In the FinancialVerse – A Common Sense Approach for Your Money, there are 10 Must Do’s to manage your financial life. The first of those is to spend two hours per week (Spend2) learning and studying the world of personal finance. Knowledge is power. You must make boosting your financial literacy a priority.
As with all goals, it’s a good idea to break it down into smaller, actionable steps. Two hours per week is only about 17 minutes per day. All the information you need for little or no cost can be accessed from several key sources that include websites, podcasts, and printed publications.
Stop Leaking Cash by Becoming Financially Literate
Tune in to this episode of Optimal Finance Daily to hear Harry Stout share his thoughts on how to stop leaking cash by becoming financially literate.
Listen to Optimal Finance Daily to hear Harry Stout share his experience about changing his money mindset and how budgeting can help get you on track financially.
Other Resources to Consider
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.