Wealth Literacy VERSUS Financial Literacy

In today’s society, there is much discussion about how young individuals are financially illiterate, as if financial knowledge were sufficient to enable them to accumulate money.

However, despite the fact that millions of individuals have read “Rich Dad, Poor Dad,” one of the best financial literacy books available, there is a disconnect between the basic ideas of financial literacy and their application in the pursuit of financial independence. There is still a bridge to wealth-building that novels such as “Rich Dad, Poor Dad” have failed to cross, and it is somewhere out there.

This is not a bridge of financial literacy, but rather a bridge of financial wealth literacy. In the event that I were the president of a university, I would make certain that my business program included the following courses:

(1) What is Leverage and How Does It Work?

(2) The Four Pillars of Financial Success

(3) How to Make Money Investing

(4) Cryptocurrency , Gold and Precious Metals

(5) How to Make the Most of Your Time

(6) Exposing and dispelling common investment myths; and

(7) Networking

Following the completion of the fundamental curriculum, I would deliver numerous more classes, including the following:

(1) The Relationship Between Politics and Investing; and (2) The Relationship Between Politics and Investing
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(2) Taking Advantage of Technology to Increase Wealth

The knowledge gained from all of these courses would provide an adequate basis for building wealth without the need for considerable trial and error, hardship, or outright failure on the part of young adults. Instead, traditional institutions of higher learning do not provide such courses at any level and instead remain entrenched in curricula that are geared toward theory rather than application, such as statistics, economics 101, marketing, and financial management.  READ MORE...