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Certified Financial Educator Lijoy Thomas and his team educated local business owners and vendors on Wednesday about the concept of building a strong financial foundation.
During Thomas’ presentation, part of HISD’s Business Assistance Workshop Wednesday series, attendees were given clarity on compound interest and debt management, as well as a better understanding of the meaning of the terms asset, liability, and net worth.
“How is it that the richest country in the world is in so much debt?” asked Thomas as he presented information on the nation’s consumer debt level. “An average family owes $15,950 in credit card debt.” Continue reading →