So how much financial knowledge do YOU have?
Tax season can be a painful reminder of how adequately (or inadequately) you tracked and budgeted your lifestyle the previous year. Knowing how to set up budgets, goals and financial processes isn’t only handy for filing taxes — it’s a lifelong skill you’ll need year after year to remain financially strong.
But you don’t have to be a certified financial planner to understand the basics of personal finance. Many people are content just knowing how to balance a checkbook lol but at some point in your life, you are going to want to know more! I was a late bloomer so to speak. In my younger years, money management was the furthest thing from my mind. Now I can’t seem to learn enough!
There are a multitude of free resources available to help you expand your financial know-how. In fact there are no excuses unless you’re just not interested in improving your finances or your life.
1. Visit your public library. Your local library is a great source of all kinds of information, including educational personal finance workshops. Public libraries across the country have stepped it up when it comes to educating their local communities. Here are some of the best personal finance books to read in 2017.
From Bill Gates to Elon Musk, from Warren Buffet to Ben Franklin, the most successful people in the world have always been extreme readers! So if you want to achieve financial success, become wealthy, and retire early, one of the most important things you can do right now is crack open a book!
Luckily you don’t have to do much searching. I’ve compiled for you some of the best personal finance books to read this year. The books on this list are incredibly varied, from true personal finance books by gurus like Dave Ramsey (Total Money Make Over), Robert Kiyosaki(Rich Dad Poor Dad), Tony Robbins(Unshakable), and Personal Finance for Dummies is good as well. If investing is your thing try….The Intelligent Investor. Give one of these a shot! Great books!
2. Find a powerful expert voice.
Some of the most famous personal finance experts have achieved success only after experiencing a financial low. They’re real people who have been there and done that, and have written extensively about the knowledge they gained the hard way. I totally fall into this category. I’ve been there done that.
Another example is Dave Ramsey, who coined the “7 Baby Steps” for getting out of debt in his book “The Total Money Makeover.” These types of books offer a detailed look at financial remedies when challenges start to mount. And always remember….. FINANCIAL STRUGGLES WILL COME. Be prepared!
Likewise, planning ahead is equally important. Robert Kiyosaki, author of the “Rich Dad Poor Dad” series, shares how generating income through assets, such as real estate and rental properties, can help you achieve wealth in the future. I’m also a big fan of consumer expert Clark Howard(Living Large in Lean Times). Clark offers advice on many topics, including personal finance and has a fantastic podcast!
3. Stalk personal finance websites and blogs.
More and more websites, on-air personalities and even the personal finance experts noted above have adapted social media into their outreach strategy. Follow or like your favorite finance gurus to get fresh tips on how to manage your money now and in the future. There are TONS of personal finance blogs like this one as well. Here are a few of my favorite ones. Mr. Money Mustache, Budgets are sexy, Afford Anything, and Listen Money Matters. All of these are excellent sources of information all coming from different perspectives. Many blogs have podcasts for easy listening. You can learn SO MUCH if you’ll just apply yourself and try!!
Also, following these blogs by subscribing to them can help you stay on top of current events and how they affect your wallet. By staying aware of financial news stories, you can apply this knowledge to your everyday life.
Please feel free to leave a comment and as always…..
Thanks for reading,