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• Ask any friends or family who may already know a lot about finances, but be careful since they may have outdated ideas.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.