SELINA AZENETH FIGUEROA BERLANGA

Financial Education
➢ Financial education is the possession of the set of skills and knowledge
that allows an individual to make informed and effective decisions
with all their financial resources.
➢ If you have a lot of money, you will still make bad decisions and
lose it all, because you don’t know what to do with it. So, if you
want to become rich long term, and not just for a couple of years,
you must get financially educated.
➢ Debt is not that bad (if you know how to use it), but still, people
demonize it because they don’t have the appropriate education.
➢ A very successful person once said: “most people are not
successful because they are afraid of success”.
➢ To become successful, you must step out of your comfort zone and
take risks.
➢ Charisma and confidence are some of the key ingredients you
need to become rich. if you don’t have the confidence to act,
you’ll never become rich.
➢ The 4 most important rules of being financially educated,
Rule 1 Don’t invest in what you don’t understand, you will never, ever, get
rich long-term by working for someone else. You must start investing.

Rule 2 Debt is a powerful but deadly weapon, there is good and bad
debt. Getting in debt is a tool that you can use to get rich. For example,
you might want to get a loan to start your business. If it all goes as
planned, you will pay off your debt and will be free to expand your
business as long as you’re always paying off your dues.

Rule 3 Think rich, we shouldn’t live way beyond what we can afford,
because this is how most people end up in serious financial trouble. If you
are disciplined and wise about what you’re doing with your money, you
must also spend your money on things that give you confidence, and
make you feel good.

Rule 4: Develop Skills to Acquire Assets, Assets are things that put money
in your pocket, while liabilities are things that take money out of your
pocket.

1.They bring a lot of value to the market.

2.They make you a lot of money.
So, instead of working for someone else, start developing skills that will
help you generate income from nothing, just by delivering results to the
market. Figure out what best fits your abilities and develop your first high-
income skills to gain the resources necessary to acquire more and more
assets.