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Between inflation and mass layoffs, the U.S. is having money problems. Yet, most citizens don’t fully understand what that means or how it affects them. The result? We are in the middle of a full-blown American Financial Literacy Crisis, and people feel stuck.
While it will take work, there is a way out of this mess – for everyone. To get the solution, we first have to examine how we got here.
If you are still in disbelief that the United States is in trouble financially, here are some shocking stats from Vox:
Of course, it is easy to blame the education system for this American Financial Literacy Crisis. But the truth is that it is not so simple. See, if we did learn about money in school, it is more than likely it would have been misinformation anyway!
That’s because all the financial “lessons” we have as a society are based on outdated information and never lead to full financial freedom. Old concepts like saving for wealth and trading time for money won’t guarantee you’ll become rich.
Although the American Financial Literacy Crisis is not “your fault,” it doesn’t mean you need to be a victim of it. You can do something about it. It just requires a little commitment to re-educating yourself.
To be more in control of your financial destiny, you gotta learn some basic things about how money works! You don’t have to pay anything. Just go online and start researching and defining basic concepts and words until it clicks for you.
After that, you can develop some discipline and rules about handling your capital for long-term success. Here are some to get you started:
From there, you’ll be able to show others how to do the same. And, we can chip away at this American Financial Literacy Crisis one piece at a time.
I believe handling finances is one of the most important life skills people need. As such, I am asking you to help me make our nation stronger with financial literacy education. It will make all the difference for future generations.
Star of Discovery Channel’s “Undercover Billionaire,” Grant owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is world’s Top Crowdfunder, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including The 10X Rule, which led to establishing the 10X Global Movement and the 10X Growth Conference, now the world’s largest business and entrepreneur conference. The online Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million + following to give back via his Grant Cardone Foundation, a non-profit dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.
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