If we are talking about handling finance and management on your own, you will find many so â€“ called finance experts to advise you, but itâ€™s hard to find good advisors in this field. Why canâ€™t you learn few things on your own? What exactly do you need to be self-taught? Few essential books can introduce you to the world of finance and management.
There are few books which can help to get all your accounts in order. But, thereâ€™s always a question, is it better to learn from a finance expert or to learn from books. Well, for the fundamental concepts of finance and money management, you can consult few well-known books in the market. Radio, TV programmes can also be of help.
Finance is not something we learn in our syllabus in school, but you can become a successful finance expert if you take some help from books and other sources. But also, you need to have few basic things in you to be a self-taught finance expert –
- The quest for knowledge
This is the primary requirement when you are learning a subject on your own. You need to be that much interested in the subject that you take time from your busy schedule for studying. As a newbie, first, try to learn all the terms and conditions commonly used in finance and money management.
Every simple term and conditions can get more and more complicated in this field, so you should at least have the basic knowledge before starting your business. Learn the commonly used language utilised in the field. If you want to grab a hold on the subject, learning the lingo will be the first step.
Once I heard a parent saying their child is showing interest in the finance management and reading the books on the subject. They sounded pretty worried, but I think itâ€™s a good sign that kids are showing interest in this field these days, you always need someone to follow your legacy, isnâ€™t it? You can also have a look on this article â€œMy child is completing her homework on time. Do I need to worry?â€
- Books for Beginners
There are well-known books in the market for the basic knowledge. Self-help books are also available. If you finish off two or three books for the beginners, by that time you will know what the specific things you want to learn further are. There are numbers of professional websites which can help you out with this.
Online help is always useful when it comes to self-teaching. They will provide you as much information as you need on a particular topic. There are online tutorials also to coach you. In fact, there are numbers of companies who provide you free information online but always get it double checked. If you are a first timer, itâ€™s quite easy to fool you.
- Use the technology as much as you could
Apart from the books and online tutorials mobile applications can also be of use. Several mobile apps are designed to give you customised tips on finance and money management. If you sync all your accounts, it will give you guidelines on saving and using your money smartly. In fact, some of these apps are accessed by the financial experts all over the world.
- Take help from media
There are numbers of programmes on TV and radio, where finance experts from any corner of the globe come and discuss money matters. As a newbie, those shows can be valuable.
- Attend Seminars
Books can be of great help, but why leave the other sources of information? I am sure your locality will have seminars and boot camps all around the year. These seminars can be a great investment to start afresh. Most of these workshops are for the whole day, and they discuss different genres of interest in finance.
If you have already completed the important chapters of money management, you know your area of interest. Attend those seminars to get a practical look out on the topics.
- Talk to the professionals
This is the greatest part of participating in a seminar; you can talk to any professional. They can give you suggestions on your personal money management and allows you to take hold of insight into the market if you have missed some of them in the books.
- Hit the books again
Learning is a prolonged process. It does not happen overnight; in fact, two or three books are never enough to study something extensively. If you have done the basic books, try learning more complex concepts of finance.
You can always subscribe to several journals and magazines to get a realistic insight into the market. If you have come this far, I am sure you have already fell in love with the subject and will continue the desire for knowledge.
Hit the local library; they might have a few complex books on finance. If you have mastered the basic concepts, you can learn more as well. Newspapers can also help you out as they publish professionalâ€™s interviews and their tips on personal finances very often.
If you want, you can always go for some certified finance courses, but mostly, it seems quite impossible to take out time from anyoneâ€™s schedule for a course. That is why you should rely on the books and journals. They teach you the basic concepts and also provide you elaborate theories of learning.
The financial services keep on changing every day, so you have to be updated. You need to learn the development and evolution of the mutual funds and investments consistently.
In this industry, there is always something new to consider or something more complicated to deal. You have to be prepared for anything that comes your way. If you have stepped into the field, you have to keep all the information at your fingertip. So good luck!