5 Common Millenial Money Mistakes Explained SugarMamma.TV
Hi everyone, so recently there was a really interesting survey conducted and they wanted to work out amongst the general public what was the level of financial knowledge and understanding around people in the way that they manage their money make financial decisions and also understand basic financial products. Now the results were really disturbing and almost like flagged a potential danger. They found out that almost 80% of people have little to or no basic understanding of simple financial concepts. They didn’t understand the difference between secured and non secured debt, they didn’t understand the difference between simple and compounding interests, really basic things. So instead of focusing on all the doom and gloom that comes from this whole is gap in financial literacy, I want to focus on solutions, I want to empower you guys, educate you you guys so that when it comes to making decisions around the way that you choose to use money, spend money, make money and earn passiv...