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Financial Literacy: The Basic Requirement for Financial Freedom

Financial Literacy: The Basic Requirement for Financial Freedom

ISBN: 9781490441887
Publisher: CreateSpace Independent Publishing Platform
Publication Date: 2013-06-18
Number of pages: 98
Any used item that originally included an accessory such as an access code, one time use worksheet, cd or dvd, or other one time use accessories may not be guaranteed to be included or valid. By purchasing this item you acknowledge the above statement.

The author in this book reminds us that money is not scarce and that there is more than enough of it for everyone to have a piece of it. He apportions the lack of it to people’s ignorance in its acquisition, multiplication and retention. Ignorance regarding the acquisition of money and wealth becomes evident in people’s unwillingness to learn the principles governing wealth and laziness in making efforts to search for information and hesitation in the implementation of strategies regarding wealth creation. Illiteracy among the people in developing and underdeveloped countries is the major drawback to financial actualization. While everyone desires to have more money, only the few are willing to stake resources in their quest for financial knowledge. The times we live in somehow encourage instantaneous obtainment of things at the expense of and utter disregard to hard work, patience and know-how. The author in this book echoes the disadvantage of the financially illiterate as that of being vulnerable to those trusted to have their best interest at heart. The financially illiterate easily fall prey to malevolent parties including consultants, financial institutions and their very own governments. To emphasize his utter dismay of such parasitic and predatory tendencies, the author highlights the importance of financial literacy by metaphorically referring to the two types of people, those who go out and make things happen and those prepared to eat crumbs from their masters’ tables. The author further explains the importance of life’s teachings which are aimed at producing in us the qualities that we could never acquire through or from any institution of learning. In explaining the importance of financial literacy, the author advises readers to start taking care of the basic financial matters that are often ignored in their quest for wealth creation. The author takes the readers through the basic reading and interpretation of financial statements so that they could be able to make informed financial decisions as they begin their journey of wealth creation. He has included questions at the end of each chapter to help readers to test their understanding of the text. The book is written as a guide to acquiring financial literacy in the quest for wealth creation.

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