Why Financial Literacy Matters Now More Than Ever

The earlier you learn the basics of how money works, the more confident and successful you will be with your finances later in life. The first step into the world of money starts with education. Banking, budgeting, saving, credit, debt, and investing are the pillars that support most of the financial decisions that you'll make in your life. Financial literacy includes understanding and applying certain financial principles and concepts, such as the time value of money, compound interest, managing debt, and financial planning. Possessing financial literacy is like having a roadmap that guides you through the complex landscape of personal finance, helping you make well-informed decisions.

One of the most frequently asked questions we hear at Arbitrage is, "I haven't been good about saving and investing. Is it too late to start?" Never! Regardless of your age or financial situation, the key is to start as soon as you can responsibly do so - keeping in mind both your financial goals and risk tolerance. While the best time to invest may have been in the past, the next best time to invest is today.

Another question we are frequently asked is, "I don't have a lot of money to invest. Can I start with a small amount?" Yes! Because of compounding returns, even a small amount invested can grow. Compounding return refers to the ability of assets to produce more gains over time simply by reinvesting your profits instead of cashing out. Investing now will allow you to take advantage of compounding returns sooner rather than later. Many older people think investing is too risky and saving cash is the way to go. But because cash doesn't keep up with inflation and with people living longer, investing is increasingly more important.

In an era where financial decisions are increasingly complex, cultivating financial literacy is more critical than ever. How can Arbitrage help? We offer free educational materials to teach you about the Forex market, as well as a free seminar each Sunday afternoon led by our founder and CEO, Royce Wells. At Arbitrage, our motto is "Stop watching; start living!" Our innovative subscription service combines our patent-pending trading system with cutting-edge AI to manage your investments. Powered by the risk tolerances and goals you choose, Pips (our unique trade assistant) can become your best friend by giving you the freedom to step away without giving up any of the control over your trades. We are not a broker or a brokerage firm; you are always in control of your account and your money! Whether you are just starting out or you have a matured investment portfolio, Arbitrage Trade Assist can help you create consistent Forex returns.

Financial literacy matters for a multitude of reasons - each of which significantly impacts individuals, families, and society as a whole. Join us on the next four Tuesdays during April as we celebrate National Financial Literacy Month by sharing financial educational materials with you!

The content in this article provides general consumer information. It is not legal advice, financial advice, or regulatory guidance.