Financial Knowledge

 

   

Financial Knowledge is essential why? 

Financial knowledge is essential because status of our life depends on financial conditions. If financial condition is sound then one's life may be better but financial conditions become good by financial knowledge. 

Financial knowledge includes many factors like

Knowledge of investing options. 

Knowledge of how to increase money. 

Knowledge of importance of money

Knowledge of how long one should be invested. 

Knowledge of different 

investing strategies. 

... are some basic things about financial knowledge. 

Financial knowledge also includes

Having  emergency fund. 

Having  term insurance

Having  medical insurance

Having wish to  enhance our skills. 

Having  clear vision about saving and  spending. 

Financial knowledge is the knowledge which must be gained by everyone. If one has

 to pay some fee for financial consultation then also one should go through this. 

By having updated financial knowledge we can improve our quality of life, because  now a days to increase income is not easy and value of the money is going down because of inflation. Only way to increase our wealth is having knowledge of finance. 

By financial knowledge one learns the art of growing money without pain and without cut of our daily essential expenses. 

This is what I think and what is my knowledge. It is up to you whether you like it or not. So use your distinct and consult of your financial advisor.