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February 4th, 2012Financial Illiteracy
Fundamentals of Corporate Finance, by Richard A. Brealey, Stewart C. Myers and Alan J. Marcus, has been applauded for its modern approach and interesting examples. Professors praise the authors’ well-organized and thoughtful writing style and their clear exposition of what many students consider difficult material. The authors accomplish this without sacrificing an up-to-date, technically correct treatment of core topic areas. Since this author team is known for their outstanding research, teaching efforts, and market-leading finance textbooks, it’s no surprise that they have created an innovative and market-driven revision that is more student friendly than ever. Every chapter has been reviewed and revised to reflect the current environment in corporate finance.
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February 2nd, 2012Financial Illiteracy
Now updated-the proven guide to taking control of your finances
The bestselling Personal Finance For Dummies has helped countless readers budget their funds successfully, rein in debt, and build a strong foundation for the future. Now, renowned financial counselor Eric Tyson combines his time-tested financial advice along with updates to his strategies that reflect changing market conditions, giving you a better-than-ever guide to taking an honest look at your current financial health and setting realistic goals for the future.
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February 1st, 2012Financial Illiteracy
Foundations of Finance enables students to see the big picture by letting them understand the logic that drives finance rather than having them memorize formulas. The book motivates the study of finance with a focus on five underlying principles.
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January 31st, 2012Financial Illiteracy
Finance is not evil. Capitalism is not a conspiracy. Ignorance of the role played by investment banks is fueling global anti-capitalist movements, and so it is crucial that everyone understands how banks help companies raise capital and help stock and bond markets run efficiently. "Finance: The Big Picture" is a brief and easy to read overview of the world of money explaining who the big players are, what they do, and why they do it. If you want to see how global markets fit together then this is the book for you.
This is a self-contained excerpt from a larger book called "A Financial Bestiary". The Bestiary contains more technical details, such as how to price derivatives and bonds. Readers do not need to refer to the Bestiary unless they have a professional interest in Finance or want to delve deeper.
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January 26th, 2012Financial Illiteracy
Focus on Personal Finance is a brief, 14-chapter book, covering the critical topics in Personal Finance courses. This 4-color, paperback text is designed and written to appeal to a range of ages, life situations, and levels of financial literacy. A unique
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September 26th, 2009Financial Illiteracy
Financial Illiteracy
Financial Illiteracy: If you lack proficiency in your personal financial management causes not only tremendous anxiety but you will incur serious problems.
Did your parents teach you good financial habits. Click Here
Review the Following on Financial Illiteracy:
1. It has been shown that less than 20% of our baby boomers are saving adequate for their retirement and that one-quarter of the adults between the ages of 35 and 54 have not even started to save for regtirement.
2. In American one out of every 2 marriages ends in divorce. Financial disagreements in a marriage is one of the leading causes of marital discord that leads to divorce. Worth magazine and Market Research firm of Roper/Starch conducted a survey and couples admitted to fighting about money more than anything else (more than 3 times more often than they fought about their sex lives). 57% of those surveyed agreed with the statement that in every marriage, money eventually became the most important concern.
3. American adults, less than 10%, understand 401 (k) well enough to explain it to someone else. American Adults cannot explain what a municipal bond is, fewer than one in four.
4. About 8% of investors know that there is not any agency or organization that can insure you against losing money as the result of fraud in your investment portfolio, according to another survey conducted by the Securities Investor Protection Corporation by the Securities Investor Protection Corporation and the Investor Protection Corporation and the Investor Protection Trust.
5. It has been estimated that nearly 80 percent of consumers do not know how the grace period on a credit card works. A greater percentage doesn’t of people don’t understand that interest starts accumulating immediately for new purchases on credit cards with outstanding debts.
6. About 53% of people who took a multiple choice investing quiz did not know that total return was the best measure of a mutual fund’s performance. Because a large percentage of American are just illiterate where their finances are considered.
It is very hopeful that the school systems will get on the band wagon to teach better financial responsibilities for the individual person. The most important thing that our school system could do today to help people with their finances is to open up the classroom to classes in finance. Few school are offering our children help with our finances.
In schools, the main problem with personal finance education is the lack ofFinancial Illiteracy
classes, not that kids already know the information or that the skills are toocomplex for children to understand.
Financial Illiteracy cannot be tolerated.
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