“Financial literacy is a core competency that is often untaught and overlooked.” – Paul Gigliotti | COO & Executive Board Member | Axis Lending Academy
Financial literacy is a core competency for young individuals that is often untaught and overlooked. Many of us take financial literacy for granted because our parents owned homes and naturally passed down the values of homeownership to us.
Those values are the experiences of earning, saving and caring for a home. Financial literacy, as a precursor to homeownership, is a learning opportunity that can be provided through mentorship. For those who understand the values of homeownership, it’s important to consider that others may not have the same instinct or emotion involved. Financial literacy is often a subject that gets disregarded educationally, even at the collegiate level.
Mix this fact with consumerism being the dominant message received at ever-increasing younger ages by all forms of media, television and influencers. Just look at the overwhelming credit card and student loan debt that is currently a huge barrier to homeownership. It’s insane! I say, if you have competent financial literacy, this means you have good advice that must be shared.
Paying it forward by not automatically assuming others have the tools and by offering education and mentorship to help empower others to make sound choices is what the value of financial literacy means to me.
The above content was part of a financial literacy newsletter, FinTalk by Finlocker, featuring Mortgage Industry leaders and their insights. Our founder, Paul Gigliotti, was proud to be one of the featured voices.
