How to develop financial literacy as a college student?
March 16th, 2010 | by admin |Mütiilation asked:
I’m a college student, but I’ve never worked other than doing volunteers and I’ve been very dependant on my parents. I’m going to start working but I also want to develop financial literacy. What are the good ways in your guys’ opinion? Any websites?
I’m a college student, but I’ve never worked other than doing volunteers and I’ve been very dependant on my parents. I’m going to start working but I also want to develop financial literacy. What are the good ways in your guys’ opinion? Any websites?
2 Responses to “How to develop financial literacy as a college student?”
By Yogaboy on Mar 18, 2010 | Reply
There is a book called “Rich Dad, Poor Dad” that was a good starting point for me.
By Desk3Bound on Mar 20, 2010 | Reply
1. Find a friendly bar or convenience store that has state lottery KENO. Teach yourself financial discipline by learning how to win money or lose money at KENO without panicking. Small $1.00 bets can be very informative because you can apply a stock-broker’s approach to KENO and analyze its PSUEDO-RANDOM NUMBER GENERATOR (which has predictable output streams). Also learn as much as you can about Probability and then watch the KENO game with a more trained eye.
2. Join an investing club in your college.
3. Read the WALL STREET JOURNAL at least three times a week, and look up the terms & concepts you don’t understand. Its filled with business jargon. Write these down in a notebook.
4. Read biographies of both: Jesse Livermore and Warren Buffett, becaue they both have opposite approaches to the stock-market and both were extremely successful. Livermore ‘plunged’ into Growth Stocks; and Buffett is into a ‘Buy & Hold’ strategy.
5. Go to INVESTOPEDIA on the internet and browse.
6. Join a stock market game on the internet: real stock market but fake money, and learn how to buy and sell stock and bonds.