Understanding the principles of finance, investing, and wealth accumulation is no longer a luxury but a necessity. It's the key that unlocks doors to a brighter future, enabling individuals to make informed decisions, seize opportunities, and safeguard their financial well-being.

Financial literacy, however, encompasses more than just basic money management skills. It allows individuals to understand the intricacies of investment, risk management, and the broader financial systems that drive the economy.

Seasoned wealth advisor Christopher Day, the CEO of the upcoming Days Global Advisors, knows that with the proper knowledge and insights, people can learn how to navigate the dynamic finance sector and take charge of their financial lives.

"In this day and age especially, it's crucial for people to understand what the right investment strategies are. There's a tendency among certain people to prioritize excessive consumerism, but often the quicker you amass wealth, the quicker you can lose it if you don't know what you're doing," Day highlights.

Although Day comes from a privileged background, he recognizes the importance of financial literacy and inclusion for all. He has dedicated a tremendous part of his career to educating the general public about the finance sector and how individuals who don't belong to the "lucky ultra-rich" can safely accumulate wealth and take advantage of the same strategies that propelled the prosperous members of society to financial security.

Motivated by a strong desire to educate a broader audience about financial literacy and wealth accumulation, Day expanded his reach into the virtual world. He not only joined various social media platforms but has also been preparing his public-facing spin-off Days Global Advisors to launch a hedge fund strategy designed to be inclusive of everyone by trading publicly on the New York Stock Exchange later this year.

Regarding financial literacy in particular, Day has emphasized several principles to his audience that he believes are pivotal to financial security.

"One of the most important things is understanding compounding and reverse compounding. Knowing how the mathematics of reverse compounding works against you and how long it takes to recover can help you prioritize your investments and debt repayment," says Day.

Day's second advice is for people to learn about uncorrelated investments. According to Day and other experts, uncorrelated assets, such as bonds, real estate, gold, farmland, and fine art, are central to any good diversification strategy and can protect people's portfolios from a market crash. "Diversification is key in reducing risks and balancing the impact of market fluctuations. This will greatly enhance people's chances of building wealth over time."

Day believes that understanding innovation in modern portfolio management is also crucial when seeking to build wealth. Traditional investment approaches may no longer suffice in the face of changing market dynamics, so by staying informed about the latest innovations and leveraging new tools and techniques; individuals can adapt their strategies to align with current market conditions.

"Innovation in portfolio management offers opportunities for enhanced investment strategies. Some options people can explore are ETFs, for example. These tools provide more accessible options for managing your investments," Day says.

The next piece of advice that Day has is related to retirement strategies. He emphasizes that it is crucial for people to reconsider their current strategies and explore other options to see how they can achieve more flexibility in allocating their funds.

"A 401(k) is a common choice, but there are other options, like individual retirement accounts," Day explains, adding that grasping the concept of future value is equally important to all generations. "Many people don't realize that a daily cup of coffee could represent a $500,000 difference in retirement savings, depending on the duration of compounding."

If more and more people considered the future value of items beyond traditional assets, such as furniture, cars, and clothes, they could make better decisions and prioritize long-term financial stability.

As individuals become more knowledgeable about finance and wealth management, they equip themselves with the necessary tools to make informed decisions that can positively impact their long-term prosperity. By embracing financial literacy, individuals gain the confidence to navigate the intricate world of finance, protect their hard-earned assets, and embark on a path toward financial freedom.

"My goal is to teach my audiences all the valuable tips and tricks to help them build a safe future for themselves and their families," Day says. "I believe in the power of knowledge and community, and if we join forces, I'm convinced we will pave the way toward a bright future for everyone."