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Financial bonds and barriers are not just about debt. In fact, one of the biggest challenges to financial confidence is a lack of knowledge, so arming yourself with the right information can help you overcome these barriers. Think of learning as the keystone to continuing your financial journey. To make sure you’re confident enough to rise to any occasion while still feeling secure in your values, you must never stop learning.

This doesn’t have to mean going back to school for an advanced degree or spending lots of money on classes. The reality: learning can be free, if you keep your ears and eyes open, seek out free or low-cost resources and sometimes reach out to others for help. Follow the tips in this checklist and you may find learning opportunities in some unlikely places.

1. Know your financial situation

Self-awareness is key. In addition to the big numbers, like your net worth and credit score, keep thinking about your budget. And remember that these numbers will change as you grow older and enter new phases of your life. Stay aware of these shifts and be flexible where needed so that you are always curating your financial picture.

2. Read, listen and watch

When it comes to financial knowledge, there is no shortage of outlets for information. Stay in tune with not only financial news but also with international news and economic trends in general. Being aware of what’s going on in the world will help you make informed decisions when the time comes. For example, podcasts can be really engaging and simple to digest. Listen on your commute or as you are making your breakfast. If reading is your thing, then set aside some time in your favorite chair to catch up on a blog you like or take in a book that interests you. A little bit of information scattered here and there goes a long way and will build your library of knowledge over time.

There’s a ton of information out there, but you need to decide what resources can actually help with your financial and life choices. Keeping an eye on trends and changes in the financial world is crucial, but an advisor is your best bet for making decisions that are applicable to your personal situation.

3. Have real-life conversations

It’s important to have face-to-face conversations, whether you are looking to network, or finding a mentor. Additionally, if you are trying to learn more about a new job or just want to stay aware of certain trends, having conversations is an intimate and hands-on way to do that. Plus, growing your own financial knowledge means conversations with your advisor will become more involved. Bonus!

Challenge: Next time you are looking through your social contacts, select one or two and ask to meet for coffee. It’s amazing how far face-to-face time can take you.

4. Trust what you have learned

When you keep tabs on your own situation and the financial trends surrounding you, you won’t be as inclined to give into the fear or make hasty financial decisions. Letting your emotions drive your financial choices too heavily could be problematic. Trust that you’ve developed a plan that works for you and supports your values.

One of the biggest barriers to financial confidence is a lack of knowledge. So just take a deep breath, think about everything you already know and continue to seek out and be receptive to new information. This is the best way to stay in control of your finances, build your confidence and ensure your values are always running the show.

3 Key Takeaways
  1. Learning is the keystone to continuing your financial journey.
  2. A little bit of information goes a long way and will help build your library of knowledge over time.
  3. Have face-to-face conversations, whether you are looking to network or find a mentor.


Level up

Keep going: Arming yourself with knowledge is a key to attaining financial confidence.
This content is educational in nature and does not constitute legal, tax, accounting, financial or investment advice. You are encouraged to consult with competent legal, tax, accounting, financial or investment professionals based on your specific circumstances. We do not make any warranties as to accuracy or completeness of this information, do not endorse any third-party companies, products, or services described here, and take no liability for your use of this information.
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