Building up your knowledge of the financial world can take a lot of time and effort. This is why so many people are content to have a basic understanding and never really get to grips with all the things they could do with their finances. The world of money might be open for business but given that it has its own language, to most people it feels closed.
So what can you do with your knowledge of the financial world to benefit yourself and others?
Turn it Into a Career
You can turn your knowledge of finance into a career in a wide variety of ways. You might start with a side hustle offering financial advice on a blog that would require diligence to keep writing and some experience in marketing your content (at the very least!). But you might also decide to formalize your knowledge through a course.
When deciding your career path, it’s important that you think about the various areas of finance and what would suit you best. So, you might think that a high-quality broker program could be for you, or maybe going into investment banking sounds more appealing. Either way, do your research!
Help People in Need
If you are smart with your finances and have enough to start investing, you might consider ways to help those in need. Peer to peer lending is rising in popularity as it cuts out large corporations and puts investors in the driving seat. Alternatively, you might decide to invest in companies that have clear ethical considerations. So, you might invest in green energy or companies that use their corporate responsibility to benefit those in need.
You might also use your financial skills to help charitable causes. While many people want to raise money to fund various projects, you could offer them different ways to make the most of what they raise and guide how the money is spent. Don’t underestimate how valuable a conversation can be in these cases, or what you can achieve in an hour.
Teach the Next Generation
Many people feel locked out of the financial world simply because they were never taught how to handle money as they were growing up. People from a less privileged background are often the least educated and this is plain wrong. Everyone deserves to know how to manage their money, regardless of how much they have!
Teaching your kids about money might not sound fun but actually, as long as you keep your lessons age-appropriate, kids will be willing to learn. Sure, a 6-year-old won’t want to hear about mortgages or shares but they will be interested in learning how much pocket money they need to save for their next toy.
While the finance industry often feels like a closed club, you have an opportunity to share your knowledge and understanding. Be open when talking about money and don’t allow the taboo to continue in your watch. The more we talk about things like money, the better informed we are. And everyone deserves to be informed.