Wealth Literacy Research Paper

RSP distinguishes itself by establishing ourselves as pioneers in a progressive and holistic approach we call ‘wealth literacy’. We define wealth literacy as “the ability of an individual, family and community to understand and manage their financial and personal well-being”. We believe that the true path to personal and financial well-being is found not by isolating the financial conversation, but rather having one about the whole person. What we teach our participants how to put what they learn in practice. Our methodologies involve the specific needs, input and feedback of the people we serve. Our proactive formula for the long-term success of our learning communities is: Mindset + Knowledge + Action = Builds Wealth.

Most financial

literacy programs don’t offer the time-consuming tasks of helping people understand and develop their mindset. Nor are their programs designed to help our impoverished communities learn how to identify their financial and other goals and take the small, critical action steps that are needed each and every day toward their achievement.

What most other programs do well is to provide the middle part of the equation, the financial knowledge and information. This is a very important part, however, it simply is not enough to create the sustainable and desired outcomes that change lives and curtail the cycle of poverty. Additionally, our delivery of the knowledge part of the equation is distinguished from most. We use quantum teaching practices. This makes hard to grasp financial basics effective, fun and increases the understanding and applicability of such challenging information.