Finance can be a very interesting world in which to operate. Knowing how your own finances work is just the tip of the iceberg. That’s all fine and good, but how are you supposed to ensure that your financial education is a good one?
Independent Education and Investigation
Many people find that they can get the information they need the most through the resources their own searches on Google turn up. For example, if you’re trying to figure out the best savings account interest rates you may want to visit the site https://www.discover.com/online-banking/savings-account/.
You can also learn the basics of investing, budgeting, saving up for retirement, etc through your own investigations.
Of course, this doesn’t mean that independent web based investigation is automatically the best way to go.
For one thing, it’s important to consult several different sources (preferably ones that are not all linked together) to ensure that the advice and information you are reading is sound. Remember: anybody can put up a website and make it say anything they want. This gets even more dicey if there are multiple contributors to a single site. Some call this “The Wikipedia Factor.”
What About Your Career?
Believe it or not, you can also pursue careers in finance online. There are lots of different schools (like the University of Phoenix) that help students get the education and degrees they need to become financial professionals.
The benefit of working with an online school, as opposed to a traditional institution is the level of independence and flexibility it offers:
Instead of having to schedule your life around school, you can schedule school around your life. This works out particularly well for parents and people with full time jobs who might not be able to take classes during the day.
The time commitment is what you make it. If you blast through an assignment quickly you can do the reading for and move on to the next. You don’t have to sit through a lengthy lecture that goes over because someone in your class is having a hard time grasping the discussion topic du jour.
Some people don’t learn well in traditional environments—online school allows you to learn in whatever environment you find the most comfortable.
You can have as much or as little contact with the professor as you need. This is often difficult for students who need lots of hand holding. For someone who works best independently, though, it is ideal.
The degree you earn from an online university or financial educational program is just as legitimate as those you would earn from a traditional institution. Why wouldn’t you go with the environment that is most conducive to your success?
The primary point here is that you want to learn more about finance. Savings account interest rates change over time and you need to know what those changes mean. Choosing between independent investigation and a classroom environment is going to depend primarily upon your ultimate goal. If you just want to learn how to better manage your money, going at your own pace with Google as your guide is probably sufficient. If you want to manage other people’s money, though, it’s probably time to start looking into going to school (online or traditional).