Discover and read the best of Twitter Threads about #financialliteracy

Most recents (24)

#CBN Governor, Mr. Godwin #Emefiele, launched the Financial Literacy eLearning Platform, #SabiMONI, with the declaration that the Bank is determined to meet the target of 95% financial inclusion by 2024. 1/5 ImageImage
#SabiMONI portal will serve as a repository of information not only for learners and trainers but also for researchers in the most effective manner. 2/5 ImageImage
#SabiMONI portal will help the Bank reach more people, make them aware of the benefits of financial products/services, increase the use of financial services, make better financial decisions and further drive Financial Inclusion’’ - Deputy Governor, FSS, Mrs. Aishah Ahmad. 3/5 ImageImage
Read 5 tweets
Are you losing sleep over your investments?

Constantly checking prices and worrying?

That’s a sign that you’re probably overexposed and you’ve bitten more than you can chew.

You’ve invested more than you can handle.

These tips are for you 🧵👇 Image
I need to first make it clear that I’m not a financial advisor but a battle tested, seasoned investor with some life experience!

Rule number 1: Never invest more than you’re willing to lose

But if you have, here are some guidelines…
Reassess Your Risk Tolerance

Before deciding whether to sell or hold, it's important to reassess your risk tolerance. Ask yourself how much risk you're willing to take on and how much you can afford to lose. If you're feeling uneasy about your investment, it may be a sign that……
Read 9 tweets
𝐎𝐧𝐥𝐲 𝐬𝐨𝐦𝐞 𝐤𝐧𝐨𝐰. 𝐎𝐧𝐥𝐲 𝐚 𝐟𝐞𝐰 𝐜𝐚𝐧 𝐦𝐚𝐬𝐭𝐞𝐫 🧠 💰 🪴

“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait”

Charlie Munger

#crypto #cryptomarket #financialeducation #financialliteracy Image


Read 7 tweets

Young and not investing? That’s a plan to FAIL!

Think you don’t have money to invest?

Learn how to save money then use that savings into investments.

🧵 10 tips how to save and change your game! Image
Create a budget

Know your income and expenses, and set a budget for yourself. Prioritize your needs (e.g. rent, utilities, groceries) and allocate money for discretionary spending accordingly.

Write it down and keep a visual record.
Track your expenses

Keep track of every penny you spend. Use a budgeting app or a spreadsheet to help you categorize your expenses and see where your money is going.

Visualize your expenses and savings. It’s powerful.
Read 14 tweets
Here are some tips on how you can pay your rent like a pro. The Ladda app helps you with automating your savings.

Download the Ladda app today and start saving towards your financial goals.💚
PS: Not only are you saving peacefully for your rent. You are also EARNING INTEREST OF 10%

If you need help on getting started pls drop a message

#moneyafricacommunity #financialliteracy #financialgoals #savings #investments #ladda
Read 4 tweets
USDC Stablecoin Cash Reserves at Failed Silicon Valley Bank Come Under Scrutiny #USDC $USDC $QUACK #RichQUACK #Cryptocrash

1/ The USDC stablecoin is facing intense scrutiny after a Silicon Valley bank that was holding around $11 billion in cash reserves failed. This has raised serious questions about the safety and transparency of the stablecoin's cash reserves. $QUACK
2/ For those unfamiliar with it, USDC is a stablecoin that is pegged to the U.S. dollar and has become increasingly popular in the cryptocurrency space. It is managed by Circle, a leading crypto financial services company. $QUACK
Read 11 tweets
Complete Financial Plan for a 35-year-old working professional Indian middle-class adult.

Disc : I am not a registered Financial Analyst. This plan is result of my studies & knowledge acquired from various sources.
Some assumptions ~
🔹Since he has been working for > 5 years, he must have saved enough to cover his emergency needs. (approx. 6 months’ salary equivalent amount in FD)
🔹He must be married & have kids by now.
🔹He must have availed housing loan.

This is the 1st step in starting your financial journey.

Study your expenses.

Where does your salary gets spend? Enlist them in a table under headings like -

eating out
utility bills
policy premiums etc
Read 25 tweets
Complete Financial plan for a 25-year-old working Indian urban youth.

Disc : I am not a registered Financial Analyst. This plan is result of my studies & knowledge acquired from various sources.

As soon as u starts earning, start planning to build for an emergency corpus. This may be in the range of your 6-12 months’ salary.

What to do?
Start a recurring deposit in your bank a/c for 20% of your salary.
Eg. If your salary is Rs 25K pm, start an RD of Rs 5K pm for a period of 27 months. It will accumulate around Rs 1.5 lacs (6 months equivalent salary).

Once corpus is built deposit that money in bank FDs & do not touch it apart from emergencies. (Define your emergency needs).
Read 20 tweets
2.And another day, another electricity record high:
● France: 1 - year forward power €576 per MWh
● Germany: 1 - year forward power €430 per MWh
For context, the 2010 - 2020 average is ~€45 per MWh.
The Europeans have the solution so the plebs can stop fretting.
3.The Brits, who — despite managing to leave the EU — are coming to realize that it did not matter because it is the corporatocracy that governs, not the state.
Read 7 tweets
(1/n) An #emergencyfund is like a pool of just-in-case money. It's a vital piece of your #financial safety net. Your emergency fund is the money you would rely on if:
➡️ You lost your job
➡️ Your laptop/mobile broke down
➡️ You ended up in a medical emergency
(2/n) ⚪ Having an emergency fund can help you roll with life’s unpredictable punches and makes it easier to recover from setbacks that could otherwise turn into financial disasters.

#BachatSeekhayGaPakistan #EmergencyFunds #FinancialLIteracy #emergencyfundsaving
(3/n) ⚪ Experts typically recommend that you keep 3 to 6 months of living expenses in your emergency fund (an amount that’s probably less than three to six months of your income).
Read 6 tweets
9 Important Things about Sukanya Samriddhi Yojana 👧

• Min Max Deposit
• Interest Rate
• Tax Benefits
• Eligibility Criteria
• Maturity Period
• Payment Period
• Withdrawals
• Loan Facility

Let's find out ⤵️

-- A Thread 🧵🪡 --

#investing #financialliteracy
▣ SSY was created to provide girl child 👨‍👩‍👧‍👧 with a
sound financial future. It’s a part of "Beti Bachao,
Beti Padhao Yojana". It comes with an interest rate
of 7.6% and tax benefits under 80C of Income-tax
Act, 1961.

#stocks #StockMarket
▣ The account can be opened by the parent or legal guardian in the name of a girl child from the birth till she is 10 and max 2 accounts can be opened.

❌If more than two daughters the 3rd account can not be opened.
Read 13 tweets

A Thread🧵
Payoff Priority Technique (PPT) is a unique & exceptionally good method to make all your loans disappear from your life.

I came through this technique while reading this extraordinary book called

“Safe Strategies for Financial Freedom” by Van K Thorpe.
2/n Image
Loans & EMIs have become an integral part of our life. Our salary payments are already pre-defined towards the debt obligations each month. In case our incoming cash flow gets disturbed, the EMIs will pile up each month & it might even lead to default.
Read 21 tweets
Before #investing, one should always dig deep into the fundamentals of your #investment.
Below are a few quick indicators which can give you an insight on whether a company's financial statements are misrepresented or accounts are being window dressed.

1) Percentage of miscellaneous expenses as a proportion to total revenue

2) Change in Reserves unexplained by Profit/Loss for the year and Dividends

3) Provision for Doubtful Debt as a proportion of Debtors outstanding for over 6 months

4) Growth in Auditors’ Remuneration vis-a-vis growth in revenues

5) Change in method of calculating depreciation

6) Trend in Ratio of Capital Work in Progress to Gross Block

7) Contingent Liabilities as a Percentage of Total Net Worth

#equity #investorawareness
Read 4 tweets
Educational thread: Investment mistakes you can make in your 20s:
1. Not a having a plan: 20s is the perfect time to start thinking about finances. There are less responsibilities, expenditure and the scope of savings is huge. Now is the time to think long-term.
2. Not knowing what to do with your earnings: In this knowledge-driven world, there is no shortage of data needed for research kn investments. Find out the investment options, the risks associated and make an investment plan.
Read 9 tweets
Educational thread: 6 Bad Financial Habits you should Avoid at all costs! Read and share:
1. Biting off more than you chew: While loans, credit cards ease your financial burden at the moment, piling them up is never a great idea. If this is your case, investing will be a distant dream.
2. Bad credit score: Most Indians are unaware of how credit scores are calculated. Even simple things like not paying bills, late payments can reflect adversely on your credit score. This can backfire in your future, if you apply for loans.
Read 9 tweets
#financialliteracy #wealthbuilding

How Can You Get Access to Capital?

Where 20 years ago, 70-90% of all initial public offerings were raising $50M or less, today only 30-40% of companies go public at that stage.
A major reason being, there is a lack of developed exchanges that are creating new listings of that size. This major change in our capital markets has left many companies without a transparent, safe marketplace to get liquidity and expand.
In our next webinar, we will be discussing this and what solution is coming for this very problem.
Dream Exchange

Dream Exchange is creating the first black-owned national stock exchange as well as the first ever venture stock exchange.
Read 6 tweets
Important Thread🧵on common #Financial Mistakes which people normally commit.

Credits: CA Govind M Chandak.

#WAFwd #InvestmentPlanning #Investing

Avoid these mistakes for better financial future.

@dmuthuk @Vivek_Investor @VidyaG88 @caniravkaria

🙏 RT to maximize reach🙏
❌ Buying Insurance Policies for investment purpose.

Always go for #TermInsuance
❌ Not able to wisely use Credit Card ...

As always pointed out by @dmuthuk sir & @FI_InvestIndia avoid #CreditCard for purchasing unnecessary stuff on credit.
Read 28 tweets
Thread 🧵on Why to Invest Money ❓

Must read for everyone, especially youngsters....

(If you like then please re-tweet to maximize reach)

#FinancialLiteracy #InvestmentPlanning
1⃣ With the passage of time the term #Money has become one of the most important necessity of everybody’s life, without which thinking about anything is next to impossible.
2⃣ Today with increasing human wants, longer life spans, and huge number of opportunities available to spend, just #earning good is not enough; it is equally important to #invest money wisely to ensure that it is generating a good return to secure yours and your family’s future.
Read 16 tweets
An extensive yet super simple thread to understand the role of @RBI and how it uses 'Repo Rate' and 'Reverse Repo Rate' 👇🧵

You may bookmark this for further use.

#economy #RBI #financialliteracy
1. Let us first understand the role of Reserve Bank of India in managing the Indian economy.
There are two major elements of the Indian economy.
👉The Businesses:
They are the producers of the goods and services. Any business would be happy if it is growing and the prices of the goods and services sold are ever rising. They would be more interested in ‘Economic growth’.
Read 31 tweets
A simple thread for beginners on 'How the price of a stock is decided?' 🧵👇
This can be helpful to understand the basic economics behind the stock price fluctuations.

#economics #financialliteracy
1. Let us first understand how the prices are decided! or to start with, let us know who decides the price? The buyer or the seller? Let us find out.
2. So, you enter a shoe shop and like a pair of shoe. You see the price tag which displays Rs.3000. You try to negotiate and then ultimately the seller agrees to sell you the shoe pair at Rs.2500. Image
Read 22 tweets
A super simple thread to help everyone understand the concept of 'Fiscal Deficit' and what happens when government spends more than its receipts. 👇🧵

#fiscaldeficit #economics #financialliteracy
1. Let us understand everything bit by bit.
Say, Raju is a businessman. Now, like every businessman, Raju is ambitious and curious to know his profit. Hence, he keeps his accounts to calculate his profit.
2. Throughout the year, his total revenue was Rs.10 lakh and his total expenditure was Rs.8 lakh. Hence, Raju is having profit or surplus of Rs.2 lakh.
Read 20 tweets
Have you ever wondered why price of large cap cos like Reliance ind. Ltd. or Apple inc. fluctuates less in magnitude but share price of a small cap co witnesses huge volatility?
A simple thread to explain the economics behind stock fluctuations!👇🧵
#investing #financialliteracy
1. Penny stocks show huge volatility but on the other hand stock of large cap companies show little fluctuations.
Did you ever observe how ‘Foreign Exchange’ rates show little fluctuation and are range bound?
Let us understand the economics behind it.
2. In this thread we will learn two things,
👉Why large companies show quick change in their prices though the magnitude of change is less?
👉What causes huge jump in prices of penny stocks? Or why on a bad day they can easily fall with huge magnitude?
Read 34 tweets
Are you excited for our December episode of Kairos?
This time we're exploring 🤹🏽‍♂‍Financial stability 🤹🏽‍♂‍

Missed the trailer? Quick recap:
👨🏽Maran, 48, Public Sector Bank Employee
❓Retire or be financially responsible
👴🏽ailing father
👩🏽‍🎓✈️daughter wants to study abroad
✅⏲️Right time for VRS?
Make guilt-free decisions about your future with a customised ithought #financialplan!
Read 11 tweets

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