All posts by ECVtalks

How Financially Literate are you?

April 1st marks the beginning of Financial Literacy Month in the United States. Many countries around the world have months dedicated to increasing financial literacy. Tell us in the comments of on social media when this month is in your part of that world.

Why the big push for financial literacy (whatever that means; don’t worry we’ll explain it on the next paragraph)? Well because billions of people around the world, YES Billions with a B, are not financially literate and it’s a contributing factor to poverty and economic inequities. Many countries claim to want to fix this and have gotten behind these once a year movements to do something. And no the self-proclaimed best country in the world is not doing better than everyone else when it comes to having financially literate citizens…

The reality is that many people who live in the US are not financially literate or put another way they don’t fully understand the language of money. That lack of understanding is what leads to having a financial mess on your hands. Let’s be clear though – IT’S NOT THEIR FAULT!

Nowhere in the education system in this country is financial literacy CONSISTENTLY taught. That one glaring absence leads to almost half of the population not knowing things that are key to keeping your bank accounts and overall finances in the black.

https://howmoneyworks.com/marieedwards/challenge

Think we’re kidding? Take the quiz on the website above and then post your score in the comments below if you’re brave. Are you financially literate?

If you get a score that you feel is too low to post, here’s how you change it. Register for this free course happening TONIGHT at 8 PM EST and increase your financial literacy in record time!

How to Select Fresh and Ripe Fruit

Selecting ripe fruit is easy if you know what to look for. These tips will help you select ripe fruit that is ready to be taken home and eaten.

🍇Grapes

If white grapes are ripe they will have a yellow tint to them. Red grapes will have a deep color and every grape will be about the same shade. While still in the store shake the grape stalk. If more than a grape or two fall off they are overripe and will not taste as good.

Kiwi

The skin of the kiwi should be free from bruises. Softly press on the kiwi and if it gives slightly it is ripe. If you are able to push into this fruit and it has a mushy feel then it is no longer good.

Apples

To select a ripe apple look at the skin of the apple. It should be free from bruises and nicks. Apples with a lot of green, besides the Granny Smith apples, are not ripe. The apple should be firm to the touch as well. It should not feel hard but it should not have a mushy texture either.

Oranges

There is an easy way to tell if an orange is ripe. Run your hands around the fruit. It should have a plump feel to it. The surface of the orange will be smooth. It should also feel heavy when held. If the orange passes the above testing then give it a light squeeze. The fingers should be able to bounce back without a problem. The orange should have an oval shape. It if is too round then the orange is under ripe and will have a bitter taste.

Tangerine

To tell if this fruit is ripe look at the color. If there is some green on the fruit that means that it is not ripe. Give the tangerine a light squeeze. Like the orange, if the fruit is ripe, it will bounce back and will not be mushy. The tangerine should also have a bit of a heavy feeling to it as well.

Strawberries

To find the best strawberries; they should be plump, have a deep red color, and be shiny. The cap should be securely attached. The berries should be medium sized since they will contain less water than larger berries. Avoid berries that are green or have a pale color to them.

Blackberries

These berries will not be glossy and will have a little bit of a dull look when they are ripe. The best time for blackberries is the midsummer. The berries should be plump and dark.

Blueberries

Blueberries are at their best from June to August. When purchasing these berries they should be blue in color and should not even have a tint of red to them. The berries will have a bit of a silver look that is shimmery. That means they are ready and at their peak. These berries will not continue to ripen once they are picked so it is important to select carefully when purchasing them.

Plum

When looking for a ripe plum it should be heavy, but it should not be too soft. If the plum is very soft it is overripe. When squeezing the plum it should have a little bit of a give to it and not be mushy. The plum should also have a deep color.

Cherries

Cherries will have a deep, almost black, color when they are ripe. The cherry should be firm to the touch. It will also be juicy when bitten into. The stem should be firmly attached to the cherry but it should twist off without a problem.

Avocado

Avocados have become very popular over the past couple of years. They are full of healthy fatty acids that are good for the body. When purchasing a ripe avocado there are some things to look for. The avocado should have a very deep color, almost black. If it is green then it is not ready. The avocado should yield to some gentle pressure when squeezed. If it is too soft or too firm then it is not ready to eat.

These are some ways to tell if these popular fruits are ripe and ready to eat. By giving these fruits these simple tests it will help you, as a consumer, determine that you are getting the best tasting fruit.

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Article Source: https://EzineArticles.com/expert/Bob_Tom/2362899



Article Source: http://EzineArticles.com/9979429

3 Ways to Teach Your Children how to Save $

A study discovered that most children have established their money habits by age 7.¹

Before they might know what a 401(k) or mortgage even are, their financial future is already starting to take shape. It’s never too early to teach your kids the wisdom of budgeting, limiting their spending, and paying themselves first. So the sooner you can instill those lessons, the deeper they’ll sink in!

Fortunately, teaching your kids about saving is quite simple. Here are two common-sense strategies that can help you instill financial wisdom in your children from the moment they can tell a dollar from a dime!

Give your child an allowance
The easiest way for your child to learn how money works is actually for them to have money. If it’s within your budget, set up a system for your child to earn an allowance. The more closely it relates to their work, the better. Set up a list of family chores that are mandatory, and then come up with some jobs and projects around the house that pay different amounts.

What does this have to do with saving? The simple fact is that spending money you receive as a gift can feel totally different than spending money that you earn. Teaching your children the connection between work and money instills a sense of the value of their time and that spending isn’t something to be taken lightly!

Teach your child how to budget
Budgeting is one of the most essential life skills your child will ever learn. And there’s no better time for them to start learning the difference between saving and spending than now! The same study that revealed children solidify their spending habits at age 7 also suggested they can grasp basic financial concepts by age 3!

So when your kid earns that first 5 dollar bill for working in the yard, help them figure out what to do with it! Encourage them to set aside a portion of what they earn in a place where it will grow via compound interest. Explain that the longer their money compounds, the more potential it has to grow! If they’re natural spenders, help them determine how long it will take them to save up enough to buy the new toy or game they want and that it’s worth the wait.

Start saving for yourself
Remember this–the most important lessons you teach your children are unconscious. Your kids are smart. They watch everything you do. Relentlessly enforce spending limits on your kids but splurge on a vacation or new car? They’ll notice. That’s why one of the most critical means of teaching your kids how to save is to establish a savings strategy yourself. When you make and review your monthly budget, invite the kids to join! When they ask why you haven’t gone on vacation abroad for a while, calmly inform them that it’s not in the family budget right now. Model wise financial decision making, and your children will be far more receptive to learning how money works for themselves!

The time to start teaching your kids how to save is today. Whether they’re 2, 8, or 18, offer them opportunities to work so they can earn some money and give them the knowledge and resources they need to use it wisely. And the sooner your kids discover concepts like the power of compound interest and the time value of money, the more potential they have to transform what they earn into a foundation for future wealth.

1- “The 5 Most Important Money Lessons To Teach Your Kids,” Laura Shin, Forbes, Oct 15, 2013, https://www.forbes.com/sites/laurashin/2013/10/15/the-5-most-important-money-lessons-to-teach-your-kids/?sh=2c01a4956826

Support National Entrepreneurship Week

This past weekend was a busy one with Valentine’s Day and President’s Day happening back to back. But did you realize there was another day this past weekend? Saturday kicked off the start of National Entrepreneurship week.

Having taught aspiring entrepreneurs for some years now, National Entrepreneurship Week is not new to us. But we realize a lot of folks probably didn’t know there was an entire week where organizations across the country held events to support and celebrate entrepreneurs in their communities and provide resources to help emerging entrepreneurs.

So how will you show your support? Will you make a special effort to shop with entrepreneurs in your local community or simply show them love on social media by liking and sharing their posts? Whatever you decide to do, remember that now more than ever they are a key part of the economy. Last year caused a dynamic shift in the way many businesses operated resulting in losses for many and gains for some. However supporting local entrepreneurs helps them and helps your community in that as they expand they are able to create jobs for others.

So what are we at ECV Talks doing to support National Entrepreneurship Week? We’re hosting a FULLY LIVE & FREE Entrepreneurship class this Saturday, February 20th at 6 PM EST. Why is it special that it’s fully live? Well we started this Entrepreneurship week with a video replay of our first virtual version of this Entrepreneurship master class so that Ms. ME herself could be in the chat answering questions. But this coming Saturday we’re dropping the reformatted master class with the latest tips you need to save your side-hustle or escape to entrepreneurship.


So Reserve Your Spot TODAY! This is the last time this class will be offered for a few months as we begin our next small group session of our Escape to Entrepreneurism 6 week course. Want more info about the course? Come to the free class and ask questions. We’ll see you there!