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In 2014, Forbes compiled a list of history's 100 best money quotes. No. 47 was a statement by Robert Kiyosaki: "It's not how much money you make, but how much money you keep, how hard it works for...
According to a study from the Financial Industry Regulatory Authority (FINRA), the financial literacy rate among Americans fell from 42% to 34% between 2009-2019, despite the fact that 71% think ...
Financial literacy is the possession of skills, knowledge, and behaviors that allow an individual to make informed decisions regarding money. Financial literacy, financial education and financial knowledge are used interchangeably. [1] Financially unsophisticated individuals cannot plan financially because of their poor financial knowledge.
Financial literacy curricula can be implemented in various settings, such as schools, colleges, community centers, and workplaces. Depending on the target audience, the financial literacy content can be customized to align with different age groups, financial circumstances, and specific needs. Recognizing the significance of financial literacy ...
Kiyosaki's financial and business teachings claim that financial independence can be achieved through passive income. [27] [28] He also claims that wealth cannot be achieved from going to school and obtaining a traditional job. [29] He advocates for using what he calls "good debt" as leverage to buy financial assets such as real estate. [30]
The problem of financial literacy in America is getting worse, Michael Roberts, finance professor at the Wharton School of the University of Pennsylvania, told Yahoo Finance.
The origin of "cash is king" is somewhat unclear. In George N. McLean's 1890 book How to do Business, or the Secret of Success in Retail Merchandizing, [1] one of the "Twelve Wise Business Maxims" is "Avoid credit, remembering that cash is king, credit is a slave".
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