Financial Literacy Around the World Only 1/3rd of the world’s adult population is financially literate according to a report by S&P and the World Bank. The research looked at the response from 150,000 people from 140 different countries in 2014. Subjects were asked to answer a series of questions that measure fundamental personal finance concepts. There were 4 questions… Read More »
There’s no shortage of personal finance blogs and financial new sites on the internet to help broaden your financial education. But many of those articles out there are regurgitated filler without much useful material. So I have gathered some practical one-liners I’ve found from around the web and placed them all in this one post. Below is a compilation of over 100 suggestions… Read More »
A new study by the University of Pennsylvania’s Wharton School found that adults in many countries make money decisions with surprisingly little financial knowledge. Researchers asked people in 18 countries THREE simple financial literacy questions about interest rates, inflation and investing. When Americans over 50 years old were asked these 3 questions, only 50% could answer the first two questions correctly. Furthermore, just 33% knew the correct answer to… Read More »
The Struggle “We can’t get the numbers to work and would appreciate some help,” pleads Eric, a 41 year old physician who lives in Vancouver, B.C. and makes $300,000 a year. His wife is a dentist and together they typically earn a combined household income of $450,000. 😯 Eric regrets “not having bought a house years ago.” He further admits that… Read More »
We often become what we repeatedly do because we are creatures of habit, and usually the best way to form a habit is to start early. 🙂 In a book I once read, Secrets of the Millionaire Mind, there’s a story about a successful professional who makes a six-figure salary and lives in a nice house with expensive cars. But… Read More »
Rich people value financial security while the middle class focuses on job security. There use to be a time when these two terms meant the same. When I was going through school my parents wanted me to have a good education, so I could go on to get a high paying job someday. But that was the old way of… Read More »