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How to Increase Your Financial Education
By: Michael Press
One of my favorite authors, Robert Kiyosaki, said in one of his many books that there are three types of education. They are Academic Education, Professional Education, and Financial Education. All three types of education are important, but financial education is probably the most important of the three. Academic education is your basic education, or what you learned in high school (math, reading, writing, etc). Professional education is a trade of yours that you have learned, or degrees that you have studied for. Financial Education is how well you can manage your own money, and how well you can make it grow. Unfortunately, schools today primarily focus on academic and professional education. So many people come out of college or high school knowing a lot of things, but knowing next to nothing about finances. Financial education in school only goes so far. So, it is up to you to increase your financial education yourself. Below are some tips on how you can increase your financial education quickly, and cheaply. Visit the Library - The library is an excellent resource, and your local library should have a whole shelf of books dedicated to personal finance, business, and investing. Try to focus on books that teach you how to invest because you want your money to be working for you at all times. Using the library to check out books instead of buying them can save you a lot of money. Subscribe to Financial Magazines and Newspapers - Magazines such as Money, Entrepreneur, Fortune, Forbes, and Business Week are filled with tons of great information. Financial magazines and newspapers will keep you up to date with business trends, give you business ideas, and most of them contain profiles of entrepreneurs starting their own businesses. Financial newspapers such as The Wall Street Journal and Investor's Business Daily contain tons of articles about companies. I have found many new successful companies to buy stock in because of financial newspapers. Surf the Internet - There are many excellent websites dedicated to investing, and they contain tons of free articles and tutorials. Two of my favorite websites are Investopedia.com and Fool.com. Attend Real Estate Seminars - Real Estate Seminars can be expensive, but a lot of them provide valuable information about the world of real estate investors. Also, you'll meet hundreds of people interested in real estate investing, and alot of them could answer questions that you may have Learn By Doing - And finally, you can increase your financial education by actually investing. Make mistakes, but don't get discouraged because of them. Just learn from your mistakes, and continue on! |
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