Hi ladies
The world is changing much faster than I had ever imagined. In our lifetimes, we have gone from making calls in telephone booths to house phones, pagers, and cell phones to smartphones that are literally mini computers! AI is the latest shift in technology that we will need to adopt. There are many questions about the impact of AI on work, so the importance of financial independence and literacy has never been more critical.
Financial literacy is not just about understanding money; it's about making informed decisions to manage household budgets, invest in children’s education, and save for unforeseen circumstances.
There are many things we can do to pursue financial literacy and, ultimately, financial freedom. Here are a few ideas:-
Educate Yourself: It is important to learn about the basics of financial literacy, which involves budgeting, saving, and investing. There are many resources available, from local workshops to online courses.
Create a Budget: Track your income and expenses. This simple step can help you understand if you are living within your means and highlight areas of adjusting expenses that can help provide a balanced financial picture.
Save Regularly: Akiba haiozi! Save, save, save! Set aside a portion of your income each month, no matter how small. Consistent saving habits can build a financial cushion over time. Start with building a rainy day fund then consider investing any savings above the rainy day fund. Our children can learn to save as they watch us do the same.
Invest Wisely: Look into safe investment opportunities that can grow your money. Consult with financial advisors/professionals to ensure you understand the investment opportunities available. Be sure to understand how the professional is paid so you don't end up with a financial advisor who makes recommendations that are good for their bonus but necessarily good for you.
What are your thoughts on financial literacy?
