This book arms you with financial knowledge and skills needed for effective personal finance management. The knowledge contained within it will help you achieve the following:
- Explore the problem of financial illiteracy: consequences, cause and origin
- Explore the concepts of personal finance and financial intelligence
- Understand the main reasons why you should master personal finance management skills
- Comprehend the meaning and components of financial intelligence
- Identify core financial concepts that are relevant to managing your personal finances
- Comprehend how financial intelligence is acquired.
- Grasp the difference between financial literacy and financial education
- Understand the difference between financial intelligence and financial education
- Explore the meaning, examples, types, sources, and methods of earning income; uncover ineffective strategies and the most effective strategy for building wealth.
- Understand what expenses mean as well as the difference between needs and wants
- Grasp what assets and liabilities mean and the differences between them
- Learn how to carry out personal cash flow management
- Explore the meaning and types of tax as well as how to exploit tax advantages
- Understand the definition, history, types, and creation of money as well as the difference between money, finance and funds
- Explore the meaning, types and examples of leverage
- Understand what interest means
- Comprehend the meaning and application of the concept of Time Value of Money (TVM)
- Explore the meaning and types of investing, classes of assets as well as the different types of investments under them.
- Explore the concepts of financial planning and the steps for carrying it out
- Grasp the link between financial success and a person’s mindset
- Master time management skills for boosting personal productivity
Who this book is meant for
- This book is meant for anyone who wants to learn necessary knowledge and skills for achieving financial freedom