This is how to learn a new languageDec 09, 2019
Few industries are as riddled with jargon as the finance sector.
And, if anything, the amount of jargon being used out there seems to be getting worse!
Some of this may be down to self-interest in the industry, of course.
By making personal finance and investing sound more complicated than it really needs to be, the vested interests can then suggest you should leave it the experts to manage your money for you (for ever-increasing and recurring fees, naturally).
However, you don’t need to know everything about finance to be successful at managing your own money.
Indeed, often the more complexity you add to your process, the less likely it is to work in a sustainable manner over time.
Simple can be better than complex.
Just like learning any other language, there are some basic terms and phrases that you need to master.
The rest you will pick up over time, as you build your experience and awareness.
But it needn’t and shouldn’t be be overwhelming.
Indeed, a good rule of thumb is that if someone can’t explain something to you simply in plain English, then it’s probably wise to steer clear.
I discussed this a little further in the short video here
Whenever you’re ready… here are 4 ways we can help you manage your own money and go next level wealth:
- Boom or Bust in 2021 – 20 minute online workshop for investors
Register for my next free online training - Boom or Bust? How to change your investment plan for 2021 - book in here
- Subscribe to our Top 100 Podcast for Investors
- Join our Implementation Program
We’re putting together a new coaching case study group this month for private investors. If you’d like to get the plan, tools and timeless principles for managing your money and creating next level wealth … just send an email to [email protected] with the word “Case Study” and we'll get you more details.
- Work with me privately
If you’d like to work directly with me and Stephen Moriarty directly to help you map out and action your next level wealth plan… just send an email to [email protected] with the word “private”… tell me a little about your situation and what you’d like help with, and we’ll get you all the details!