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The 5 Levels of Financial Literacy
In the following blog post, I made a financial literacy matrix based on my perspective of financial literacy competences. The objective of the matrix is to better give people an overview on what’s out there and how to navigate an increasingly complex investing environment. It’s definitely not complete and people should be aware that you need to invest in your knowledge and mindset to acquire the core competences.
The Origin of “A Fool And His Money Are Soon Parted”
This phrase is at least 460 years old. It was used by a poet named Thomas Tusser in a poem he wrote called Five Hundred Points of Good Husbandry, in the year 1557. While the wording is a bit different, the expression is still similar enough to the one that’s used today:
“A fool and his money be soon at debate: which after with sorrow repents him too late.”
Forex myths that you definitely shouldn’t believe
Forex or currency trading has gained much popularity around the world in recent years. The trading volume has gone up from 5 Trillion to more than 6 trillion each day. 95% of the currency trading is done by the big financial institutions.
How to Earn Money on a Plane?
During my next business travel, I wanted to execute what I learned and test if I could earn money during my travel. Past week I travelled to New York city (7 hours flight) which was a perfect opportunity for my tryout.
