That’s the golden rule in the company where I am working right now. You can’t just do the work you didn’t understand for if after everything turns out to be wrong then you will be are the one to be blamed.
Same with our finances. Whatever financial decision we commit must undergo a long process of assessment.You choose the best financial vehicle to ride and you must create financial goals that could lead you to the independence you wanted.
And on top of that, not everyone has been blessed to gain enough financial knowledge in life. Looking back we weren’t taught on how money works, how to save, how budget and how to invest when we were young. You grow up nd have your first paycheck only to realize that “money” will play big role in your adulthood. It can make or break your dreams.
Financial literacy is important. It is by the lack of knowledge when it comes to money management that problem occurs. It is the first key to growing and achieving financial freedom. The more you know… The better you will be when it comes to your money.
There are a whole lot of concepts that one must understand before, during and after the investment period. From the financial products to choose, amount needed to save to the money that you need to have in order to retire peacefully, that can be overwhelming for beginners.
Thankfully there are far more better and easier ways to gain financial knowledge today.
1. Others testimonials.
You may be blessed with parents who have been very well in terms of their finances or just mere acquaintance that you know are good influence. You can engage in communiction with them and ask for their success stories. How they manage their money and how they were able to survive the day to day living.
2. Financial blogs.
Blogs are just the 21st century authority. Whenever O search something especially reviews and experience on a financial product I will consult Google and find other blogger’s account. I guess it adds that blogs has a personal touch. You can find most of my followed financial blogs in topblogs.com.ph/business+finance. I also love Frugal Honey,The Wise Living,Pinay Minimum Wagerand Ramblings of a Weirdo.
3. Financial books.
I started falling in love on the topic of money , finances and business because of books. I me tioned before how everytime I stroll in the mall I will always grab a quick visit on the bookstore and spend an hour just browsing for books in the business and investment section. Just recently I fell in love with Rane Panaligan’s The Law of Leverage as it is an all in one book. I also manage to review books such as Kuntento Ka Na Ba sa Kaperahan Mo?, You Can Be Rich andIt’s Your Money.
4. Financial Magazines.
From Entrepreneur, MoneySense to Good Housekeeping… Those magazine just include financial tidbits that could help you gain financial knowledge. If you are easily bored with long passages of books then maybe a magazine style will be better. You can just browse this when you have time and you’ll be good. This also appears to be more on the visual side.
5. Financial Seminars.
The best way to gain financial knowledge will most probably be attending seminars. In seminars there will be a focused topic that you’ll enjoy learning with the others. You will be listening on a financial educator that can be your mentor too. Financial seminars here in the Philippines can be mailap and even pricey but they are all worth it. Attending talks and workshop is the best option for you can actually start applying the concepts too. I love attending seminars even if not financial related for it will always be a fresh experience for me.
Just remember that investing in your financial knowledge is one of the most important lessons you will learn in personal finance. If you are aware on the ins and outs of the topic you’ll sure be better in handling and managing everything. Let the information flow and you’ll never go wrong, just like what I said on my post Investments Gone Wrong… There are times that it is the lack of information that lead to mistakes in financial decision. Be wiser than ever.
An Open Invitation As you may know, I collaborated with the IMG Wealth Academy to live by the mission in providing financial knowledge to every Juan. Thus, I am encouraging you to come and attend the FREE FINANCIAL SEMINAR organized by the team behind the Wealth Academy. The first two series are for FREE and If you want to learn more on My IMG Journey, I created two other posts for this endeavor.
Be better in your finances. Save Now, Invest Now and walk your way to success. Sign up in myEmail List and receive templates to get you started in your Financial Wealth. Follow me onFacebook andTwitter for better updates. Godbless
Izza of SavingsPinay helps Filipinos bridge the financial literacy gap one content at a time by providing insights and tips on budgeting, saving, investing, side hustle and growing your net worth. Aside from this blog she also writes at www.izzaglinofull.com, a beauty and lifestyle blog for frugal Pinays and manages, www.izzagevents.com, a wedding and event business since 2011. For inquiries, topic suggestions or future collaborations email her firstname.lastname@example.org