Boost Your Analytical Skills in Fun and Engaging Ways
Last updated on December 29, 2017, by Mel @ brokeGIRLrich
Gaining financial analysis skills can be challenging, especially since we often only learn when our own money is at risk. While it is easy to get lost or bored while looking through endless financial reports and statements, these skills are crucial and applicable in many areas of life, not just finance. But hey, there’s good news! There are several enjoyable and interactive ways to develop these skills, which won’t require risking your life savings or combing through monotonous reports.
1. Video Games
Believe it or not, video games can teach us valuable lessons and boost our analytical skills, especially when it comes to making quick decisions. Various studies, including one by Stanford University, show that video games can improve attention, focus, spatial orientation, and problem-solving abilities – qualities essential for financial analysts. So next time you’re about to enjoy a round of Call of Duty or any other popular game, remember, it’s not just fun, you’re honing those analytical skills, too!
2. Gambling
Casino games and card games, be it online or offline, offer great lessons in understanding probabilities. Imagine spending hours playing blackjack or poker, and while you’re having fun, you’re also receiving an unparalleled lesson in probability. Good financiers try to simplify complex problems into a set of probabilities, and these games can certainly help with that.
3. Investing Games
Platforms that convert investing into a fun game, also known as gamification, are a great way to learn more about finance. Picture it as fantasy football, but with stocks instead of players. These platforms offer a competitive environment and opportunity to discuss investment ideas, keeping the learning process thrilling. Two platforms worth checking out are Wall Street Survivor and How the Market Works.
4. Online Courses
In the digital era, there’s a wealth of free courses to enhance your understanding of finance—and the best part—you can learn at your own pace and pick the topics that interest you most. Platforms like Coursera offer countless free finance courses, including some on behavioral finance. And if you need to brush up on math or stats, Khan Academy has numerous brief, topic-specific videos.
In summary, learning financial analysis skills is essential, whether you’re pursuing a finance career or just managing your personal savings. And with the aforementioned methods, you can make this learning process enjoyable and engaging. So go ahead, enhance your financial analytical skills and have fun while you’re at it.