EdX is an online learning platform created by Harvard University and the Massachusetts Institute of Technology. Some of the courses you’ll find include “Stocks Versus Other Investments,” “Methods for Investing in Mutual Funds,” “Determining Your Asset Mix,” and “Introduction to Government Bonds.” Each course takes about 10 minutes and is followed by a quiz to help you make sure that you understood the lesson. Morningstar Investing Classroom offers a place for beginning and experienced investors alike to learn about stocks, funds, bonds, and portfolios.Learning to restrain spending on non-wealth-building assets until after you’ve met your monthly savings or debt reduction goals is crucial in building net worth. Earning $250,000 a year won’t do you much good if you spend $275,000 annually. Time and again, financial planners sit down with successful people who still manage to spend more than they make. Restraining Your Spending: This is the final big-picture skill of successful business management that must be applied to personal finances.While there is a place and time for taking a flier, running your finances like a business means stepping back and honestly assessing the potential costs and benefits of any new venture. Ambitious individuals always have a list of ideas about other ways that they can hit it big, whether it is a side business or an investment idea. Assessing the Costs and Benefits: This key skill keeps professionals from spreading themselves too thin.Finance Prioritization: This means that you can look at your finances, discern what keeps the money flowing in, and make sure that you stay focused on those efforts.
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