Financial Literacy and Success for Ourselves and Our Children (EP. 375 Encore)

We all have the personal responsibility to be financially responsible and to teach and help others to do the same thing.
We all have the personal responsibility to be financially responsible.

Financial Literacy and Success for Ourselves and Our Children (EP. 375 Encore)

Becoming financially literate is easy, as you will see from this short, to-the-point episode. Implementing this learning is hard. As with all of life, understanding the rules to success is simple; implementing is hard.

Understanding issues like this is part of our overall goal of creating better lives for ourselves, our communities and for America.

That is the subject of today’s 10-minute episode. Please listen or watch on YouTube, like, subscribe, and comment.

N.B. This is a summary, acting as a signpost, pointing you to this episode on both the new Revolution 2.0™ YouTube channel, and where you enjoy your podcasts, e.g., Apple, Google and Spotify.

Now go there…:).

Continued summary:

1. Make more than you spend

  1. Spend less than you make
  2. Debt is a four letter word. Never finance anything that depreciates. Cars. Appliances. Vacations. 3a Car dealer information. Beater car.

3b Compound interest is the 8th Wonder of the Word. Einstein. Earn or pay interest on interest.

  1. Pay yourself first.
  2. Delayed gratification.
  3. What’s the ROI? School. Opportunity cost included?

Today’s Key Point:  Brookings Institute. 1. At least finish high school, 2. Get a full-time job and 3. Wait until age 21 to get married and have children. Our research shows that of American adults who followed these three simple rules, only about 2 percent are in poverty and nearly 75 percent have joined the middle class.”

“Two bits” 2, 4, 6, dollar–holler. My two bits.


We all have the personal responsibility to be financially responsible and to teach and help others to do the same thing. Speaking of personal responsibility, this principle does not stand alone; the two main and interdependent principles at Revolution 2.0 are:

1. Personal Responsibility; take it, teach it and,
2. Be Your Brother’s Keeper. The answer to the biblical question, “Am I my brother’s keeper?” is a ringing, unequivocal “Yes.” There is no other answer.

Where do you stand? What are you going to do? Remember, it does not matter where you stand if you don’t do anything. You can start by subscribing to these episodes, and encouraging others to subscribe with you.

As always, whatever you do, do it in love. Without love, anything we do is empty. 1 Corinthians 16:1.

Contact

As we get ready to wrap up, please do respond in the episodes with comments or questions about this episode or anything that comes to mind, or connect with me on Twitter, @willluden, Facebook, facebook.com/will.luden, and LinkedIn, www.linkedin.com/in/willluden/. And you can subscribe on your favorite device through Apple Podcasts, Google Podcasts, Spotify and wherever you listen to podcasts.

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This is Will Luden. We’ll talk again soon.

Will Luden
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