How to Attain Financial Enlightenment
Enlightenment can be defined as having advanced information or knowledge that results in a better understanding about a topic. It also refers to dispelling confusion and achieving clarity and certainty.
Enlightenment is the result of being well educated or acquiring advanced knowledge in a field or topic, and thus having a clear understanding thereof as well as the confidence to make good decisions.
A person can be enlightened in many ways, emotionally, spiritually, and financially.
Financial Enlightenment
Financial enlightenment, then, can by extension be defined as having advanced information and knowledge about financial matters, which results in a clear understanding of finances – and confidence to make financial decisions.
How financially enlightened are you? Does financial jargon make you feel uncomfortable? How would you rate your financial confidence level? Do you make good financial decisions?
In reality, most people don’t feel enlightened when it comes to their finances. In fact, the opposite is true. Many people feel confused, uncertain and scared about their finances, and are unaware of what is happening in their financial lives or what options they have. This results in low financial confidence, which means that many people don’t feel in control or confident when making financial decisions.
One of the key reasons for this is the low levels of financial literacy in South Africa. Essentially, financial literacy means having the information and knowledge to make sound financial decisions and to avoid common financial pitfalls – which results in financial enlightenment and confidence in your abilities to your personal finances.
How to become financially enlightened
Seek knowledge
Information and knowledge are key to enlightenment – your Interface financial coach can provide all the information you need about everything from budgeting, banking, savings and insurance to buying a home, saving for your kids’ education or building a secure retirement fund.
Learn More
Education is also crucial – you can start educating yourself today by reading the monthly communications, watching our short videos, and reading our financial tips and articles.
Act
Build your financial confidence by doing, practicing and learning: as Dale Carnegie advised: “Inaction breeds doubt and fear. Action breeds confidence and courage.”
October Challenge
You can take action right now – take up our challenge to build your financial confidence level by becoming enlightened about savings!
Ask yourself:
- Am I enlightened when it comes to savings and investment vehicles?
- What am I saving for?
- What do I need to start saving for?
- How much am I saving monthly? Is it enough?
- Where am I saving my money?
- Have I chosen the right savings vehicle?
Simply contact your Interface financial coach here for amazing support on your way to attaining financial enlightenment.