Financial Literacy & Personal Finance - Financial literacy is crucial for thriving, while degrees only help in survival [1][22] - Many educated individuals are financially struggling due to a lack of financial wisdom [4] - The presenter, a chartered accountant, experienced financial difficulties despite their education [6] - The "BUILD" framework is introduced to help individuals move from survival to abundance [8] The BUILD Framework - **B**reaking Limiting Beliefs: Overcoming mindset barriers about wealth building [9][10][11] - **U**nderstanding Your Current Financial Position: Tracking income, savings, spending, and net worth for clarity [11][12] - **I**ncreasing Income Intentionally: Focusing on strategic changes rather than just job hopping for small salary increases (10-20%) [13][14] - **L**earning to Multiply Income: Investing instead of just saving, and collaborating instead of competing [15][16][17][18] - **D**esigning a Wealth Legacy: Passing on financial wisdom, self-awareness, and values, not just property [18][19] Investment & Wealth Building - Investing, even with small amounts like 2,000 per month, can outperform higher salaries if managed well [17] - Creating multiple income streams is essential, utilizing skills and knowledge to generate additional revenue [14][15] - Job security is an illusion; skill set security is the real wealth [15]

If you don't want to be like everyone else, then you have to avoid the number one wealth killer that nobody talks about. Take a look at this chart. It shows how the average person spends their money each month.And believe it or not, one of these categories is quietly killing your chances of building wealth. So, let's uncover it together. First up, housing.This is the biggest slice of the pie. So, it's definitely the wealth killer, right. Well, although paying rent or a mortgage is expensive, at least it pro ...

Schwab Center for Financial Research managing director of financial planning, Rob Williams, joins Mind Your Money with Brad Smith to share some tax-efficient strategies to maximize your retirement savings. To watch more expert insights and analysis on the latest market action, check out more Mind Your Money here: https://finance.yahoo.com/videos/series/mind-your-money/ #youtube #stocks #retirement About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resou ...