If you are just barely paying your bills each month, the very concept of growing your wealth to achieve financial freedom might seem like a pipe dream.
The numerical listing that assists banks and other lenders in the determination of your creditworthiness is known as a credit score. This scoring may also be used in the application for insurance policies, jobs or even renting a house.
Prison authorities are into promoting financial education of prisoners. They don’t want that person returning to jail because they do not have the social skills to be able to manage their lives outside of the prison walls.
Sad to say that money does not grow on trees. It has to be earned to be useful to people. There are many good reasons why parents should invest some time in teaching kids about money early in their lives.
If you focus on money, lending, interest and how it works, then you will end up making smart decisions about money consistently. Individuals always make mistakes with money, borrowing, and their future. In fact, the percentage of people making these mistakes is around 95%!