WHY BE FINANCIAL
LITERACY?
Does What You Know Now,
Affect Your Future?
• Of course what you know today affects
tomorrow
– You couldn’t drive a car without a license
• That’s why you need to begin learning
about how to spend your money wisely
today
How Does Your Attitude Toward
Money Change As You Age?
• Five Year Old:
– Come On ma, can I have a dollar to buy that ring?
• Fourteen year old:
– Mom I want sixty dollars to buy that designer label
top and those cool pants.
• Eighteen Year old:
– Shoot, I how can I get money for college. I'll ask
mom.
• Forty Year Old
– I need to save for my retirement. No excessive
spending.
What Are The Differences Between
• Spenders: Savers and Spenders?
– Receive short term satisfaction by getting an object they
want immediately.
• Savers:
– Save for items and appreciate them forever.
• Spenders:
– Have little money in the bank, because they spend their
money on pricey items. Often are in debt, and have no
money set aside for the inevitable “rainy day.”
• Savers:
– Have money in the bank because they knew how to
manage their money. Prepared for financial emergencies.
Definitions You Should Know
• Literacy:
Having an expanse of
knowledge in a certain
subject
• Finance:
The management of
money
Why is Financial Literacy
Important?
• America is about money.
People are defined by how
much money they make,
possess, and what they do for a
living.
• Therefore to be successful, and
looked well upon in the future,
you need to know how to
manage your money
accordingly.
How Does Entrepreneurship
Relate to Financial Literacy?
• First off, what is an Entrepreneur?
– An entrepreneur is a person who owns,
manages, and takes the risks of a business
venture.
• So... How does that relate?
– Well, an entrepreneur has to be financially
literate in order to succeed at his business
venture. He or she needs to understand
how to spend, manage, and budget their
money to get the most profit.
How does Financial Literacy
Affect You?
• Financial literacy affects
everyone in different ways.
• But the uniformity behind
it is, if you manage your
money wisely, you will
have a large sum of money
to fall back on for
retirement or emergencies.
– EX. House burning down
How Does Financial Literacy
Affect You Today?
• You can never learn
something overnight.
An education on a
subject needs to grow
with time.
• If you learn about
money management
now, you will be
prepared in your
future.
How Does Financial Literacy
Effect Your Future?
• In order to be
profitable and have a
vast sum of money in
your future you will
need to know how to
manage your money,
whether that be by
investments, savings,
etc.
How Do You Find The Career
Of Your Dreams?
• Study what interests you, and learn how that
applies to life/careers.
• Look at different jobs options, and figure
out which job best fits you (intellectually,
physically, and financially)
• Once you figure out a career path you want
to take, be aggressive in following it. Don’t
let opportunity pass you by.
How To Become Successful
Employee
Business Owner
• Think outside the box.
• Always contribute
positively to your
occupation.
• Enjoy what you do.
• Know how to invest,
and save your money
to have for retirement.
• Make the employee feel
he/she is part of a family,
not a business.
• Give incentives.
• Give positive feedback.
• Respect your employees
opinions.
• Manage your money
accordingly to make
yourself the most profit.