- India Kuwait News and updates


Importance of Financial Literacy among Teens

Sunny Alex Monday, September 13, 2021
Importance of Financial Literacy among Teens

Earlier we start learning about finance in life the better. There are many books and websites which help us learn more about finance. Rich Dad, Poor Dad, Make your child a money genius, Finance lesson children cannot afford to miss are some of them. Young Investors society is a website where we can register for free. There are some informative online courses like…Money boot camp, what is investing?, Seven golden rules for investing in this site. Wharton Global Investment competition is especially for high school students to learn more about investing and how to work as a team.TGCC is another global competition where students are given a case and asked to find a solution a week.

Financial Literacy will show us how to manage our money , save and invest it wisely. Wise investments will help us stay away from debt. It will help us have adequate savings to reach our goals in life. It has been proved that personal finance education program in later stage in our life has very limited effect.

The Six basic principles to build our wealth as soon as possible and not live a pay check to pay check life is:-

1)Make financial freedom your number one priority(save atleast 75% of your income)

2)Actively boost your income by side hustles like tutoring, informative channels etc.

3)Invest in assets which will give you back.(Real estate, stocks, compound interest).

4)Automate (Automatically pay off your credit card).

5)Clear understanding on where you are losing money.

6)Stay away from things you don’t need.

According to John W Rogers, an Investor...”Financial literacy is just as important in life as other basics”

Financial Literacy is very important because it will lead us to a stress free life.Freinds, we should be careful with our money. Either it saves us or it pulls us down.

📣 is now on Telegram. Click here to join our channel (@IIK_News) and stay updated with the latest headlines

Disclaimer:Statements and opinions expressed in the article are those of the authors and written by them; the author is solely responsible for the content in this article. does not hold any responsibility for them.
Read this article online at

Express your comment on this article

Submit your comments...
Disclaimer: The views expressed here are strictly personal and does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.

Community News

IMA Kuwait organizes Blood Donation Camp on 15 Oct 2121

Indian Muslim Association (IMA) Kuwait in co-ordination with the Ministry of Health (MOH) and Adan Hospital organized a “Blo...

Writers’ Forum Kuwait pays tribute to the Great Indian Leaders

Friday, 8th October 2021, was a day when the members of the Writers’ Forum Kuwait rejoiced and rejuvenated themselves after ...

Shreekara World Foundation (SWF) Kuwait  organized Beach Cleaning Q8 drive

Shreekara World Foundation (SWF), Kuwait had organized Beach Cleaning Q8 drive for a noble social cause of environment prote...

STECI Kuwait Parish Hosted Farewell

St. Thomas Evangelical Church of India, Kuwait parish gave a Farewell to Mrs & Mr. A. G Cherian & Mrs & Mr. Boney K. Abraham...

Seva Darshan launched Cover page design contest as part of “Sevamrutham 2022”

Seva Darshan Kuwait launched design contest for the cover image for its upcoming “Sevamrutham 2022” program. The contest ...

go top