“Financial illiteracy is not an issue unique to any one population. It affects everyone: men and women, young and old, across all racial and socioeconomic lines. No longer can we stand by and ignore this problem. The economic future of the United States depends on it.”
President’s Advisory Council on Financial Literacy
“College graduates spent 16 years gaining skills that will help them command a higher salary; yet little or no time is spent helping them save, invest and grow their money.”
Vince Shorb, CEO, National Financial Educators Council
“If you don’t understand the language of money, and you don’t have a bank account, then you’re just an economic slave.”
John Hope Bryant, CEO, Operation HOPE
“The widespread deficit in financial literacy has raised a good deal of concern among government agencies, policymakers, and leaders in the community and business sectors. There are several reasons for this concern. First, the number and complexity of available financial products have increased dramatically in the past two decades, effectively transferring a higher burden of financial responsibility and risk to the consumer.”
National Financial Capability Strategy
“Financial education program is carefully implemented, it can improve the credit scores and lower the probability of credit delinquency for young adults.”
FINRA Investor Education Foundation State Financial Education Mandates
“There is a secret psychology of money. Most people don’t know about it. That’s why most people never become financially successful. A lack of money is not the problem; it is merely a symptom of what’s going on inside of you.”
T. Harv Eker.
“The number one problem in today’s generation and economy is the lack of financial literacy.”
Alan Greenspan
“We were not taught financial literacy in school. It takes a lot of work and time to change your thinking and to become financially literate.”
Robert Kiyosaki
“Teachers are the single most important influence on student success. The qualifications of financial educators have direct impact both on short-term student outcomes and on their long-term financial well-being.”
Vince Shorb, CEO, National Financial Educators Council
FAQs
Harv Eker. “The number one problem in today's generation and economy is the lack of financial literacy.”
What did Robert Kiyosaki say about financial literacy? ›
Robert Kiyosaki, the founder of the “Rich Dad, Poor Dad” empire, says that there are six basic words that are key to financial literacy and education: income, expense, asset, liability and cash flow. The last “key” is a combination of two words, making six total terms that Kiyosaki finds essential.
What are some financial quotes? ›
10 Famous Quotes About Finances & Credit
- “Money is a terrible master but an excellent servant.” ...
- “A man who pays his bills on time is soon forgotten.” ...
- “The most difficult thing is the decision to act, the rest is merely tenacity.” ...
- “Beware of little expenses; a small leak will sink a great ship.”
By combining the golden rule of “Pay Yourself First” with the 50/30/20 rule, you create a comprehensive approach to managing your finances. The golden rule ensures that savings and investments are prioritized, while the 50/30/20 rule provides a framework for allocating your income across different expense categories.
What was Robert Kiyosaki's famous quote? ›
The size of your success is measured by the strength of your desire; the size of your dream; and how you handle disappointment along the way.
What are the four pillars of financial literacy? ›
Financial literacy is having a basic grasp of money matters and its four fundamental pillars: debt, budgeting, saving, and investing. It's understanding how to build wealth throughout one's life by leveraging the power of these pillars.
What is a quote about financial intelligence? ›
If your financial intelligence is low, money will run all over you. It will be smarter than you. If money is smarter than you, you will work for it all your life. To be the master of money, you need to be smarter than it.
What is the financial advice by Kiyosaki? ›
Kiyosaki wrote that he and his wife, Kim, achieved financial success by using a method called “Pay Yourself First.” He wrote, “Essentially, this is a way of prioritizing your financial saving and investing, making it an expense item on your budget … the most important one.”
What is Dave Ramsey's famous quote? ›
“If you live like no one else, later you can live like no one else.” This is one of Dave's most famous quotes, and here's why I love it: Winning with money requires sacrifice, and it takes time. It's not rocket science, but it does require consistency.
What is an inspirational quote about accounting and finance? ›
“Accounting is the art of turning chaos into clarity and confusion into financial wisdom.” “The best accountants are the architects of financial legacies.” “In the world of finance, the best accountants are the sculptors of economic success.”
It is not what we take up, but what we give up, that makes us rich. Make no mistake, my friend, it takes more than money to make men rich. The wealth of a soul is measured by how much it can feel; its poverty by how little. Time is the most valuable thing a man can spend.
What is a wise quote about money? ›
Epictetus: “Wealth consists not in having great possessions, but in having few wants.” Edmund Burke: “If we command our wealth, we shall be rich and free; if our wealth commands us, we are poor indeed.” Jim Rohn: “Formal education will make you a living; self-education will make you a fortune.”
What is a deep motivational quote about money? ›
Benjamin Franklin: “Wealth is not his that has it, but his that enjoys it.” Andy Warhol: “Making money is art and working is art and good business is the best art.” Ayn Rand: “Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.
What is a quote about financial learning? ›
32 finance quotes to inspire your financial literacy journey
- "An investment in knowledge pays the best interest." – Benjamin Franklin.
- "The stock market is filled with individuals who know the price of everything, but the value of nothing." – Philip Fisher.
Financial literacy focuses on the ability to manage personal finance effectively, which requires experience of making appropriate personal finance choices, such as savings, insurance, real estate, college payments, budgeting, retirement and tax planning.
What are the quotes for literacy? ›
10 Inspiring Quotes on International Literacy Day
- Literacy is a bridge from misery to hope. ...
- Education is the most powerful weapon with which you can change the world. ...
- Let us remember: One book, one pen, one child, and one teacher can change the world. ...
- You educate a man; you educate a man.
“Once you learn to read, you will be forever free.” “There are many little ways to enlarge your world. Love of books is the best of all.” “Reading without reflecting is like eating without digesting.”
