What is financial literacy?
Financial literacy is the ability to understand how money works: how someone makes, manages and invests it, and also expends it (especially when one donates to charity) to help others.
In-depth knowledge of financial literacy is required to understand how money works and how it can work for you – even when you’re sleeping – by investing in profitable areas like the stock or money market. To understand money and how it works, it’s important to understand common financial literacy principles such as; financial goals, budgeting, investments, superannuation, contracts and employment models.
This video was uploaded by Wealth Builder to promote financial literacy especially for OFW.
I uploaded this video to my website to send this wonderful message to you. You will learn the proper management of your income and expenses. How to plan for your future, and how money will work for you.
If you like the message of this financial literacy video for Ofw, leave and share your comments below. Thanks for watching.