Financial Literacy for Young Adults Amplified

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Financial Literacy for Young Adults Amplified: Prepare for Inflation & Recession, Decide Between Buying or Renting, & Borrow Smarter by Raman Keane
English | June 29, 2024 | ISBN: N/A | ASIN: B0D8HG2XPB | 155 pages | EPUB | 1.57 Mb
Overcoming financial challenges requires knowledge beyond the basics. Let's delve into the often-overlooked topics that can transform your financial future.When we hear about personal finance or financial literacy, the focus is often on fundamentals like budgeting, saving, investing, and retirement planning. These basics are crucial, and I have dedicated an entire book in this series to discuss them. However, we often neglect other significant factors that greatly affect our financial well-being.

What Are These Important Topics?
I like to group them into two categories. First, the topics we deal with directly, such as getting a mortgage, managing credit cards, and handling loans. Second, the financial phenomena that we cannot control directly but that significantly affect us all, such as inflation, recession, the Federal Reserve's actions, and overall economic events.
Why Should You Learn About Them?
As a young adult, you might not feel the urgency to learn about these so-called "BORING" topics. However, as the saying goes, prevention is better than cure. It is important to be prepared in advance rather than waiting to face financial difficulties.
It's shocking how many people decide between buying and renting without conducting their due diligence, simply following what friends or family do.
Economic factors like inflation and interest rates affect everyone's life, yet many ignore their role when making significant financial decisions.
We spend a good part of our lives in school preparing for a career, but most of us don't spend a fraction of that time learning to protect our hard-earned money.
What Will You Master in This Book?Prevent inflation from eroding your money's value.Develop strategies to survive recessions and economic downturns.Gain the confidence to make informed decisions about credit, loans, and mortgages.Explore the pros and cons of renting versus homeownership, ensuring you choose the right path.Understand the pivotal role of the Federal Reserve in shaping our economy.Learn how interest rates affect your finances and how to benefit from them.Discover how to harness the power of credit cards without falling into debt.Strengthen your understanding of financial news by learning the common language used in the field.

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