Latest news with #financialliteracy
Zawya
8 hours ago
- Business
- Zawya
Gulf Bank partners with Basta to promote financial literacy among youth through 'Banker for the Day' program
As part of its ongoing commitment to community development and promoting financial literacy among younger generations, Gulf Bank has collaborated with Basta, a non-profit organization, to launch the 'Banker for the Day' program. Aimed at children and youth aged 10 and above, the initiative offers an engaging and interactive opportunity to explore how banks operate from the inside. This innovative program is a milestone in the field of financial education, offering participants a rich, three-hour experience that combines learning and fun. It provides young attendees with an in-depth look into the world of banking, while emphasizing the importance of making smart financial decisions from an early age. Program activities include guided tours inside the Bank's various departments, where participants are introduced to the daily operations of different roles. They are invited to step into the shoes of employees such as tellers, call center agents, and customer service representatives – experiencing real-world tasks in a simulated environment. The program also features hands-on exercises, educational games, and financial-themed competitions designed to introduce basic concepts like saving, budgeting, and financial planning. To keep participants motivated, the program features giveaways and rewards designed to spark enthusiasm and encourage teamwork. Gulf Bank's team highlighted that the initiative provides young people with a valuable opportunity to explore the banking industry firsthand, while building essential life skills like communication, critical thinking, and problem-solving — key foundations for shaping future leaders. Organizers emphasized that children are warmly welcomed and supported by Gulf Bank staff throughout the session, receiving clear and practical guidance to help them make the most of the experience. The result is an engaging and meaningful introduction to financial literacy. The 'Banker for the Day' program reflects Gulf Bank's strong commitment to community engagement and empowering the next generation. By equipping young individuals with knowledge and confidence, the Bank continues to play a vital role in fostering Kuwait's intellectual and economic development.
Yahoo
a day ago
- Business
- Yahoo
A self-made millionaire explains how to make money in an 'exponential way': Use one-to-infinity leverage
Rose Han paid off six figures in debt before building a seven-figure net worth. Her income escalated when she built a business that tapped into 'one-to-infinity' leverage. Anyone can use this strategy. It starts with asking yourself: What value can I provide? Rose Han, like many, learned to earn money linearly — hour by hour, paycheck by paycheck. For years, she traded her time for money in her corporate job. She made good money, enough to start tackling her six-figure student loan debt and invest in the stock market. But it wasn't until she tapped into the idea of "leveraged income" that her income soared and pushed her net worth over the seven-figure mark. "That's a completely different mentality that we don't learn in school," Han, who runs a financial literacy company, told Business Insider, but it's a powerful one. "Leverage is the explanation behind any significant wealth creation, no matter who you look at." Different levels of leverage and why you want 'one-to-infinity' To break down the concept of leveraged income, Han uses the example of a fitness trainer. She explained that if they're working one-on-one with a client, there's no leverage: "You show up, trade hours for dollars, and you get paid." But if they start a group fitness class and can train multiple clients at once, that's what she calls "one-to-many leverage," and their earnings go up without having to work more hours. "Now they're serving 10 people at once and therefore making about 10 times more." The final level, "one-to-infinity leverage," can create life-changing wealth. This is when the trainer builds an app with weekly workouts and a meal plan feature, for example. "They could create that app once, and millions of people around the world can subscribe," said Han. "That concept really was the key that I unlocked." She didn't get to one-to-infinity leverage overnight. Her business began in the basement of a coworking space, where she hosted free personal finance classes based on her own experience paying down debt and using index funds to grow her net worth. "I was just learning a lot on my financial awakening journey, so I wanted to share it," she said. "In the back of my mind, I thought, 'OK, maybe there's some way I could make this lucrative,' but that's not the goal." She hosted free classes for nearly two years, until she gained the confidence to start charging. Then, instead of keeping the class within the coworking space, she decided to move to YouTube, where her reach would be far greater. "The idea that a video could reach millions of people, 24/7, for the rest of my life and even after, that was really just wild to me," said Han. "I was skeptical because I'd never gone on camera. It was scary. But, after about a year and a half of doing these free meetups, I got the courage to press record and post my first video." Her YouTube channel, which has nearly one million subscribers, has evolved into a financial education company that earns money through online courses, brand deals, affiliate links, and book sales. She launched her first online course in 2020. It brought in $160,000 "in a matter of days," she said. "I made in seven days what used to take me an entire year to make. Granted, I worked a lot to create that course, and it didn't just happen in seven days, but I created something once that I could sell over and over and over and serve a lot of people. I created a lot of value with something, and so I got paid in that exponential way." How to apply the one-to-infinity mindset To use the one-to-infinity model and earn exponentially, start by asking: What value can I provide? "I fully believe that the more value you provide, the more you can earn," said Han. "And, if you think creatively enough, there's no limit to how much value you can provide and therefore how much money you can earn." The big holdup for her was confidence, and convincing herself that she was providing something valuable enough to get paid for. "I think this is the challenge for most people. They think, 'Oh, I should make more money. I need to ask for a raise and get a higher-paying career.' But their first obstacle is thinking, 'Who am I to do that? I don't have the skills. I don't have anything of value to provide.' That sort of mindset of, 'I'm not capable.'" Han overcame that mindset by taking action — by hosting the free meet-ups and getting real-world feedback that her money lessons were helping people. "Know that you have the ability within you to create a lot of value for the world and therefore generate a lot of money that's like within your control," she said. "You just have to find the confidence." Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
a day ago
- Business
- Forbes
Why Business Financial Literacy Is The Secret To Making More Money
Notebook with marks about financial literacy. Chances are you started your business to create freedom, impact, and wealth. But here's what many entrepreneurs learn too late in the game: if you don't understand your numbers, your business will never reach its full earnings potential. Your business is a financial asset that can make you a lot of money, so you want to know business financial literacy. Business financial literacy isn't about becoming an accountant or spending hours buried in spreadsheets. It's about knowing where your money comes from, where it's going, and how much is left as profit. Business financial literacy helps you make smarter, more profitable business decisions. When you understand what your numbers are telling you, you can confidently manage your business through profitable pricing, expense management, sales, and knowing that you don't have a constant fear of running out of cash. What Is Business Financial Literacy? Business financial literacy skills help you understand and manage the financial health of your business. It's knowing how to read your profit and loss statement, track cash flow, create and follow a monthly budget, and use your financial data to help you make smarter and more profitable business decisions. It's learning the language of money that helps you spot opportunities and make decisions that directly lead to more profit. A common misconception is that financial literacy is only important to accountants and financial people. Many small business owners also think that they can put off financial management or figure it out later after they grow their business or make more money, but financial literacy skills will help you get there faster. Without this skill, you are guessing at prices, unaware of hidden costs, and risking the stability of your business. When you have business financial literacy skills, you're in control of your business. You can confidently plan, grow, and pay yourself what you deserve. Why Business Financial Literacy Is The Secret To Making More Money Financial Illiteracy Is Expensive Not understanding your business numbers can leave you making decisions based on gut feelings over data and facts, and that is risky. You could be undercharging your offer and losing money, or you could hire too quickly with the assumption that your revenue is growing, only to face a cash shortage shortly down the road. The biggest threat to a business is running out of cash. This can happen even when sales are strong, because revenue does not equal cash flow. You need to have a handle on your numbers to understand your cash flow. The hidden cost of financial avoidance can add up fast. Without financial clarity you might overspend on items that don't give you a return on your investment. Guesswork doesn't cut it in business and every financial misstep caused by financial uncertainty chips away at your profit and confidence. The Connection Between Confidence and Cash Flow Financial confidence comes with financial clarity. When you know your numbers, you are no longer guessing in your business. You make informed decisions that lead to profit. You make decisions based on financial data. Financial literacy empowers you to expand your product line, launch into new markets, negotiate better deals, secure funding, and so much more. When you understand your profit margins and cash flow, you can confidently invest in the growth of your business. How to Improve Your Financial Literacy (Without Overwhelm) Improving your financial literacy doesn't have to feel overwhelming. You can start with a few simple habits and tools, you can build the knowledge and confidence needed to make smarter, more profitable decisions. Here are four practical ways to begin: Focus on your profit, cash flow, and sales targets. These three numbers give you a clear picture of your business's financial health and help you make smarter, more profitable decisions. Review your financial statements, even if it's just your profit and loss (P&L) statement. Regularly checking your numbers will help you identify trends, spot problem areas early, and plan for growth. If you're unsure how to interpret your numbers or set financial goals, a fractional CFO or coach can help you create a strategy to increase profit and stability. There is financial software that can automate tracking, send alerts, and provide actionable insights so you always know where your business stands financially. The bottom line is that financial literacy is one of the most powerful business skills you can have as a business owner. When you understand your numbers you gain financial clarity, confidence, and control over your financial future. Start with small steps, stay consistent, and remember that every number you track brings you closer to building your wealth and financial freedom.
Yahoo
3 days ago
- Business
- Yahoo
Momentum Advisors Launches National Scholarship to Champion Future Financial Leaders
Allan Boomer SOMERSET, N.J., July 18, 2025 (GLOBE NEWSWIRE) -- Momentum Advisors, a respected fiduciary wealth management firm known for its principled approach and dedication to transparency, proudly unveils the Momentum Advisors Future Leaders in Finance Scholarship — a national initiative designed to uplift and invest in undergraduate students aspiring to shape the future of the financial industry. This new scholarship reflects Momentum Advisors's mission to advance financial literacy, increase industry accessibility, and support the next generation of ethical and innovative finance professionals. Spearheaded by partners Allan Boomer, Will Platt, and Kyle Pitts, the program draws from the firm's commitment to mentorship and long-term value creation. "We understand that talent exists everywhere, but opportunity does not," said Allan Boomer, Managing Partner at Momentum Advisors. "This scholarship is our way of leveling the playing field and equipping driven students with the resources and encouragement they need to become impactful leaders in finance." The Momentum Advisors Future Leaders in Finance Scholarship is open to undergraduate students across the United States who meet the following eligibility requirements: Enrollment: Currently pursuing a degree in finance, economics, business, or a related field at an accredited U.S. college or university. Career Goals: Display a strong interest in a career in financial services or investment management. Academic Merit & Leadership: Demonstrate strong academic performance and leadership qualities, either on campus or in their communities. Essay Component: Submit a thoughtful essay detailing their goals, personal motivations, and how they intend to make a meaningful difference in the financial sector. With this scholarship, Momentum Advisors aims to break down barriers for high-achieving students — especially those from underrepresented backgrounds — and cultivate a more diverse, informed, and socially conscious financial community. "At Momentum Advisors, we've always prioritized connection, community, and purpose in our client relationships," said Will Platt, Partner. "It's incredibly rewarding to now extend that same ethos to mentoring and supporting young professionals who align with our values." Kyle Pitts, also a Partner at the firm, added: "This scholarship mirrors the core of what we do — blending thoughtful planning with real-world impact. We want recipients to not only succeed professionally, but to lead ethically in an evolving financial landscape." Applicants are encouraged to bring their authentic voice and vision to the essay portion of the application. This opportunity offers more than financial support — it's an invitation to join a broader network of changemakers committed to excellence and accountability in finance. Applications are now open and can be submitted through the official website. Submission deadlines and additional information are available on the scholarship portal. To apply or learn more, visit: Contact Information: Media Relations: On Behalf of Momentum Advisors Scholarship Program: Momentum Advisors Future Leaders in Finance Scholarship Website: Email: apply@ A photo accompanying this announcement is available at in to access your portfolio
Arabian Business
4 days ago
- Business
- Arabian Business
Dubai expands financial literacy drive to 75,000 students with young investor program
Dubai is educating students in the importance of financial literacy and monetary principles such as budgeting and saving. In a major step towards creating a financially savvy generation, the Knowledge Fund Establishment (KFE), in collaboration with National Bonds Corporation (NBC), has launched a new phase of the Young Investor Program—an initiative aimed at enhancing financial literacy among school students in Dubai. The latest rollout will reach more than 75,000 students across 50 private schools, marking a significant expansion of the pioneering programme. Young investors in Dubai The initiative, the first of its kind in the region, introduces young learners to core financial principles such as saving, budgeting, and long-term planning through interactive and engaging content tailored to school curricula. Aligned with the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to build a knowledge-based economy, the Young Investor Program supports both Dubai's Education Strategy 2033 and the Dubai Social Agenda 33. The initiative reflects the city's broader ambition to become a global hub for education, innovation, and sustainable development. Abdulla Mohammed Al Awar, CEO of the Knowledge Fund Establishment, said: 'The Young Investor Program reflects our strategic focus on advancing quality education and supporting initiatives that equip students with essential life skills, particularly in financial literacy. 'We believe that investing in our children's education is an investment in Dubai's future, and we take pride in the leading role KFE plays in fostering innovative partnerships between the public and private sectors to realise this vision.' Mohammed Qasim Al Ali, Group Chief Executive Officer of National Bonds Corporation, said: 'We are proud of our partnership with KFE in implementing this unique programme, which reflects our commitment to building a financially aware generation capable of making informed decisions. 'Early financial education is fundamental to creating a stable and prosperous economy over time. Given the rapid pace of technological advancement in students' lives, we believe it is essential to equip them with the financial skills they need both during their education and in their future careers, so they are well prepared for a world that requires awareness, adaptability and smart decision-making.' With this expansion, KFE continues to lead efforts in integrating financial literacy into education, reinforcing the UAE's commitment to nurturing future-ready talent and supporting long-term economic stability through youth empowerment.
