What is Financial Literacy?

“Financial literacy is the education and understanding of various financial areas.” – Investopedia

This whole entire episode had provided be a space to think and reflect about my financial status and how I can do to improve it.

The few questions that I’ve constantly been asking myself are:

  1. Are my goals truly realistic?
  2. Have I achieve them?
  3. Will I be able to achieve them?
  4. Why do I feel so inpatient?

Lastly, why are these questions being asked over and over again?

Then I realised, that there wasn’t something truly concrete that I’ve drawn up with to be grounded by it… hence the manifestation of uncertainty.

This is my secondary investment plan that I hope to achieve 

Year Monthly Amount Yearly Amount Interest Growth in $ Total Amount
2017 1000 12000 5% 600 12600
2018 1000 24600 5% 1230 25830
2019 1000 37830 5% 1891.5 39721.5
2020 1000 51721.5 5% 2586.075 54307.575
2021 1000 66307.575 5% 3315.37875 69622.95375
2022 1000 81622.95375 5% 4081.147688 85704.10144
2023 1000 97704.10144 5% 4885.205072 102589.3065
2024 1000 114589.3065 5% 5729.465325 120318.7718
2025 1000 132318.7718 5% 6615.938592 138934.7104
2026 1000 150934.7104 5% 7546.735521 158481.4459
2027 1000 170481.4459 5% 8524.072297 179005.5182
2028 1000 191005.5182 5% 9550.275912 200555.7942
2029 1000 212555.7942 5% 10627.78971 223183.5839
2030 1000 235183.5839 5% 11759.17919 246942.7631
2031 1000 258942.7631 5% 12947.13815 271889.9012
2032 1000 283889.9012 5% 14194.49506 298084.3963
2033 1000 310084.3963 5% 15504.21981 325588.6161
2034 1000 337588.6161 5% 16879.4308 354468.0469
2035 1000 366468.0469 5% 18323.40234 384791.4492
2036 1000 396791.4492 5% 19839.57246 416631.0217
2037 1000 428631.0217 5% 21431.55108 450062.5728
2038 1000 462062.5728 5% 23103.12864 485165.7014
2039 1000 497165.7014 5% 24858.28507 522023.9865
2040 1000 534023.9865 5% 26701.19932 560,725.19

 

 

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