Do you want to be a master of your finances? Yes, of course you do. Whether you are trying to further your career, manage a business, or deal with your income and expenditure at home, it pays to be money savvy. A school education teaches us the basics of managing our money, but there are financial concepts that our teachers never taught us. Taxation? Investment? Equities? Those terms probably weren’t part of your high school curriculum. So, how are you supposed to become a financial expert? Here are the actions you need to take.
1. Go online
There are loads of websites online that deal with money matters, including ‘Investopedia,’ ‘Bankrate,’ and the site you have landed on right here. It’s no coincidence that you have visited our site, and we have expert advice that will point you in the right direction in all kinds of money matters. There are financial experts all over the internet who have written articles that will expand your knowledge, at no cost to yourself.
2. Go back to school
There are specific courses designed to help you become better with money, from night school courses offering the basics, to degree programmes, such as an online accounting MBA. No matter what level you are at skill wise, there will be a course that will suit your needs. Masters programmes will propel you up the career ladder if you have a career in finances, while basic courses will give you a better understanding of money at home and in your business.
3. Learn the lingo
Don’t know your ‘net income’ from your ‘net worth?’ Then you need to make an effort to learn the lingo, the notions, and terms that are commonly used in the world of finance. Not only will you sound smarter when talking to others, but you will be able to make better financial decisions when you understand what these words mean. Again, go online and look these words up, or read a self-help book, such as ‘Personal Finance For Dummies’ by Eric Tyson. Certain concepts sound complicated, but you can find simple explanations in books and appropriate websites.
4. Watch movies
We all learn in different ways. Some people prefer to get their information by reading; others prefer to watch and listen to others. If you are in the latter category, you will be pleased to know you can learn a lot about money from watching Hollywood movies. Films such as ‘Wall Street,’ ‘Boiler Room,’ and ‘The Wolf of Wall Street,’ can teach you valuable lessons about money, while entertaining you at the same time.
5. Attend seminars
Seminars are a great place to hear from financial experts first-hand. Not only will you be able to listen to some great presentations, but you can also rub shoulders with other finance enthusiasts and the motivational speakers themselves. You will make some valuable contacts who can aid you in a financial career, and you will expand your knowledge for managing your personal and business finances. Seminars aren’t free, but this is one investment you don’t want to miss out on if you want to become a financial expert.
You won’t become an expert overnight, but continued study by reading articles, listening to the advice of others, and taking specific finance courses, will expand your knowledge and take you one step closer to mastering the world of money.