Improving Financial Literacy

By | September 26, 2016

It’s never too late to become an expert in the area of finance. Being financially literate is something that will help you tremendously, no matter what your phase of life. But finance is not something that is easily mastered, and as a beginner, it can be overwhelming and discouraging to try to learn the ins and outs of good financial practices. However, now matter how overwhelming, good financial management could easily be one of the most important things you will ever learn. Here are some tips and resources to help you on your path to becoming financially literate.

 

Find a Good Financial TV or Radio Show

Find a financial wizard that you admire and start listening to or watching their show regularly. You’ll be surprised at how much you’ll pick up over time. These types of shows typically have real-life examples, and you can hear the advice that the expert gives to ordinary people. They also help educate you about current financial regulations and how best to invest your money. A great TV show to watch when you want to learn how to manage money is The Suze Orman Show. Suze Orman is a brilliant financial guru. One of the best segments on her show is “Can I afford it?”, which is where people call in and give a basic overview of their finances and what they’d like to purchase, and she tells them whether they’re making a smart or a bad financial decision. Watching or listening to your favorite financial show can help you apply what you’re learning to your own situations, and the repetition of watching or listening over time will cement in place the principles that the expert is teaching. Visit http://www.suzeorman.com/the-suze-orman-show/ to learn more.

 

Read Financial Books

There are a lot of self-help financial books that promise to teach you the basics of good financial practices. Get a book with actual worksheets to help you apply what you’re learning to your own personal finances. A great author that I would recommend very highly is Dave Ramsey. He is a well-known expert on all things financial and helps teach you how to take control of your money. Find books and advice about budget helps, getting out of debt, and improving your overall financial stability at http://www.daveramsey.com/home/.

 

Participate in a Seminar

Whether you consider yourself a complete financial amateur, or you know a little about finance already, attend a local financial seminar. Seminars can range from beginner to expert, and are a great way to get started on the path to becoming financially literate. These seminars provide opportunities for you to ask questions to experts, choose specific classes that apply to you personally, and help you learn how to be smart with your money. Seminars also can educate you about different types of loans that are available in the market, everything from reverse mortgages to title loans online, and how to best choose the loan that’s right for you.

 

It’s never too late to start improving the outlook of your future by becoming a financial wiz. Don’t be intimidated by finances. Follow these steps and help yourself find the path to financial security.