How Financial Literacy Affects Household Wealth Accumulation?

Hey everyone, it’s Catherine with Titan Impact Group and I’m here to talk about one of my most passionate subjects, which is how financial literacy affects household wealth accumulation.

This is a really important subject for me; this is so important for me that I actually created my own mastermind to teach my twins all about financial literacy before they left the nest. That’s how important it is!!

I personally did not grow up in wealth; we were painfully dirt poor. As time went on, and I grew up, one of the things I became clear about was who I surrounded myself with.

One of the things I learned was actually from Jim Rohn. He talks about how an education will make you a living, but self education will make you a fortune. So what does that mean?

That’s the whole, yes, there’s traditional institutional education, you know (school, high school, college, university, all of that) and then there’s self education.

It’s in the self education that we have the ability to actually get ourselves educated with regards to financial literacy, and thank God for libraries!! There are so many books and courses and mentors out there, who are more than happy to actually teach that financial literacy is the unfair advantage, meaning that when people choose to actually get themselves educated about how money actually works, and how they can add commas to their bank accounts, and invest the commas, keep the commas, send their money out there, have it come back with lots of friends, it literally changes the landscape of their future of themselves, their immediate family, and then it could be for generations to come.

So absolutely financial literacy, it is hands down, one of the most important things for all of us to learn!! Yes, money doesn’t make you happy, I got that. But at the end of the day, money is like oxygen, the more you have, the easier it is to breathe. And the more you have and the easier you can breathe, the bigger the difference you can make in the world.

I believe that’s what you’re here to do – is to make a difference in the world. For me, I have a nonprofit that focuses on getting all of the adoptable children that are in the US foster care system actually adopted and we have a plan to make that happen.

But that only happened because of financial literacy, which gave me the freedom to do what I needed to do so that I can actually be here to make the difference on the planet that I’m here to make. So with that, I’m Catherine Bell, and we are the Sentinels of the American Dream and We leave every Person, Property and Community Better than we found them. I’d love to hear the difference you’re making, so please comment below!!

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