FINANCIAL LITERACY GUIDE FOR YOUR FINANCIAL HEALTH
At the lower level, Financial Literacy is the ability and discipline to manage personal budgets, payment of bills, debts, understanding the importance of saving for the future, and understanding the importance of maintaining a good credit record. At a higher level, Financial Literacy involves the ability to read, understand and interpret financial statements and economic trends with a view for creating a healthy financial outlook. These are covered in detail in this book.
Financial enlightenment is a beam of light that exposes financial pitfalls, highlights opportunities and empowers people to make sound financial decisions. Financially literate people are not easily bluffed as they can spot a fluke a mile away. The good news is that financial literacy is a skill that anyone can acquire. It is what every aspiring investor, entrepreneur or small business owner must acquire, keep and protect with all they've got.
We may not all be business owners but can all be investors. Financial health is a result of acquisition, retention and growth of financial assets. Financial statements give an indication of how financially healthy your business or the business you intend investing in may be at one given moment in time. The secret to determining whether a company is financially healthy is in analysing its financial performance over several periods of time to determine trends. Trends paint the true picture behind every entity's performance.
Basi Malatji
I am an experienced Head of Business Development with a demonstrated history of working in the financial services industry with notable skills in entrepreneurship, analytics, leadership and management development, and coaching with strong financial and business development background.
I am a professional graduate and have written several books in the line of my passion and expertise and have designed and published online courses on entrepreneurial and startup development.