ESE Financial Literacy School and partners are engaging the under served community by teaching how to create and store wealth, personal budgeting, stock market basics, entrepreneurship training, and capital market interaction. We work to demystify the world of finance and provide financial information that yields economic transformation.
Financial literacy is broadly defined as the ability to use knowledge and skills to manage ones financial resources. This definition essentially links the knowledge of finances with the practical application of such knowledge in a person's life. Another definition of financial literacy includes specific knowledge of the working of interest rates, inflation, and risk diversification. Although these may seem to be academic terms, they are very practical, every day concepts that individuals cannot afford to be ignorant of as they navigate through life. when we consider someone to be financially literate, we are considering them to be able to make sound decisions now and later in life, as their situation changes.
Financial literacy is one of the most important competencies to have. It effects almost every aspect of your life from stability, to where you live, to the lifestyle you can afford, to the opportunities your children may or may not be privileged to. By ignoring the principals of financial literacy when buying homes, obtaining credit cards, or saving for education or retirement; financially illiterate people are susceptible to making decisions that will cause a loss of utility throughout their lives and potentially the lives of their future offspring.
“And it may well be that we will have to repent in this generation not merely for the vitriolic words of the bad people and the violent actions of the bad people, but for the appalling silence and indifference of the good people who sit around and say wait on time. Somewhere we must come to see that social progress never rolls in on the wheels of inevitability. It comes through the tireless efforts and the persistent work of dedicated individuals. And without this hard work time itself becomes an ally of the primitive forces of social stagnation. And so we must help time, and we must realize that the time is always ripe to do right.”
"True compassion is more than flinging a coin to a beggar; it is not haphazard and superficial. It comes to see that an edifice which produces beggars needs restructuring."
“A host of positive psychological changes inevitably will result from widespread economic security. The dignity of the individual will flourish when the decisions concerning his life are in his own hands, when he has the assurance that his income is stable and certain, and when he knows that he has the means to seek self-improvement. Personal conflicts between husband, wife, and children will diminish when the unjust measurement of human worth on a scale of dollars is eliminated.”