April is National Financial Literacy Month and America’s Wealth Coach, Deborah Owens, appeared on NewsOne Now to share a few financial fundamentals to help get you fiscally fit.
According to recent reports, Americans have amassed more than $2 million in consumer debt and 30 percent of consumers report having no cash savings. This startling statistic reveals that many Americans are living paycheck-to-paycheck and unable to grow wealth.
“It’s important for you to gain the financial fundamentals yourself so that you don’t get trapped up in this marketplace,” Owens said. “This marketplace is a capitalistic marketplace and it’s designed for organizations to make profit.”
She added, “You better have a plan or you’re going to be a part of somebody else’s plan.”
America’s Wealth Coach offered the following tips to help you be the master over your money:
- Reduce debt to get the best return on your money
- Leverage your employer-sponsored retirement plans
- Learn how to research stocks and mutual funds
- Evaluate your investments annually
- Increase your financial knowledge frequently
Watch NewsOne Now guest host Mo Ivory and financial guru Deborah Owens discuss the financial fundamentals that can help you become fiscally fit in the video clip above.
For more information and financial tips, visit www.DeborahOwens.com/NewsOneNow.
Subscribe to the “NewsOne Now” Audio Podcast on iTunes.