Financial Education Made Easy

What an interesting topic !!!! We all invest a lot of money and time to become Engineers , Doctors, Lawyers and other professionals but during the course of these different educations we all are hardly taught about how to become financially free. By the time, we know the importance to it , we are late in the game.

I will admit myself, at least I am late in the game but its never too late. My motto of building this website is to share my learning early so that other people do not feel late in the game. This is such a wide topics that its impossible to cover all topics in one go.

Some of the topics are very simple and its all about having the knowledge and taking the right decision at right time and its time sensitive decision, like investing in ROTH IRA in early career is all about someone educating and showing power and benefits of it. If you are late in taking decision on start investing in ROTH IRA , you can not recover it even if you have more money at later part of the career. Similar to this there are several aspects of financial education which we are not aware and not able to manage our finance smartly.

My mission of building this website is to share Financial education in very simple language.

How To Build A Stronger Financial Education

There are several steps individual can take to compound their own financial literacy. The following list represents some of the best ways to learn the ins and outs of money, and how it relates to the real estate world:

1. Proactively Seek To Educate Yourself: Financial literacy is the direct result of education. The more investors strive to learn, the higher degree of financial literacy they’ll exhibit. However, it’s not enough to simply take note of experiences and to read the occasional book. In order to truly build a stronger financial education, investors must become students of the craft; proactively seek out opportunities to build on your financial education. Proceed to read books, attend classes, go to seminars, learn from mentors, and anything that may further your own financial literacy. There are also a number of free resources made available to investors. It is entirely possible to glean insightful information from a blog, or even talking to fellow investors.

2. Focus On A Single Niche: As I have already alluded to, there are a number of concepts that belong under the financial literacy umbrella, from insurance to retirement and tax planning. It can be quite easy to get overwhelmed in your initial endeavors. Instead of overwhelming yourself, however, simply focus your attention on one particular niche. For example, instead of learning everything you can, pay special considerations to tax planning or compound savings. When you are able to focus on a single concept, it’s much more likely to resonate on a higher level for you and your company. That’s not to say you can’t expand your financial literacy in other areas, but rather that it might be more efficient to start with a single concept.

3. Don’t Reinvent The Wheel: The real estate industry is full of people that are well versed in the most critical aspects of the financial landscape. In fact, there’s a good chance today’s most prolific investors can thank their financial literacy for their success. To give yourself the best odds of replicating a similar success, seeking these individuals out as mentors could benefit your own financial education. There is absolutely no need to find a new, unproven method of learning about the most complex financial aspects of real estate. Instead, learn from those that have come before you and already know what it is you would like to learn.

4. Partner With Financially Literate Investors: Whether you are new to the world of real estate investing or are a seasoned professional, there’s almost always something to be gained from partnering with a financially savvy investor. The industry is complex and there is always something new to be learned. The easiest way to insure you pick up new information pertaining to financial literacy may simply be working with the right people. That said, vet your next partner and make sure they bring something to the table you don’t. A truly great partner is someone that compliments you––not someone that mimics your own skillset.

5. Practice On Paper: Experience has proven to be a useful educator, and it will certainly help investors hone their financial literacy. However, experience may concede with risk at times. Therefore, I recommend practicing any of the concepts you learn ahead of time––before you apply them. Stock market investors, for example, will often refrain from investing a penny before they are comfortable with the process. Instead of using real money, they will practice on paper with fake accounts and capital. This way, they can scrutinize their own investment strategies without risking any of their own capital. It’s a relatively simple technique, but very effective, and there’s no reason real estate investors can’t use it to increase their own financial literacy.

Last but certainly not least, be a life long learner and invest in yourself to learn new technology like Salesforce. I covered wide topics on this website but my primary focus is to share my experience on Salesforce Technology and help organizations who are using Salesforce or planning to implement Salesforce. We are Salesforce trailblazers who are passionate about Salesforce Technology and helping the community to improve the state of the world. I want to dedicate my life to learn everything related around Salesforce.