Understanding Finance, Starting At Scratch


Understanding finance when you have very little knowledge can be daunting and intimidating. Questions like, “How should I invest?” or “Should I pay off my mortgage?” can seem so difficult to answer. But don’t fall for it.  This is not rocket science and I guarantee that if you really want to understand how investments and money work, you can.  And it’s easier than you think.

When I first started blogging I was pretty impressed by the quality of what other bloggers were putting out. I assumed they were seasoned professionals like me…but I was wrong.

Most of the people writing about personal finance are in fact not professional financial advisers.

Maybe that’s why their quality is so high. Regardless, when I realized this fact, I was blown away.

I follow about 30 personal finance blogs, and every single one of them provides good analysis, unique insights and useful tips.  I learn something from these other blogs every day.

So I asked myself, “How did these people become such experts?” The biggest and most successful bloggers (Get Rich Slowly, Simple Dollar, Free Money Finance, Five Cent Nickel & Frugal Dad) were not professional advisers yet have amazingly helpful posts.

How did these guys do it?

Then it hit me…

I discovered how they mastered the art of personal finance without having any prior education or training.  More important, I discovered how you can apply their secrets to master personal finance yourself…or any other subject you desire.

Watch this quick four-minute video and learn from the masters and most successful bloggers in the world.

 

 

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{ 5 comments… read them below or add one }

Wojciech Kulicki July 29, 2009 at 4:05 AM

I totally agree with your video, and had the same experience.

I thought I knew a lot – but I realized I really knew very little and learned as I went. :)

Reply

chris carmody July 29, 2009 at 6:05 AM

I think you are very right or is it write. I a member of a very Bible based community, none of our members have divinity degrees, but as they read and write their thoughts down in preparation for talks and studies, there is a keen understanding of Scripture. I think it works.
My big problem at the moment is I read too much – therefore more writing is needed.

Reply

Abel July 29, 2009 at 6:24 AM

WOW, thank you. I have been following your blog and a few others for only a couple of months. This post inspired me… thanks.

Reply

Neal July 29, 2009 at 6:30 AM

Wojciech/Chris – thanks for sharing your experience. I guess it’s not such a nutty idea after all!

Abel, excellent…do you have a particular subject that most interests you? Is it personal finance?

Reply

Abel July 31, 2009 at 6:40 AM

Neal,
I’m a recent second-time Dad. Now more than ever, I feel the responsibility of being financially sound. The problem is, up to this point, I’ve made poor decisions (cc debt etc.). I think the subject that most interests me IS personal finance, most specifically, better decision making and debt paydown.

Reply

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