Lesson 5: Education

As Warren Buffett said, “The best investment you can make, is an investment in yourself. The more you learn, the more you'll earn.”

Innovation and automation are ubiquitous in many industries around the world. It looked shocking, but some problems followed. More and more people were replaced by robots and had to be retrained or entered another field. In order for people to do these things, most people tend to choose to go back to school instead of considering other options. Although going back to school may help, you can always consider studying on your own. Perhaps that option was unrealistic a long time ago, but with high-quality information and other factors, it is now worth considering educating yourself.

What does self-study mean?

The meaning of educating yourself is to have a series of habits to promote how to educate yourself. Go into the finer details. These habits are part of the system and can help you stay up to date with related topics that you are passionate about. As I mentioned before, this method has only merged as an effective option in recent years. The reason for this is that the information is not available. Decades ago, our information came from newspapers, radio and television.

But now, every day, thousands of people create information through blog posts run by professionals or large companies. Due to the Internet and its greater expansion, the quality and quantity of information has increased. Indeed, the meaning of self-education lies in the use of information on the Internet.

1. Keep Up With Finance and Investment Industry News

Not only news from your industry, but also from other areas of your interest. As I said, the industry is changing because something will always happen. One way of self-education is to understand what is happening in the industry. Like in my case I always update myself with the current prices of local stocks through https://www.pse.com.ph/ Philippine Stock Exchange or through my broker website. The only thing you need to remember is that there are many ways to keep up you can have your own search say not only stocks but currencies, and commodities too. You don’t need to pay to subscribe to multiple brokers to keep up. Go to social media and search for related hashtags or keywords, or sign up for a media distribution list. There are many free options.

2. Enroll In Online Courses

The information is very rich, there are all kinds of courses. Today, online learning is also a very effective way to learn. You can turn to sites like Udemy or Skillshare, which offer thousands of courses particularly trading and investment. There's also education that you get from your online brokers and banks.

3. Find Mentors

One good thing with Finance and Investing industry has technical talents who are willing to teach others. With years of experience in this field, they can impart valuable experience that other classrooms cannot teach you. This is another reliable method, because the instructor is likely to stay ahead. Your years of experience and knowledge of the industry can lead to more specific suggestions. After all, traditional colleges and universities tend to focus on general information rather than the information you really need to know. Mentors are another way to get a personalized experience.

4. Develop These Learning Habits

4.1 Have A Learning Environment.

You don't have a classroom, so it's best to turn the place you often go to a study place. It can be a library, a room at home, or a coffee shop. In any case, there must be a place where you can study and study with determination.

4.2 Highlight Information.

If you like to buy books or e-books, use a stabilo pen. You can also consider other note-taking apps where you can store specific bits of information. Applications like Evernote or Google Keep are perfect for this.

4.3 Learn From Various Media.

We can use different learning methods, although we like one or two of these methods best. Find out which ones you like and challenge yourself to learn in different ways.

4.4 Set Goals.

To learn as a way of life, it is important to maintain this habit. The goal is a great way to keep up with the habits you want to have. Consider tutoring. Not only can you get paid by tutoring others, but you can also consolidate what you have learned. Guidance is also a way to verify and ensure that what you have learned is also with you.

Final thoughts

Self-study is about various methods of how to educate yourself. Although going to webinars, on-line classes, or joining a Facebook finance and investing group is still an effective option, the vast amount of information available allows anyone to learn about any subject. Therefore, you can save a lot of time, money, and consider the waste of these habits. Over time, these habits will pay off.