Financial literacy and how to achieve one!
Have more than you show, speak less than you know.
Great morning Rethinkers and Readers, Today, I won't talk about microeconomics, market conditions, or layoffs. Instead, I'll focus on something that is of utmost importance to all of us for a better future.
Valentine's week is full of love and care, with plenty of celebrations. It inspired me to think about our level of financial literacy and our ability to ensure our future safety. Social media posts on similar topics further drove this thought home.
Financial literacy can help ZenG and everyone else enhance their financial stability. By grasping how to manage their money efficiently, they can dodge financial traps that could result in instability.
Do we emphasize this topic? I don't think so. This week, we read all about financial education and awareness.
Happy reading and do drop your feedback on rethinkers@rethinkingux.com.
Mayur Chaudhary, Founder RethinkingUX
💎 Handpicked Curated reads - Week of 12th Feb 2023Personal finance: How to save, spend, and think rationally about money
Financial freedom is understanding that I'm me and there's an economy out there and I have a relationship with it but it doesn't run my life. It's freeing my mind from the messages of the consumer culture, the messages of the economy. The messages that a house is a starter house. No, that's my house. I could die in my house. It's like there's so many presumptions that drive us into waste slavery, debt, and it doesn't matter whether you are at the low end or the high end. If you are engaged in that sort of anxious process of more, more, more, you are not free. Watch the full episode.
10 Habits to Develop for Financial Stability and Success
Just like any goal, getting your finances stable and becoming financially successful requires the development of good financial habits. I’ve been researching this topic extensively in the last few years in my quest to eliminate debt, increase my savings and increase financial security for my family. I’ll talk more about these habits individually, but wanted to list them in a summary (I know, but I’m a compulsive list-maker). Read more…
Become wealthy and invest in 'assets'
If you want to become rich or wealthy, which one would you choose? To make a choice you first need to have a clarity about both the concepts - being rich means earning lots of money but being WEALTHY means sustaining that stature of richness. Now your next question would be - how to become wealthy? To become wealthy, you should invest in what are called 'assets'. Watch the different kinds of assets available and which one should you prefer. Watch the full video.
9 Steps To Achieve Financial Freedom
The have different degrees of complexity and you might see some tasks come very naturally to you while others might require a lot more work. For instance, a number of people find tracking expenses, spending less, and investing a lot easier than, say, creating an additional source of income. The more steps you can achieve, the faster shall be your journey on the path to financial freedom. It is a decision that you will need to make on the basis of what works best for you. Read more ….
Introduction to Mutual Funds
We know now that to build a retirement corpus, long-term investments in mutual funds is inevitable. Given the pivotal role mutual funds plays in defining our financial welfare, it is completely justified to spend some time to learn about mutual funds. Learn everything about mutual fund. Read more …
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