The Financial Literacy Group LLC is committed to reducing the wealth gap in America by providing solutions that ensure that everyone has equal access to financial resources. One person, family, or small business owner at a time is our goal as we strive to teach adults on Main Street how to handle their finances with the same level of skill as those on Wall Street. By means of comprehensive education initiatives, we hope to provide middle-class Americans with the means of achieving financial success.
By 2024, we hope to have trained 20,000 middle-class people a year and given them the knowledge and skills they need to handle the challenges of personal finance. We give practicality top priority in our methodology so that the knowledge gained can be applied right away to actual circumstances. In addition, we are dedicated to cultivating a culture of ongoing improvement, with the goal of increasing the number of people we serve by 10% annually after that.
We believe that Economic Inclusion begins with financial literacy and we will provide a financial education to as many people as we can. We strive to bring financial literacy to America’s diverse underserved middle class, we will teach people from all generations, how money works, how to eliminate debt, cancel interest, improve credit, and build equity and we will optimize their ability to accumulate wealth. We understand the financial educational needs of all generations, Generation Z, Generation X, Millennials, and Baby Boomers.
We believe that Economic Inclusion begins with financial literacy and we will provide a financial education to as many people as we can. We strive to bring financial literacy to America’s diverse underserved middle class, we will teach people from all generations, how money works, how to eliminate debt, cancel interest, improve credit, and build equity and we will optimize their ability to accumulate wealth. We understand the financial educational needs of all generations, Generation Z, Generation X, Millennials, and Baby Boomers.
The President’s Advisory Council on Financial Literacy recently stated, “Financial illiteracy is not an issue unique to any one population. It affects everyone: men and women, young and old, across all racial and socioeconomic lines. No longer can we stand by and ignore this problem. The economic future of the United States depends on it.”
Undoubtedly, financial literacy is an essential ability that affects people and communities everywhere. The need for financial education is greater than ever due to the increasingly complex financial landscape, which is marked by complex investment products, changing banking systems, and volatile markets. It’s not just about knowing interest rates and how to balance a checkbook; it’s about giving people the information and resources they need to manage their money, whether that be for prudent investing, debt management, or retirement savings.
The President’s Advisory Council on Financial Literacy recently stated, “Financial illiteracy is not an issue unique to any one population. It affects everyone: men and women, young and old, across all racial and socioeconomic lines. No longer can we stand by and ignore this problem. The economic future of the United States depends on it.”
Undoubtedly, financial literacy is an essential ability that affects people and communities everywhere. The need for financial education is greater than ever due to the increasingly complex financial landscape, which is marked by complex investment products, changing banking systems, and volatile markets. It’s not just about knowing interest rates and how to balance a checkbook; it’s about giving people the information and resources they need to manage their money, whether that be for prudent investing, debt management, or retirement savings.
Financial Literacy is not just a budget. In fact, it is also a solid financial understanding of the time value of money. It is having skills like long-term vision, the ability to plan for the future, and the discipline to use those skills every day. Being financially literate means understanding where you are today, and having the knowledge needed to develop a road map to get you and your family to the prosperous financial future, you want.
Moreover, financial literacy entails developing skills beyond short-term financial management. It involves cultivating a long-term vision, which includes setting goals, planning for major life events such as buying a house or retiring, and making strategic financial decisions to achieve those objectives.
Central to financial literacy is the ability to create and follow through on a financial plan. This requires discipline, consistency, and adaptability to navigate through life’s uncertainties while staying true to one’s financial goals. It’s about being proactive rather than reactive, anticipating future needs and challenges, and adjusting plans accordingly.
Financial illiteracy is the #1 Economic Crisis in the World, which impacts more than 5 billion people across the planet.
The wealth gap in the United States is threatening Americans’ aspirations for social advancement and equal opportunity. Minorities, women and the least educated have some of the lowest financial literacy rates in the nation, a major concern for businesses that see attracting a more diverse workforce as a business imperative.
It’s time to close the gap between those who know how money works and those who don’t. It’s time to break the cycle of endless debt, foolish spending, and financial cluelessness, so anyone who wants to take control of their financial future has the knowledge to make it happen.
Financial literacy equips us with the knowledge and skills to be able to make sound financial decisions that will help us manage money more effectively. It includes the understanding of how money works, how money is made, spent, and saved as well as how to manage debt. People with appropriate financial literacy generally are better at making financial decisions and how to manage money.
