07 Jun 10 Personal Finance – Do You Know What Counts?
"Man is born free but everywhere is in chains." Jean Jacques Rousseau (1712 – 1778) The Social Contract French political philosopher.
There is no true freedom without financial freedom. There are no financial freedom without financial awareness, financial understanding. We in the financial culture, to write to attract and retain wealth. Mike Murdock, Author, Minister, public speaker says: "People, what you have not, for they know not what you know."
Little usUnderstand that we are slaves of one, we are committed to you, be it a mortgage, car loan or personal loan … and as long as our main source of income is active income, we are bound in the nucleus (slaves) that we used (where we exchange our time (and skills) for income).
Financial illiteracy has many ruin their business, companies and / or your personal life. Many financial decisions are based on assumptions, on an understanding of what income (both active and passive income) and metAnd liability issues, good and bad debt, opportunity costs and opportunity costs of activities and impact have, in personal finances.
Financial illiteracy is the number one reason why most people skip paying their loans and not worried. We lack an understanding of how to take a loan with a credit card to move frequently affects the voters the idea that we will not charge if there loans, credit cards, mortgage companies are. Financial IlliteracyPerson would skip a loan of £ 5, not knowing that this will ultimately be very expensive for him other offers financial future.
What we need is to understand the world we live in a highly organized, every person has a record (instead of somewhere electronically), he or she is, financial decisions that (even those that were held financially ) taken in the past and their consequences. This is what a credit record, credit score or credit announcedDignity.
Unfortunately most of us know do not know how to help record positively or negatively to our credit and how it affects us every day. This is known because of lack of financial understanding is nothing but financial literacy. We know how to count numbers, but we really need, what matters?
Related to : www.fnfg.com
