You Can Learn About Personal Finance!
The world has changed. A Lot! Over the decades and centuries, one consistent change has been that more and more people have access to more and more education and information. This opportunity to be educated consistently raised the experience of living life on earth to new levels. Today with the advent of the Internet this opportunity for education has reached new proportions.
Yet, when it comes to personal finance, most of us would have to admit that we are ill prepared. Personal finance is important to us all. It’s important to you. You want to live a stable, and well-managed life. You want to build wealth and resources.
The good news is: You Can! You just need to become educated. Find a trusted voice to listen to and make the changes necessary to watch your wealth grow. Here are some ideas of where to start educating yourself on the important topic of personal finance.
Visit your public library
Your local library is a hub of all kinds of information, including educational personal finance workshops. Public libraries across the country have stepped it up when it comes to educating their local communities, from the Affordable Care Act to helping people balance a checkbook. Free sessions like these are just some of the many workshops available throughout the country.
Find a powerful expert voice
Some of the most famous personal finance experts have achieved success only after experiencing a financial low. They’re real people who have been there and done that, and have written extensively about the knowledge they gained the hard way. Their struggles are manifest in insightful personal finance books about the best practices for managing money and planning for your future.
Stalk personal finance websites
Follow or like your favorite finance gurus to get fresh tips on how to manage your money now and in the future. Also, following the finance pages of news outlets on Facebook and Twitter can help you stay on top of current events and how they affect your wallet. By staying aware of financial news stories, you can apply this knowledge to your everyday life.
– via US News & World Report
You are off on your journey to grow your knowledge of personal finance and thereby grow your wealth and resources!
So how do you know what to read, what to listen to, what choices to make? In the excerpt below there are some great guidelines to help you make good choices and not be overwhelmed. You can do this! It will give you a better future! Learning about personal finance will be one of the most empowering things you have ever done!
Welcome to the Jungle
The quantity and variety of financial information out there can be dizzying. Unfortunately, that can cause many of us to put financial management off indefinitely. Rather than staying out of the jungle altogether, you can make the most of what it has to offer by following a few simple rules:
Gather Lots of Information
When you’re just beginning your trek into the jungle, you’ll want to take a general survey of the terrain first. Once you understand the main debates out there, you can start to figure out where you stand on issues like deciding what is the best way to use credit cards, if at all. Additionally, you can begin to narrow down your information consumption to a few trusted sources as you learn which sources are the most reliable.
You know what your needs, tendencies, and risk tolerance are better than anyone. While keeping an open mind is important, it’s probably better to steer clear of advice that does not fit with your value system. If your risk tolerance is low, it is not worth wasting your time listening to or reading information about penny stocks or entrepreneurial endeavors. If you are very young and can afford to take on a little more risk, your needs will be much different. If you just can’t keep a credit card in your wallet without maxing it out, you will likely need to take a much different approach to your finances, so don’t listen to someone who has no problem controlling their use of credit and pays off the balance every month.
– via www.moneycrashers.com
Are you ready to understand personal finance? Are you willing to begin? What do you most want to learn about personal finance?