{"id":7352,"date":"2018-12-19T21:00:56","date_gmt":"2018-12-20T02:00:56","guid":{"rendered":"http:\/\/www.irasmithinc.com\/blog\/?p=7352"},"modified":"2018-12-19T21:01:35","modified_gmt":"2018-12-20T02:01:35","slug":"financial-literacy-books","status":"publish","type":"post","link":"https:\/\/irasmithinc.com\/blog\/financial-literacy-books\/","title":{"rendered":"FINANCIAL LITERACY BOOKS ARE GREAT BUT MAY NOT BE YOUR BEST RESOURCE"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"FINANCIAL LITERACY BOOKS ARE GREAT BUT MAY NOT BE YOUR BEST RESOURCE\" width=\"580\" height=\"326\" src=\"https:\/\/www.youtube.com\/embed\/TO5Zi9c5u_o?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2 id='financial-literacy-books-introduction'  id=\"boomdevs_1\"><span style=\"color: #00ccff\"><strong>Financial literacy books: \u00a0Introduction<\/strong><\/span><\/h2>\n<p><span style=\"font-weight: 400\"><br \/>\n<\/span><span style=\"font-weight: 400\">The power of today&#8217;s technology enables one to discover ways to learn without needing to look very hard for it. The Internet has changed the ways we learn and in general, approach life. \u00a0To gain financial literacy, <\/span><b>financial literacy books<\/b><span style=\"font-weight: 400\"> are now merely one of many ways we can use to improve our financial acumen.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The academic system, for the most part, still uses classical teaching methods. As a standard, literacy is defined as the ability to write and read. Financial literacy is the ability of people to learn and understand basic financial concepts, strategies and information. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Unfortunately, financial literacy is not so common after all. With 21st century education, financial reading and financial writing can be used to make financial liberty. <\/span><a href=\"http:\/\/www.irasmithinc.com\/blog\/financial-literacy-for-kids\"><span style=\"font-weight: 400\">Financial literacy<\/span><\/a><span style=\"font-weight: 400\"> ought to not be a far-flung idea for people, starting at a very young age.<\/span><span style=\"font-weight: 400\"><br \/>\n<\/span><span style=\"font-weight: 400\"><br \/>\n<\/span><\/p>\n<h2 id='financial-literacy-books-think-differently'  id=\"boomdevs_2\"><span style=\"color: #00ccff\"><strong>Financial literacy books: \u00a0Think differently<\/strong><\/span><\/h2>\n<p><span style=\"font-weight: 400\">In his best-selling book &#8220;<\/span><a href=\"https:\/\/www.amazon.com\/What-Didnt-Learn-School-Wish\/dp\/0958192219\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">What I Didn&#8217;t Learn in School however I Wish I Had<\/span><\/a><span style=\"font-weight: 400\">&#8220;, author Jamie McIntyre talks about the relevance of financial literacy and 21st-century education. From the title of his book, he freely tells us that we are not discovering what could have been general information for success. The standard view forces the most people to be and follow a structure in a system before all the modern tools available to us today.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As a self-made millionaire, Jamie McIntyre advocates that to be a <\/span><a href=\"http:\/\/www.irasmithinc.com\/blog\/womens-financial-inclusion-2\/\"><span style=\"font-weight: 400\">financial success<\/span><\/a><span style=\"font-weight: 400\">, people need to be doing the opposite of what others have actually been doing for so long. By being financially literate, we can find reasons why people fail and discover ways to avoid these factors.<\/span><span style=\"font-weight: 400\"><br \/>\n<\/span><span style=\"font-weight: 400\"><br \/>\n<\/span><span style=\"font-weight: 400\">Financial literacy transcends the standard read-write approach. By having a different method or viewpoint to one&#8217;s life, financial literacy can be used to establish various monetary strategies with the hope of accomplishing financial flexibility. <\/span><\/p>\n<h2 id='financial-literacy-books-there-are-many-methods-to-increase-financial-literacy'  id=\"boomdevs_3\"><strong><span style=\"color: #00ccff\">Financial literacy books: \u00a0There are many methods to increase financial literacy<\/span><\/strong><\/h2>\n<p><span style=\"font-weight: 400\">To become <\/span><a href=\"http:\/\/www.irasmithinc.com\/blog\/debt-how-are-you-managing-it-need-help-with-your-financial-plan\/\"><span style=\"font-weight: 400\">financially literate<\/span><\/a><span style=\"font-weight: 400\">, there are many ways people historically have learned about finance, with some new ones. \u00a0I think some people would say that we can take financial courses or try to get the best financial advice from the best financial advisor. \u00a0Others may suggest to read the best financial advice books of all time or go to the most popular money advice websites. <\/span><\/p>\n<p><span style=\"font-weight: 400\">However, a research paper released in September 2018, may just give us a glimpse into a different way of gaining financial literacy.<\/span><\/p>\n<h2 id='financial-literacy-books-what-is-financial-literacy'  id=\"boomdevs_4\"><strong><span style=\"color: #00ccff\">Financial literacy books: \u00a0What is financial literacy?<\/span><\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Financial literacy is the ability of people to get an understanding when it comes to standard monetary strategies and information. With 21st century education, <\/span><a href=\"http:\/\/www.irasmithinc.com\/blog\/top-scams-in-canada\"><span style=\"font-weight: 400\">financial reading<\/span><\/a><span style=\"font-weight: 400\"> and monetary writing can be used to obtain monetary flexibility. Financial literacy needs to not be a far-flung idea for individuals of any age.<\/span><\/p>\n<h2 id='financial-literacy-books-a-new-research-study'  id=\"boomdevs_5\"><strong><span style=\"color: #00ccff\">Financial literacy books: \u00a0A new research study<\/span><\/strong><\/h2>\n<p><span style=\"font-weight: 400\">A brand-new research study discovered that people with reduced <\/span><a href=\"http:\/\/www.irasmithinc.com\/blog\/financial-skills\"><span style=\"font-weight: 400\">financial knowledge<\/span><\/a><span style=\"font-weight: 400\"> have a tendency to find out more and make far better choices about money if they are helped by peers that have comparable degrees of financial expertise. \u00a0This is the case more than if they read financial literacy books or got financial advice from people with much more financial experience and knowledge.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The study, <\/span><a href=\"https:\/\/www.nber.org\/papers\/w25034\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Peer Advice on Financial Decisions: A case of the blind leading the blind?<\/span><\/a><span style=\"font-weight: 400\">, was released in September 2018. \u00a0The research showed that the majority of university undergrads with little financial acumen learned better after looking for help from a peer that was in a similar way unenlightened and not somebody having a lot more financial savviness.<\/span><span style=\"font-weight: 400\"><br \/>\n<\/span><span style=\"font-weight: 400\"><br \/>\n<\/span><span style=\"font-weight: 400\">While this may strike you as being strange, the study described why it makes good sense. \u00a0Learning was better between people who can understand and had the patience for each other&#8217;s learning gaps stated <\/span><a href=\"http:\/\/www.rotman.utoronto.ca\/FacultyAndResearch\/Faculty\/FacultyBios\/Ambuehl\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Professor Sandro Ambuehl<\/span><\/a><span style=\"font-weight: 400\">, a co-author of the research and an assistant prof at the University of Toronto&#8217;s <\/span><a href=\"http:\/\/www.rotman.utoronto.ca\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Rotman School of Management<\/span><\/a><span style=\"font-weight: 400\">. \u00a0His fellow researchers are B. Douglas Bernheim of Stanford University, Fulya Ersoy of Loyola Marymount University and Donna Harris of the University of Oxford.<\/span><\/p>\n<h2 id='financial-literacy-books-a-new-way-of-learning'  id=\"boomdevs_6\"><strong><span style=\"color: #00ccff\">Financial literacy books: \u00a0A new way of learning<\/span><\/strong><\/h2>\n<p><span style=\"font-weight: 400\">What this suggests to me is that one of the best ways to teach financial literacy is to start in the <\/span><a href=\"http:\/\/www.irasmithinc.com\/blog\/financial-literacy-for-kids\"><span style=\"font-weight: 400\">elementary schools<\/span><\/a><span style=\"font-weight: 400\"> and continue it throughout <\/span><a href=\"http:\/\/www.irasmithinc.com\/blog\/personal-debt-load-increase\"><span style=\"font-weight: 400\">high school<\/span><\/a><span style=\"font-weight: 400\">. \u00a0Let groups of students interact with their peers to learn together on age proper financial and investment definitions, terms, subjects and strategies. \u00a0The study suggests that and not leaving it up to people to try to learn it for themselves, promoting learning in peer groups, may be the easiest and most efficient way for learning financial literacy.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Our provincial governments should be taking the lead in encouraging our teachers to start teaching financial literacy to children at a very young age. \u00a0The study indicates that by having peers work in groups to learn about <\/span><a href=\"http:\/\/www.irasmithinc.com\/blog\/canadian-banknruptcy-expert\/\"><span style=\"font-weight: 400\">financial matters<\/span><\/a><span style=\"font-weight: 400\">, may just be the way for us to have more financially literate adults and a society that has great financial literacy. \u00a0Peer groups working together to increase their financial knowledge may just be the best resource.<\/span><\/p>\n<h2 id='financial-literacy-books-do-you-have-too-much-debt'  id=\"boomdevs_7\"><strong><span style=\"color: #00ccff\">Financial literacy books: \u00a0Do you have too much debt?<\/span><\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Do you feel that you don\u2019t have sufficient financial literacy? \u00a0Do you believe that the lack of knowledge has led to you making <\/span><a href=\"http:\/\/www.irasmithinc.com\/blog\/money-management-mistakes-2\/\"><span style=\"font-weight: 400\">financial mistakes<\/span><\/a><span style=\"font-weight: 400\">? \u00a0Have these mistakes caused you to now have too much debt? \u00a0Is the pain and stress of too much debt now negatively affecting your health?<\/span><\/p>\n<p><span style=\"font-weight: 400\">If so, contact the <\/span><a href=\"http:\/\/www.irasmithinc.com\/contact_us.html\"><span style=\"font-weight: 400\">Ira Smith Team<\/span><\/a><span style=\"font-weight: 400\"> today. \u00a0We have decades and generations of helping people and companies in need of <\/span><a href=\"http:\/\/www.irasmithinc.com\/bankruptcy_personal.html\"><span style=\"font-weight: 400\">financial restructuring and counselling<\/span><\/a><span style=\"font-weight: 400\">. \u00a0As a <\/span><a href=\"http:\/\/www.irasmithinc.com\"><span style=\"font-weight: 400\">licensed insolvency trustee<\/span><\/a><span style=\"font-weight: 400\"> (formerly known as a bankruptcy trustee), we are the only professionals licensed and supervised by the Federal government to provide debt settlement and financial restructuring services.<\/span><\/p>\n<p><span style=\"font-weight: 400\">We offer a <\/span><a href=\"http:\/\/www.irasmithinc.com\/contact_us.html\"><span style=\"font-weight: 400\">free consultation <\/span><\/a><span style=\"font-weight: 400\">to help you solve your problems. \u00a0We understand your pain that debt causes. \u00a0We can also end it right away from your life. \u00a0This will allow you to begin a fresh start, Starting Over Starting Now. \u00a0Call the <\/span><a href=\"http:\/\/www.irasmithinc.com\/contact_us.html\"><span style=\"font-weight: 400\">Ira Smith Team<\/span><\/a><span style=\"font-weight: 400\"> today so that we can begin helping you and get you back into a healthy, stress-free life.<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7355\" title=\"financial literacy books\" src=\"http:\/\/www.irasmithinc.com\/blog\/wp-content\/uploads\/2018\/12\/financial-literacy-books.png\" alt=\"financial literacy books\" width=\"1280\" height=\"720\" srcset=\"https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2018\/12\/financial-literacy-books.png 1280w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2018\/12\/financial-literacy-books-300x169.png 300w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2018\/12\/financial-literacy-books-768x432.png 768w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2018\/12\/financial-literacy-books-1024x576.png 1024w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2018\/12\/financial-literacy-books-500x281.png 500w, https:\/\/irasmithinc.com\/blog\/wp-content\/uploads\/2018\/12\/financial-literacy-books-1200x675-cropped.png 1200w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial literacy books: \u00a0Introduction The power of today&#8217;s technology enables one to discover ways to learn without needing to look very hard for it. The Internet has changed the ways we learn and in general, approach life. \u00a0To gain financial literacy, financial literacy books are now merely one of many ways we can use to [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[34,7,3300,2570,3303,2036,3287,3301,65,2035,863,3296,990,3302,3299,3293],"class_list":["post-7352","post","type-post","status-publish","format-standard","hentry","category-brandon-blog-post","tag-bankruptcy-trustee","tag-debt-settlement","tag-financial-acumen","tag-financial-advisor","tag-financial-knowledge","tag-financial-literacy","tag-financial-literacy-books","tag-financial-reading","tag-financial-restructuring","tag-financially-literate","tag-ira-smith-trustee","tag-jamie-mcintyre","tag-licensed-insolvency-trustee","tag-peer-advice-on-financial-decisions-a-case-of-the-blind-leading-the-blind","tag-sandro-ambuehl","tag-university-of-torontos-rotman-school"],"_links":{"self":[{"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/posts\/7352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/comments?post=7352"}],"version-history":[{"count":5,"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/posts\/7352\/revisions"}],"predecessor-version":[{"id":7363,"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/posts\/7352\/revisions\/7363"}],"wp:attachment":[{"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/media?parent=7352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/categories?post=7352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/irasmithinc.com\/blog\/wp-json\/wp\/v2\/tags?post=7352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}