122: Don't Make This Mistake with Your Financial Literacy

Boosting Your Financial IQ

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Are you entrusting your financial future to someone else without understanding the basics? Learn why this approach can be a critical error and how you can avoid it. In this episode of "Boosting Your Financial IQ," I explore the necessity of financial literacy in business and personal finance. Reflecting on past financial disasters like the 2008 housing crisis, I highlight the dangers of blind trust in financial experts. Just as you wouldn't let a doctor make uninformed decisions about your health, you shouldn't let others manage your finances without grasping the fundamentals.
Join me as I debunk the myth that investing in index funds absolves you from understanding finance. I'll discuss the importance of knowing the mechanics behind your investments and how this knowledge can lead to better decision-making. This episode is packed with insights aimed at empowering you to take control of your financial journey. Tune in to discover how enhancing your financial IQ can make you more self-reliant and successful in today's intricate financial landscape. Don't forget to subscribe and become part of the movement towards financial empowerment!
Here's how to get started with Boosting Your Financial IQ:

• Step 1: Test your financial IQ for FREE
• Step 2: Download the FREE app
• Step 3: Take the Fundamentals of Finance course

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BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.

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