5 Smart ways to increase your financial knowledge as a beginner

Kamusta ka-WAIS?

We have a guest today who is also a financial literacy advocate as mine. Billy is a friend of mine who is also helping Filipinos to achieve their financial goals in life.

Let’s get it on. Enjoy reading!


So you now realized the importance of financial literacy and want to start your journey to financial freedom. What’s next?

If you’re a beginner, it is crucial that you equipped yourself with the right mindset and knowledge to make wise decision about your finances. Knowing and understanding the “facts and figures” of any financial decision you’re going to make will definitely save you headaches and wasted time, money and effort in the future.

How will you do that? How can a beginner start his way to financial freedom journey? First things first, you should study and learn the basics. Investing in yourself is the first and fundamental step to become financially literate and achieve financial freedom. Again, know the basic!

To help you get started, here are 5 smart ways to increase your financial knowledge as a beginner.

  1. Attend seminars

Attending live or online seminars (webinar) is one of the most common methods of learning. By attending financial related seminar, you’ll not only gaining real life lessons from speakers but also meeting like-minded individuals too. It can increase your awareness and knowledge about whatever financial venture you’re after at.

Some seminars are paid but there are also a lot of seminars that are free. If you think that the lessons and knowledge you’ll gain on the seminar is valuable, don’t hesitate to for it. Treat it as an investment and returns are long term.

I remember attending 2 stock market seminars before opening my stock market account 4 years ago. That decision was one of the best decisions I made about investment. I invested in myself first, you should do the same.

  1. Read personal finance related books, blogs and magazines

Reading books and blogs related to personal finance is one of the reasons why I discovered my passion in financial literacy. It fired and awaken “the giant within me” to properly handle my finances and help other people too. That helped a lot.

Learning from other people’s experiences and stories are one of the best ways to gain more knowledge and skills about your finances. Read, read, read and read!

Today, I continue reading more personal finance books and blogs to learn more. In addition, I also read personal development and entrepreneur related books and articles.

Reading became my habit and I can say that this is one of the most productive habits I have.

  1. Watch videos and related movies

Watching personal finance related videos are also one of my practical sources of knowledge. Internet has grown like a super-library where you can research and watch tutorials and related stuff to gain more knowledge and skills. Youtube and other sites have a big collection of money-related videos that can help you gain basic knowledge and fundamentals about your finances.

Pesos and Sense by Mr. Aya Laraya is a great start. It shares the basic and fundamentals of investing and other money related things.

Additionally, there are Hollywood and local movies you can watch that can contribute learning about finances and entrepreneurship that can ignite your passion too.

  1. Meet like-minded individuals

As mentioned in #1, attending seminars can be a way to meet like-minded individuals who are also searching for knowledge about personal finance. Making friends out of your passion can be a great way of learning. You can learn from their personal stories and can connect with them for future endeavors.

So when you attend financial related seminars, make sure you make friends with other people.

Apart from this, you can also meet like-minded individuals by joining forums, mastermind groups and social media groups that tackle related topics. This way, you can learn and gain financial knowledge anywhere and whenever you want.

  1. Get a mentor

Having someone guiding you who have been there is one of the great ways to save time, money and effort in any venture you’re going into. And they are one of the best teachers too.

By having a trusted mentor, there is always someone who will guide you to avoid mistakes, headaches and losing money in your journey to financial freedom. Remember, “they’ve been there, done that!”

As what they always say, a mentor’s experience is a priceless lesson.

These are the 5 smart ways to increase your financial knowledge as a beginner. There can be additional, but these are the basic ones. Some of them costs money but some can be FREE too. As mentioned, if the value you’ll get will help you move forward and closer to your financial goals, it will be worth it.

Everyone was once a beginner. If you take one step at a time, sooner than later you’ll achieve your life and financial goals. Always remember that investing in yourself is the best investment of all time. I hope this article has been helpful and informative. Cheers!


Billy Ramirez blogs at Personal Finance Tips. He shares basic and fundamentals of financial literacy and many other personal finance tips that help Filipinos in the Philippines and around the world to become financially educated. Learn more about him here.


To your financial success,

Marvin Basa

About The Author

Marvin Basa

Marvin Basa is a financial literacy advocate who helps Pinoys to have successful financial lives.

1 Comment

  • Denver

    Reply Reply May 22, 2016

    Great tips! I’m learning a lot from you and billy. Keep it up!

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