are now going through a time during which the greatest transfer of wealth is occurring. The middle class is shrinking and is in grave danger of disappearing altogether.

This is a fact of life, brought on largely by a lack of foresight by those in positions of authority, and happening over many decades. Each one of us is responsible for our own life. Anyone, with the right preparation, can not only survive this difficult time, but also reap the rewards.

What we must know is not just how to protect our money, but also how to live well in the ?new economy?. You can receive the knowledge you need. There has never been a better opportunity for you, and there probably won?t be again.

What will your life look like in 5 or 10 years? time?

To take a stand for your future and learn more, you can access further information privately through this link: http://www.pro-turnkeymarketing.com/?site=CAYM

About the Author

I have managed both offline and online businesses for many years and am concerned with the lack of financial literacy prevalent in today?s society. So when the global recession slashed my retirement fund in half, I decided to do something about it: http://www.pro-turnkeymarketing.com/?site=CAYM

Source: http://www.lechec.com/2012/02/Wealth-Building-Program-Financial-Literacy/

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