Financial literacy

So I mean, we have creators, I have a creator that is on Substack.

And she's the financial literacy creator.

So she helps creators like with like how to understand their finances, how to, she has multiple properties.

So she talks about real estate investments, how to buy one and how to like leverage one to get the other.

Put your house, like, easy.

Like, put your money into a house.

It's not, like, crazy financial literacy, but just, like, simple 101.

Or do you just have them, like, go buck wild? Do you help them at all?

She's an award winning certified financial planner, professional with over 25 years of experience.

She leads a multimillion dollar financial planning practice specializing in empowering women to overcome financial challenges and increase their financial literacy.

We'll be discussing her career and her new book, Women and Wealth.

Please welcome the Money Making Conversation Masterclass for the first time, Keri Carbonero.

to become this incredible business.

My guest is an award-winning certified financial planner, professional with over 25 years of experience.

She leads a multi-million dollar financial planning practice where she specializes in empowering women to overcome financial challenges and increase their financial literacy.

She has a second book out.

Literacy.

Yeah, literacy, financial literacy.

And it's a big hurdle.

I mean, people...

I mean, I don't want to give anybody my credit card anymore, right? Because I don't want to have to figure out how to disconnect it.

Exactly, yeah.

I mean, but that's financial literacy.

That's getting ripped off every month to the tune of $6, $8, $20, whatever it is.

So that's really the key to it.

So, you know, as you know, as you talked about, we live in a society that is challenged from a financial literacy standpoint.

90% of our population is not financially literate, unfortunately.

I mean, we know why.

We don't teach financial literacy in schools.

So K through 12, we don't teach financial literacy.

So it'd be like if we didn't teach reading.

If we didn't teach reading, well, guess what? We'd have a bunch of people who can't read.

It is about understanding what kind of thing AI is, how it works at a conceptual level, what it's designed to do, where it's reliable and where it isn't.

Well enough to remain genuinely in charge of the interaction, the difference between using a tool and being used by it, the financial literacy analogy.

A useful frame for what we're talking about comes from a domain that most parents already take seriously, financial literacy.

Financial literacy doesn't require understanding the mechanics of derivatives markets or the technical architecture of payment clearing systems.

It requires understanding enough about how financial systems work, what incentives drive different financial products, where costs are hidden, how compound interest functions, what the difference between an asset and a liability is, to make decisions that serve your own interests rather than the interests of whoever is selling you something.

A financially literate person isn't the one who understands the most.