Below are my favourite personal finance content for the outgoing week. I hope you find them helpful.
- The 3 Basic Money Skills You Need To Know
In this video, Dave Ramsey answers the question of a listener regarding buying a particular type of car. The questioner is an ardent saver and finds it difficult to bring herself to make this purchase. Dave Ramsey explains the three basic money skills that everyone has to develop – spending right, saving, and giving. He underscores that we cannot make spending and purchasing decisions apart from a consideration of the others. He also emphasizes the importance of prioritizing quality and difference in personal circumstances when it comes to purchases like cars.
Watch the video here: https://www.youtube.com/watch?v=3m3-lMdIlJw
- 16 Best Online Colleges With Accredited Degree Programs
Online degree programs are becoming a mainstay. High cost, commute, flexibility are among the considerations responsible for this trend. In this article, Brian Martucci of Money Crashers examines sixteen of the best online colleges that offer accredited degree programs. He gives us important details about the institution type (public or private), possible cost, the available degree programs, and some other considerations. This is helpful for those considering an online degree.
Read the article here: https://www.moneycrashers.com/best-online-colleges-accredited-degree-programs/
- 10 Types of Soft Skills to Develop to Stay Competitive in the Workplace
Technological developments are changing the nature of the job. The expectation is that progress in AI will lead to further changes. However, there are certain soft skills you need irrespective of the job environment. These skills will help you stay relevant no matter the time or the industry. G. Brian Davis of Money Crashers introduces us to ten of these important skills, including negotiation, time management, conflict management, emotional intelligence, effective writing, and financial literacy. He also gives practical guidelines and additional resources to develop your competence in each area.
Read the article here: https://www.moneycrashers.com/soft-skills-list-workplace/
- Discounted Cash Flow (DCF) Valuation
Stock valuation is crucial to stock investing. One of the popular valuation methods is the DCF valuation. There are different methods investors use to value stocks with this method. In this video, Simranpal Singh explains the essential elements of the DCF valuation and the data sources that will help you value any stock. He uses Delta Airlines as an example to show how the DCF valuation works.
Watch the video here: https://www.youtube.com/watch?v=1i9eAVaP9yM
- 9 Ways To Save Money From the Comfort of your Own Home During the COVID-19 Pandemic
Many people have to cut down on spending because of the pandemic. Though this is an old article, I found it helpful when I read it this week. Sarah Sharkey, writing for the Money under 30 blog, examines nine ways to save money during the pandemic. Some of her tips include reducing life insurance, moving your savings to a high yield savings account, using cheap tax software, exploring discounts, coupons, and cash backs when shopping, reducing your bill, among others. Some of her tips might be common sense, but they are good reminders.
Read the article here: https://www.moneyunder30.com/ways-to-save-money-during-the-covid-19-pandemic/