It’s the one thing they never teach in schools, but you need to know the most: finances.
Perhaps you’ve already begun your journey to understanding the world of finances, or perhaps this is your first step.
Either way, these 3 easy steps will help you become a finance genius.
1. Take a trip to the bookstore
Every library has a section dedicated to finances, and you’d be surprised how many books on the topic are tailored to your needs.
There are dozens of best-sellers on the topic of money (stock market picks, real estate, building a business, the mindset to become rich etc.) that are made to be entertaining and informative!
If you are overwhelmed by the choices, just ask a seller at the bookstore, and they’ll be able to recommend some great options.
2. Keep an eye on the stock market
With some knowledge under your belt from the new financial section of your personal library, you’ll have enough knowledge to begin to understand the stock market!
There are several websites that provide updates on the movement of the market as a whole and individual stocks that are just a google search away.
If the options are overwhelming, you can always narrow down what you are looking at.
Start with watching the news, reading the financial section of the newspaper, and signing up for one of our services for updates on market movements.
By using these sources, you’ll be able to hone in on stocks that can make you huge profits.
It will also allow you to understand the way the market works, so that YOU can start making money off of it.
3. Keep detailed records
This is the big one. Hopefully you have some sort of record keeping system in place already, but if not, now is the time to start.
If you already have one, how specific is it?
You should know your budget and your spending, broken down to all your individual transactions.
Not only does this ensure that you catch any signs of extraneous charges, but it also helps you to see where you are spending your money, so that you can cut back on unnecessary expenditures.
You should also keep records of all your investments, including when you start trading like a pro in the stock market.
If you follow these 3 easy steps, you can be a monetary genius in just weeks!