Thursday, June 17, 2010

How to Become Financially Literate

Becoming financially literate means what to you? If you ask the average person, being financially literate means that you KNOW about money. Let's break that down. What do you know about money? We're taught in school that money is about paying your bills, balancing your checkbook and saving only if and when you have some money left over.

Whatever that means to you, you still have to start somewhere. Remember the old saying, "You have to crawl before you walk" - well, you can begin by getting the best book written on financial literacy - Rich Dad, Poor Dad. Say whatever you want good or bad about Robert Kiyosaki, he has written a book simple enough for a nine year old to understand so this would be the best place to start your financial education. The book is written in plain, simple and easy to understand language - just what anyone can used to get started.

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