International Literacy Day; Are You Financially Literate?
Happy International Literacy Day!
International Literacy Day takes place on September 8 every year to raise awareness and concern for literacy problems that exist within our own local communities as well as globally.
International Literacy Day was founded by proclamation of The United Nations Educational, Scientific and Cultural Organization, or UNESCO, in 1966 “to remind the public of the importance of literacy as a matter of dignity and human rights.” International Literacy Day brings ownership of the challenges of illiteracy back home to local communities where literacy begins, one person at a time.
My big question today is “Are You Financially Literate?”
Do you know the difference between a personal balance sheet and an income statement? Do you know the difference between assets and liabilities? Do you know cash flow analysis and personal financial management? Do you know the difference between investing and gambling? Do you know the necessary due diligence steps to take before putting capital at risk on a new investment?
Amazingly, the single biggest skill that can make or break you and your financial success isn’t taught in school. You can graduate with a four-year degree and learn nothing about personal finance, money management or investing.
Doctors, lawyers, and attorneys can open their own practices without any clue how to read a financial statement. Business owners, corporate executives and politicians (managers of our country) can remain dangerously ignorant of the tax law.
The truth is, financial literacy is the essential skill you must develop if your goal is to build wealth, enjoy financial security, attain financial independence and freedom. There is no alternative!
Countries can have a stable economic growth and develop as a nation if they become intentional about financial matters and empower, educate and train their people to acquire the basic financial literacy skillsets and the essential principles to personal finance knowledge.
As we celebrate International Literacy Day 2022, I strongly believe that a community of financial literates is necessary to survive the global financial crisis and ensure stable economic growth.
That’s why the team at CFLE Africa, is taking an active leadership role in improving financial literacy in Ghana, Africa and across the world.
Let’s build our financial foundation right. Let’s be financial literates.
Learn more about The Improving Financial Awareness and Financial Literacy Movement in Ghana, Africa and Worldwide in the links below:
- The Improving Financial Awareness and Financial Literacy Movement in Ghana
- The Improving Financial Awareness and Financial Literacy Movement in Ghana Documentary video
- Financial Literacy Month – April 2022 Activities Preview
- The FA Association at University of Ghana Business School
- How To Participate & Support The Movement in Ghana
- The Improving Financial Awareness and Financial Literacy Movement in Africa In Africa
- Worldwide Movement
