Financial literacy is a complex topic that varies with regional and demographic contexts. Before putting on financial literacy training it is important to study the level of financial literacy across different groups. Targeted financial education is most important. Programs that are targeted to the needs of specific groups are more likely to be effective than cookie-cutter financial […]
Throughout their lifetime, individuals today are more responsible for their personal finances than ever before. With life expectancies rising, pension and social welfare systems are being strained. In many countries, employer-sponsored defined benefit pension plans are swiftly giving way to private defined contribution plans, shifting the responsibility for retirement saving and investing from employers […]
The global financial crisis highlighted the importance of financial literacy and capability because the lack of consumer knowledge played a role in the genesis of the crisis. To become more active and confident participants in the financial sector, consumers need awareness, understanding, and knowledge about various types of rapidly evolving financial products and services […]
Ensuring competent, timely, and unrestrained access to public goods and services is the quintessence of an open and efficient society. As financial products and services, especially banking services, are considered public goods and services, making these services available to the entire population without any type of discrimination is the foremost need of the inclusive system. […]
HOW PROCRASTINATION ALMOST TURNED ME INTO A PAUPER It is common knowledge that we always know the right thing to do in most circumstances. What we lack is the willpower and resolve to carry out the decisions. After my university studies, I decided to start an online business rather than seek employment. My company focused […]
After graduating, I was lucky to be hired as a medical representative for an international pharmaceutical. This was a time when a majority of my peers whom I went to school with were still attending interviews and getting rejected. The aura of belonging to a worldwide community of medical representatives got to me and the […]
Poverty Reduction Poverty reduction programs that have been implemented in many countries exhibited some changes, but poverty still remains a challenge to many developing countries. There is evidence showing that a lack of financial literacy in the population affected the realization of poverty reduction and welfare improvement programs, which suggested the need for integrating personal […]
A multitude of policies and programs have been implemented with the hope of reducing daunting poverty in Africa. Financial literacy education plays a major role in poverty reduction and sustainable economic growth by enhancing outcomes of poverty re-education and welfare improvement programs. Initiatives such as employment and income creation, entrepreneurship and small business development, and […]
THE GYM TO GET YOU FINANCIALLY FIT Join me now, as we warm up, stretch our financial muscles, work out and pump some financial iron. Let’s get that oxygen pumping. Right now, get onto the fast track to becoming Financially Fit for Life. Be prepared for wake-up calls and complete the prescribed exercises. In doing […]
THE THOUGHT FACTOR IN WEALTH CREATION When it comes to solving your financial problems, the following rule applies: FINANCIAL PROBLEMS CANNOT BE SOLVED PERMANENTLY WITH MORE MONEY! To change the direction of your financial future, you must first change the way you FEEL, THINK, AND ACT ABOUT MONEY. You need to give yourself a financial checkup […]