Talking about money makes many people feel uncomfortable - the topic is considered taboo within our culture. As a result of this absence of communication, there exists great uncertainty and discomfort around managing personal finances. You must take ownership of educating yourself about money and managing your wealth.

Build financial literacy

In the simplest form, financial literacy is the knowledge and competency to understand money and make financial decisions. Education is a key component for gaining control over your financial future. By increasing intelligence around basic financial concepts, you build confidence, allowing for greater comfort, decisiveness, and planning around money.

How to start

Start with money concepts that directly impact you and your life – ask questions about banking accounts, understanding the terms of credit cards, learn about employer sponsored retirement plan options. When you come across unfamiliar words and phrases, ask for more information. While you certainly do not need to become a financial expert, you must build a foundational knowledgebase. Your goal is to obtain enough detail to make informed decisions.

Prioritize self-advocacy

Take pride and ownership of your money management. – You must be knowledgeable and mindful of how you utilize your resources - speak up and stay proactive! Remember: your financial future ultimately rests in your hands.