Financial Literacy 101: Invest, Get a Passive Income, and Build Your Wealth

Your guide into the jungles of finance

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At some point in your life, you start earning money. But that is not always the moment you learn how to manage it. Some people educate themselves on financial literacy early on, and some put off this crucial learning until they start facing the repercussions of poor money management. Nonetheless, it’s never too late to get on that track, and we’re here to ease that process.

At first, the load of necessary information might seem insurmountable, especially considering the intricacy of finance matters. Yet that’s when the Headway app comes to help make your learning path fun and easy!

Headway is a bite-sized learning app for fun and easy growth. It’s an irreplaceable tool for today’s short attention span and busy schedules. For example, it lets you get to the core of any nonfiction book in just 15 minutes and learn all its key ideas. And there are lots of summaries exactly for becoming your personal financier fast and easily.

Moreover, you can pass self-growth challenges targeted at particular life areas, get inspiration from daily insights, learn from visual explainers and gain more knowledge in less time.

And now, let’s go through your financial literacy instruction!

1. Start with the basics

So, you embarked on your journey of untangling the financial world. Congrats! The first step is to get your hands on Manage Your Money Like a F*cking Grown-Up.

This title is the best handbook for beginners in personal finance. The author managed to cover all the basics with highly informative advice and a side of humor. And to jumpstart your entry to financial literacy, check out its summary on the Headway app to get all key ideas in just 15 minutes. Because your money can’t wait long for proper management.

2. Master those basics

We all know this infamous ‘broke millennial’ stereotype that older generations like to sneer at. However worked up we may get about it, the key to busting the stereotype is not tedious arguments. Instead, it’s getting your financial life together to wreck the stereotype altogether, and reading Broke Millennial will help you do just that.

What’s in there for you? Budgeting, credit score, picking the right bank, debt, student loans, how to have money conversations with your partner…and counting. Fortunately, Erin Lowry gathered the vital finance knowledge you need to make sense of the world (and not let your accounts go up in flames).

3. Decode cryptocurrency

Ah, the enigma of modern financial literacy! Cryptocurrency has been a buzzword for a while now, and if you didn’t quite find time to figure it out, we have something for you. The Bitcoin Standard is a comprehensive explanation of the money history to understand the why and how of the crypto rise.

And if you’re looking to grasp the main ideas of The Bitcoin Standard and get to the core of cryptocurrency fast, by all means, check out the summary of this book on the Headway app. 15 minutes, and you’re good to go and confidently participate in any convo about bitcoin.

4. Start investing

Let’s say now you’re finished with learning the core principles of finance, and you are jonesing for making a really smart investment. Then for starters, invest your time in reading Rule #1 by Phil Town.

Being the bestselling author of investing books, Phil Town is famous for his great success as an investor, and he’s happy to share his strategies. So consider Rule #1 a priceless repository of actionable tips on investing and not losing money along the way.

5. Secure a passive income

Moving on to more challenging parts of personal finance where a passive income and investments meet — real estate. No need to learn from your own mistakes, though, because there’s a brilliant book to explain rental property investing strategies. What’s its name? Pretty self-explanatory — The Book on Rental Property Investing, written by a successful investor and bestselling author, Brandon Turner.

The book takes a deep dive into the realm of rental property and provides you with time-proven practices of the greatest real estate investors. And as you start applying the tips you learn from Brandon Turner, nothing will stop you from achieving financial freedom.

Can I really master personal finance?

Yes, you can! And the Headway app can help with that. For example, our categories like Money & Investments or Business & Career offer hundreds of valuable insights and eye-opening ideas for perfecting financial literacy. And you don’t even have to make any sacrifices in your routine to learn effectively. Instead, you can just listen to a highly informative 15-min summary while making dinner or pass a self-growth challenge during your commutes.

The key here is not to wait much longer. Start your financial literacy journey today with Headway and join its community of 10+ million users. It’s time for fun and easy growth to achieve your most ambitious goals!