3 Simple ways to grow your personal finance knowledge

This week guest contributor Kris from Knowthymoney shares his secrets about ways to grow your personal finance know-how!

 

Knowledge
is indeed power! And with the correct knowledge and skill set, money is
everywhere for the taking. So what is the best way to gain financial knowledge
without burning a hole in your pocket by attending expensive seminars and
trainings? Here is KnowThyMoney‘s list of tricks to better personal financial management.

Be an
avid reader

It’s important to be well read in anything finance related. It is not true
that information overload will occur with the age of technology and the world
wide web. Every article/book is written in the author’s perspective view on the
subject matter and thus, there will always be differences to opinions and approaches that you can learn from. The main advantage of being an avid reader, is training your
mind to view things from different perspectives, hence developing out-of-the-box thinking.

Find a
good mentor

Most people
take for granted the importance of finding a good mentor in life. Having a
mentor can save you a lot of time and ease the learning curve by avoiding the usual
mistakes people make in their personal finance journey. Multiple
expert mentors from diverse backgrounds is truly a blessing. The hard part is of
course finding a good mentor that is really interested in helping you growth and reach your financial (and personal) goals.

Action! Action! Action!

Knowledge
without action is useless. So don’t fear failure, just take the plunge to do
something after you have planned it out. If you never try , you will never
know whether it will succeed or not. Regret is the worst thing to endure in life.

So here
you have it. Knowledge is key. So Know Thy Money so you can make your money
work for you instead of being a slave to it.

This was brought to you by Kris from financial portal, KnowThyMoney.

 

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