Final answer:
Personal finance is 80% behavior and 20% head knowledge. Many Americans are buried in debt. Learning the language of money!
Step-by-step explanation:
I believe that personal finance is 80% behavior and 20% head knowledge. This means that the way we behave and make financial decisions has a bigger impact on our financial well-being than just the knowledge we have. For example, even if we know that saving money is important, if we don't develop the behavior of saving regularly, we won't be able to build wealth.
I believe that many Americans are buried in debt. This is because of a combination of factors, such as living beyond their means, not having a budget, and taking on high-interest loans. It's important for individuals to understand the consequences of debt and work towards becoming debt-free.
I believe that learning the language of money is crucial. Understanding concepts like budgeting, investing, credit, and insurance can help us make informed financial decisions. Without this knowledge, we may end up making mistakes or being taken advantage of by financial institutions.