Financial Literacy

If you don't know where you are, you can't build a reliable route forward.

• ·Distinguish income types
• ·Categorize fixed vs variable expenses
• ·Identify assets and liabilities
• ·Calculate net worth
• ·Establish a financial baseline

Tell your money where it needs to go. A budget is a plan, not punishment.

• ·Distinguish needs vs wants
• ·Build a monthly money plan
• ·Create an emergency-fund framework
• ·Track actual vs planned spending

Credit is a tool. Learn how the tool works before using it.

• ·Read a credit report
• ·Understand scoring factors
• ·Calculate utilization
• ·Understand APR and total repayment cost
• ·Use credit responsibly

When interest works against you, time can become expensive.

• ·Identify high-cost debt
• ·Compare snowball vs avalanche
• ·Build a realistic payoff timeline
• ·Address root behaviors

Savings turns future problems into problems you may be prepared to handle.

• ·Set emergency milestones
• ·Define short- and long-term goals
• ·Automate savings
• ·Name each savings bucket

Put time on your team. This module is educational — it never tells you what to buy or promises returns.

• ·Understand compounding
• ·Learn stocks, bonds, funds
• ·Grasp diversification and risk
• ·Consider time horizon and retirement accounts

Building something is only half the responsibility. Think about how it will be protected and transferred.

• ·Survey insurance types
• ·Review beneficiaries
• ·Understand estate-planning concepts
• ·Organize family financial records securely

Move from consumption toward ownership. Wealth is bigger than appearing rich.

• ·Understand ownership types
• ·Evaluate entrepreneurship and real estate fundamentals
• ·Grasp intellectual property and business equity
• ·Think long-term and about legacy

Don't just make money. Understand it. Direct it. Protect it. Build with it.

• ·Synthesize all eight modules
• ·Set a 90-day money challenge
• ·Compare baseline to current position
• ·Define what to continue for a year