“Financial illiteracy is not an issue unique to any one population. It affects everyone: men and women, young and old, across all racial and socioeconomic lines. No longer can we stand by and ignore this problem. The economic future of the United States depends on it.”
President’s Advisory Council on Financial Literacy
“College graduates spent 16 years gaining skills that will help them command a higher salary; yet little or no time is spent helping them save, invest and grow their money.”
Vince Shorb, CEO, National Financial Educators Council
“If you don’t understand the language of money, and you don’t have a bank account, then you’re just an economic slave.”
John Hope Bryant, CEO, Operation HOPE
“The widespread deficit in financial literacy has raised a good deal of concern among government agencies, policymakers, and leaders in the community and business sectors. There are several reasons for this concern. First, the number and complexity of available financial products have increased dramatically in the past two decades, effectively transferring a higher burden of financial responsibility and risk to the consumer.”
National Financial Capability Strategy
“Financial education program is carefully implemented, it can improve the credit scores and lower the probability of credit delinquency for young adults.”
FINRA Investor Education Foundation State Financial Education Mandates
“There is a secret psychology of money. Most people don’t know about it. That’s why most people never become financially successful. A lack of money is not the problem; it is merely a symptom of what’s going on inside of you.”
T. Harv Eker.
“The number one problem in today’s generation and economy is the lack of financial literacy.”
Alan Greenspan
“We were not taught financial literacy in school. It takes a lot of work and time to change your thinking and to become financially literate.”
Robert Kiyosaki
“Teachers are the single most important influence on student success. The qualifications of financial educators have direct impact both on short-term student outcomes and on their long-term financial well-being.”
Vince Shorb, CEO, National Financial Educators Council
FAQs
Choosing to invest in income-generating assets allows you to break free from the shackles of a limited income, opening doors to a world of possibilities. Parents, your wallet is your child's first financial textbook. Invest wisely, for time is the fuel that ignites the flame of future wealth.
What are some financial quotes? ›
15 Quotes About Finance From Money Saving Experts
- “Opportunities come infrequently. ...
- “Beware of little expenses. ...
- “A budget tells us what we can't afford, but it doesn't keep us from buying it.” – William Feather. ...
- "Make sure you have financial intelligence… ...
- “Tough times never last, but tough people do.” – Robert H.
Financial literacy is having a basic grasp of money matters and its four fundamental pillars: debt, budgeting, saving, and investing. It's understanding how to build wealth throughout one's life by leveraging the power of these pillars.
What is a famous quote about money and education? ›
Sir Claus Moser, said, “Education costs money, but then so does ignorance.” I once saw a similar quote on a bumper sticker, “If you think education is expensive, try ignorance.” Aristotle once said, “Education is the best provision for old age.”
What is an inspiring quote for finance? ›
“Money is a terrible master but an excellent servant.”
His quote sums up the importance of making your money work for you. Barnum points out that, if all you do is work for money, it essentially becomes your master.
What is Warren Buffett's famous quote? ›
“Price is what you pay. Value is what you get.”
What is a quote about financial intelligence? ›
If your financial intelligence is low, money will run all over you. It will be smarter than you. If money is smarter than you, you will work for it all your life. To be the master of money, you need to be smarter than it.
Why is financial planning important quotes? ›
To achieve what 1% of the worlds population has (Financial Freedom), you must be willing to do what only 1% dare to do.. hard work and perseverance of highest order. I believe that the biggest mistake that most people make when it comes to their retirement is they do not plan for it.
What is a famous quote for investing? ›
“Invest for the long haul. Don't get too greedy and don't get too scared.” “Waiting helps you as an investor and a lot of people just can't stand to wait. If you didn't get the deferred-gratification gene, you've got to work very hard to overcome that.”
What are the three C's in financial literacy? ›
Character, capital (or collateral), and capacity make up the three C's of credit. Credit history, sufficient finances for repayment, and collateral are all factors in establishing credit. A person's character is based on their ability to pay their bills on time, which includes their past payments.
1. Budget your money. In general, there are four main uses for money: spending, saving, investing and giving away. Finding the right balance among these four categories is essential, and a budget can be a very useful tool to help you accomplish this.
What is financial literacy by Robert Kiyosaki? ›
In summary, financial literacy, according to Robert Kiyosaki, is the ability to make informed financial decisions and manage personal finances effectively, including understanding basic money management principles, asset and liability management, and strategic use of debt to build wealth.
What is a quote for financial literacy for students? ›
“Financial freedom is available to those who learn about it and work for it.” — Robert Kiyosaki. With Good Good Piggy, children can develop financial literacy and take active steps towards achieving long-term financial freedom.
What is a motto for money? ›
A money motto is a saying or phrase that represents your beliefs around money. It is a guiding principle that represents how you interact with your money.
What is an inspirational financial literacy quote for students? ›
“Do not save what is left after spending; instead spend what is left after saving.” ― Warren Buffett. We mostly spend first and save what is left. But instead, we should 'pay ourselves first'. The first payment from our salary should be to ourselves by investing straight from our salary before tax.
What is an inspirational quote about early literacy? ›
“Once you learn to read, you will be forever free.” “There are many little ways to enlarge your world. Love of books is the best of all.” “Reading without reflecting is like eating without digesting.”
