Why is so important to be financially literate?
After Lehman Brothers' collapsing 1 year anniversary, did you noticing the urgent needs to be financially literate? If no, you must start now. And if yes, what have you done for the past 1 year on it? Financial products (insurance, investment, loans, credit cards) are becoming more complicated nowadays, if we are not well-verse with it, how? A very good example have been shown by the toxic-bonds thrown by Lehman Brothers. If we are financially literate, we will be able to: make effective personal decision avoid financial breakups because of money improve our mental and emotional well-being know our own financial status, and not blaming others asking the right questions and getting accurate answers increase our ability to understand sophisticated products mitigate the investment market risks avoiding scams and toxic investment products differentiate between network marketing and pyramid schemes Sometimes, it's not necessary to fall into a hole, for the sake of knowing how deep t