Study tips also in the top 10 style 😉 Funny that I’ve only coming up with list many years after stopping studies & re-starting again to take masters. Still hopefully this helps someone out there. I wish there was a list like these many years back. So here I try!
10. Study during your peak energy level time(s) (yawn)
9. Studying just before sleeping (somehow) helps retention
8.1. Read up or at least skim through before the class. It helps to be able to focus on processing what the lecturer is saying rather than trying to process alien Greek.
8.2. Read up or at least briefly review after the class. Best way to non-study study.
7. Group studies if that’s your thing (and you have the discipline) & quick bite notes.
10. To get financially savvy, read (or skim) the Business Section in papers, financial magazines, etc. At first it won’t make sense. Over time, it will.
9. If you are with a partner, discuss finances together. It helps if one is more inclined towards spending & the other towards spending for check & balance. If you are single, learn or find a system that works. Do not trust your dog or cat as your finance adviser 😉
8. New cars depreciate very fas
7. Clothes, wine & most hobbies are not monetary investments (no matter what they say otherwise – those situations are rare & few like Detective Comics #1)
6. Invest in stocks if: A) You are interested, learned & can afford mistakes in investing B) You are substituting the word ‘investing’ for ‘gambling’
5. Else stick in Unit Trusts. (And despite the disclaimers, pick the ones with the best long-term return %)
4. The 95:5 rule apply. Following 95% of the crowd makes you lose money. Be the 5%.
3. It’s never to young to start learning (or teaching) others on saving & investing.
2. It’s never really too late (and you wouldn’t be reading this article if otherwise…)
1. Pay yourself first is (still) the most important rule of all!
What did you think of the Top Ten Finance Tips list? Any other great finance tips that I missed out?