Another important aspect of financial literacy is budgeting. This involves creating a budget that tracks income and expenses, and allows individuals to allocate funds according to their priorities. Budgeting helps to prevent overspending and ensures that financial resources are used in a way that aligns with personal goals.
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"Rich Dad Poor Dad" is a personal finance book written by Robert Kiyosaki that challenges traditional beliefs about money and investing. The author draws on his experiences growing up with two father figures, one of whom was financially successful, and the other who was not. He teaches readers about the importance of financial education, asset-building, and the differences between assets and liabilities. Kiyosaki shares practical lessons and advice on managing debt, building wealth, and developing financial intelligence.
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