Financial Literacy Training Institute

Financial Literacy Training Institute

Financial Literacy Training Institute aims at creating awareness and giving education of Financial L Financial Literacy Education

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Best factors to consider before investing. - Finalti 07/09/2021

Best factors to consider before investing. - Finalti

https://finalti.com/2021/08/24/best-factors-to-consider-before-investing-best-investment-decisions-to-take-before-investing-wise-investment-decisions-to-make/

Best factors to consider before investing. - Finalti Best factors to consider before investing. Best investment decisions to take before investing. Wise investment decisions to make.

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! 05/09/2021

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

https://amzn.to/3jnvRuh

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

Compound Interest Formula - Finalti 02/09/2021

Compound Interest Formula - Finalti

https://finalti.com/2021/06/27/compound-interest-formula/

Compound Interest Formula - Finalti Compound interest formula developed and used by mathematicians and investment experts is call the rule of 72

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Best Web Hosting 2021 - Domains - WordPress - Bluehost

https://www.bluehost.com/track/moneyvalue/

Best Web Hosting 2021 - Domains - WordPress - Bluehost Bluehost is one of the largest website hosting providers and powers millions of websites. Learn more about our secure and reliable hosting services today!

Best factors to consider before investing. - Finalti 25/08/2021

Best factors to consider before investing. - Finalti

https://finalti.com/2021/08/24/best-factors-to-consider-before-investing-best-investment-decisions-to-take-before-investing-wise-investment-decisions-to-make/

Best factors to consider before investing. - Finalti Best factors to consider before investing. Best investment decisions to take before investing. Wise investment decisions to make.

How to Protect your money - Finalti 19/08/2021

How to Protect your money - Finalti

https://finalti.com/2021/08/19/how-to-protect-your-money/

How to Protect your money - Finalti How to protect your money

Home - Finalti 16/07/2021

Home - Finalti

www.finalti.com
https://www.facebook.com/1429412423945390/posts/3033055623581054/

Home - Finalti Welcome to FINALTI Not-For-Profit Organisation Financial Literacy Training Institute aims at creating awareness and giving financial literacy education to the public. Finalti is registered as a not-for-profit organization ABOUT US … Home Read More »

Homepage | Fiverr Affiliates 15/07/2021

Homepage | Fiverr Affiliates

https://track.fiverr.com/visit/?bta=261467&brand=fiverraffiliates

Fiverr is the Amazon of freelance in the world.

Anybody can follow the link to register and read more about Fiverr.

Anybody can make genuine money from this site.

Especially those that have special skills like designing, writing, blogging, building websites, Accounting jobs, anything, etc.

Homepage | Fiverr Affiliates Get paid to promote the world’s leading marketplace for freelance services. It’s that easy. Earn up to $1000 for a single conversion.

The entrepreneur and the employee - Finalti 29/06/2021

The entrepreneur and the employee - Finalti

https://finalti.com/2021/06/28/entrepreneur/

The entrepreneur and the employee - Finalti “Entrepreneurship is living a few years of your life like most people won’t so you can spend the rest of your life like most people can’t.” (Warren G.)

Compound Interest - Finalti 27/06/2021

Compound Interest - Finalti

https://finalti.com/2021/06/27/compound-interest/

Compound Interest - Finalti The power of compound interest enriches you surprisingly with a matter of time.

[06/26/21]   www.finalti.com

Home - Finalti 24/06/2021

Home - Finalti

When I was a child, my dad told us that the Japanese were aware of three powers…
The sword, the jewel, and the mirror.

The power of the sword (weapons)
The sword symbolizes the power of weapons. Great nations throughout history have invested in their military to gain an advantage over other nations.

For instance, America has spent trillions of dollars on weapons. Because of this, it’s the most powerful military presence in the world.

The power of the sword is based on fear.

It’s the fear that if you don’t have weapons, you’ll be overcome by another power that does. People who rely on the power of the sword say, "It's a dog-eat-dog world.

Personally, I own guns and love to collect them and shoot them.

I have them if I need them, but the power of the sword was never really for me, even when I was in the military.

I don’t believe true power and success comes from the power of the sword.

The power of the jewel (money)

The jewel represents the power of money. I’ve observed there is some truth to the saying…

"Remember the golden rule - He who has the gold makes the rules."

History is filled with examples of the rich using the power of money to gain an advantage.

However, money is a neutral medium.

It can be used for good or for evil.

There is power in money, but it’s not the ultimate source of power and success.

This may surprise you since I’m known for having a lot of money. And my life is based on teaching people about money and how to be rich.
But my calling has never been about just money and being rich alone.

I do what I do because I want people to have true power and success, and it starts with the most important power…

The power of the mirror (self-knowledge)

The mirror symbolizes the power of self-knowledge.

And, according to Japanese legend...

Self-knowledge is the most treasured of all three powers. It guides how all other powers are used, whether they are used for good or for evil.

I believe this to be true.

Let me share a story to help illustrate…

In my senior year of high school, rich dad's son, Mike, and I were lined up in front of a small group of students made up primarily of our class leaders.

Our guidance counselor turned to Mike and me and said…

“The two of you will never amount to anything.”

Those words hurt Mike and me deeply, but that counselor also did us a huge favor.

Essentially the guidance counselor forced us to make a choice.

Would we believe what she had to say about us?

Or would we look in the mirror and believe what we knew to be true about ourselves?

If you didn’t do well in school, or if you were not the most popular, or you're not good at math, or whatever other reasons, you don’t have to sell yourself short.

None of it matters in the long run.

Those so-called shortcomings only count if you think they matter.

If you’re considering embarking on your own financial journey of success, I want to help you with everything you need right now to be successful.

My friend Anik Singal is hosting an on-demand workshop where he’ll share the simple steps to follow to quickly build a profitable online business…

In this workshop, he’ll give you 10 action steps you can take today, share a 7-day launch plan and show you 5 ways to monetize your new business.

Success can rarely be predicted.

Instead, you must determine whether you’ll be successful or not.

You must work hard to earn success.

You must look in the mirror each day and determine what you will be and how you’ll shape the world.

Today I want you to step up, believe in yourself, and start your journey to financial freedom.

Knowledge is the new money.

Robert Kiyosaki

NY Times Best-Selling Author, Rich Dad Poor Dad.
www.finalti.com
#financialliteracytraininginstitute
#Finalti

Home - Finalti Welcome to FINALTI Not-For-Profit Organisation Financial Literacy Training Institute aims at creating awareness and giving financial literacy education to the public. Finalti is registered as a not-for-profit organization ABOUT US … Home Read More »

The U.S. Education System Isn’t Giving Students What Employers Need 18/06/2021

The U.S. Education System Isn’t Giving Students What Employers Need

The U.S. Education System Isn’t Giving Students What Employers Need Companies also need to stop fixating on the four-year degree.

[06/18/21]   "Currency comes from the word current. A currency like a river current or an electrical current needs to keep moving. This is why packing your money in a bank or in a mutual fund reduces your wealth. Your wealth declines because your money is not moving" Currency, which is money of a country needs to be moving to retain its value, same it's for your personal money( currency)."

17/06/2021

https://www.facebook.com/1429412423945390/posts/3011828339037116/

How strongly is financial literacy tied to individuals having emergency savings? Find out the answer and more in Director Annamaria Lusardi’s presentation at last Friday’s 2021 Annual Meeting of the Journal of Accounting and Public Policy. https://bit.ly/3cKZVfQ

The George Washington University
The George Washington University School of Business
GW Alumni

Jeff Bezos is going to space 13/06/2021

Jeff Bezos is going to space

Jeff Bezos is going to space

Why Investors Should Never Simply 'Buy And Hold' 11/06/2021

Why Investors Should Never Simply 'Buy And Hold'

https://www.entrepreneur.com/article/374323

Why Investors Should Never Simply 'Buy And Hold' Traders mock the idea of "buy and hold," and they're not entirely wrong. Investors should monitor their long-term portfolios and rebalance as needed. Otherwise, you may introduce greater risk and the possibility for steep losses.

Home - Finalti 25/05/2021

Home - Finalti

Protect your money from:
1. paying unnecessary fines and penalties when you could avoid paying them by doing the right thing.

2. bandits or thieves, they are always in the neighbourhood.

3. financial scammers, get-rich-quick attitude makes many fall victims of the scammers. One thing is that if everyone make can the money public like that then it's not going to last. Credible and lasting money making ventures are not open to everyone ooooo. Only few know about them and they keep them to themselves.

Have you heard about Qnet and how many people said they have been scammed?

Visit www.finalti.com to read more of similar posts.
©2021, Godwin-Xavier Ayeebo

Home - Finalti Welcome to FINALTI Not-For-Profit Organisation Financial Literacy Training Institute aims at creating awareness and giving financial literacy education to the public. Finalti is registered as a not-for-profit organization ABOUT US … Home Read More »

Home - Finalti 21/05/2021

Home - Finalti

Visit this site for financial literacy education. Select the blog for more to read and learn.

Home - Finalti Welcome to FINALTI Not-For-Profit Organisation Financial Literacy Training Institute aims at creating awareness and giving financial literacy education to the public. Finalti is registered as a not-for-profit organization ABOUT US … Home Read More »

[11/20/19]   "I think those who invest in mutual funds want someone else to do the thinking for them. But the fact that they can move the money around the family of mutual funds just through a phone call lets them feel that they can play tycoons." Ron Chernow

[10/31/19]   ”The lack of money is the root of all evil.” – Mark Twain

[10/24/19]   "A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life." Suze Orman

[10/21/19]   "Financial literacy is an essential skill to thrive in today’s changing economic environment. This is particularly the case for European countries, which are facing low interest rates and new financial and pension products and labor markets. Dealing with the changing nature of this situation requires lifelong learning.

It is particularly important to have accurate information about financial literacy to better serve the needs of different groups of the population and also design programs, products and policies that are evidence-based." — Annamaria Lusardi

[10/08/19]   "Without financial literacy, divorce rates soar, families rupture, and women stay with abusive men for financial security. A lack of jobs contributes to riots and illegal activity. Name any situation and it goes back to money. We need to focus on poverty eradication." (John Hope Bryant)

[10/03/19]   ”Money grows on the tree of persistence.” – Japanese Proverb

[10/01/19]   Tax reduces the value of your money or investment.

You can avoid tax but you should not evade tax. Tax avoidance is legal but tax evasion is criminal.

[09/27/19]   There are no bad investments but there are BAD investors. Every sector is profitable but what do you know about the sector or field that you want to put your money in? Before you put your money into any project or investment get to know more about that sector or field before you invest in it, else you would be a bad investor.

[09/16/19]   What are Assets and Liabilities?
Written byRobert Kiyosaki
Read time:4 min
Last updated:September 10, 2019
803
Understanding the true definition is the key to getting rich
A lot of people come to me asking how they can get rich quick. That is the one question that disturbs me the most because it’s the wrong question. It tells me that they don't have the foundation of financial intelligence required to use their money well if they get rich.
This is because most people don't understand that, when it comes to being rich, it's not about how much money you make. It's about how much money you keep.
Want to be rich? It’s about assets vs. liabilities
My poor dad always told me, "You need to read books." My rich dad always told me, "You need to be financially literate." I believe both were right. Books and learning are important, and so is a strong financial education. And if I had to choose one over the other, I'd choose financial education.
The importance of a firm, financial foundation makes sense when you think of construction. If you want to build the Empire State Building, the first thing you do is dig a deep hole and pour a strong foundation. If you want to build a McMansion in the suburbs, you pour a six-inch slab.
The problem with most people who want to get rich quick is that they're trying to build the Empire State Building on a six-inch slab of concrete. They haven't gone deep. They don’t have a firm, financial education to shore up their financial foundation. Thankfully, my rich dad took the time to teach me about money and poured a strong, financial foundation for my life.
And the number one rule he taught me was: "You must learn the difference between an asset and a liability—and buy assets."
It's so simple a rule that it's almost anti-climactic. But, if you want to be rich, this is all you need to know. It's rule number one. It's the only rule.
The reality is that most people struggle financially because they don't know the difference between an asset and a liability. Partly, this is because schools don't teach people what an asset and a liability is. And partly, this is because those who do learn the concepts learn them from accountants who make them much too complicated.
My rich dad gave me a very simple definition of an asset and a liability.
What is an asset?
The simple definition of an asset is something that puts money in your pocket. Many so-called experts on money and accountants will have a much different definition that involves complex mathematics, but the reality is that unless something is putting money in your pocket, it’s not an asset.
There are many things that can be considered assets. These include things like investment real estate, a business, products like books or art, or the dividends from stock and bond investments.
Rich people focus on building their assets.
What is a liability?
The simple definition of a liability is something that takes money out of your pocket. Common liabilities include things like cars, vacations, clothes, eating out, unused subscriptions, and more.
If you look at the budget of a poor person, you’ll see that it is full of liabilities and has no assets.
The interesting thing is that there are some things that people mistake as assets that are really liabilities. This is because they don’t have high financial intelligence and they take at face value the advice of so-called financial experts.
The difference between an asset and a liability
To illustrate this, let’s look at something most people view as an asset—their home. If you look a traditional balance sheet, your house will be listed in the asset column.
For many decades, since the publishing of Rich Dad Poor Dad , I’ve stirred controversy by saying, “You house is not an asset.” At its publishing, the financial industry howled and mocked me for saying this. In 2008, the start of the Great Recession, caused by massive defaults on sub-prime home loans, people weren’t laughing any more.
Why was this?
It was because they realized the hard truth that many things that are considered assets by accountants and finance people are really liabilities hiding behind smoke and mirrors.
Let’s revisit the Rich Dad simple definition of an asset and a liability: an asset is something that puts money in your pocket and a liability is something that takes money out of your pocket.
Using this simple and practical definition, your home is a liability because it takes money out of your pocket each month in the form of a mortgage, taxes, insurance, and maintenance costs. It does not put money in your pocket. Only if you’re able to sell it at a profit does it become an asset. Many people impacted by the Great Recession discovered that their house was a liability when they were foreclosed, sold on a short sale, or sold at a loss.
Conversely, a rental house can be an asset, if you do your due diligence correctly and are able to collect more rent than you have costs each month. The difference between the rent and the expenses is the net operating income, and it is cash flow that flows into your pockets each month. Therefore, it is an asset.
The rich don’t work for money
I find the difference between an asset and a liability is best understood by looking at the following pictures.

Very simply, the rich don’t work for money in the form of income like employees do. Rather, the rich invest their money in assets that put more money in their pockets, such as real estate, stocks, bonds, notes, and intellectual property.
The middle class and poor work for money and employees and invest their money in liabilities that take money out of their pockets such as mortgages, consumer loans, and credit card debt.
If you want to be rich, I encourage you to begin investing in your financial education today. And your first assignment is to begin studying the differences between assets and liabilities.
By building this firm foundation, you'll understand more about money than 99% of the world and be on your way to not just getting rich and making money but keeping it too.
How are you going to begin investing in your financial education today? For help, check out our free, online community with financial literacy resources here .
Original publish date: October 09, 2012

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