One of the main reasons behind savings, investing, and debt problems faced by many consumers is a lack of financial education. According to Robert Kiyosaki, “Financial independence is available to those who learn about it and work for it.” To make responsible financial decisions, manage money effectively, and gain financial freedom, we should be equipped with the appropriate knowledge and skills and continuously put them into practice.
It’s essential to be educated in areas that affect your financial future the most.
Get some advice and practical tips on how to manage your personal finances during the COVID-19 recession.
Financial Concepts
Financial education starts with understanding basic financial concepts. In this tutorial, we explore some of them for you to start managing your personal finances effectively. Knowing such fundamental principles as compound interest, time value of money, and discount rate will help you achieve financial independence.
Psychological Concepts
We often make irrational financial decisions that can ruin our finances. Several cognitive and emotional factors within our brains have an influence on how we make choices. Marketing companies realize this and exploit our reactions to make us spend money. The purpose of this tutorial is to help you identify any possible irrational behavior (e.g., sunk cost fallacy, loss aversion), find out how to avoid or beat it, and build consistency and discipline with your finances. Get useful practical tips on how to implement better financial habits.
Credit Card Guide
Credit cards possess great power. They can either help you build wealth or destroy your finances altogether. This depends on how you use them. With this guide, you’ll be able to:
Learn how to use credit cards for your benefit
Learn about different credit card types and differences between them
Understand credit card rewards and how to maximize them
Discover credit card benefits and how to take advantage of them
Find detailed credit card reviews.
In order to get a full understanding of how to maximize your credit card rewards that you receive for each dollar you spend, download this free Win the Credit Card Game Guide.
Car Buying Guide
For many of us, buying a car is one of the most important purchases in our lives. It has an enormous influence on our possibility to save, invest, and retire early. With this tutorial, you will be able to:
understand what you should concentrate on when buying a car
Buying a home is the most significant purchase for many people. It influences greatly our ability to save money and build wealth. This tutorial will help you:
understand if you should buy a home
find out the true costs of renting and buying a home
explore various mortgage types
decide if you should pay off your mortgage or invest.
Build Wealth
Building wealth is a key step to achieving financial independence. With proper discipline and plan, anyone can become truly wealthy and get financial freedom no matter how much they earn. With this tutorial, you’ll get a deeper understanding of the concept of wealth, find out what is an asset, and learn how to build wealth effectively having your current income.
Stock Market Fundamentals
With this tutorial, you’ll get a full understanding of the stock market basics. You will learn how to do a preliminary stock analysis and analyze stocks fundamentally and in more detail.
