Knowing financial terms and other surplus jargon is irrelevant to one’s personal financial situation. However, knowing some financial terms is marginally helpful to one’s general well being. Understanding how the Fed uses the Federal Open Market Committee (FOMC) to implement monetary policy through Open Market Operations (OMOs) as they direct the Federal Reserve Bank of NY’s Trading Desk to buy securities – is not in the least bit helpful.
In my view, the solution to tackling the debt, saving, and poor knowledge dilemma is teaching people how to make better decisions. Personal Financial Proficiency (PFP) in a manner that allows them to make smart financial decisions in their personal lives, their professional lives, or maybe in their business lives
There is so much information, programs, and courses focusing on financial literacy today; most of them are of little value and waste time. Countless studies have shown that many people fail basic financial questions when asked, and many have so little savings that they can’t handle a $2,000 emergency.
Teaching financial proficiency through my Foundation Building program is simple; it takes real-life situations and breaks them down so you can apply real-life fixes. The big difference with the Foundation Building program is that they learn these solutions through short 15-minute programs.
In creating these programs, I reversed and engineered over the last four decades the excuses people used for not having enough saved or accumulated debt, etc. I have heard every excuse you can imagine, and I took all those reasons why they couldn’t and designed solutions so they could. Sadly, the lack of sufficient savings and spending habits is not a problem for just the working poor; it dramatically affects people earning over $250,000 as well. These classes are designed for everyone to get proficient in PFP.
For more Healthy Money Tips Listen to our PodCast “Money 911”
Meet with Kris Miller – Financial Fitness Strategy Sessions
https://healthymoneyhappylife.com/
Kris@HealthyMoneyHappyLIfe.com
(951) 926-4158
