There’s no doubt about it: the age of the internet has changed how we get information. It used to be harder to find great resources on financial literacy because there weren’t as many, or because they weren’t always available. In today’s world, the problem is the opposite; we’re bombarded with resources all the time, and it can become so overwhelming we don’t even want to start.
The trick to getting situated is finding the right few resources that will start to guide you on your own journey. It won’t look like anyone else’s journey in the end! But that starting point can help make sure you find your footing right away.
Today, I want to share some impactful resources that have helped me (as well as other entrepreneurs and even extremely successful business owners you’ve heard about). This is a great starting point for you to start (or continue) your financial journey.
Online Courses: Learn at Your Own Pace
Online courses are nice because they break down a process step-by-step and help you apply it to your business and situation. For example, our Cash Flow Masterclass is designed to help you understand your current cash flow situation, set new targets, create new systems and processes to manage your cash flow, and then make all of it extremely easy and repeatable.
Books: Timeless Wisdom
Books—some new and some old!—can be a great way to support your financial journey. Local libraries are still a great way to get your hands on the classics, but you can also find platforms that allow you to download digital books, ship paperbacks and hardcovers to you directly, or even listen to audiobooks.
A few great reads for anyone who wants to positions themselves better financially include:
- “Profit First” by Mike Michalowicz: A practical guide on managing business finances to ensure profitability.
- “Rich Dad Poor Dad” by Robert Kiyosaki: This book offers a unique perspective on wealth building and financial independence.
- “The Intelligent Investor” by Benjamin Graham: A classic that teaches sound investment principles.
Podcasts and Blogs: Learn on the Go
If you prefer learning on the go, podcasts and blogs can be a great way to stay informed. Podcasts like “How to Money,” “The Dave Ramsey Show,” and “Financial Independence Podcast” cover a range of financial topics in an easy-to-digest format. You can even check out our Prime Capital podcast, “Prime for Growth,” to learn more about financial topics and hear about stories from leaders who have challenges like yours.
Blogs can also offer a lot of practical advice and up-to-date information on financial management for businesses. Our blog is always brimming with new activity. If there’s a topic you’d like us to cover in the blog, you can reach out directly and ask!
Network with Financial Experts: Build Your Knowledge Base
Building a network of financial experts can be incredibly beneficial. Seek out accountants, financial advisors, and experienced entrepreneurs who can offer insights and advice. These connections can help you navigate complex financial situations and make more informed decisions.
A few things you might gain from financial experts include:
- Mentorship: Learning from the experiences of others can provide valuable lessons and shortcuts to success.
- Community: Being part of a financial community can offer support and accountability. Plus, you’ll know you’re not alone in working through financial challenges!
- Ongoing Support: Experts will provide you with continuous support and advice, helping you stay on track.
Use Technology to Your Advantage: Automate and Optimize
Today, there are countless tools and apps available to help you manage your finances, from accounting software to financial planning apps. Overall, technology can simplify and streamline your financial management processes.
Unsurprisingly, Elon Musk of Tesla and SpaceX is known for using technology to improve his business operations and even overcome financial challenges (yes, companies that big also have financial challenges!)
Growing Your Financial Know-How: Your Path to Mastery
There’s no shortage of resources available to help you improve your financial literacy. Whether you prefer online courses, books, podcasts, blogs, professional advice, or networking, the key is to find what works best for you and commit to continuous learning. With the right resources at your disposal, you’ll be well on your way to mastering your business finances and steering your business towards greater success.
If you have questions about where to start, we’re all ears! Reach out to us to get personalized guidance.
