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FINANCIAL LITERACY BUILDING WEALTH OVER THE LONG TERM Name: Period: What are the Three Rules for Building Wealth? 1. 2. 3. The Magic of Compounding When you save, you. When you take the interest out

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Financial literacy refers to the knowledge and understanding of various financial topics such as budgeting, saving, investing, and debt management.

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The purpose of financial literacy is to help individuals make informed financial decisions, manage their money effectively, and achieve their financial goals.

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Financial literacy courses may require participants to report on their income, expenses, savings, investments, and debt levels.