Financial Literacy – How do YOU Learn About Financial Literacy?
Today, we’re going to talk about “How did YOU learn about Financial Literacy?” Because I think it’s important for YOU to know where I got my Financial Education if you’re getting some tips.
Before we get started on anything else for today.
I want to ask you to ask yourself, “Did I get STARTED on my EMERGENCY FUND?”
This was the homework from our last post. If you haven’t reviewed it, go do it now. To have an emergency fund is SUPER IMPORTANT and you can have several emergency funds (as I do and as I’ll explain later). If you can, deposit $10 this week into your emergency fund at a minimum and you will have already accomplished a lot!
My Emergency Fund Story
In my last post, I detailed that I had about $10,000 to work with for an emergency fund for six months and at the end of my fifth month, I had about $2,000 left of runway. Things were getting shaky there in terms of me about to burn through my last $2,000.
Have you ever been in that situation before?
Have you been in the situation when your money was about to dry up?
That you will be left with NO EMERGENCY FUND?
Maybe, you experience that on a consistent basis and you KNOW how stressful it is. I’m telling you, I’ve been there and it’s not fun. That’s why I’m writing these financial literacy posts to educate as many people as I can about financial literacy because SCHOOL DIDN’T TEACH IT TO US. Did they?
Fortunately, I found a job in the USA that brought me here and ever since then I’ve been at the same job (because they sponsor green cards). That stroke of luck allowed me to get out of that situation.
Not everybody will be that lucky, I don’t want to be a downer, but I just want to emphasize the need for an EMERGENCY FUND that’ll last you six months to a year.
That’s how long I want you to have it because that’s a good chunk of time it’ll give you for you to figure things out.
You’ll thank me later.
Every single person will be in that situation AT LEAST ONCE, if not more times, than necessary.
My Financial Literacy Story – How Did I Learn About Money?
Let Me Rant A Bit
I don’t really want to tell this story, it’s such a long story, but it’s important for you to know where I came from. Maybe you will resonate with my past, maybe you won’t. But if I don’t tell it, we will never know the answer to that, will we?
I hope after hearing my journey, you’ll feel inspired and motivated to conquer the world. Too many of us live in depression, stressful, and unfulfilled lives. Passing time on Netflix or YouTube because they are either living in the matrix or too scared to step out to the unknown…
… I was once there and I spent too much time there. Money REALLY DOES enable oneself and allow them to chase their dreams.
When people say, “money is the root of all evil” the people who say that usually have no money. It’s a very poor mindset. If you think money is evil and bad, then money will never come to you.
Think about it, if money was a person, and you thought this person was evil or bad and they knew that, why would they want to hang out with you?
Biblically:
For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. – Timothy 6:10 KJV
I was raised in a very low-income family.
We did not have much.
Mom was a stay-at-home mom and I remember feeling bad about it when I was younger. I called her lazy because she wasn’t like other moms. All of my friend’s moms were out working and making money for the family while she was at home taking care of us.
There were times when she’d do a brief stint or gig to earn some extra cash while grandma babysat us, but I guess she preferred raising kids instead.
NOW, I realize that raising your own kids have its own importance, because you can impart your own values and beliefs onto your kids (and they are most easily influenced at the tender ages).
Stay-at-home moms are the MOST UNDERPAID job in the world. They don’t even get to contribute to 401Ks (and you’ll learn later why 401Ks are the BIGGEST SCAM in the USA).
Now that I reflected back on that I’m really glad she did that because I think being raised by a loving parent (regardless of being biological or not) is really important for the emotional, mental, and physical development of a child.
That's it for today folks!
Oh, and don't forget to get your FREE EBOOK that goes through all of this in extreme detail in ~40 pages at http://bit.ly/leverage-ebook.
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