The financial editor of NBC’s Today Show shares her best advice to get smart about money

Jean Chatzky
Jean Chatzky. Matthew Peyton / Stringer / Getty Images

According to Jean Chatzky, the best way to get smart about money is “just by doing it.”

Chatzky, the financial editor of NBC’s Today Show and host of HerMoney with Jean Chatzky podcast shared her insights on how to “make money make sense” in an AMA (Ask Me Anything) thread on Reddit.

When a Redditor asked how best to become “financially savvy,” she elaborated on her advice, writing:

In other words, opening a retirement account — an IRA, 401(k), etc. — investing some money in low-cost index funds or a target date fund that will rebalance in accordance with your age/retirement date and then paying attention to it.

Chatzky also suggested becoming financially literate by joining the conversation about money and asking questions when you don’t understand or when you want to know more. You don’t have to be an expert from the beginning, she says.

She writes:

I was an English major and didn’t know anything when I started out. I learned by reporting for magazines like money and smart money and turned my financial life around in the process. And I learned that when I didn’t understand something, to keep asking until I got an answer that made sense to me.

“If you have a stake in the game, you’re more likely to want to learn and therefore to learn,” she writes. “But the other thing you can do is start taking part in the conversation.”

Read the full AMA on Reddit.

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