Home » Uncategorized » FINANCIAL LITERACY OPENS DOORS
May 21 2020









*|MC:SUBJECT|*






View this email in your browser

FINANCIAL LITERACY OPENS DOORS

Know how the business keeps score.

IN BUSINESS, A LANGUAGE OFTEN SPOKEN is finance.   Those that speak and understand it are more able to contribute and make decisions than those that don’t.  Learn to speak finance and you immediately become more employable, promotable and valuable. 

In any aspect of life where money is involved the language is finance.  We are asked to make financial decisions in many areas; in our personal finances in the form of retirement planning, in the business context as a manager overseeing the budget of our department, or in the voting booth when the national debate is the size of the US debt.

Studies show a large amount of the population is woefully underprepared to make these decisions. The US suffers from a low level of financial literacy. And yet, there’s a strong relationship between understanding financial concepts, better financial decisions, employability, promotability and household well-being.

To build financial literacy:

  • ask your manager to walk you through how the company keeps score. I.e., profit and loss statement, balance sheet, and cash flow statement; dashboards, balanced scorecards,
  • learn how your manger’s performance is measured,
  • take basic classes on accounting and finance at local or on-line colleges,
  • read the Wall Street Journal, The Economist and the business section of your local newspaper,
  • learn how to build and read excel spreadsheets,
  • get experience managing a budget, or the revenue and costs of a department.

More so than ever, companies hire and promote people who understand the language of finance.  As you plan for that new job or promotion consider this; skills are like dollars: If they don’t grow, they become less valuable over time. 

LEARN MORE

“People with low financial literacy standards are often unable to take their ideas and create assets out of them.”
 
   Robert Kiyosaki

READ THIS
FIVE BASIC FINANCIAL SKILLS EVERY MANAGER SHOULD HAVE

READ THE ARTICLE

Our mailing address is:
*|HTML:LIST_ADDRESS_HTML|* *|END:IF|*
*|IF:REWARDS|* *|HTML:REWARDS|* *|END:IF|*

Want to change how you receive these emails?
update your preferences
unsubscribe from this list