Finance, the most common word every one of us have heard. And when it comes to the financial education most of us have ignore it by taking it as a less important topic to discuss or learn about finances and even most have a myth that they can manage their finance.
Surely you can manage your money, pay bills have savings and do little of investment but for a moment have a look over here. There are many persons who learn about finance throughout their life. You might have heard about mutual funds and Index Funds and surely invest in them in hope of better returns then FD.
But do you know that these funds are managed by the fund managers who spent their whole life in managing your finance but there are only few who are able to beat the market returns. It is not that they are inefficient but the fact is that managing finance is not a joke and the persons managing finance are not the jokers juggling the balls of finance in circus.
You might have heard about the greatest name in the world of finance and investing MR. WARREN BUFFET who says no one can beat the market as it is not predictable.
Till now you might have get confused why I am talking about fund managers and mutual funds as they are not interlinked to the topic. but think over here again is it so ? Actually not. Finance, Managing Finance and Financial Education is not limited to paying your bill, have some savings and do a little investment and earn a huge return over it but rather it is more than that.
Even there is a certain way for paying the bills, making investments and doing savings. I'll be explaining you by giving a brief summary of two legend books RICH DAD POOR DAD and THE RICHEST MAN IN BABYLON.
The both the books will help you to overcome from the myths related to finance which we all possess unknowingly and because of these myths most of you suffer from financial adversities, but never tries to learn finance and again did the same thing and again fell in the same scenario, but never tries to get the correct financial education and solve your all the problems related to finance.
In the book RICH DAD AND POOR DAD you'll find out how taxes are making you poor and ways to get rid of them and know the meaning of assets and liabilities, and trust me this is the most important thing you all need to learn. Briefly stating ASSETS are those, which put money in our pocket and LIABILITIES are those which pulls money from your pocket and also learn about the balance sheet of poor, middle class and rich people, how they manage their finance and why middle class suffer from financial adversities.
And in THE RICHEST MAN IN BABYLON you'll learn about how to manage your finance which you surely never knew and more surely it'll help you in financial problems.
YOU MUST READ THESE TWO BOOKS IN YOUR LIFE AT LEAST ONCE AND TRUST ME THESE BOOKS WILL CHANGE YOUR ENTIRE LIFE.
Till now you must have understand that managing finance is a difficult task and many people spent their life in managing their finance but you need not to do all throughout your life. You' ll only need to learn the some basics of financial education.
You must also learn to invest according to your appetite and risk taking. By getting the basic financial education, you can invest in mutual funds and index funds if your appetite is smaller or have less time to do any type of analysis and trust me they are less risky and always gives you more return than FD and other investments with government.
And if your appetite is bigger and have a lot of time you can also invest in stock by either doing Technical Analysis or by Fundamental Analysis. But remember doing the both analysis is very difficult and you must required to learn about both of them in detail. And must be cautious about learning the both from you tube or any free available learning online. You must surely learn from them but remember that you can only learn basics and theory of the analysis on both of them not the practical, exact and detail techniques and study of market and stocks.
You must learn the analysis from the mentor and the books available in stock market and especially from the letters of Berkshire Hathaway. but remember to learn the analysis takes a lot of time and also to find a idle mentor is also difficult.
One way of doing so is that you can take the help of a known investor or a person investing in stock market like Fund Managers, Portfolio Managers, Financial Advisors and more experienced persons related to finance.
And if you still think learning finance is deluding yourself then trust me, Financial education is the sole key that can bring prosperity, success and financial freedom i.e free from the tension of money management and no longer need to depend on only one source for money as it'll help you to create more than one sources of earning money.
You must learn about finance and money management to continue your rest of your life without facing any financial adversities and need no to worry about finances.
Surely you can manage your money, pay bills have savings and do little of investment but for a moment have a look over here. There are many persons who learn about finance throughout their life. You might have heard about mutual funds and Index Funds and surely invest in them in hope of better returns then FD.
But do you know that these funds are managed by the fund managers who spent their whole life in managing your finance but there are only few who are able to beat the market returns. It is not that they are inefficient but the fact is that managing finance is not a joke and the persons managing finance are not the jokers juggling the balls of finance in circus.
You might have heard about the greatest name in the world of finance and investing MR. WARREN BUFFET who says no one can beat the market as it is not predictable.
Till now you might have get confused why I am talking about fund managers and mutual funds as they are not interlinked to the topic. but think over here again is it so ? Actually not. Finance, Managing Finance and Financial Education is not limited to paying your bill, have some savings and do a little investment and earn a huge return over it but rather it is more than that.
Even there is a certain way for paying the bills, making investments and doing savings. I'll be explaining you by giving a brief summary of two legend books RICH DAD POOR DAD and THE RICHEST MAN IN BABYLON.
The both the books will help you to overcome from the myths related to finance which we all possess unknowingly and because of these myths most of you suffer from financial adversities, but never tries to learn finance and again did the same thing and again fell in the same scenario, but never tries to get the correct financial education and solve your all the problems related to finance.
In the book RICH DAD AND POOR DAD you'll find out how taxes are making you poor and ways to get rid of them and know the meaning of assets and liabilities, and trust me this is the most important thing you all need to learn. Briefly stating ASSETS are those, which put money in our pocket and LIABILITIES are those which pulls money from your pocket and also learn about the balance sheet of poor, middle class and rich people, how they manage their finance and why middle class suffer from financial adversities.
And in THE RICHEST MAN IN BABYLON you'll learn about how to manage your finance which you surely never knew and more surely it'll help you in financial problems.
YOU MUST READ THESE TWO BOOKS IN YOUR LIFE AT LEAST ONCE AND TRUST ME THESE BOOKS WILL CHANGE YOUR ENTIRE LIFE.
Till now you must have understand that managing finance is a difficult task and many people spent their life in managing their finance but you need not to do all throughout your life. You' ll only need to learn the some basics of financial education.
You must also learn to invest according to your appetite and risk taking. By getting the basic financial education, you can invest in mutual funds and index funds if your appetite is smaller or have less time to do any type of analysis and trust me they are less risky and always gives you more return than FD and other investments with government.
And if your appetite is bigger and have a lot of time you can also invest in stock by either doing Technical Analysis or by Fundamental Analysis. But remember doing the both analysis is very difficult and you must required to learn about both of them in detail. And must be cautious about learning the both from you tube or any free available learning online. You must surely learn from them but remember that you can only learn basics and theory of the analysis on both of them not the practical, exact and detail techniques and study of market and stocks.
You must learn the analysis from the mentor and the books available in stock market and especially from the letters of Berkshire Hathaway. but remember to learn the analysis takes a lot of time and also to find a idle mentor is also difficult.
One way of doing so is that you can take the help of a known investor or a person investing in stock market like Fund Managers, Portfolio Managers, Financial Advisors and more experienced persons related to finance.
And if you still think learning finance is deluding yourself then trust me, Financial education is the sole key that can bring prosperity, success and financial freedom i.e free from the tension of money management and no longer need to depend on only one source for money as it'll help you to create more than one sources of earning money.
You must learn about finance and money management to continue your rest of your life without facing any financial adversities and need no to worry about finances.
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