Increase Your Money IQ & Overall Financial Literacy With These Five Mind-blowing Tips
Being financially literate doesn’t mean that one has to be a stock market whiz. It simply entails one’s ability to understand how money works in the real world, be it from how it’s made to how it should be managed for one’s benefit.
While making money may be an easy thing for some, managing it wisely is a different thing altogether. To avoid falling for schemes and to start using money to achieve one’s goals in life, here are some techniques and tips on how to build financial knowledge.
The Mentality to Learn
Whether you’re a fresh graduate working their first real job or a person who’s already years into their career, it’s never too late to start learning about finance. Start by studying simple topics like how a credit card works. One can then jump to more complicated ones, later on, like social security to investing in the stock market.
Take a Class
For those who are really serious about learning finance, taking a class or course at a local institute or community college may be a better choice. Plenty of comprehensive and helpful finance classes can also be found online either for free or for just a couple of bucks. The important thing is to focus on understanding what is being taught as it’s important to be financially literate in the modern world.
Utilize Free Content on the Internet
And speaking of online classes, you can also find many other free resources on financial topics on the Internet. In fact, the web is brimming with content like articles, eBooks, and news stories on finance to keep one preoccupied for a long time.
Watching Youtube videos is a particularly great way to learn about the topics. Some channels are even dedicated to helping struggling viewers in figuring out solutions for their specific financial problems.
Just be careful when filtering which content to trust. The links that appear on top of search engines are typically good enough. But looking at what other people might have said about it in the comments is also a great idea.
Tune In to Various Media
Of course, traditional media like television, newspapers and the radio are also good sources of financial information and lessons. Tuning in to a news channel dedicated to topics concerning business and finance will be very helpful in keeping up to date. Bloomberg is an example of one such channel. For people who like to read, buying issues of reputable newspapers and magazines is another way to go.
Use Government Resources
Resources like analyses and reports made by the government are also reliable sources of financial knowledge. What more, these are typically made available online via the websites of certain government agencies.
More in Finance & Business
Justin Bieber Reveals via Instagram that His Stunning Beverly Hills House is up for Grabs, Here Are the Details
If you thought that celebrities would rely on high-powered realtors to sell their properties, then you are wrong. At least with...October 17, 2019
A First-Time Home Buyer? Learn about These Insider Mortgage Tips First to Save Tons of Money
The thought of owning a home is exciting and terrifying at the same time. Of course, you’ll be thrilled to finally...October 16, 2019
Are Co-Living Spaces Really the Solution to the Housing Crisis? Here’s The Real Deal about It
You don’t have to think about paying rent when you’re young and still live with your parents. However, know that you...October 15, 2019
Put that Sledgehammer Down: You May Be Hurting Your House’s Resale Price with These Renovations
Purchasing your home may be the ultimate American dream. For one, it feels different to have a place you can call...October 14, 2019
There’s an Increase in US Household Size, the First in a Long Time: Here’s Why Millennials Are Also to Be Blamed
How many people are living in your home? Between 1790 and 2010, there was a steady but slow decline in household...October 11, 2019
Nothing But Drag: RuPaul Just Bought a $13.7-Million Mansion That is Unapologetically Grand
When you’re a world-famous drag sensation, a four-time Emmy winner, and one of the most influential icons of this generation, you...October 10, 2019
Gwen Stefani’s Mansion Has Finally Found a Buyer: Here’s a Look at the Super Eccentric Interior of the Property
There are many celebrity houses on the market today which are expectedly classy and grand-looking. After all, big stars have lots...October 9, 2019
McDonald’s Drive-Thru Time Increased, Fast-Food Giant is Taking These Drastic Measures to Change That
Don’t you hate it when the car in front of you takes too long to order at your favorite fast-food drive-thru?...October 8, 2019
This Traveler Said You Should Look Out for THIS upon Check-In to Know If Your Hotel Is Worth Staying At
So you’ve perfectly planned your much-needed vacation – from the best destination to the itinerary once you reach the spot, you’ve...October 7, 2019