Discover and read the best of Twitter Threads about #FinancialLiteracy

Most recents (7)

A 2nd-part attempt to breakdown a paper. I hope it is somewhat useful #finlit #financialliteracy #brunei
Read 3 tweets
1/x In an effort to understand the #OilPriceWar I dug a bit. Here is what I found & another resource thread for any students that are not in school & would like to learn a bit on #markets. #ResourceThread

A. It. began with the #Corvid19 = ⬇️ demand.
nytimes.com/2020/03/02/bus…
2/x The #Corvid19 -> ⬇️ Dem. to level this ⬇️prod.

B. V. much like the rhyme there was an old woman who swallowed a fly, shell, and a host of other holiday spin offs, the⬇️ demand, would have resulted in a price crash. See #oilprice metrics.
investopedia.com/articles/inves…
3/x #Oilprice is complex, here is a site that show some price charts that may be of interest. Here you can create your own dashboard.

eia.gov/beta/states/da…
Read 15 tweets
Being financially responsible is important for your health and your financial life. To "live within your means" means that what you spend each month is less than or at least equal to the amount of money you bring in each month. For many people, it’s a lot easier said than done.📌
Credit cards, loans, savings, and even emergency funds allow you to buy more things than your income would ordinarily allow. Unfortunately, that kind of lifestyle isn’t sustainable and, at some point, your reckless spending will catch up to you. #financialliteracy
Your savings and access to credit will run out and when that happens, you’ll be forced to make some important changes or face financial ruin. #financialliteracy
Read 15 tweets
Started the new year by watching Playing With Fire documentary (@PlayWithFIRECo). Very well made with many nuggets of #FinancialFreedom wisdom which I'm putting down here as thread for handy reading. (1/n)
@PlayWithFIRECo It's more important to be rich than look rich because it allows you to focus on the things important in your life. (2/n)
@PlayWithFIRECo Spend lavishly on things that you care about, but cut back ruthlessly in other areas. Don't get swayed by society's expectations of what you should spend on. (3/n)
Read 18 tweets
Hi there,
Wondering how to start on savings and be consistent at it?

Follow this thread for simple tips how to go about it
#savings #savingculture #financialliteracy #financialwellness
01.
Read 8 tweets
“The Richest Man in Babylon” (George S. Clason 1926), is full of financial nuggets in a collection of parables set 8,000 years ago in ancient Babylon.
The seven “cures for a lean purse” may be over 90 years old, but the principles are just as important today as they were then:

1. “Start thy purse to fattening”
Pay yourself first

2. “Control thy expenditures”
Live within your means
3. “Make thy gold multiply”
Let your money work for you

4. “Guard thy treasures from loss”
Protect your wealth
Read 8 tweets
THREAD: Financial Independence:Retire Early (FI:RE) Series Part 1a. Understanding Money: PERCEIVED vs. ACTUAL value. #FIRE #FinancialLiteracy #FinancialIndependence #RetireEarly #TayoOyedeji
Formula 1. FI:RE is not about Money. But you need to understand money to attain FI:RE.
Money is:

1. A means of exchange for PERCEIVED value.
2. A store of ACTUAL value.

Understanding the dichotomy between PERCEIVED and ACTUAL value is the key to FI:RE.
Read 14 tweets

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