Financial Fitness and Wellness | Blog - by SARA CHEVERE

4 Reasons Why Financial Literacy Is Key For Women Entrepreneurs?

Women are one of the most critical business drivers in today's global economy. They represent half of all international business graduates, comprise a large part of the work-force, and formulate 1/3rd of the total percentage of entrepreneurs worldwide. 

Today, we are proud to see women who have committed to diversified roles in all professions worldwide. Their ability to be efficient managers has pushed them to explore new paths and reach new heights.

At the same time, however, women are not as financially literate as their male counterparts. They are often under the impression that financial matters are better-taken care of by men or that they have to rely on a family member for financial management support. 

Independent research conducted to look at women's financial literacy projected that women were more likely to fail at a financial literacy quiz than their male peers. The data suggests the low ability of women to decipher the terms involving in-depth financial...

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April, Financial Literacy Month

APRIL IS FINANCIAL LITERACY MONTH.

Do you know what the lack of financial literacy is costing you?

It is costing each individual in the U.S. a minimum of $10,000 a year.

The lack of financial knowledge is the main culprit. Only five states in the U.S. require financial education in high schools and California is not one of those states.

It is time for you to become financially literate. It is time for you to learn about and take control of your money.

In this class, you will discover financial strategies and concepts that typically only the wealthy know.

This mind-blowing class will not only allow you to learn these strategies but also to apply them immediately.

The key to building great wealth is having great knowledge. Then take immediate action as well as having the wisdom to know which course of action is the best for you.

It's time for you to make your own financial decisions. You can be in the driver seat of your finances.

Are you ready to increase your confidence about money...

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401k, The Poor Men's Retirement Plan

 

Financial literacy is very rare in the US.  Actually, only 5 states enforce some sort of financial class in their high schools.  I am talking about teaching how to pay bills, how to build good credit, how to avoid debt like student loans. 

Among those states are Utah, that scored the highest for having a required semester class on personal finance.  The other ones are Alabama, Missouri, Tennesse and Virginia.  It is sad to say that states like California, Massachusets, and Pensylvania don't even have an education program on how to teach people about money. 

So what does the 99% of the population do when it comes to retirement plans and financial education?  

Most people trust their employer's retirement plans.  Not because they know that it is the best way, but mostly because they don't know any other option.  The majority of people in the United States signed up for their employer 401k retirement plan.  

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