Financial Literacy Research PowerPoint

By:Shantia Ferguson

1.What Is Financial Literacy?

• Financial Literacy is the ability to understand finance. It refers to the set of skills and knowledge that allows an individual to wake informed and effective through their understanding of finances. Its mainly used in connection with personal finance matters. Financial literacy often entails the knowledge of properly making decisions pertaining to certain personal finance areas like real estate, insurance, investing, saving (especially for college), tax planning and retirement.

Where I Got My Information From To Find Out What Financial Literacy Is?

• I Got My Information From Google &http://www.investopedia.com/terms/f/financial-literacy.asp#ixzz1saGqkyOB

2.How Do I Know Whether I Am Financially Literate?

• Only 10% of Americans taking the National survey did better than you did.

http://www.usfinancialcapability.org/

3.How Do I Compare With Respect To Others?

Correct Incorrect Don’t Know

Your Results 5 0 0National Average 3.0 0.7 1.2

4.How Does Financial Literacy in the United States (or Italy) Compare With Respect To Other Countries?

• In an increasingly risky and globalize marketplace, people must be able to make well-informed financial decisions.

• Yet new international research demonstrates that financial illiteracy is widespread when financial markets are well developed as in Germany, The Netherlands, Sweden, Japan, Italy, New Zealand, and The USA, or when they are changing rapidly as in Russia.

5.Why Should I Be A Financially Literate?

• Improve my saving skills.

• Take control of my own money.

• Be more prepared for unforeseen situation.

• Be prepared to pursue your financial goals.

6.Where Do I Go For Information If I Want To Improve My Financial Literacy?

• Television Programming

• Books

• Magazines

• Newsletters

• Blogs

• Financial Advisory

• Institution

• Banks

7.What If I Want To Have Fun While I’m Learning Financial Literacy?

• If you want to have fun while you are learning financial literacy , You can go to http://financialentertainment.org/

• It is some literacy games.

(http://annalusardi.blogspot.com)

8.What Do I Do To Promote Financial Literacy And To Become Financially

Literate?• Ask for financial literacy programs in your

school, work place, and your local library.

• Become an ambassador for financial literacy.

9.Who Is Promoting Financial Literacy?

• Ben Bernanke Of The Federal Reserve.

• Rag Lewis A Football Star.

• Bush And Obama

10.Are There Any Big Program/Plans Happening On Financial Literacy?

• One Important initiative Is that of the OECD (Organization for Economic Cooperation and Development).

11.Why Is A Business Plan Important And Who Should Write It?

• A business plan is important to help the owner validate the business. It also gives investors, banks , suppliers , partners , and potential hire information to make decisions about working with the company.

• Who should write the business plan? The best person to write the family business plan is the entrepreneurial owner of the family business.

12.How Do I Determine My Start-Up Costs And Other Expenses?

• To determine your startup costs, you must identify all the expenses that your business will incur during its startup phase. Some of these expenses will be one-time costs such as the fee for incorporating your business or price of a sign for your building. Some will be ongoing, such as the cost of utilities, inventory, insurance, etc.

• For More Information Go To : www.business-oppurtunities.biz/2004/10/23/the-importance-of-competition/

13.Why Is Competition Important?

• It should also be noted that business and economic competition in most countries is often limited or restricted. Competition often is subject to legal restrictions. For example, competition may be legally prohibited, as in the case with a government monopoly or a government-granted monopoly. Tariffs, subsidies or other protectionist measures may also be instituted by government in order to prevent or reduce competition.

• Depending on the respective economic policy, pure competition is to a greater or lesser extent regulated by competition policy and competition law. Another component of these activities is the discovery process, with instances of higher government regulations typically leading to less competitive businesses being launched.

• the importance of competition as the primary driver of reverse auctions success. Their findings appear to support that argument, as competition correlated strongly with the reverse auction success, as well as with the number of bidders.

14.What Makes A Successful Marketing Strategy?

• One of the key parts of a business plan is your marketing plan. Your marketing plan conveys your marketing and sales activities that answer the questions of who, what, where, when and how much.

• Plainly put, it’s where you’ll outline your goals and objectives for the brand, and how to reach them. You are no longer general, but specific instead.

15.Where Can You Or A Business Owner Go To Receive Advice?

• Do go to library and read about being in business. It isn't all that peoplethink it is.You left many variables out of questionso research what to do with money.visit daveramsey.com to learn lifelessons from others hard/costly experience.

•Source(s)• exstreet person, BizOwner now