6 Simple Ways to Improve Your Financial Literacy
April 3, 2023Happy Monday Everyone!
We understand that finance can be an intimidating topic—that’s why you have a financial advisor to help. But understanding some foundational financial concepts can help you on your retirement journey. Here are six easy ways to increase your financial literacy:
Teach it to your kids and grandkids
Teaching your kids skills like saving and managing money can help them prepare for their financial future, as well as reinforce those skills for yourself.
There are so many financial books that cover a range of topics and make this complex subject easier to understand. Pick up a new finance book and read it for 10-15 minutes a day.
Learn new financial terms
Make a goal to learn a new word each week. Investopedia has an entire dictionary you can browse.
Listen to financial podcasts
This is a fun and entertaining way to learn more about financial topics. You can listen while you drive, go for a walk, or even while you are at work.
Attend a financial or retirement event
One of the best ways to learn about financial and retirement topics is by attending events! We have financial planning and retirement workshops regularly in the area where you can learn about topics like Social Security, taxes in retirement, financial planning, and more! If you’re interested in an upcoming event, reply to this email or give us a call to learn more or sign up.
Talk to your spouse
Discuss with your spouse one financial area that you want more visibility into. This includes account logins, your will or trust, and retirement account information.
We want you to feel confident in your financial situation, and completing the steps above is a great way to start. Remember that we are also here to help each step of the way. If you have questions or would like to schedule a complimentary retirement review, contact our office at (336) 450-2161. We look forward to helping you!
Sincerely,
Corey R. Hodges
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