How Can You Become More Financially Competent

<p>What does financial competency look like? What are its fundamentals? Everybody wants to be competent, especially when it comes to competency with money.</p> <p>In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about the components of and how to gain financial competency.</p> <h3><strong>Topics Discussed:</strong></h3> <ul> <li>What is competency? Ability to do something successfully or efficiently</li> <li>Competency Components: Knowledge, skill, and behavior</li> <li>Competency Challenges: Knowing what you need, but not getting it done</li> <li>Overconfidence: Thinking you&rsquo;ve gained wealth, but really, you have not</li> <li>Humans are Humans: Ask questions, ask for help, don't be too hard on yourself</li> <li>Warning Signs: Take literacy quiz to understand your relationship with money</li> </ul> <h3><strong>Links:</strong></h3> <p><a href="https://www.usfinancialcapability.org/quiz.php">Financial Capability Study: Take the Financial Literacy Quiz</a></p> <p><a href="https://www.usfinancialcapability.org/quiz-literacy.php">Financial Capability Study: Take the Investor Literacy Quiz</a></p> <p><a href="https://financeforphysicians.co/2022/06/30/whats-your-relationship-with-money/">What&rsquo;s Your Relationship With Money?</a></p> <p><a href="https://financeforphysicians.co/contact/">Contact Finance for Physicians</a></p> <p><a href="http://financeforphysicians.co/">Finance for Physicians</a></p> <h3><strong>Full Episode Transcript:</strong></h3> <p>Hello, hello. I hope everyone's doing well today. I was reading an article recently about competency, how to gain it, or what the different components of it were. I thought it was really interesting. The article was not about finances, but I thought it would be great to explore financial competency and what that might look like.</p> <p>That's what I wanted to talk about today. Going through what financial competency looks like. I think this is really important as far as fundamentals go. Everybody wan