R u Financial Literate???

R u Financial Literate???

Today India's Literacy rate is 74.04%. Its not still up to the mark. But timingly not to worry for. 

But mine question to U now is R we Financial Literate??? Many might wonder whats new with Financial Literacy? Is it a sinking ship for us or trash not to be thought of.  

From Childhood, our parents, teachers taught us very simple guildlines...

"Padhoghe, Likhoge... Banoge Nawab!!                                  

      Kheloghe Kudoghe....Hoghe Kharab!!"

As per 3 Idiots..                                                                             

"Life is a Race... If u Don't run fast... 

                              U will be a Broken Andaa!!!"

From Childhood, we have been fueled with a simple Literate educate that U should be good in Science, Maths, English, etc!!! Then a career path take route &  a routine job life starts. 

Then a Somewhere a Newton derived a Law..." If u are literate enough, U will get a Job!! If U are with Twinkling Job... U now are ready to book a Flat... a car...N blah Blah....& again U are caught in the Debt cycle, which will suck your blood slowly slowly till your retirement. Now once retired, count the pending days & leave the things for your generations ahead. 

I am never against the so called Indian psychology related to Life.

Just Wanna ask a Question... R we surely Knowing What's a Asset n Liability?

Its really pain, That We have a gap of Financial Literacy in our Education system. N we can't blame our Teachers or Parents that they failed to provide us Financial Literacy, because they always provide 50% Extra wat they Know. Branches of Education system is weaken, which don't educate everyone about Finance making our-self Financially healthy.

Today during Covid-19 Concerns, major people are with worry, If they get ride of Job, How they are going to pay the heavy debts??? The people who might get 10000rs per month also & not having any debt.. will have a sound sleep for next 6 Months atleast.

Asset is a part-time, full time revenue generation means, & liabilities are blood sucking bugs. Person who is financial literate, will have his asset columns more strong than his liabilities column.

When you are purchasing a Car, its surely a liability, But you should be so organised, that the Car loan debts should get paid through your Assets. 

Also Remember... Ur Job is never a asset!!

Because honorable President APJ Abdul Kalam have said...

Love your jobs..

But Don't love your company!

Because you may not know, When your company stops loving you!!!'

When you plan for a house, always have a backup remedy if today/ tomorrow  I am ride out of Job... is any possibility that I can pay the debt for atleast 3months till I get a new job.

If you have a dream to purchase something, go ahead..But just some1's point of sake, don't fall prey to Liabilities.

We have been literate to get a Job & have addition of Money.

 But we needed to master Multiplication of Money.

The most famous sentence which I like of Robert T. Kiyosaki is

" Your Money Should be Your Employee..... One Coin.. Brings more Coins along with it, If you Invest intelligently"

In every blog, I always emphasis that...

 Eachone of you Should understand yourself. Don't Replicate what others do & end in a mesh. You would be good in some or the other things. Analysis self. You needed to be sound with Market conditions Nationally & Internationally. Then Invest in best skill you got with.

Focus on How Money flows back to U rather than Sea of Debts taking it from Away.

N Why to wait for Retirement, When you can enjoy every single day of your life, If you have build a Strong Asset column of Yours!!!!

Also educate financial literacy to your children from childhood only, they should learn how to master Money Inflow & Outflow. Then Game of Life is So easy to Play!!!

From:  IAmJustU....Stood Among Many!!