Educate yourself to make better financial decisions
You’ve probably had someone tell you that you have to find some way to make your money “grow”. These tidbits usually drop from the mouths of your more affluent friends who constantly astound you with their savvy investments, derivatives, and all manner of financial instruments. You know, that one friend who bought a house with the profits he made off the stock market?
For the rest of us mere mortals who don’t know our hedge funds from unit trusts, this might be the time to get educated. We all want to achieve some semblance of financial security, but a regular savings account is a slow way to do it.
The widespread availability of massive open online courses (MOOCs) from sites like Coursera, edX, and Udacity means that anyone with an Internet connection can take structured courses in their topic of interest. So if you wanted to learn more about finance in order to make smarter decisions, you could look at a course on edX simply titled “Finance for Everyone: Smart Tools for Decision-Making” that equips you with the skills to evaluate the realworld impact of important choices like whether to rent or buy a home or car.
A simple search on any of these MOOC websites will yield a number of courses for you to pick from. The best part is that some of these courses are self-paced, which means that you aren’t bound by the onward march of the syllabus of a regular class and can fit your learning around your work schedule.