Financial risk refers to the possibility of losing a portion or the entirety of your money. Cindy Couyoumjian outlines the purpose of risk management in financial planning, which is to identify, assess, and mitigate risks that could impact an investor’s financial goals. This approach helps individuals and institutions navigate potential losses in investment capital, whether… Continue reading The Purpose of Risk Management in Financial Planning
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The Ripple Effect of Financial Illiteracy on Generational Wealth
Financial literacy is a cornerstone of economic stability and growth. Yet, a lack of understanding of basic financial principles is a widespread issue that affects millions of individuals and families. Financial illiteracy doesn’t merely impact the individual; its effects ripple through generations, perpetuating cycles of poverty and severely limiting opportunities for wealth building. Cindy Couyoumjian… Continue reading The Ripple Effect of Financial Illiteracy on Generational Wealth