Enhance Your Financial IQ

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Enhance Your Financial Intelligence
Strategies For Taking Control Of Your Finances

Enhance Your Financial Intelligence

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Chapter #1: Foundation in Financial Intelligence
Definition of Insanity
Doing the same thing over and over again YET expecting different results!

Naturally, most, if not all of us, want and crave for something better. It is all part of us. We want a bigger car, a better house and the ability to buy good things for the family. We keep hoping for more but, in order to get what you don't have, you have got to do something you have never done before.

As an employee, you can't stay at the same job forever and hope that a miracle will happen, and your boss will suddenly give you a raise. You will be lucky if there is no downsizing in your company. Switching to another company will only provide a short-term solution to a long-term problem. Sure, you can take up a second or even third job, but do you have enough hours and stamina in a day to sustain it?

The bottom-line: Trading time for money isn't wise financial sense in the long term. You keep on increasing the hours just to win the rat race, but at the end of the day, you are still a rat on the mill!

Increasing your wages only puts you into a higher tax bracket. Your salaries increase, but so do your expenses on your house and car. How will you invest in yourself with all the time you spend working for a company, working for the government paying taxes and working for the bank to pay off your house and car? What if you fall sick and can't work tomorrow? Will the government take care of your family? I highly doubt it.

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Isn't it time you take your finances a tad more seriously?

What Is Money?
You see, there are many ideas of what people think money is.

Some say it is a form of measurement. Yes, but a measurement of what? Wealth? In the olden days, people measured wealth by how many cows, sheep and horses they had. But do people measure wealth today by your cows and horses? Are your dollar bills sitting in the bank truly protecting you in this recession? No, wealth cannot be measured by the dollar bill. Some say it is a form of power. Yes, money can give you power, but if you are stuck on a desert island forever with a trillion dollars, what will that money mean to you? If someone offered you water and a helicopter to fly out of there, you would trade all your money in a split second, so money is not an accurate measurement of power. It heavily depends on how and how wisely you use it (hint!). Many believe it is the root of all evil, and several others take on this belief without much questioning. Now, now, now... money is NOT the root of all evil (otherwise, why do you think churches still accept monetary donations and charity?). The love of money is the r
oot of all evil. Remember, money is an excellent servant but a terrible master. If you are trading your life away for the dollar, money then has power over your time and life. And unless you have proper financial intelligence, the lack of money can spawn a lot of evil thinking and negative mindset, as observed in cheats, thieves, criminals, freeloaders, cheapskates, and more.

But what is money, really?

Enhance Your Financial Intelligence

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