The financially uninformed are vulnerable and prone to manipulation and abuse by those they have trusted with their financial affairs whose intentions are to keep them in the dark. It is as a result of this ignorance that most aspiring investors, entrepreneurs and small business owners are unable to make their hard earned income work for them when they have the opportunity to do so.
The greatest investment any person can ever make is investing in their knowledge regarding any activity or project they intend undertaking. The lack of knowledge results in risks that deprive the aspiring investors the opportunity to maximize returns on their investment. To accomplish great things, we must not only dream, we must also believe, not only plan but also act. This insight about the know-how can only add to the aspiring investor’s benevolence in the economic system and assist them in their quest for financial freedom.
Financial Literacy: The Basic Requirement for Financial Freedom is intended to provide those who want to improve their financial status by understanding the basics of accounting as the economic language they need to understand in their pursuit of financial health. Expertise on accounting falls outside the scope of this book. The aim of the book is to capacitate readers in their pursuit of wealth creation to have the basics enabling them to read, understand, analyse, and interpret financial activities and economic trends. Financial Literacy: The Basic Requirement for Financial Freedom is intended to provide readers with the foundation upon which they can begin to build knowledge regarding wealth creation. This ability allows readers to identify the financial strengths and weaknesses in the companies they may wish to invest in.
Financial Literacy: The Basic Requirement for Financial Freedom is intended to be an eye opener and enabler for readers to understand the basic requirements for bridging the divide between financial illiteracy and financial literacy. Financial understanding is the mental process through which we solve our financial problems. Financial literacy is not only about making money but more about the ability to keep it after making it.
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