This course is intended to enlighten you and serve as a high level guide to financial literacy. Be careful who you listen to in your Circle of Influence as it relates to all areas of your life- spiritual, relationships, health, mentality, and wealth. Seek advice from professionals in each area of your life that needs attention in order to become more balanced. People in your circle can influence the way you think, believe and act. They may sincerely have good intentions, as they lead you down the wrong road in life. They might make you feel that you can have a slice of cake for breakfast each morning, by calling it a muffin. One of the goals of this book is to provide you the literacy it takes to manage and control your money to get out of debt, by exercising good habits, which can lead to acquiring wealth. This begins with value driven goals in your life; start by knowing where you are and where you want to go. You can then craft a strategy to get you there. Knowing where you are financially will start by understanding depreciating assets versus appreciating assets, and also liabilities, as well as how to determine your current net worth.
Chapters
About This Course
Renewing Minds International believes that in order for a transformation to occur in any area of life, this transformation has to begin in the mind. Success in financial literacy is as simple as ABC.
The A is for Attitude: your beliefs about money and finance at this point in your life. The B is for Budget, which is essential to setting and attaining financial goals.
The C is for Credit: a key to establishing financial freedom and gaining wealth.
In this course we will explore attitudes, anchors, and belief systems regarding money, the benefits of budgeting, taking steps to control spending and avoid sabotage, and establishing, repairing, or protecting your credit to attain your financial goals.
B is for Budgeting
Budgeting allows you to take control of your financial life, avoid sabotage, and attain your goals.
“It’s not how much you earn, it’s what you do with it.”
We will highlight tips on how to establish initial credit, repair derogatory credit, or protect your good credit.
To establish credit, a lender may examine at least the following: bank accounts, employment history, and residence history.
Establishing a relationship with a bank will improve your chances in obtaining a loan or credit card through them. They will know you and value your business.
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