In this episode, we kick off our series "Crash Course to Financial Literacy" with the basics that can transform your financial future. I'm Elaine, a Project Manager by day and a social media activist by night, and today we’ll dive into the fundamentals of financial literacy to help you make informed decisions and avoid scams.

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Why Learn Financial Literacy? Understanding personal finance is crucial to avoid being misled by fake gurus and MLM mentors. If you don't learn about money, others will take advantage, charging high fees or selling unnecessary financial products. Knowledge is power, and you are your best advocate!

Risk Tolerance Before investing, know your risk tolerance. Check out this Investor Profile Questionnaire from Schwab: www.schwab.com/resource/investment-questionnaire. Remember, you don’t need a middleman—learn to invest by yourself!

Spending and Saving Personal finance is about balancing spending today and saving for tomorrow. Track your income and expenses, and make sure your spending doesn’t exceed your earnings. Save what you can and invest wisely.

Investing Basics Investing means putting your money into financial instruments to grow over time. Whether it’s stocks, bonds, or mutual funds, starting early and choosing the right investments for you is key.

Saving vs. Investing Saving is setting aside money for future needs, while investing is about growing your money. Both are essential for a secure financial plan.

Start a Budget A budget is your financial blueprint. List your income and expenses to ensure you spend within your means and save for your goals. It's simple: earn, spend wisely, and save.

Importance of Emergency Fund Build an emergency fund first before investing. This safety net protects you from unexpected expenses without penalties.

Understanding Utang (Debt) Credit is borrowing money to be paid back with interest. Use it wisely to build a great credit history and manage debt responsibly.

Insurance Basics Insurance provides financial protection against unexpected events. Health, life, auto, and home insurance are essential. Remember, insurance is for protection, not investment.

Beware of Fake Financial Gurus Financial literacy helps you spot scams. Don’t trust others blindly—learn to ask the right questions and make informed decisions.

Why We Need to Offend People Don’t shy away from asking tough questions, even if it offends. Your hard-earned money deserves protection, and financial literacy empowers you to make informed decisions.

Remember, financial literacy is a journey. Keep learning, stay informed, and take control of your financial future.

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DISCLAIMER:

This channel is an exercise in free speech with an intention of public education. The conclusions and declarations are the opinion of the author. Nothing in the channel constitutes a claim that any referenced company is a criminal or illegal enterprise within the framework of current law and law enforcement. Scams, bad business opportunities, bad investment, and shady are subjective terms that mean different things to different people.

This video does not constitute and is not intended as advice or recommendation regarding investment decisions or strategies. It is not intended to cause any actions by individual consumers other than to consider the information provided. The information contained in this video has been obtained from sources that are publicly available and which the creator believes to be reliable. Some data cited in the report are estimates based on relevant available information.

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