Financial Literacy - A Comprehensive Video! In 1990, Patricia Kluge and John W. Kluge, worth $5 billion and recognized as the richest man in the United States by Forbes, divorced. Patricia Kluge was awarded a significant sum of money in addition to a number of properties. It was sufficient that she could have lived the rest of her life in luxury, but she wasn’t able to hold that for long. And then, a moment came when she was even compelled to sell her jewellery and other items, and in 2011, she was finally forced to file for bankruptcy as a last resort.
So, what exactly happened to Patricia, is the tale of every American who lives beyond their means even while having relatively high wages. Using credit cards up to their limit and living pay-check to pay-check. Did not set aside any money to cover unforeseen costs. But the question is!
Is it possible to maintain a comfortable standard of living despite having a little income? Are the risks associated with investing in the stock market for regular people manageable? The answer of all these questions lies in one thing. That is financial literacy. With Financial literacy all that is possible. The thing is you don’t need to inherit a lot of money or having high salary to live a financially free life, rather the answer lies in managing your finances better and efficiently.And how one can do that.
That’s what this video is all about. This Financial literacy comprehensive video will help you to understand why you need to considered financially literate, and will delves into a number of categories and numbers into your basic everyday financial living, the basics of Debt, and understanding just sort of what credit card debt means. We will cover all that. So make sure to watch the video till the end to understand the different financial stuff that really can seem very basic, but clearly is not. So, Subscribe to the channel and let's get started!
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Trip2Wealth is a channel about everything related to money, including smart tactics for investing and achieving financial independence. On our channel, we discuss personal finance, the stock market, the US economy, debt reduction, wealth creation, the housing market, financial planning for savings, business ideas and jobs, tips on how to invest in the stock market from well-known investors, passive income, money management, and inflation. The videos are intended to be educational and should not be considered as financial advice.
🏆 My Goal 🏆
My goal is to provide my audience with the highest quality, most informative, and mind-blowing financial wealth on YouTube. I believe in complete transparency and open communication. I believe that knowledge is power, so I will share my knowledge with you. Change your attitude towards money, and you will change your life. ❤.
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