Carl started earning a paycheck and wants to invest some of what he earned. In this situation, why is it important for Carl to be financially literate?
he needs to know which investments are potentially risky to avoid making a poor decision.
Answer:
lacking financial knowledge can be frustrating and scary. It can also cost you money. There are many benefits to becoming financially literate. Financial literacy can:
reduce stress and frustration;
save you money;
save you time;
increase the return on your invested money;
help you make smart decisions;
help you earn more money;
reduce your risk of losing money;
help you make smart purchases;
help you reach your goals.
Explanation: