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Financial Literacy can help prevent or minimize a personal financial meltdown
 Financial Literacy is Knowledge and Knowledge is Good.....
 
This is my theory. 
 
Raise the financial IQ of buying public and we all can make better buying decisions and hopefully avoid our own personally financial meltdown.  Here are my thoughts:
 
Last week I had the opportunity to volunteer for a Financial Literacy Fair held at a local college for the benefit of all local high schools that wanted to participate.  It is a new program fund entirely by local business and volunteers.  The goal is to raise the financial IQ by simulating real life.
 
Here was the process to enlighten the students:
1.      Select profession.
       a.       Based on GPA
       b.      More education the higher paying the profession
2.      Receive a credit score.
       a.       Everyone receives a low score (opportunity to
                 improve credit score comes later)
3.      Buy a car and insurance.
       a.       Up selling is the goal for volunteers.
4.      Purchase a home and homeowners insurance.
      a.       Up selling is the goal for volunteers
5.      Receive an unexpected expense.
      a.       For example an unexpected car repair
6.      Saving and Investments station
        a.     This is the most time consuming step and the 
               student finds out if they are saving ... more

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