Essay on “financial literacy
Answers
Explanation:
FINANCIAL LITERACY “Financial literacy is one of the most important investor basics, especially if you want to be a safe investor, an inside investor, and a rich investor. Anyone who is not financially literate cannot see into an investment. Just as a doctor uses X-rays to look at your skeletal system, a financial statement allows you to look into an investment and see the truth, the facts, the fiction, the opportunities, and the risk. Reading a financial statement of a business or individual is like reading a biography or an autobiography. ” A business has a financial statement, a stock certificate is a reflection of a financial statement, each piece of real estate has a financial statement, and each of us as an individual human being has a financial statement attached to us…Everything – regardless of if it is a business, real estate, or human being – that transacts money has an income statement and balance sheet, whether or not they know it. People who are not aware of the POWER OF A FINANCIAL STATEMENT often have the LEAST MONEY and the BIGGEST FINANCIAL PROBLEMS. ” “While you were in school, you got a report card once a quarter.