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5 Valuable Finance Lessons That You Need to Know

Finance plays a major role in everything you do.

If you understand the basics of finance, you will accumulate more wealth and have a better life.

And understanding finance isn’t as difficult as you think.

I put together this list to help get you started.

Live Below Your Means

If you remember nothing else from this article, remember this one.

Don’t try to keep up with your neighbors or friends and their purchases.

You don’t need a new car if you have one that works.

You don’t need to max out your budget to buy a big house.

Live within your income level.

You are as qualified as some financial professionals

These greats of finance can be intimidating.

Some of these people are brilliant with high IQ’s.

But most of them worked hard to get where they are.

That’s good news.

Because you can work hard even it you aren’t as smart as you would like to be.

Don’t Listen to the News

The news just wants eyeballs on their articles.

So they write headlines to get you to click.

Most of their articles are dramatic and sensationalized.

If you make decisions based on the news, your decision will be a knee-jerk reaction.

And it will turn out poorly for you.

Don’t Listen to the “Experts” Either

Everyone has an opinion and knows what stock will be the next Apple.

Don’t listen to them either.

They may not be as qualified as you think.

But even worse than that, they may have an agenda.

They may own a bunch of stock they want to unload so they push it to their followers.

Read About Finance

I know. Reading about finance is boring. I get it.

But it will benefit you exponentially.

Here are a few good ones:

  1. Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!ir?t=jrbarnes84-20&l=am2&o=1&a=1612680011 5 Valuable Finance Lessons That You Need to Know by Robert T. Kiyosaki
  2. The Total Money Makeover: A Proven Plan for Financial Fitnessir?t=jrbarnes84-20&l=am2&o=1&a=1595555277 5 Valuable Finance Lessons That You Need to Know by Dave Ramsey
  3. The Millionaire Next Door: The Surprising Secrets of America’s Wealthyir?t=jrbarnes84-20&l=am2&o=1&a=1589795474 5 Valuable Finance Lessons That You Need to Know by Thomas J. Stanley
  4. The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) (Collins Business Essentials)ir?t=jrbarnes84-20&l=am2&o=1&a=0060555661 5 Valuable Finance Lessons That You Need to Know by Benjamin Graham
  5. Common Stocks and Uncommon Profits and Other Writingsir?t=jrbarnes84-20&l=am2&o=1&a=0471445509 5 Valuable Finance Lessons That You Need to Know by Philip A. Fisher

Fair disclosure here.  I make money if you click those links but I wouldn’t recommend them if I didn’t believe in them.

They are great books that will teach you a lot.

Summary

Finance impacts everything you do.

There’s just no getting around it.

Understanding and accepting this will make your life much better.

And using these basic lessons will help you make better financial decisions.

You can make better financial decisions.

It’s not as hard as you think.

Can you think of any other financial lessons you should know?

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6 Comments

  1. I constantly spent my half an hour to read this webpage’s articles daily along with a mug of coffee.

  2. Pretty nice post. I simply stumbled upon your weblog and wished to mention that I’ve really loved browsing your blog posts. After all I’ll be subscribing in your rss feed and I’m hoping you write once more soon!

  3. First off I want to say wonderful blog! I had a quick question in which I’d like to ask if you don’t mind. I was curious to find out how you center yourself and clear your thoughts prior to writing. I’ve had a difficult time clearing my mind in getting my thoughts out there. I truly do enjoy writing but it just seems like the first 10 to 15 minutes are usually lost just trying to figure out how to begin. Any suggestions or tips? Appreciate it!

    • Joshua

      March 29, 2017 at 4:34 am

      Thank you for your comment and compliment. I have the same routine every morning. I write at the same time, in the same chair and on the same computer. It won’t help initially but your mind will get used to it and writing will become easier because of it. It also helps to really enjoy the topic you write about.

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