How I learnt Personal Finance by myself?
A Thread🧵
#threadbytradersushma
#personalfinance #financialeducation #weekendreads
I got introduced to Personal Finance by ET Wealth in 2012. It was a special magazine issued by Economic Times on Wednesdays dedicated specially to this topic. It created such an interest in me that I could not wait for the next edition.
After a long hiatus I bumped into this marvellous book called "Let’s Talk Money" by @monikahalan in 2019. This book is specially dedicated for Indian investors & a must read on money & finance. It contains some eye-opening facts about insurance products.
I have a library of more than 1000 books mostly on trading, investing & finance. From that sea of books my husband suggested few bests of the best reads.
“One up on Wall Street” by Peter Lynch was one of them. This book is just superb for equity investors.
Next one on the list was “Safe Strategies for Financial freedom” by Van Tharp.
Financial Freedom in the most objective sense has been explained in this book. U can actually be coached by this book & make your own financial planning. It’s a complete guide towards FF journey.
Next came the enlightenment of "Compounding".
My husband has always emphasised the imp of compounding, but I could only understand it better when I myself started doing CI calculations in excel. This proved to be a turning point in my financial education journey.
Till now my education was all theory & now I had some practical things to do. I used to watch Utube videos to help me with excel features. I started having fun doing all the mathematics.
Next big thing was Asset Yogi. Got to know about him on twitter. Watched few videos & knew immediately that it had quality content. His videos r pure information in simple language with no nonsense & idle talks.
I’m still learning as it is an ongoing process. But now I am better educated & well-informed than earlier to take my financial decisions. All thanks to my guide – my husband who persuaded me to this field & encouraged me to read & be well versed.
We learn various subjects throughout our academic life – Science, Arts, Computers etc but nowhere during this journey “Money Management” gets its place.
Personal Finance is such a subject which has to have its place somewhere in our teenage itself.
Developed nations have already started incorporating this subject in their high school curriculum. Hopefully we will also see this subject get its due credit in coming days.
That's all for this thread.
If u liked it, RT the 1st post of this thread for wider audience. Meanwhile follow @tradersushma for more such finance related topics.
Thank U!
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