In the spirit of back-to-school season, Raghav has pulled together a reading list with tips and strategies you can use when it comes to your life and personal finances. From teaching your children about financial literacy, to the seven habits of highly effective people, to financial modelling with Excel, there is something to be learned for everyone this week!
Personal Finance Articles
As a parent, it is important to educate your children to be financially literate. In this article, Baillie Ward explains what it means to be financially literate and provides tools and free resources that you can implement into your child’s daily activities. You can also make learning about finances fun, by setting a savings goal with your children and rewarding yourselves once the goal has been achieved. For more details, check out the full article here.
In the wake of financial disaster, is your family prepared? Here are 10 questions you can answer to ensure you are protected. For example:
- What’s the minimum dollar amount you need each month to keep your household running?
- Which of your assets would be protected if you got slapped with a lawsuit or had to file bankruptcy?
Stephen Covey’s popular book The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change is not only a great read for personal change, but it can also be used as a tool for learning how to manage money. If you don’t have time to read the book, or are impatiently waiting to receive it in the mail, Molly Triffin has provided us with a quick rundown of the book’s seven habits. Read the article for more details.
If you want to create a financial model or you have one in place but need some guidance, check out this entertaining yet informative piece by Colin Reed. Reed shares “sanity-saving tips” for creating your financial models with Excel, and with these tips, it may not seem like such a daunting task.
As a strong leader, it is important to ensure that your employees are performing at their best. When it becomes apparent that a member of your team needs support to become reengaged, quick action should be taken to get them back on track. These seven strategies from Rise will help you to do this efficiently and keep office morale from going down.