TBT: Why Financial Literacy Is So Important

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Business:investing, Education, Entrepreneurship, How To, Investing, Business

4.8 • 953 Ratings

🗓️ 17 April 2025

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Too many people are drowning in debt, living paycheck to paycheck, and making major life decisions without a solid understanding of money. And it’s not their fault — most schools don’t teach personal finance, and many parents were never taught either. Starting out, starting over, or setting an example — it all begins with making informed choices, understanding your money, and building a future you can count on. Building wealth doesn’t require luck — it requires financial literacy, intentional action, and assets that work for you, like real estate and passive income streams. Click Here for the Show Notes If you missed our last episode, be sure to listen to The Real Estate Investor’s Wake-up Call: Why Waiting is Costing You Millions Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW (Thank you!) SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Transcript

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0:00.0	Welcome to passive real estate investing, the show where busy people like you learn how to build
0:05.7	substantial passive income while creating wealth for the long term. And now, here's your host, Marco
0:11.7	Santorelli. Hello, my friends. Welcome back to passive real estate investing, where we dive into the
0:18.4	world of real estate investing, among other related topics, to help you with your real estate investing journey.
0:23.9	Today, we're doing something a little different. We're going to take a trip down memory lane and showcase an important
0:30.2	episode from the past on what we call our throwback Thursday episode. Now, whether you've been with us
0:36.4	since the beginning, which goes back to 2015,
0:39.3	or you're tuning in for the first time, this episode is a must listen. We are revisiting one of our
0:45.9	more popular episodes from the past. And believe me, what we discussed back then, whether
0:51.1	it's six months ago or six years ago, is just as relevant today.
0:55.6	So sit back, relax, and let's rewind the clock for this great episode. Enjoy.
1:02.0	You know, I love this quote from James W. Frick, he said, don't tell me where your priorities are.
1:08.0	Show me where you spend your money, and I'll tell you where they are.
1:12.2	So today we're going to talk about financial literacy and why financial literacy is so important.
1:18.7	So first of all, what is financial literacy? Well, financial literacy is the education and
1:26.5	understanding of various financial areas, including things
1:30.1	such as managing your personal finances, money, borrowing, and very importantly, something I talk
1:37.5	about all the time, investing. But in the United States, in America, we spend literally billions of dollars helping our children master reading, writing, and arithmetic.
1:49.6	And then we send them out into the world lacking the basic skills to prosper in life, things such as understanding personal finance and economics.
1:58.7	Did you know that in the U.S. more than one in six students do not reach
2:04.2	the baseline level of proficiency in financial literacy? And that nearly a quarter of all
2:11.5	millennials spend more than they earn, which is unbelievable to me. And 67% of Generation Y have less than three months worth of emergency funds.
	...

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