State-of-the-art Financial Education Program Emphasizes Networking
Achieving personal success has many potential meanings. But for most of us, financial security forms a crucial part of success. Yet few people become successful—financially or otherwise—by flying solo. According to a current financial education program, networking with a stable group of other investors is essential to creating a winning financial plan.
The National Financial Educators Council (NFEC) has developed a financial literacy program that reaches individuals of all ages and from every walk of life. This state-of-the-art program emphasizes how building a stable network helps ensure a steady stream of viable investment options from a variety of possibilities.
Like every accomplishment, says this personal finance program, financial success is firmly rooted in good communication. Networking simply means gathering contact information from people we know, including friends, family, colleagues, and acquaintances. Most of us have contacts from every location where we work, play, learn, and do business. If we maintain a list containing phone and email information for each of these contacts, we have a network.
Since communication is a two-way street, keeping in touch with our network on a regular basis is another vital part of our financial education toward success. Watch for opportunities to give your network an update:
- Send out monthly notes about your current investments and ideas
- Contact your network when you hear about an exciting investment possibility
- Stay in touch regularly on anniversaries, holidays, and birthdays
Scratch your network’s back, and they’ll scratch yours—it’s a fundamental fact of life.
In addition to the basics of investing, the NFEC programs cover the whole gamut of personal finance subjects. Their financial education program teaches about goal-setting, budget planning, savings, managing credit and debt, insurance, developing skills, generating income, and retirement preparation. The NFEC doesn’t only prepare mature adults to invest for a secure future. They also have financial literacy programs for kids, teenagers, and young adults.