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Kids learn a lot of important skills in school, even before heading off to college. But for some reason, personal finance usually isn't one of them. Though knowing the Pythagorean theorem can...
Robert Kiyosaki, the founder of the "Rich Dad, Poor Dad" empire, says that there are six basic words that are key to financial literacy and education: income, expense, asset, liability and cash ...
Personal finance is the financial management that an individual or a family unit performs to budget, save, and spend monetary resources in a controlled manner, taking into account various financial risks and future life events.
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.
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Financial intelligence requires an understanding of the basics of financial measurement including the income statement, the balance sheet, and the cash flow statement. It also requires knowing the difference between cash and profit and why a balance sheet balances. Understanding the art. Finance and accounting are an art as well as a science.
1. Touch-Typing and 10-Key. Learning touch-typing or 10-key can improve accuracy when drafting documents and speed up productivity, both of which are skills that many employers consider major assets.
A comprehensive financial literacy curriculum provides basic knowledge and skills in personal financial management, such as budgeting, saving, investing, managing credit, retirement planning, and consumer awareness, enabling individuals to make informed financial decisions.