Navigating Financial Literacy in the Social Media Era

What year marks the beginning of the new generation discussed in the video?

• 1990

• 1985

• 2000

• 1975

What is a major weakness of the social media generation according to the speaker?

• Financial literacy

• Technological dependence

• Professional competitiveness

• Social skills

Which platform influenced the speaker to make an impulsive purchase?

• Facebook

• Twitter

• Instagram

• TikTok

What type of interest is mentioned as working against the speaker financially?

• Variable interest

• Fixed interest

• Compound interest

• Simple interest

What did the speaker realize about his financial literacy after seeing a friend's success on social media?

• He was superior

• He was indifferent

• He needed improvement

• He was well-informed

What financial action did the speaker regret regarding a luxury car purchase?

• Leasing instead of buying

• Buying a used model

• Paying in full upfront

• Choosing a high-interest loan

What was the speaker's profession, which ironically did not equate to being financially literate?

• Doctor

• Engineer

• Lawyer

• Accountant

What did the speaker start to build after becoming financially literate?

• A real estate portfolio

• A new business

• An emergency fund

• A social media following

What percentage of income does the speaker suggest saving or investing?

• 15%

• 20%

• 10%

• 5%

What is the ultimate goal of becoming financially literate according to the speaker?

• To retire early

• To impress others

• To gain social media popularity

• To make informed financial decisions