#financial-literacy

#financial-literacy

The biggest misconception about accountants is that accounting is designed to detect fraud. An audit is not designed for that purpose, despite the capability to do so.

Almost every baby born in America would receive a $1,000 government investment account, aimed at providing financial opportunity for future generations.

But my friend's question was an excellent reminder of how easy it is to fall victim to investment scams, whether you're investing in your business or your nest egg.

I DJ'ed at the Crypto Ball for what, 30 minutes? Made a whole bunch of money, made a lot of relationships to help out the inner city and the community and teach financial literacy and crypto in a space that it don't exist.

The pilot program - described as the "money account for growth and advancement" or "MAGA account" - would give every baby born with a Social Security number $1,000.

In his work on the CFPB's website, he maintained pages that shared educational information about auto loans, bank loans, credit cards, credit reports, and credit scores, and debt.

Borrow from tomorrow to pay for today perpetuates personal and national debt, driven by a psychological bias favoring immediate gratification over long-term financial responsibility.

"Even if you find yourself in a situation where you didn't set aside any money [for taxes], and now you're going to owe, still file as quickly as possible."