Being a Financially Literate Person can improve your life and our societies
Have you considered how being a Financially Literate Person (“FILIP”) can improve your life and the world?
Have you thought how daily financial decisions affect your life, your health and the world we live in?
Financial literacy is to have the ability and knowledge to make informed financial decisions.
Everyday we make financial decisions and form financial habits which have a significant impact to our lives, our future and to other people.
Most of the times we do not realize the impact of these financial decisions and habits.
Many times we lack the necessary knowledge or information in order to make the financial decision which is the most beneficial to us.
Other times we do not invest the necessary time to research and explore all available options before we make a financial decision.
Having both the ability and knowledge to make informed financial decisions is extremely important not only for our current and future financial position but also for our health, wellbeing and our societies everywhere in the world.
People are increasingly running into financial problems
Lacking the skills needed to make informed financial decisions hurts individuals and the economy.
Have you ever experienced financial difficulty?
If yes, you know that when we experience financial difficulties we have elevated stress levels. After long periods of financial distress our health can deteriorate.
Has a relative or friend asked you for money?
When we experience financial distress we may request assistance from relatives, friends or even the government.
We may also look for assistance by finance or legal experts in the area where we face difficulties.
There are government programs, charities and laws which are aimed to assist people in financial distress.
Currently, the need for such assistance is more prevalent than ever! The levels of personal debt are particularly high and individuals can easily access different types of credit, some of which carry exorbitant interest rates.
Being a Financially Literate Person can lead to Financial Independence
FILIP makes informed financial decisions therefore avoiding stressful situations and not being financially dependent on other individuals or the society.
By being a FILIP you can become financially free and ultimately financially independent in order to be able to choose and follow your dreams and ambitions and become the person you are truly meant to be.
Our dream in FILIP is for all children, teenagers and adults to become financially literate. In turn this can lead to eliminating poverty and reducing the wealth inequality which has been continuously rising for the last 50 years.
With this goal in mind and drawing from our personal experience we developed a simple formula. We hope this formula will help you achieve your financial and life goals easier and faster and ultimately reach financial independence.
We explain this formula and the specific actions required in detail in our website posts.
If you want to learn more about being a FILIP and be part of the FILIP community, please follow our website and subscribe to our YouTube channel. You can also find FILIP on Facebook, Twitter and Instagram.
Until the next article or video, let’s all make informed financial decisions!