At the turn of the millennium, more people are starting to realize that the world is wealthy. The power of todays system allows one to find ways to achieve financial freedom without the critical essence of hard work. With smart work, there is a different sense and approach to life.
Sadly, the current educational system is left with classical teaching. Most of the things that we learn in college refine us to work hard and work for money. With the number of new degrees and graduates cropping up, most of them still get stuck with 20th century thinking. Thus, people who seek financial literacy in the 21st century know what the trends are and act on it with a positive mindset.
The Scope of Literacy and Financial Literacy
As a standard, literacy is defined as the ability to read and write. Taking a step further, functional literacy is the term used to describe students with the ability to use their reading and writing abilities in a functional way. As a basic concept, literacy is learning what everyone should learn.
Financial literacy is therefore the ability of people to acquire knowledge when it comes to basic financial strategies and information. A good...
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