[Seminar – 2] Financial Wellness

【讲座 – 第2期】财务健康

Date:12/06/2020

Speaker:John Zhang

Organizer:Yuyan Zhou

Key takeaways:

  • Financial wellness rest on 8 indicators: spend less than income/ pay bills on time/ have sufficient liquidity savings/ have sufficient long term savings/ have manageable debt/ have prime credit score/ have appropriate insurance/ plan ahead financially.
  • Less than 1/3 of population is in financial wellness category.
  • Money talk or financial education is not sufficient.
  • Steps to establish: know your current status/ prepare for the worst/ break goals into small steps/ improve financial knowledge/ create long term goal. (example: small stocks vs treasuries)
  • On factors we can control: spending/ saving/ borrowing/ planning.
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By Xi Su

CAPA-NoVA Volunteer

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