People have a lot to say about money. It makes the world go ‘round. It’s the root of all evil. And yet, many people don’t actually know much about finance. If it really is that important, shouldn’t more of us take time to educate ourselves?
Yes, it really is that important. And yes, we could all stand to learn more about it.
Thinking about investing in some stocks? Better learn the ins and outs of Wall Street trading. Interested in flipping Vancouver homes for sale? Time for a crash course in the Canadian real estate market. Just want to take out a student loan so you can finish your college degree? First do some homework about how interest rates work.
Don’t wait. Get started right now with these five tips.
Talk to Someone In-Person
The best way to learn anything is to learn it from a real, live human being. Books and Internet research is invaluable, but you can’t ask paper and ink for clarification and your computer screen can’t tell when you’re confused. If you have a friend or family member with a good head for finance, ask them to sit down with you and give you some basic pointers. Don’t be afraid to ask questions. That’s what learning’s all about.
Utilize Government Resources
Believe it or not, you know who really wants to help you handle your finances better? The government. Go ahead and laugh. Get it out of your system. When you’re done, take advantage of resources like the Financial Literacy and Education Commission and MyMoney.gov. These websites are designed to build financial literacy and provide helpful advice for buying a home, saving for retirement, balancing your budget, and more.
Pay Attention to the News
Finance is a lot like a teenage girl’s hair color. It’s always changing. That’s why it’s important to stay informed about what’s going on in the world. Newspapers like the Wall Street Journal, magazines like Forbes, podcasts like Mad Money, and cable networks like Bloomberg TV will help you keep up to date with both national and global finance.
Enroll in a Class or Webinar
Sometimes what you really need more than anything is the guidance of a seasoned professional, someone who not only understands the ins and outs of the finance but also how to teach those ins and outs to a group of students. If you’re serious about learning this stuff, consider enrolling in a financial literacy class at the local college. Or, if you’re trying to save money, consider taking a cheaper (or better yet, free) webinar online.