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are you financially educated ? - if so, help me do so as well...

Discussion in 'BlackHat Lounge' started by h3rmit, Dec 18, 2014.

  1. h3rmit

    h3rmit Newbie

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    hey people, what's up? hope everyone's doing OK! I wanna start to educate myself financially, guess you're not surprised to hear that, coz I'm aiming to be a businessman. My question is a bit blur when I say financially - I want to cover subjects like how money/banks work, currency, taxes, economy and stuff like that. I'd like to avoid mistakes in the future, for that, I need education that is at least somewhat good. I found a good series of videos on youtube, which I'm going to watch now (can't post links yet, just type this - "Currency vs Money - Hidden Secrets Of Money Ep 1 - Mike Maloney" and follow from this video, seems like a good channel (not mine and not trying to promote it ofc).). But I need to dig deeper, is there any book you'd recommend, or a website? anything will do, I just wanna change faculty at my uni just for that and tbh, what they teach is completely irrelevant to economy and business. Any advice will be appreciated. I'm a huge fan of self-education.

    Edit : Don't think I haven't Googled yet, it's just that I wanna follow steps of those who have learned it themselves online.

    Thank you!
     
  2. Buzzika

    Buzzika Jr. VIP Jr. VIP

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    There will be a course starting on coursera called "Introduction to Finance" by Gautam Kaul.

    I took the course last time, but did not finish it. It was really great for whatever little part I took.

    Paul Graham has a rather good essay on Money vs Wealth : http://paulgraham.com/wealth.html
    Also this: http://paulgraham.com/gap.html

    Plus you can read Robert Kiyosaki's books if you are looking for something easier to digest.
     
  3. tony_d

    tony_d Elite Member

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    You're wasting your time.

    Don't make the mistake of thinking there's shit you can learn in order to 'be prepared' for whatever might happen in the future.

    Just go ahead and do whatever business you're planning on doing - that's the ONLY way to learn.

    Just deal with whatever happens, when it happens. And in doing so, you'll realize that actually not that much stuff happens that you could have benefited being prepared for by way of some book, AND, whatever does happen is not what you could have ever expected anyway, and your only real skill is the ability to deal with whatever arises.

    Time wasted reading and trying to 'get prepared' isn't going to pay you back - ever.
     
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  4. h3rmit

    h3rmit Newbie

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    Thanks for replying but you got it all wrong, I'm not preparing for an economic crisis or a business crash. Education is power, why wouldn't I want to educate myself ? If I'm in this business, I want to know everything around it, every inch... this way, I'll push forward much faster.

    But foreseeing problems and avoiding them is much better, is it not ?
     
  5. Trepanated

    Trepanated Supreme Member

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    If I were you I'd put all your efforts into making the money first.

    Worry about what to do with it once you have it
     
  6. BHopkins

    BHopkins Moderator Staff Member Moderator Jr. VIP

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    How old are you OP? Unfortunately our education systems leave people without the basic fundamentals such as managing a checking account, paying bills and even saving to pay taxes. Kudos to you for wanting to learn more.
     
  7. ddederick

    ddederick Jr. VIP Jr. VIP Premium Member

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    Mix these tips with education. That's the best way, I guess. Educating + not taking action = FAILURE. Taking action + not having any knowledge = FAILURE (in most cases).

    Start your business right away and read books or watch videos in your free time. I recommend books from Robert Kiyosaki, T. Harv Eker, Jack Canfield, Napoleon Hill, Chris Guillebeau,....
     
  8. christianbed

    christianbed Jr. VIP Jr. VIP

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  9. h3rmit

    h3rmit Newbie

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    Thanks to all of you who replied... I'm 21 yo, I'm an IMer and quite successful with it, but want to invest in offline projects in the future.. since I don't attend uni anymore, I have some free time on my hands and the best decision would be to invest it into my education right now. also, when I say I wanna learn about economics and stuff, I may sound like a douche, but I do understand how everything works, but I'm going to dig deeper.

    I have found quite a lot of sources, from this thread, plus other sources. Thanks a bunch!

    christianbed, nope I'm not from Singapore, I'm from Georgia (not a state - country) :p