Financial Literacy

Step 3 - Cash Flow Change your cash flow and change your life! To start this powerful transformation, it helps to understand how it works. Knowing how much cash you have on hand after you’ve met your monthly financial obligations is a good indicator of your financial strength. Negative cash flow may indicate that you’re spending more than you’re earning. Positive cash flow means you’re spending less than you earn and you have cash left over that can be used to pay down debt... faster or put toward your goals and dreams. It’s key to remember that when cash flow is strong and positive, you can use your money to your advantage. Here are some tips to get you there.

Welcome to WFG Financial Literacy! World Financial Group offers a leading financial services platform and experience to help pursue your financial goals. No matter your life story, our tailored approach to planning for retirement will meet you where you are and address your specific goals. And for entrepreneurial-minded individuals looking to grow wealth on their terms, our turnkey system and experienced leadership can help you build your own business through supporting the needs of others. We help make the dream of financial independence possible for all those in our communities across North America. #financialliteracywfg #financialeducation #finacialLiteracy #wfg #Entrepreneurs #fiancialindependence

STEP 2 - Emergency Fund. When your debt is under control, you can free up money for an emergency fund. This cash reserve can be a lifesaver if you were to have an unexpected financial setback like a job loss or major car repair. Unfortunately, Canadians or Americans are not taking this important step to financial independence. In a recent survey, nearly three in 10 (28%) Of American respondents indicated that they do not have an emergency fund.* A study north of the border f...ound that 49% of Canadians are not saving for an emergency.** Make sure you’re not putting your financial fitness at risk. An emergency fund can be the financial tool you need to protect your lifestyle and stay on track to reach your short- and long-term financial goals. The following tips may help you build and replenish one. * A growing percentage of American have no emergency savings whatsoever, Bankrate, July 1, 2019 ** Almost half of Canadians have no emergency funds, Which Mortgage, January 9, 2019 More financial knowledge, visit... https://agents.worldfinancialgroup.com//san-fran/karen-mai

Step 1 - Debt Management Eliminating debt, or just getting it under control, can transform your finances. Less debt means greater financial strength, so you can start saving toward an emergency fund or other financial goals. If debt management is one of your problem areas, and you’re in the U.S., then you’re not alone. On average, U.S. households carry revolving credit card balances of $9,333.* These are balances that carry from one month to the next. Up north, more than half... of Canadians (58%) pay their credit card balance, if full each month, avoiding credit card debt and interest payments.** The good news? There’s a way to clear up the financial blemishes that debt creates and have a better financial outlook. For simple tips and strategies, read on. * Average Credit Card Debt in America: March 2020, ValuePenguin, March 2020 ** Focus: Household Borrowing in Canada, Canadian Bankers Association, December 11, 2019 Looking to gain more financial knowledge, visit https://wfgconnects.com/financialliteracy