Take Charge of Your Future with Financial Literacy

By Elke Rubach, Rubach Wealth

Whatever your goals, dreams and challenges, having basic financial knowledge is a critical factor influencing what you can achieve in life.

Why? Because financial literacy can help you make smart decisions today about your financial plans that will shape your life and the opportunities you enjoy for decades to come.

As November is Financial Literacy Month, this is a good opportunity to highlight the meaning of financial literacy and show how it can positively impact your life.

Empowering your financial life

Being financially literate doesn’t mean you have to become an expert in financial matters.

However, it does mean getting to know the basics so you can ask relevant questions and have meaningful conversations with financial professionals.

Ultimately, becoming familiar with financial topics is about empowerment and being an active participant in the shaping of your financial future.

Financial literacy 101

Learning some of the fundamentals of personal financial management can go a long way in demystifying this important topic.

The following are some of the building blocks of financial literacy:

Adopting a holistic approach

Adopting a holistic approach to your finances means ensuring that all decisions and strategies are thoughtfully aligned with your current situation and future goals.

A base level of financial literacy – together with support from a trusted advisor – will help you put in place a comprehensive financial plan that covers all the bases and can evolve throughout your lifetime.

In addition to giving you greater peace of mind regarding your financial security, it will also leave you free to focus more time and energy on your family, your career and other important areas of your life.

Securing your financial future

Whatever your worries today and hopes for the future, boosting your financial literacy will empower you to move forward with greater confidence.

About the Author

Elke Rubach is the founder of Rubach Wealth, a Toronto-based wealth management firm. Founded in 2012, it provides tax-efficient financial planning to help clients build multi-generational legacies. To discuss your financial situation with a trusted advisor who can provide thoughtful guidance, please contact us to schedule a call.