Understanding the basics of money and personal finance is critical to winning with money and creating wealth. Traditional school systems do not teach students the basics of personal finance or how to handle money. However, it’s never too late to learn, you can begin to increase your financial knowledge over time and change your financial future.
INVEST IN YOUR FUTURE. Purchase or check out books from your local library on personal finance. They will help you understand the damaging long term effects of debt, the power of compounding, and the importance of financial planning. Some of the best books for beginners include: 1) The Total Money Makeover by Dave Ramsey, 2) Girl, Make Your Money Grow by Glinda Bridgforth and Gail Perry-Mason, 3) Rich Dad Poor Dad by Robert Kiyosaki, and 4) The Automatic Millionaire by David Bach.
Step 2
KEEP UP. Read about the latest economic and financial news by visiting financial web sites and blogs daily. Step 3
CONTINUING EDUCATION. Check with your local community college on continuing education courses on personal finance. Or, find a Financial Peace University (FPU) class in your area or take the online version. FPU is a 13 week class which has taught thousands of people how to manage their personal finances and win with money. For more information visit www.daveramsey.com.
Step 4
LISTEN UP. Listen to bestselling financial author, Dave Ramsey's national radio talk show or even call in with your own financial questions on weekdays. To find a radio station and broadcast times in your area or to download podcasts, visit www.daveramsey.com.
Step 5
TAKE ACTION. Now that you’ve increased your Financial IQ, stop using credit and begin to take small steps to improve your financial standing by creating a budget, stop using credit, reducing debt, building an emergency fund and saving for retirement.
Step 2
KEEP UP. Read about the latest economic and financial news by visiting financial web sites and blogs daily. Step 3
CONTINUING EDUCATION. Check with your local community college on continuing education courses on personal finance. Or, find a Financial Peace University (FPU) class in your area or take the online version. FPU is a 13 week class which has taught thousands of people how to manage their personal finances and win with money. For more information visit www.daveramsey.com.
Step 4
LISTEN UP. Listen to bestselling financial author, Dave Ramsey's national radio talk show or even call in with your own financial questions on weekdays. To find a radio station and broadcast times in your area or to download podcasts, visit www.daveramsey.com.
Step 5
TAKE ACTION. Now that you’ve increased your Financial IQ, stop using credit and begin to take small steps to improve your financial standing by creating a budget, stop using credit, reducing debt, building an emergency fund and saving for retirement.
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