How do I get started on being financially literate?

Hey there, kudos to you for having this notion of improving your financial situation! As the saying goes "An expert in anything was once a beginner."

It is normal to feel lost and the solution... ?

Simple, an insatiable thirst for knowledge and the right aptitude. Education is key to becoming more financially literate. Once you internalise the true reason(purpose) of managing money well, you will succeed.

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To expedite your learning curve, here are some suggestions:

1. Read and learn something new about finance daily. A book I highly recommend is "Secrets of the Millionare Mind" by T. Harv Eker
2. If you are an audio learner like me, you can learn from youtube.
3. Start saving! Put aside money and live frugally. Your 20s are for you to save and compound this savings for a easier retirement or use the funds to start a family.

Hi! It’s great that you are starting to think about it at 21. It is so weird that our schools and colleges don’t educate about one of THE most important part of our lives - FINANCIAL LITERACY.

There are a bunch of things when it comes to financial literacy. But before you start to read out stocks and equities and debt instruments etc.. I would recommend building the right mindset first.

The two books that helped me immensely were:

• Rich Dad Poor Dad
• The intelligent Investor - the book can get a little heavy on technical terms but focus on the thought process here.

Once you have mastered your mind when it comes to investments .. then the financial world is easy. I think people complicate it a lot more that it needs to be because their job depends on it.. haha

There is a famous saying : It’s much easier than what most people think to get the average returns from the market. And it’s much more difficult than what most people think it is to beat the market.