Why Financial Literacy?

So here I sit, enjoying a tall cup of Joe as Financial Literacy Month comes to a close. Financial Literacy is my M.O. It’s what I live for!

If you read through my posts, you should already know the answer to this question:

Why should you be Financially Literate?

A study by the financial services company TIAA-CREF show that people with high financial literacy skills have double the wealth of those who do not. Also, those with low financial literacy skills pay a lot more for things.

So which would you rather be? The person who has more $$$ in their pocket, or the one who get’s the bum’s rush with their pockets empty?

http://business.time.com/2012/04/09/op-ed-improving-financial-literacy-is-essential-to-our-nations-economic-health/

Financial Literacy doesn’t need to make you fried! Listen up Ace, it just takes a little effort to really understand what you need to know!

Want to keep up with your financial literacy skills? Visit our website, where we post financial literacy tips regularly. Follow us on Facebook and Twitter! And stay tuned form my videos where all the pieces of the financial literacy puzzle falls into place.

I’m Frank Money – Your very effective money detective.

Did you know that YOU are a MILLIONAIRE!

No really, you are. And so is most everyone you know?

How you ask? Well I’ve cracked this case wide open and this Talkin’ Money video explains it!

Through your lifetime, you will most likely earn a million dollars, and probably much more! Here’s a chart showing the Median Lifetime Earnings by College Majors. Just look at the return of a high school degree, versus an Associate’s College Degree and All Majors – it’s pretty amazing!

There was more to the caper than I bargained for – How are you gonna manage your money? It takes responsibility, and, being financially literate!

April is National Financial Literacy Month, Detective Frank Money’s favorite month, and there’s just a few days remaining! To celebrate the importance of being financially literate, Detective Money is going to post financial literacy tips every day.

Education ROI

OK Frank Money here, your very effective money detective – Listen up! We need to know the R-O-I of that higher education your pursuing?

What’s ROI you ask? That’s RETURN ON INVESTMENT.

Whether it be college, trade or vocational schools you INVEST your time as well as money to get an education. The end result is a career you hopefully will love with yearly earnings being the RETURN.

It’s important to ask yourself – what is the payoff for all your blood, sweat and tears…and cost. It’s time to do the math.

QUESTION 1 – What is the cost of your higher education.

QUESTION 2 – What is the average starting salary of a job in your area of study?

The blog fivethirtyeight.com has a great chart of understanding what the average median earning is for your degree and future job.

http://fivethirtyeight.com/features/the-economic-guide-to-picking-a-college-major/

QUESTION 3 – Now look the first two questions – how many years will you have to work to equal the cost of higher education. In other words, how many years of working will it take you to break even in paying back that cost of education.

That’s your ROI.

Life is about pursuing interests that you love, but it’s equally important to consider the path you take and whether the return will be worth it.

April is National Financial Literacy Month, Detective Frank Money’s favorite month! To celebrate the importance of being financially literate, Detective Money is going to post financial literacy tips every day.

What Is The
Return On Your Degree?

I’m Frank Money, your very effective money detective.

I was reading my tablet this morning an came across this post by the blog FiveThirtyEight that I deduced was right on target – check it out!

https://fivethirtyeight.com/features/the-economic-guide-to-picking-a-college-major/?ex_cid=538twitter

As I’ve always said – It’s important to foresee the return on your degree!

I find myself rhymin’ all of the timin’…

Financially Literacy Doesn’t
Need To Make You Fried!

2016_0430-WhyFinLit

As Financial Literacy Month comes to a close, we hope you have enjoyed all our posts.

If you read through them, you already know the answer to this question:

Why should you be Financially Literate?

A study by the financial services company TIAA-CREF show that people with high financial literacy skills have double the wealth of those who do not. Also, those with low financial literacy skills pay a lot more for things.

So which would you rather be? The person who has more $$$ in their pocket, or the one who does not!

http://business.time.com/2012/04/09/op-ed-improving-financial-literacy-is-essential-to-our-nations-economic-health/

Financial Literacy doesn’t need to make you fried! It just takes a little effort to really understand what you need to know!

Want to keep up with your financial literacy skills? Visit our website, where we post financial literacy tips regularly. Follow us on Facebook and Twitter!

You’re A Millionaire!

Did you know that YOU are a MILLIONAIRE!

No really, you are. And so is most everyone you know?

How you ask? Well this Talkin’ Money video explains it!

Through your lifetime, you will most likely earn a million dollars, and probably much more! Here’s a chart showing the Median Lifetime Earnings by College Majors. Just look at the return of a high school degree, versus an Associate’s College Degree and All Majors – it’s pretty amazing!

LifetimeEarningsROI

How are you gonna manage your money? It takes responsibility, and, being financially literate!

April is National Financial Literacy Month, Talkin’ Money’s favorite month! There’s just a few days left, but you can always revisit our website to review all the financial literacy tips we’ve posted – and more!

What’s The REAL Cost
Of Owning A Car?

OK, you need to get around. A car is in order right? Well ask yourself – What is the real cost of owning an automobile?

This Talkin’ Money video tells the story of one millennial who realized after the fact how much a car costs.

This is an example of the look and feel all the videos in our financial literacy series.

April is National Financial Literacy Month, Talkin’ Money’s favorite month! There’s just a few days left, but you can always revisit our website to review all the financial literacy tips we’ve posted – and more!

April is National Financial Literacy Month, Talkin’ Money’s favorite month! To celebrate the importance of being financially literate, we’re going to post financial literacy tips every day.

What’s the R-O-I On
Your Higher Education?

OK – Listen up! We need to know the R-O-I of that higher education your pursuing?

ROI you ask? That’s RETURN ON INVESTMENT.

Whether it be college, trade or vocational schools you INVEST your time as well as money to get an education. The end result is a career you hopefully will love with yearly earnings being the RETURN.

It’s important to ask yourself – what is the payoff for all your blood, sweat and tears…and cost. It’s time to do the math.

QUESTION 1 – What is the cost of your higher education.

QUESTION 2 – What is the average starting salary of a job in your area of study?

The blog fivethirtyeight.com has a great chart of understanding what the average median earning is for your degree and future job.

http://fivethirtyeight.com/features/the-economic-guide-to-picking-a-college-major/

QUESTION 3 – Now look the first two questions – how many years will you have to work to equal the cost of higher education. In other words, how many years of working will it take you to break even in paying back that cost of education.

That’s your ROI.

Life is about pursuing interests that you love, but it’s equally important to consider the path you take and whether the return will be worth it.

April is National Financial Literacy Month, Talkin’ Money’s favorite month! To celebrate the importance of being financially literate, we’re going to post financial literacy tips every day.

LifetimeEarningsROI