FINANCIAL LITERACY📚
THE GOLDEN KEY TO FINANCIAL FREEDOM 🔑
What is FINANCIAL LITERACY???
FINANCIAL meaning "FINANCE, INVOLVING MONEY"
LITERACY meaning "THE ABILITY TO READ OR WRITE."
Looking at it in this frame it's easy to see that "FL" is the ability to read or write using MONEY!!!
CREATING TIME TO LEARN=$$$$$
FL= "FINANCIAL LITERACY"
I personally think a lot of people like to make these subjects as complicated as they can possibly be, so I will try to be the change I want to see and make this really simple!! First and foremost "FL" is a SKILL something you need to LEARN!!! BECAUSE it is a SKILL and you have to LEARN it is also something that takes time and dedication:) To keep this simple know that FL is a vast subject mainly regarding money and finances and it's just made of a lot of words like assets, liabilities, income, expenses.. The more of these words you learn the better off you will be in the long run.. Just take your time be patient! read books! watch videos!!
ALL MONEY IN NO MONEY OUT
That's the goal right?? Well how do you know if that goal is being met?? By being FINANCIALLY LITERATE!! How do you know if your company is making money and how do you know if your company is losing money? By understanding INCOME and EXPENSES!! BY BEING FINANCIALLY LITERATE!!!
INCOME is money coming IN
EXPENSES is money going OUT
If your expenses exceed your income you will be losing money it's common sense . You will have too much money going OUT and not enough money coming IN!!
Another "FL" term for what is going on could also be considered CASH-FLOW.
IN and OUT = CASHFLOW
ASSETS VS LIABILITIES
BEING FINANCIALLY LITERATE TEACHES YOU WHAT IS A ASSET AND WHAT IS A LIABILITY!!
Assets are something that bring money IN(income) and liabilities(expenses) are things that take money OUT!! What is important to understand is that ASSETS can become LIABILITIES let's say, I buy some fake meat stock, because veganism is trending! Gr8 asset im making money!! 3 months later..... Oh no the CEO of said fake meat stock pulled a mike tyson on someones ear!! UH OH my asset is now a liabilityy!!!ANYTHING CAN HAPPEN IN MARKETS!!!!!
MARKETS
Understanding "FL" allows you to understand the big bad scary "market". You understand when money is coming in and you understand when coming out!! THUS you "kind-of" in theory understand the market!! What's important to remember is that you don't know everything about "fl" so you can't possibly know everything about the "market". The market goes up and it goes down! It's life you try to buy it when it's down and you try to sell it when it's up!! Your "FL" skills let you know how good you're doing that and wether or not you should probably take your ass back to a 9-5!!!
SMART GAMBLING VS STUPID GAMBLING
First I want to say gambling is gambling at the end of the day. SMART OR STUPID its gambling. You have to understand there is risk ALWAYS!! it's all about minimizing the risk and maximizing the reward that is the SMART way!! You can argue and say we gamble to be entertained and as long as you had fun it was worth it! but i disagree i think we should gamble to win AND have a good time:) and how do you do that? well u make money :D!! Being aware of the coming and going of your money is going to make you a "SMART GAMBLER"!! Let's take an example of two people, we will learn from them and decide what we want to do with our money..... Player 1 spends his time and money trying to get rich from a slot machine everyday he is playing and showing up his philosophy is "you cant win if you don't play"!! he leaves it up to luck and fate to hit a jackpot! not calculating the stupendous amount of money he has already put into this losing game...... Player 2 is smart and calculated he's the guy who owns the slot machine!!!
Both people are playing the beautiful game of risk and reward.... Both people risking for a reward...
Player 2 is a smart gambler he isn't playing against luck!! He's playing against players 1 desire to hit a jackpot!!!! and at the same time people do hit jackpots and get lucky but the point is to not rely on luck and be smart and have a definite plan!!!
CONCLUSION- ITS ALL A GAME
Thank you for taking your beautiful time to read this i hope i have offered you some valuable insight into my perspective of financial literacy!! my ultimate outlook on this subject and probably all of life!! is that ultimately, ITS ALL A GAME... We are playing a video game in real time... I love it.. I want as many points(money) as possible!!! I see financial literacy as a skill in a game that let's us make the correct decisions and go down the right paths!! sort of like a seeing eye that lets you know all the right moves!!! I think FINANCIAL LITERACY is one of the ultimate skills to unlock for your life!! it will open up the gateway to financial freedom!! it will let you operate in a way that feels like your finances are on auto-pilot and all you have to do is continue to show up EVERYDAY!!! remember this is all a game and to take it one level at a time you can not skip levels at all!!! You must defeat one boss at a time and ultimately you are the final boss!! it is your responsibility to not spend when you know you dont have!! it is your responsibility to take 2 and make it 4 and then make it 8 it is your job to multiply!!!! i believe in you and have the most faith in you!!! be positive and be persistent and anything can happen for you!! MUCH LOVE MY FRIEND GOD-SPEED TO YOU ON YOUR FINANCIAL JOURNEY, SPIRITUAL JOURNEY, HEALTH JOURNEY, ANY JOURNEY YOU MAY BE ON MY FRIEND I WISH YOU THE BEST OF LUCK AND GOD SPEED!!! LEARNING AND APPLYING IS BETTER THEN LEARNING BY ITSELF!!!!!!
FOLLOW ME ON TWITTER!! TWITTER