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Financial literacy means not losing your paycheck to payday lenders, pawn shops, etc. Knowing how to invest when you have spare money is only a tiny portion of
by pathseeker 5y ago
Financial literacy means not losing your paycheck to payday lenders, pawn shops, etc. Knowing how to invest when you have spare money is only a tiny portion of it.
Dollar stores survive entirely on financial illiteracy. Everything at them costs more per unit than at regular stores but people think they are getting a good deal because it's only $1.
- giantg2 5y ago"Financial literacy means not losing your paycheck to payday lenders, pawn shops, etc." Yes, but it won't lead to financial freedom at such a low income level because all the money goes to basic necessities. There's no room for discretionary spending or even investing.