Personal Finance 101: How To Teach Yourself to Succeed with Money

Personal Finance 101 is the beginning steps you can take to really become self-sufficient with your money. It will include various areas like understanding expenses, how to create a budget, saving for retirement, investing basics, and more. 

Changing Your Money Mindset

Your understanding of personal finances and dedication to managing money has to start with the right mentality. Otherwise, it won’t be a priority to you nor will you dedicate time to learning. 

Personal Finance 101: Teaching Yourself About Money

1. Create Financial Goals

If you don’t know your financial goals, it might be hard to know where to start learning or why you are doing this in the first place.

Personal Finance 101: Teaching Yourself About Money

2. Numbers On A Spreadsheet

I’m talking your salary, monthly take home, total monthly expenses, what you have saved (if anything), what you have invested (if anything), etc. Nothing fancy needed, just a simple and organized data dump of this info. 

Personal Finance 101: Teaching Yourself About Money

3. Read Personal Finance Books Based On Your Goals

You want financial knowledge? Then reading books about money is crucial. The idea of reading books — especially about finances — may sound like a snoozefest to you.

Personal Finance 101: Teaching Yourself About Money

4. Read Personal Finance Blogs

These blogs can help you think differently and understand the personal finance basics from people who are not always authors or industry experts.

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