Financial literacy is important because it equips us with the knowledge and skills we need to manage money effectively. Without it, our financial decisions and the actions we take—or don’t take—lack a solid foundation for success. And this can have dire consequences:
- Nearly half of Americans don’t expect to have enough money to retire comfortably.
- Credit card debt has reached its highest point ever.
- Forty percent of Americans can’t afford a $400 emergency expense.
Given the above statistics, it might not be surprising that nearly two-thirds of Americans can’t pass a basic test of financial literacy.
To explore the importance of financial literacy, we've provided some resources below on how financial literacy is import and how you can use it to fix your finances.
Recommended Resources
Your Personal Financial Success
America is the wealthiest country in the world, accounts for over 25% of the world’s wealth and is home to over 12 million millionaires. Over 1000 people become millionaires in America every day, but even with all this wealth millions of Americans are struggling financially. So, the question is, why?
Create Your Own Stimulus Package
Currently, America is facing an economic decline due to the current health epidemic. Millions upon millions of Americans are suffering financially. Do you worry about how a potential recession or economic slowdown might affect you and your finances? So, the question is, why?
Get Your Money Back
Millions of hard-working Americans are overpaying their taxes on average of 33%, that's equivalent to $100-$500 a month, $1,200-$6,000 a year which is leaving people with not enough money for their lifestyle necessities. So, the question is, why?
30 For 30 Financial Challenge
Many hard-working Americans face the same struggles and challenges when it comes to building financial security, saving money, and adjusting to major life events. The good news is that you don't have to face these issues forever. So, the question is how?
Free Financial Workshop
Connect with me LIVE in my private FB Group The Financial Liberation Experience to learn how you can use a system, strategies, software & support to improve your own finances. So, the question is how?
Free Financial Workshop
Learn how to take care of your Personal Economy just as governments and corporations take care of theirs. I'm personally inviting you as my special guest to listen to an individual who used Biblical principles and $10 that build wealth from that. So, the question is how?
Just by using the Income Shifting strategies, I was able to fix a mistake on my W4 which allowed me to put an extra $200 back into my paycheck. It's a blessing to position myself to have the gov't to tell my employer to give me a pay raise instead of asking my boss.
Valarie Byrd
I was introduced to the Income Shifting strategies and I was able to put an extra $176.50 back into my bi-weekly paycheck. That's $353 a month. All from understanding the Power of Income Shifting. Anyone can learn how to get their money back.
Brooke Byrd