Community Renewal Team (CRT) 2023 Financial Literacy Institute

 

  Last evening we learned the difference between the Types of Investment & Investment Personality.  What measure do you undertake to ensure your investment is well protected?

  Last evening was our last night together as a group. We learned so much about the different types of insurances that are out there for our security protection against any potential losses.  What type of insurance while you the must and how did it get your attention and Why?  

   Last evening we learn a lot about taxes and the new tax law changes that are happening now and are about to come. In 1789, in a letter to Jean Baptiste Leroy, Benjamin Franklin wrote, “In this world nothing can be said to be certain, except death and taxes.” What new tax law did you learn?

  Last evening, we addressed preparing for retirement and building wealth. How prepared are you? What measures do you need to undertake to ensure a retirement safety net?  6 ways to save for your retirement: Focus on starting today. Contribute to your emergency fund. Reduce debt with Avalanche or Snowball Method. Rein in spending Set a goal/ Automate your savings!

  Last evening, we discussed ways to reduce debt using the Snowball method or the Avalanche method. As well as being aware of the Danger of Debt. Review your payment obligations and write about 1 – 3 bills that you plan to immediately reduce and the method you plan to use to do so.