Identify the gaps
Self-assessments as well as personal finance books and websites can help shine a light on what you don’t know.
Financial counsellor Bret Anderson of Colorado has spent much of his career helping incarcerated veterans get back on their feet and has also advised high-wealth clients. He says five things frequently predict who will manage money successfully.
Two habits – saving and investing – are crucial, he says. Good money managers also know how credit works, have a plan to build wealth and pay off debt, and know what passive income is and how to create it.
If anything on that list is unfamiliar to you, that suggests a starting point for research. “There are plenty of resources just a Google search away,” says Heather Winston, assistant director of advice and financial planning at Principal Financial Group.
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How to fill in your financial blind spots
BEV O SHEA of NerdWallet
April 14, 2021
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FILE - In this June 15, 2018 photo, twenty dollar bills are counted in North Andover, Mass. Nobody wants to pick up essential financial knowledge by making mistakes or finding out key information too late. A less painful way to enlightenment can come from self-help books, quizzes and personal finance websites. As soon as you have an income, it’s wise to get started on habits that lead to financial success.Elise Amendola/AP
Knowing enough about money to cover your bills is a start, but it’s not enough financial literacy to provide long-term security. Most of us eventually wonder what else we should be doing and whether what we don’t know could hurt us.
Bev O Shea Of Nerdwallet
FILE - In this June 15, 2018 photo, twenty dollar bills are counted in North Andover, Mass. Nobody wants to pick up essential financial knowledge by making mistakes or finding out key information too late. A less painful way to enlightenment can come from self-help books, quizzes and personal finance websites. As soon as you have an income, itâs wise to get started on habits that lead to financial success. (AP Photo/Elise Amendola, File) April 14, 2021 - 4:31 AM
Knowing enough about money to cover your bills is a start, but itâs not enough financial literacy to provide long-term security. Most of us eventually wonder what else we should be doing â and whether what we donât know could hurt us.
Scam Alert: Find a COVID Vaccine, but Avoid Criminals
Bev O Shea, NerdWallet
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This article was first published on NerdWallet.com.
The rollout of COVID vaccines offers rich opportunities for scammers: There’s not yet enough supply for everyone who wants a shot. Eligibility rules and sign-up procedures vary by location and change frequently. Everyone is tired of pandemic restrictions and desperate to hear and believe that they can get that coveted jab sooner.
It can be hard to know if a call, text or email is the result of signing up for a waitlist or because a scammer sees you as a potential target.
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