The Need to Become Financially Literate

Today, the average American is undereducated in finances. There is a lack of financial education in the school system. And there is difficulty communicating between family and friends because it is normally not "nice, polite, or acceptable" to talk about money. But we must stop this nonsense. To solve problems, people must be able to openly talk about solutions.

We as individuals can not be too dependent on any institution to teach us everything we need to know. For example, I doubt you will ever see or hear any credit card company hold seminars on how you can get out of debt. Because if nobody owed them money, how would they make money? Creditors sole purpose is to help you purchase goods/services now. So later, you can pay them more money.

Now I am not saying we need to take down the credit card companies. Nor am I saying you should pay everything in cash. All I am saying is we must know more about finances so that we can make sound decisions that make financial sense. For instance, it probably makes financial sense to use credit for investments if you are knowledgeable on said investments and at least guarantee that you will not lose money. A bad example would be to use credit to finance your boozing. That is if you were to keep your balances revolving and only make minimum payments for your alcohol purchases.

So, where should I start to get financially literate?
Go to the bookstore or library and expand your "financial I.Q." (as Robert Kiyosaki puts it). Learn about investing, the time-value of money, the economy. And one of the simplest methods is to make a list of your income and expenses. Then at the very least you will be aware of how much you spend on certain things.

I am part of a network marketing program called Financial Destination, Inc. Unlike other network marketing programs, FDI actually provides products that are being sold. The main 4 are MoneyTRAX, EquityTRAX, WealthTRAX, and CreditTRAX. MoneyTRAX helps people plan their finances. EquityTRAX helps people pay their bills off in a way that will get them out of debt faster. WealthTRAX can help people potentially increase their monthly cash flow. And CreditTRAX is a credit restoration program that can potentially boost FICO scores by up to 150 point. Now I know it all sounds too good to be true. But its not. I am probably not as well versed in explaining it so you should go to the source: www.fdirep.com

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