Make Financial Terms Less of a Mystery.
In order to become savvy about your own finances, you need to understand a few useful financial definitions. This compilation of financial terms is a comprehensive list of various financial words or concepts that you are likely to come across in your financial expedition.
Financial ignorance carries significant costs and results in spending more on transaction fees, get over-extended with debts as you are a ripe prospect for predatory practices.
If you cannot comprehend basic financial concepts, such as interest compounding and financial risk diversification, you're paying higher transaction fees, you pile up unmanageable debts and you also end up paying higher interest on loans.
Well-Being and Freedom Starts with Financial Education
It's the single biggest skill that can ensure economic well-being and freedom. In modern parlance, it is known as financial literacy. It is a combination of financial awareness, knowledge, skills, and attitudes necessary to make sound financial decisions and ultimately achieve individual financial well-being.
If you have a grasp of financial principles, you are able to better understand and negotiate the financial landscape and avoid financial pitfalls.
Ever wondered what an ARM is, or wanted understand the differences in Bankruptcy filings. Among so many other financial terms.
This book was a great help for me, so easy to understand and well explained. It is very up to date in that it covers even the new electronic currency and blockchain data storage.
So many different sections Crypto Currency, Core Inflation, Consumer Price Index. Thank you for such an informative book. I would highly recommend this to anyone wanting to learn more.