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Want to know the do’s and donts of being financially literate?
This thread will give some insight into how just taking these steps will give you the path towards financial freedom:
A THREAD
This thread will give some insight into how just taking these steps will give you the path towards financial freedom:
A THREAD
The don’t of financial literacy:
Don’t get into consumer debt (credit card debt)
Don’t max out credit cards pay them off in full each month
Don’t finance cars.
If you start to earn more, don’t spend it on lifestyle inflation just because you have it.
Don’t get into consumer debt (credit card debt)
Don’t max out credit cards pay them off in full each month
Don’t finance cars.
If you start to earn more, don’t spend it on lifestyle inflation just because you have it.
The do’s of financial literacy:
-have an emergency fund consisting of all expenses for 6 months
-pay vehicles in cash as you can negotiate better (cash is king).
-save 10% for investing into the stock market or real estate to build passive income.
-have an emergency fund consisting of all expenses for 6 months
-pay vehicles in cash as you can negotiate better (cash is king).
-save 10% for investing into the stock market or real estate to build passive income.
By following the steps in this thread it will bring you closer to financial freedom where you can do things on your time! If you liked this thread, please like and retweet the first tweet I’d appreciate it!
