Yahoo Finance 8 Expert Forums Where You Can Learn How To Become Rich
We all want to be wealthy, but getting there isn’t easy. To reach your goals, you’ll need discipline, a solid income and the right financial strategy.
Check Out: Here’s How Much the Definition of Rich Has Changed in Every State
Learn More: 4 Genius Things All Wealthy People Do With Their Money
You’ll have to take care of the discipline and income yourself. But thanks to the internet, it has never been easier to learn wealth-building financial strategies directly from the experts. These eight wealth-building forums are worth your attention.
Also see other wealth-building advice from experts.
Wealthy people know the best money secrets. Learn how to copy them.
Dave Ramsey: Ramsey+
Dave Ramsey is one of the most popular financial gurus today. He sells a comprehensive program for building wealth called Ramsey+. It includes his popular Financial Peace University course, which gives you a step-by-step plan for getting rich.
You’ll also get access to:
EveryDollar: Ramsey’s premium budgeting app
20+ hours of money courses
Access to expert coaches who can offer personalized financial advice
You can sign up for a 14-day free trial of Ramsey+. If you like it, you can pay $129.99 per year to keep your access. If you’re interested in learning from Ramsey, this may be the most cost-effective way to do so. It includes the majority of his best content for a single annual price.
Find Out: Net Worth for Gen X — How To Tell If You’re Poor, Middle Class, Upper Middle Class or Rich
Duke University: Behavioral Finance Course
Getting rich is the process of making smart financial decisions consistently over a long period. It sounds simple, but emotions and biased decision making often get in the way. Duke offers a course on behavioral finance to help you identify and avoid these kinds of money mistakes.
The course, available free on Coursera, illuminates common financial behavioral mistakes. It takes around five hours to complete and can help you avoid some of the most common financial mistakes that keep people from getting wealthy.
Robert Kiyosaki: Free Investing Courses
Robert Kiyosaki is the founder of the popular “Rich Dad, Poor Dad” wealth-building series. He shares his formula for getting rich through books and live seminars. Many of these forums cost money, but he also leads plenty of free classes.
For example, you can sign up for a free training course from Kiyosaki on these topics:
Profiting from cash flow stocks
How to start investing in stocks
Billionaire stock secrets
Secrets of successful entrepreneurs
Choosing to be rich
Kiyosaki has taught millions of people how to build wealth over his 30-year finance career. Just note that many of his strategies involve debt, which can be risky.
Purdue University: Planning for a Secure Retirement
When people talk about building wealth, what they often mean is securing a comfortable retirement for themselves. This course from Purdue University can help you achieve exactly that. It features 10 modules, each covering a different aspect of retirement finances.
You can get help with:
Calculating how much money you need to retire
Figuring out how to generate more income in retirement
Choosing the right account types and savings strategies
University of Michigan: Finance for Everyone
The strategies that the wealthy use to get rich can get complicated. To understand and use them effectively, you may first need to brush up on your foundational skills. This free course from the University of Michigan can help you do that.
The class is online, self-paced and entirely free. It covers these topics:
Financial literacy
Loans
Stocks
Accounting basics
Simple financial algebra
Financial decision making
Time value of money
The course is designed to take about five hours of work per week for a total of six weeks. By the end, you’ll understand a variety of common financial frameworks and how to use them to guide your decision making.
University of Illinois: Financial Planning for Young Adults
Many wealth-building seminars focus on strategies that are unrealistic for younger Americans. For example, learning how to build wealth by investing in real estate won’t help if you can’t afford a home, as is the case with so many young adults in this country.
That makes this course a breath of fresh air for younger readers. Published by the University of Illinois, it focuses on core financial concepts every young person should know.
You’ll learn:
How to measure financial wellness and set goals
Strategies for budgeting and cash flow management
Savings strategies
Foundational investing tactics
Risk management principles
Rules for borrowing and credit
These are all lessons you can use to make smarter financial decisions as you age. You’ll also learn wealth-building fundamentals so you can more easily understand advanced courses on getting rich.
Suze Orman’s Personal Finance Course
Suze Orman is a popular financial advisor who has written several books on building wealth. She has an online program called Suze Orman’s Personal Finance Course, which has a one-time fee of $54.
The course is designed to help you regain control of your finances. It offers practical advice for overcoming fears and financial obstacles. You’ll also learn how to become debt free, invest for wealth and get your family involved with your financial wellness planning.
University of Virginia: Financial Accounting Fundamentals
People have been building wealth by investing in the stock market for hundreds of years. However, you can just as easily lose money after investing in a company if you don’t know how to value it properly. That’s what makes this course from the University of Virginia worthwhile.
It features around 13 hours of instructional content on financial statements, balance sheets and accounting. The lessons teach you how to value companies fairly, which can help you decide whether to invest in a company at its current share price.
Warren Buffet says accounting is the “language of business.” This course teaches you that language. You can go on to use it however you want — from making investment decisions to building your own company.
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