As we're spending so much time inside due to coronavirus, you can use all that free time to learn something new. And what would be better than learning about personal finances and reaching our financial goals?
If you want to learn about investing, budgeting, savings, spending, how to create a retirement plan, loans, business management, and more, you should learn about finance. Finance is an important part of life and now even more due to the adversity, we face with Covid-19.
If you're a finance major or you're just walking into the finance world, in this article, you will find all kinds of resources to help you learn more about finance. On each resource, you will find information, trends, tips, tricks, and much more.
These resources are online and free. But keep in mind that these resources are to be used for help and not entirely as your source of knowledge. For that, you have classes in school or you can hire a private tutor to help you navigate all the information.
We also recommend you look for an online financial blog, especially if you're majoring in finance. You could find a blog of a fellow student and learn from their mistakes, or you could find, if it helps, recommendations and advice from teachers or finance experts.
For more information on the subject check out a guide on Studying Finance.
Finding a finance course depends on exactly what it is you wish to learn. Do you want to learn how to set up a smart retirement plan? Are you planning to start your business but have no clue how to budget or manage finances properly? You want to set up a savings plan since you got a big raise at work and you want to save your money?
Setting goals will help you narrow down your options, especially with finance. You can also learn about debt, tips to pay off a loan (student loans and debt is a big deal), how to make a smart investment, what is credit and how does a credit card works, and more.
You can look for online courses based on these criteria, your time availability, your budget, and your level of knowledge. All these factors are important to take into account while looking for an online course because it's what's gonna help you be successful.
If you really want to take a class but don't organize your schedule you will hardly connect and do the classwork. Or let's say you can't afford the fancy course you're paying for and months later you're still paying it off, that wouldn't be a wise thing to do financially.
Finally, imagine you get a really advanced level course and you actually need a course for beginners. You'd spend most of the lessons trying to catch up on the concepts you don't know or understand.
When you pick a course you have to be wise and find something that fits in all of the aspects of your life because if not, you could end up quitting, losing money, and time.
Best Finance Podcasts
Podcasts are audio series that users can download to their devices or listen to on Apple Podcasts or Spotify if they have an account. Podcasts are a great source of information for whichever topic you're learning about.
There are podcasts for all kinds of interests, and as you probably guessed it, there are some really good ones on finance, investing advice, loan tips, budgeting literacy, and aside from the economy, there are podcasts on covid, personal care, student life, and anything you can imagine.
Here is a quick list of some good podcasts with a financial view:
- For beginners: So Money
- To get out of debt: The Dave Ramsey Show
- For students: The College Investor
- For investing: Money For The Rest Of Us
- For financial independence: The Mad Fientist
- About economy and markets: Bloomberg Surveillance
- About market stories: Motley Fool Money
If you are studying finance, go check out our article on, What jobs can you get with a Finance degree?
Best Finance Books
The best way of learning is by picking up a book and start reading, no matter the subject. There are some amazing books about finance and financial stability and freedom.
In today's financial climate, with the pandemic and the risk coronavirus poses to our health, learning how to manage our money is more important than it was before.
Here we have a list of amazing books that will provide you with advice and resources which to help you learn and understand debit, credit, budget, and especially how to obtain your financial freedom:
- The Young Adult’s Guide to Financial Success By Edward M. Wolpert
- The Intelligent Investor By Benjamin Graham
- Why Didn’t They Teach Me This in School? By Cary Siegel
- Beginner’s Guide to Minding Your Money By Patricia Stallworth
- A Beginner’s Guide to the Stock Market By Matthew Kratter
If you're having a hard time learning finance you can always Work with a private Finance tutor.
Do we need to learn about financial literacy ?
Learning how to properly manage our personal finances can be tricky, but as you just saw, there are endless and free resources online to help you learn how to invest and spend your money properly.
People usually make the mistake of managing their money and salary poorly. But if you choose to educate yourself you will never be one of those people!
If you're still unsure of needing this education ask yourself this: Do you have too many credit cards that you can barely pay for? Do you spend money every day on lates or beverages that cost over one dollar? Are people constantly telling you to start a savings account and think of your future?
If you answered yes, then you probably need some financial literacy.
But not to worry, you can always hire a professional to help guide you through the subject. Getting a tutor that helps you navigate the nuances of this topic can give you the insurance you've always wanted for your personal financial stability.
You can go on Superprof and find a finance tutor in your area to teach you everything you need to know about money management. Remember you can always ask if they offer the first lesson for free, this way you can check if you like their teaching methodologies.
Do you want to pursue a career in finance? Be sure to check out the Best schools in the USA for Finance programs.