We were not taught financial literacy in school. It takes a lot of work and time to change your thinking and to become financially literate.— Robert Kiyosaki
Colossal Financial Literacy quotations
The number one problem in today's generation and economy is the lack of financial literacy.
Being promoted to a top position in your organisation, or even being elected to public office, does not suddenly endow you with financial literacy, if you did not acquire and develop it, earlier in your life.
The single biggest difference between financial success and financial failure is how well you manage your money. It's simple: to master money, you must manage money.
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.
People with low financial literacy standards are often unable to take their ideas and create assets out of them.
While good business ideas are plentiful, many entrepreneurs struggle to understand payroll taxes, health care and other thorny issues… In other words, they don't have the financial literacy to scale their businesses and attract investors.
You become financially free when your passive income exceeds your expenses.
Don't cut up your credit cards, the problem is not the cards, it's the lack of financial literacy of the person holding the cards and always make the best out of a bad situation
We need to have financial literacy in America, not just complaining about obstructionism. We need solutions. And I think the solutions are using high finance to make capitalism work for people around the world.
Saying that financial literacy means diversification is just another example of the fox teaching the chickens.
I think the money for the solutions for global poverty is on Wall Street.
Wall Street allocates capital. And we need to get capital to the ideas that are successful, whether it's microfinance, whether it's through financial literacy programs, Wall Street can be the engine that makes capital get to the people who need it.
I think people don't understand compound interest because typically no one ever explains it to them and the level of financial literacy in the US is very low.
It's pretty much how we get anything added to the curriculum.
When parents said children needed to be computer literate, the schools started responding. The same thing is true of basic financial literacy.
You know, the old version was about balancing a checkbook.
The new version is about the risks of debt, which is so much more widely available. So I think it's important that we design relevant financial literacy courses, and teach them starting early in grade school.
Dr. King organized the Poor People's Campaign in 1968 to shut down Washington, D.C. and force legislators to tackle poverty. His efforts to shift focus from civil to silver rights were interrupted by his untimely death. He fought ardently for Black rights, but he also recognized financial literacy as the key to an America that was truly free for all people.
The schools can't cover all the values that go along with how you handle your money. For example, a financial literacy class might not teach me to hate debt the way my grandmother, Big Mama did.
In terms of my profession, I'm passionate about financial literacy.
I want to live in a financially literate society. I want kids to understand the importance of savings and investing. I want to try to replicate the great savers who came out of the Depression, the best savers the country has ever seen. It's crucial that people understand the importance of financial literacy, because it's actually life saving.