The say that Money makes the world go around, and certainly it can help you to lead a fruitful and fulfilling life. It takes care of the doctor’s bills, pays for the education of your kids, provides a nest for you and your loved ones and buys you some of the best experiences in life.
Despite the importance of money, the majority of people are not financially literate. Giving yourself an education on the workings of money, how to earn, invest and save it will enable you to make the most of your wealth. The Internet is an incredible resource for accessing up-to-date information about the financial markets at the click of a button. With enough motivation, you can get an excellent financial education by conducting some online research and utilising the free online resources and courses available.
To get you started, this list runs through some of the best tools and resources available that can help you enhance your financial literacy.
1. 10 Money Making Strategies Explained (Udemy)
The first step to building wealth is having an income stream or multiple income streams. While most personal finance blogs continually write about the several ways you can save money, saving a dollar or two a day by preceding a bar of chocolate will not make you rich. What will make you rich is having a solid income stream that can be leveraged to build other revenue streams. You need to start earning more money. This course will introduce you to ten strategies you can start applying today to start making money online. The ten strategies include freelancing, building a YouTube channel, Google Adsense, affiliate marketing, product creation and promotion, Software as a Service (SaaS), template creation, podcasting, creating a forum and email marketing. The course consists of 21 lectures delivered over 3.5 hours. You’ll be able to choose one of the strategies that fit your talents, abilities and skills to start making money.
2. Create a Budget that Works (Udemy)
To make the money you earn matter, you need to plan your financial affairs. Drawing a good budget will help you do this.
Creating a budget that works takes understanding the key components of a reasonable budget and this course will explain this to you.
The course consists of 30 lectures. It is 9 hours of solid content with no filler. People of all ages and experience will find the course valuable.
3. Money Management Skills
You need good money management skills to succeed financially. This tool will give you the tools and training you need to manage skillfully your money.
You’ll learn how to use various instruments like stocks and bonds. Also explained is how you can evaluate the suitability of different investment opportunities, so you make sound investment decisions.
The course will also help you put together a sound financial plan, which you can then execute on to start building wealth for yourself.
Professor Michael Finke from Texas University put the course together, and it is available in both video and audio formats.
4. CMC Markets
Online trading is one of the paths you can take to potentially earn more money. It involves buying and selling financial products via trading platforms online. The financial products include shares, indices, currencies and commodities like silver, gold and oil.
The platforms are availed by online brokers.
The idea is to buy these financial products at a lower rate and sell them at a higher price to make a profit.
If you want to get started in this world, this tutorial for financial trading from CMC Markets has an abundance of online learning material on forex, spread betting and trading platforms to get you started, also including a free 1-on-1 personal training demo.
Understanding how money works and how you can make your money work for you is one of the best gifts you can give yourself.
These online courses will open financial doors you may have never thought of before. Go through them, take massive action and you will certainly improve your financial situation.