Introduction
Life as a young adult can be very confusing and chaotic. In the midst of completing your formal education and beginning a career, there is a constant level of uncertainty concerning what will transpire in the future. At the Jason Hartman Foundation, we are specifically concerned with helping young adults develop the necessary skills for financial success. These principals are encapsulated in the three C’s of Financial Success; Credit, Capital, and Competency. These principals serve as the fundamental building blocks not only for financial literacy, but for creating long-term success.
The 3 C’s of Financial Success (Credit, Capital, Competency)
The achievement of long term financial success will require the development of three key attributes. The first is Credit, which will be necessary for obtaining loans, lines of credit, and can even have an impact on your insurance rates and employment prospects. The second is Capital, which is the money to invest in future opportunities. The final and most important factor is Competency or financial literacy. The first two C’s can be developed over a few years, but competency and financial literacy must become a lifelong endeavor if you wish to achieve long-term success.
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