2. Why Teach Financial Literacy - Deepstash
2. Why Teach Financial Literacy

2. Why Teach Financial Literacy

💰 It's not how much money you make, It's how much money you keeps

ASSETS × LIABILITIES

Assets put money in your pockets

Liabilities takes money out of Your Pockets

You must know the difference between assets and liabilities, and buy assets.

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elevatedpath

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Read This and it will challenges your conventional wisdom about money and wealth-building.

Similar ideas to 2. Why Teach Financial Literacy

Assets make you rich

Assets make you rich

The real path to wealth is building assets, not increasing labor income:

  • Assets put money in your pocket (e.g., real estate, stocks, businesses)
  • Liabilities take money out (e.g., mortgages, car loans, bad debt)
  • Weal...

Net Worth = Assets - Liabilities

Net Worth = Assets - Liabilities

Your net worth gives an overview of your financial situation at this point. It is the difference between what you own and what you owe.

Your net worth is positive if your assets exceed your liabilities.

A negative net worth is when your liabilities are greater than your assets....

Michelle Obama

"Success isn't about how much money you make. It's about the difference you make in people's lives."

MICHELLE OBAMA

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