What practices can individuals adopt to increase their financial literacy and make informed, confident decisions regarding investment opportunities and risks?

ANSWER: To boost financial literacy, individuals should regularly read financial news and publications, follow reputable financial experts, and take advantage of free resources like online courses or local workshops. Understanding the basics of budgeting, investing, and the impact of compound interest is fundamental. Practicing critical thinking when evaluating investments and recognizing emotions in decision-making leads to informed choices. Lastly, consulting a financial advisor can help tailor strategies to personal goals and risk tolerance.