How Financial Literacy Affects Household Wealth Accumulation? | Titan Impact Group

Catherine Bell of Titan Impact Group argues financial literacy is an unfair advantage that drives wealth accumulation. She grew up poor, built a mastermind group to teach her twins about money, and credits financial knowledge with funding her nonprofit work placing adoptable children.
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Hey, everyone, it's Katherine with Titan Impact Group, and I'm here to talk about one of my most passionate subjects, which is how financial literacy affects household wealth accumulation. And this is a really important subject for me. This is so important for me that I actually created my own mastermind to teach my twins all about financial literacy before they left the nest. That's how important it is. I personally did not grow up in wealth. We were painfully dirt poor. And as time went on and I grew up, one of the things I became clear about was who I surrounded myself with. And one of the things I learned was actually from Jim Rohn. And he talks about how an education will make you a living, but self education will make you a fortune. And so what does that mean? That's the whole. Yes, there's traditional institutional education, you know, school, high school, college, university, all of that, and then there's self education. And it's in the self education that we have the ability to actually get ourselves educated with regards to financial literacy. And thank God for libraries. There's so many books and courses and mentors out there who are more than happy to actually teach that financial literacy is the unfair advantage, Meaning that when people choose to actually get themselves educated about how money actually works and how they can add commas to their bank accounts and invest commas, keep the commas, send their money out there, have it, come back with lots of friends, it literally changes the landscape of their future, of themselves, their immediate family, and then it could be for generations to come. And so, absolutely, financial literacy, it is, hands down, one of the most important things for all of us to learn. Yes, money doesn't make you happy. I got that. But at the end of the day, money is like oxygen. The more you have, the easier it is to breathe. And the more you have, the easier you can breathe, the bigger the difference you can make in the world. And I believe that's what you're here to do, is make a difference in the world. Me, I have a nonprofit that focuses on getting all of the adoptable children that are in the US Foster care system actually adopted. And we have a plan to make that happen. But that only happened because of financial literacy, which gave me the freedom to do what I needed to do so that I can actually be here to make the difference on the planet that I'm here to make. So with that, I'm Kathryn Bell, and we're the sentinels of the American dream, and we leave every person, property, and community better than we found them. I'd love to hear the difference you're making too. Please comment below.










