explain the importance of financial literacy in both in your life and your or other people' s career. Also explain how to promote financial empowerment within a community.
Financial Literacy could be considered as one of the most
important form of education in anyone's life. Consider this
example, if I give you $100 and ask you to invest it somewhere, 90%
of people under such conditions wouldn't even consider stock market
or mutual bonds and are likely to put the money into their bank
accounts. However, if we teach them the way they can earn a greater
percent of return on mutual fund with slightly more risk, now more
people are likely to invest in mutual funds, such is the power of
financial literacy. Most of the time, we are faced with situations
that want us to a rational informed decision, like
How much should I save today to get $2m when I retire?
How much should we spend on credit to not degrade our credit
score?
Most importantly, an important part of our career as well,
How much tax should I pay and how to invest properly to not pay
taxes on our income?
It would be very hard for someone without appropriate financial
knowledge to take correct decisions in all such concerns. On a
career basis, one needs to plan out his career and based upon the
plan, he needs to take decision that can help me achieve his goals,
like mentioned earlier, how much should I save today such that I
have $2m when I retire? For someone who hasn't heard about annuity
and how things work, it wouldn't be possible to take a decision. So
financial literacy is equally important in our careers as
well.
Today's world is connected more than ever before so financially
empowering people shouldn't be as complex as it used to be. One can
make people aware about hundreds of courses available online and
encourage them to take them up, online forums on websites like
reddit or groups on facebook can help people to spread awareness
among people about importance of financial literacy. Such methods
are new and requires people to connect with others in order to get
benefitted. For people who fail to do so, the best way in the
real-world in organising workshops and meetups wherein people learn
aspects of financial world and express the issues they can facing
along with it.
explain the importance of financial literacy in both in your life and your or other people' s career. Also explain h...
How strong are your finance-related skills? Discuss the importance of financial literacy in the life of an entrepreneur; give specific examples from your experience. (200-300 words)
How strong are your finance-related skills? Discuss the importance of financial literacy in the life of an entrepreneur; give specific examples from your experience. (200-300 words)
As it relates to your personal life, explain the importance of financial planning. What steps can you take now to ensure your financial success in the future? What age would you like to retire at? Do you need a financial planner to help meet your goals.
Describe how technology is impacting your personal life. You should address the importance of being computer literate. You should also address the kinds of technology being used in the industry of your current or desired career. Note: My desired career is regional property manager.(4-5 sentences)
Most people fail to recognize the importance of networking and negotiating to their career success. People who are good at networking tend to form better human relations with key individuals who can help them in advancing their professional careers. People who are good at negotiating have a better chance of getting what they truly desire. One’s ability to negotiate affects his or her compensation in the workplace. Negotiating Women, Inc. is a consulting company that focuses on women exclusively by...
based on the material I give. answer the question below
1. In your opinion, Low Literacy can affect a person’s lives in
what ways?
2. In what ways the government can help reduce the issue of Low
Literacy?
Biography of your Economist 1. Judith Maxwell 2. Born date: 19424 3. Places lived and education: Judith Maxwell received her Bachelors of Commerce degree from Dalhousie University in 1963. She then went to pursue her Master's degree in Political Science and Government...
Q1 Why did you choose becoming an accountant as your career? Discuss both occupations (financial broker and Accountant) viability, desirability, the changes occurring the label market from automation and globalisation. Discuss three relevant factors to your personal circumstances to choose an accountant as a career. (Approx 250 words) Q2 - Detail specific goals to achieve within 4 years that align with the chosen occupation (accountant). For each goal, describe how you will reach the goal by detailing an opportunity you...
1. Write out the importance of the item listed below and explain how it related to your future IT career Power supply Motherboard Networking Hardware Networking Media Ethernet IP networking and IP Configuration Wireless: Bluetooth,infrared & NFC SOHO Configuration Wireless network Troubleshooting For each item you identified previously, search for an associated article in an IT journal or professional publication. List the article title, author(s), and publication information along with a brief summary of the article (3-5 sentences about each...
Assume that your aunt recently gifted you $12,000. You are both excited and worried about what to do with the money. You evaluated your options and came up with five possible uses: pay off credit card debt, set aside money for a major investment, such as a car or house, invest the money in a retirement account, use the money for career training/education, or donate funds to a charitable organization that serves the needy within the community. Which option would...
Write a reflective paper describing your leadership style and skills. Reflect on what you have learned throughout the course, and think about how you can use this knowledge to further your career. Use the results of your self-assessments, leadership map, and other course materials to guide your reflection. Begin your reflection with a single statement that concisely summarizes your leadership style and approach. The statement should be one that you could later share on LinkedIn or your resume. You could...