Chapter
Learning Financial Literacy Later in Life
54:25 - 58:24 (03:58)
The speaker discusses the possibility of learning financial literacy later in life, even if you struggled with it in your 20s and 30s. They also mentioned the importance of estate planning in regards to financial security for the future.
Clips
It is never too late to start learning about financial literacy.
54:25 - 56:18 (01:52)
Financial Literacy
Summary
It is never too late to start learning about financial literacy. Even in your late 40s and 50s, you can start saving 20 to 25 percent of your earnings, avoid unnecessary expenses, and invest wisely for a better future.
ChapterLearning Financial Literacy Later in Life
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The uncertainty surrounding life expectancy and technological advancements makes it difficult to plan for inheritance.
56:18 - 58:24 (02:06)
Estate Planning
Summary
The uncertainty surrounding life expectancy and technological advancements makes it difficult to plan for inheritance. Many opt to roll their assets into trusts to ensure their security, but the unpredictability of life remains a challenge.