Improving your financial IQ - Deepstash

Improving your financial IQ

It takes time to learn and improve your financial IQ, but it is certainly not that hard.

  • Once you have a saving plan in place and your accounts open, you don't want to jump into investing as you risk making beginner mistakes.
  • Teach yourself the fundamentals and visit websites that provide basic information about platforms, financial terms, types of funds, etc. This includes places like Investopedia.
  • Ask any friends or family who may already know a lot about finances, but be careful since they may have outdated ideas.
  • Avoid jumping in random funds because you read that in an article.

Making the time to read will get you the right kind of results.

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"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." ~ Warren Buffett

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