Personal finance is a fundamental life skill that everyone should have.
Taking the time to learn about it will help you get closer to your financial goals, whether it’s buying a house or saving up for retirement.
There are many different ways to learn personal finance, some of which include: reading books on the subject, taking classes in school and online (such as Khan Academy), listening to podcasts related to personal finance, or even watching YouTube videos on how-to topics like “How To Manage Your Money.”
But no matter what method you choose, make sure you’re learning from an expert who knows their stuff because this information can be very complex and confusing if not explained properly.
So go ahead and start with one of these ideas today!
Reading Books on Personal Finance
One of the easiest ways to learn about personal finance is by reading books on the topic or by listening personal finance audiobooks. You can either read a personal finance book recommended by an expert or you could choose a specific topic that interests you.
For example, if you’re interested in investing, you might want to read The Bogleheads’ Guide to Investing, which details how index funds are a great option for investors of all levels.
If you’re interested in managing your money better, then reading an introductory type of book like Personal Finance Basics may be a good place to start.
It will give you some basic knowledge on topics like how credit cards work or budgeting basics and expenses.
If you want something more in-depth, then it’s worth looking into more advanced personal finance books like Your Money or Your Life.
Secondly, reading actual financial magazines can be an effective knowledge-building source.
For example, Forbes Magazine has some excellent articles on money topics such as current stock market events, investing advice, and real estate trends.
Typically, many of these articles are written by experts in that field, which makes the information more accurate.
Taking Classes in School and Online (such as Khan Academy)
If you’re really interested in learning personal finance, then taking an actual class on the subject may be best for you.
Usually, these classes are taught by professionals or business leaders and will cover topics such as: how to plan for your future, how to set a budget, ways to save money on expenses, and how credit cards work.
You might be surprised at how much you learn in these classes and the information may even help you get your personal finances back on track if they’re not where they should be.
Listening to Podcasts Related to Personal Finance
One option you might want to consider is listening to podcasts related to personal finance.
You can find a podcast on just about any topic (including money) at this website and keep up with what’s going on in the world of personal finance without spending hours reading articles or books.
One thing to note, though, is that many podcasts are often sponsored by financial companies so there may be some bias in the information they provide.
Keep an open mind and don’t take everything you hear as gospel!
Watching YouTube Videos on How-to Topics of Personal Finance
Another way for you to learn more about personal finance is by watching YouTube videos for how-to topics.
YouTube has lots of videos that will teach you what different terms mean (such as “what is compound interest?”) or how to do things like make a budget or calculate your net worth.
Just search for what you want to learn more about and watch a related video on the topic. It’s easy, free, and even fun!
As you see, the best way to learn about personal finance is by reading books, taking classes, and watching youtube.
But after you know the basics of how it works, take action. Remember that there are always ways to improve your finances so try implementing some strategies in your life today!