• Harry N. Stout

Improving Financial Health: Taking Time to Learn About Money

Updated: May 22


If you are really serious about improving your financial health, I can’t stress enough that you need to spend at least two hours per week viewing, reading or listening to financial-related news and information. To become an educated traveler in the FinancialVerse, you must understand the economic environment we face, the new events impacting your money, the products and services available and the consumer trends moving the markets. I get my information from a variety of sources, here are my recommendations.


Websites That Can Help

I have selected sites that I believe focus more on personal financial issues versus those that look at starting a business, entrepreneurial ideas and business management. Find one or two you really like, and consistently visit them.

Publications Worth the Read

I read several financial publications on a regular basis, reading the daily, weekly or monthly issues of the publication. They provide great sources of information, practical ideas and suggested strategies for what can be done with money and how to address certain financial risks. The key publications are:


Podcasts

I am an avid listener to podcasts and subscribe to about thirty on a regular basis. You can listen to them on your phone, desktop or tablet while you drive or exercise; I usually listen to them as I complete my morning walk. If you are new to podcasts, you can subscribe to them using Apple Podcast, Google Play, iTunes, Spotify, SoundCloud, and the Stitcher applications, for example. These applications are free to access and use. I have chosen these podcasts based on my experience with the quality of topics discussed and keeping my interest.

Resources You Should Consider in Your Education

There are a number of other financial resources available on an online basis to assist you with your journey including financial-planning software, financial calculators, detailed product information, retirement income, and investment-planning applications.These applications can be obtained from your local banking institution, LifeHappens for life-insurance-related materials, Life Insurance Marketing and Research Association (LIMRA), the Employee Benefit Research Institute (EBRI), the Bureau of Labor Statistics (BLS), and from investment management companies such as Fidelity and Charles Schwab. For the latest list of resources go to the resources tab on the FinancialVerse website.


Summary

Education is key to improving your financial health. If you were looking to improve your diet you would read nutritional publications and resources. For money matters there are numerous quality publications, websites and podcasts for you to enjoy in your journey.


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