How can I begin to take charge of my own financial future?

I am a university student majoring in accounting. One of my biggest goals is to take charge of my personal finances and investments. I currently have an advisor managing them, however, I would like to be able to actively trade and manage my finances without that individual. With that said, I do not know where to start when it comes to investment management and independently dealing with my finances. I can analyze financial statements and have in depth knowledge on accounting, but I would like to read and study material pertinent to investing and independent wealth management. How do I start?

Personal Finance, Investing, Starting Out
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April 2017
75% of people found this answer helpful

I think you start by taking charge of your life. Once you take charge of your life, you can take charge of everything in it, including your finances. If you concentrate mostly on the finances, then they will run you, instead of you managing them.

This is a very important notion for people just starting out in their financial career. When I first started, I read “Think and Grow Rich” by Napoleon Hill. It was a real eye-opener. It helped me realize how my success would really be due to how I thought. My self-knowledge, not my technical knowledge, would determine how far I would get. I could become the biggest expert in a specific field, but if I didn't become a master of myself, I would never achieve much with that expertise.

My experience over the decades has reinforced this truth. You have to know where in life you are going. Then your trading and investing can help you get there.

March 2017
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March 2017