Question

which is the main goal of becoming financially literate? Becoming financially stable. Becoming famous. Becoming rich by investing in stocks. Becoming a member of the wealthy elite.

Answer 1

The main goal of becoming financially literate is to become financially stable. This means having a good understanding of financial concepts, managing personal finances effectively, and making informed decisions regarding investments, savings, and expenses. While becoming rich through investments or being a member of the wealthy elite may be aspirations for some individuals, achieving financial stability is a more practical and realistic objective that can lead to long-term financial security and freedom.