Financial literacy has been a question for the major population in India. As per National Centre for Financial Education (NCFE) report, the financial literacy of India is only 27%. If you are not surprised then 19 states have a higher financial literacy rate than 35 states and union territories in India. This led to the concern since with the employment rate at more than 90%, the people who knew about how to manage their finances are not even crossing 40%. In this article, we discuss about a potential solution to the problem
Understanding Money6x.com
It is an online platform which is used to act as a guide which helps in building wealth, achieving financial freedom etc. The platform also claims to multiply your investment at least 6 times. It was founded by the financial experts with a goal to break down the barriers to the small investors and individuals to make better decisions with their finances.
The key features of Money6x.com
The key features provided by the platform were
- Diversified Investment Strategies: They provide access to investments other than stocks and bonds such as real estate, cryptocurrency, and venture capital.
- Data-Driven Insights: They grip cutting-edge technology and market analysis to deliver their users actionable investment recommendations.
- Personalized Guidance: Their team consists of financial advisors which are available to address a user’s specific needs and concerns which offers one-on-one consultations, educational resources, and ongoing support.
- Smart Automation: Their platform also enables automated investing, allowing a user to set and forget.
How can a person be financial literate?
To gain financial literacy, you need to follow easy ways discussed below:
- Start reading: The first step is to start reading books or newspapers related to finance such as The Economist, The Wall Street Journal, The Minta, The Economic Times etc. or go through the blogs related to finance.
- Talk to financial experts: If you know a person who is in the game of finance, try to learn from them or simply listen to podcasts or the interviews of financial experts available on the internet.
- Attend camps and courses: Try to attend camps held in your local area or in your state. Make sure to attend events only of trusted or government organizations only or simply go through the courses available on the internet.
- Use your knowledge in your practical lives: Your knowledge is not worth it if you are not making practical use of it. Try to make mistakes and eventually and gradually you will learn from it since the game of finance is not short term but long term.
Categories they provide
The categories provided by the website are:
- Budgeting
- Building Assets
- Earning Strategies
- Employment
- Entrepreneurship
- Financial Planning
- Investing & Growing Wealth
- Mindset & Resources
- My Blog
- Online Income
- Real Estate
- Saving & Optimization
- Sharing Economy etc.
The benefits
The benefits of using the platform are:
- Improved Financial Awareness: By regularly tracking income, expenses, and savings, a user can gain a better understanding of their financial habits and hence, make more informed decisions.
- Goal Setting and Achievement: It also helps users to set realistic financial goals and also provides the tools and resources which are necessary to achieve them
- Reduced Financial Stress: By providing clear and actionable insights into your finances, it can reduce some of the financial stress.
- Enhanced Investment Opportunities: The personalized recommendations of the platform can help you to make smarter investment choices, which will eventually increase your returns
How to get started with Money6x.com?
To get started with the Money6x.com, you need to do the following steps
Step 1 Open any pre installed browser in your device
Step 2 Tap on search bar, and search for Money6x.com
Step 3 Click on the official website which is generally on top 3 in the first page
Step 4 Once you visit the official website, click on sign in to continue further and enter the details
Step 5 After completing the sign in, add your information about your income, expenses, debts, and financial goals.
Step 6 Explore the tools and you are good to go
Make sure to regularly update your financial information on the platform
Conclusion
In this article, we discussed about what is the status of digital literacy in india, what is Money6x.com, what are the key features they provide, how you can be in the 27% in financial literacy, what categories does the platform provides, what are the benefit of using the platform and how to get started with it.
Disclaimer:
The article Money6x.com: Your ultimate guide of financial literacy is just for educational purposes only and does not serve any other goals and we are not liable for any errors or mistakes in this article.FAQs About Money6x.com
Ans. The platform is free to use
Ans. As per National Centre for Financial Education (NCFE) report, the financial literacy of India is only 27%.
Ans Some categories provided by the platform are Earning Strategies, Employment, Entrepreneurship
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