How much do you know about money?
Have you learned about the power of compounding? Do you know how the stock market works? What is a bond? Can you tell the difference between an Income Statement, a Balance Sheet, and a Cash Flow Statement? Do you even know why you would want to?
Do you know how to keep a budget? Do you understand how your taxes are used and why we pay them? Do you know what it takes to purchase a house? How much insurance do you need? What’s an index fund and how do you purchase one?
Get Rich Slowly is going to focus on financial literacy this month. You and I are going to learn together. Though I write about money, I’ve never taken the time to educate myself on the basics. I’ve developed a degree of financial literacy, but it’s not nearly what it should be. I haven’t scripted this — I don’t have an agenda. I’ve found a series of short videos to share with you, but everything else is going to be an adventure. I welcome your suggestions and contributions.
Financial literacy can be a boring subject. It’s dry information, but it’s important. I’ll do my best to keep things short and lively, opting to provide links to additional resources rather than drone endlessly about commodities and Roth IRAs. Please: if you have questions, ask.