Increase Your Financial Literacy $_$

Yosh!

Seems like almost one week I don't update anything in this blog. Well, I was so busy with my forex trading, writing notes on forex trading for my online clients (yeah, now I'm teaching forex online), some family stuff (my family held kenduri doa selamat on Thursday), and what not.

So today I'm going to write about financial literacy. The first time I read about these two words (financial literacy) is when I was reading Robert Kiyosaki's book, if I not mistaken, Rich Kid Smart Kid. Basically it is about knowledge in money management, etc. The higher financial literacy you have, the more money you can make and save - means you can buy more stuff $_$

In my opinion, there are 3 ways to increase your financial literacy:
1. Learn trough your bad experience - maybe you have mountain of credit card debt and then you managed to find a way out, maybe you don't have enough money to start a business but then somehow you still can start it, and anything related to money. When there is financial problem, every time you manage to solve it, that means your financial literacy has increased (whether it is a lot or little, depends on the difficulty of the problem(s).

2. Get a tutor - learn from rich people. But first, please choose the right "rich people". Some people are rich because their parents are rich, some people are rich because they inherited the fortune from someone, some people are rich because they hit the jackpot. Put them in the lowest priority, if you put them in your list. Pick the right "rich people", who become rich, by doing business, who started from zero to hero, who really become rich because of they worked for it. But you know, if you want to learn from them, show them that you really want to learn, show your credibility, etc - usually they are busy with their stuff, so make sure you are not wasting their time.

3. Books - the simplest and easiest way, but still, not many wanna read them. So many titles in the market, just pick the one you like. If you cannot afford to buy, then borrow. You never know which one is working for you unless you read them. The advantage of reading books is you don't need to face all the financial problems and then solve them to increase your financial literacy. You also don't need to find any rich man and convince him that you can be his best apprentice. So this is the simplest way to increase your knowledge.

That's all for today. Remember, before we can spend, we need to earn first $_$