While the stock market tends to dominate news cycles surrounding any current large-scale event, too many average Americans are uneducated when it comes to investing. When many people see reports of record market highs and losses, massive government bailouts, and changing legislation regarding interest rates and taxes, they do not have the educational background or investing experience to translate these headlines into meaningful analyses and applications for their daily lives. Investing education is critical for all Americans, particularly in times of economic turmoil. Consider these benefits of investing education when making financial decisions with your clients.
Gain a Greater Understanding of Current Events
One of the most immediately useful perks of investing education is that it provides the framework and vocabulary necessary to understand current events. With the COVID-19 pandemic stretching on and the current legislation in congress, significant changes are happening daily that can impact homeowners, borrowers, and investors. Tools and programs that focus on investing education and financial literacy can give average Americans the critical thinking and comprehensive skills they need to make sense of what is going on in the world.
Investing Education Puts the Power in Your Client's Hands
Learning about investing, from the basics to more niche areas, is critical to financial independence and choices that serve your clients. Although apps and tools that simplify investing can make it more accessible for novices, focusing on education first can allow investors to make nuanced and well-informed decisions.
Make More Informed Financial Decisions
Learning about different areas of finance allows individuals to diversify their investments in a way that is smart for them. Diving deep into investing education can enable average Americans to determine which courses of action are more likely to help them reach their unique financial goals. Regardless of your client's financial goals, investing education is a valuable tool.
Take Control of Your Finances with EveryIncome
EveryIncome is dedicated to providing our clients with career and finance management tools to help them create a stable financial future. You can contact the team at EveryIncome online or give us a call at (571) 370-5400. For more tips and tricks to foster financial wellness, follow EveryIncome on Facebook, Twitter, and LinkedIn.
This article is provided by NAIFA partner EveryIncome.