Connect with us

Hi, what are you looking for?

Business

Here’s How to Build Financial Literacy

Is one of your New Year’s resolutions to improve your financial literacy? If so, we have the interview for you! Majd Maksad is an entrepreneur-in-residence at Altpoint Capital and the founder and CEO of Status Money, an Altpoint portfolio company. This app that Maksad invented combines the two worlds of social media and money. Maksad describes the app as a social app for personal finance. It supplies regular, everyday people with benchmarks and all the tools they need to be their own financial managers. 

The importance of financial literacy

Understanding topics such as mortgages or interest rates is the foundation of financial literacy. Most people have little to no understanding of how money works. Things like how to save money or how to pay a credit card bill are some of the biggest misunderstandings people have. Status Money breaks down each and every aspect of financial literacy. You no longer have to feel ashamed about not knowing certain things about money management. 

More about the app

It’s quite taboo for someone to ask their friends, family members or even their neighbors how much they make in a year or how much their mortgage is. With Status Money, you can ask these kinds of questions to strangers without revealing your identity. Most of the time, you can even find someone who compares to you financially and see where you stand compared to someone else.

How you can take charge of your finances 

It is never too late for you to take control of your finances. You no longer have to worry about the manners of “financial talk.” Take the first step in really understanding how your money works. 

For more videos on money management, check out this video! 

17 hours ago
Texas has been giving California and New York a run for their money. But the recent power grid failure is a canary in the coal mine for its long-term issues.
@grassoroots

https://t.co/zV1oEPM5Pz https://t.co/icQVkgsJnK
18 hours ago
AI And Healthcare: What Is The Greater Impact? https://t.co/nbZjDIsP4v via @YouTube
20 hours ago
What Is Artificial Intelligence? Let's Break It Down For You. https://t.co/NzRjqg5lVY via @YouTube
21 hours ago
If you don’t know what’s going on in the world, here’s a little rundown✅ https://t.co/bIWADxPYkW
2 days ago
Black Entrepreneurs Are Underfunded – Here’s How to Help - https://t.co/qm20hHb01E

You May Also Like

Business

Have you ever heard that Denmark is the happiest nation in the world? In this segment on happiness, we hear from our guest host...

Bold TV

Welcome back to Bold TV! Join our hosts, David Grasso and Julia Sun, and watch live at 12PMEST on Facebook and Twitter. *Update: Watch...

Opinion

I am a Robinhood user. I downloaded it to enter the world of investing. Some of my friends from college recommended it because it...

Business

Zillow’s recent site updates caused a glitch that removed reviews and sales from realtor profiles nationwide, possibly taking away credibility and the prospect of...

Copyright © 2021 Bold TV