1 INTRODUCTION.
2 FINANCIAL INTELLIGENCE.
3. HOW TO BE FINANCIALLY INTELLIGENT?
4. WHY I SUCCEED'?
1. INTRODUCTION.
' Money is worth no more than brains'. It's often worth much less. Unfortunately, some people, believe and think that only money makes money.
Desire is agency through which it's money equivalent can be made.Money left on its own cannot think, move or talk, but it can hear when one that desires it, calls it. This is possible through knowledge of Financial Intelligence.
The single most powerful asset we have is the mind. It is everything. If trained well, it can create enormous amount of wealth. So when you are young, work to learn : including financial intelligence. Why? Money asks questions before it can provide answer for 'All Things'. Success in business starts with knowledge of Financial Intelligence. But if you are afraid to learn it. What is the next option?
2. FINANCIAL INTELLIGENCE.
I).What Is Financial Intelligence?. Financial intelligence comprises knowledge and skills gained from understanding finance and accounting principles in business world. This includes understanding how many is being used. Finance is the management of large amounts of money especially by government or large companies. It involves providing funding for a person or enterprise.
ii). Financing of Finance is the process of raising funds or capital for any kind of expenditure. It's the process of channeling funds in the form of credit, loans,or invested capital to those economic activities that mostly need them. Or can put them into most productive use.
iii). Personal finance is planning and management of personal financial activities. Such as how to generate income, expenditure, budgeting , savings , investment and other financial items. Personal finance draws from knowledge and understanding of financial intelligence. And also applying it's principles in our everyday money life.
Iv). Types of Financial Statement.are: Balance Sheet. , Income statement and Cash flow statement. These show assets and liabilities of a business, it's revenue and costs. It also covers cash flows from operating, investing and financial activities. . These statements should be print out copies of financial intelligence.
3. HOW TO BE FINANCIALLY INTELLIGENT?
I). Read Books. When you read a book, imagination allows you to experience a new world. The author gives us the canvas and the brush. We are the ones to paint and print the image.
ii). Understand the big picture. Example, where is the world headed? Bill Gate had this type of foresight, among others. He transformed the computer industry by designing software that enabled everybody, not just technicians to be able to use computers as virtual necessity.
iii). Know your net worth. When we understand how powerful loaded assets, that constitute our mind . Perhaps it beats all numerical calculations. This is especially true when it is trained. Then we will be able to say: I am the master of my fate. I am the captain of my soul. I have to do anything and everything. Think about this. How much net worth were the Wright Brothers after they put first motor air plane on the sky? How much has the Present Value risen, exponentially since that launch? Power of financial intelligence.
iv). Always see failure as a testing aid. You may be disappointed if you failed, but you are doomed if you didn't try. Most road to success pass through failure. But don't let it stop you. That's how not to succeed. Learn better ways and move on till you succeed.
V). Understand and use power of leverage . It means that 1 % by 100% One person effort is of less benefit than 1% person with other 100 people . Here is synergy. And each other 100 in the team ,is in their capacity lever machine advantage to contribute to group work.
4. WHY I SUCCEED' : DEFENCE OF FINANCIAL INTELLIGENCE.
I). The main benefits of financial intelligence. : It empower us to make smart financial decisions. Such decisions work, money to make money, because money that makes money , makes money. It specialises to maximise comparative advantage . Example, it isn't wise to take loan interest repayment if it attracts,an higher interest than rate of inflation. When CPI is already high, another product price rise, will scare customers. Drive turnover down and make debt service tough. I succeed because I apply principles of Financial Intelligence.
ii. It provides knowledge and skill to manage money effectively, through budgeting, saving , borrowing and investing. Savings for investment could be viable. But, what if , there is much money in circulation.? When government buys treasury bills. Or there is increased in money, perhaps , through money laundering. Or there is print of more money? When unproductive money. swells the money supply,, savings should be discouraged. Why . Supply of money is greater than demand. Interest rates will fall. Savings should diversify, investment to put money into more effective use. Where it's rate of return is higher than current interest rate. I succeed' because of knowledge of finance Intelligence
iii). Macroeconomic projections, often carry warning signs. With knowledge of Financial Intelligence, you can plan and create your own economy. ' Your will is future most predictive'. Take full responsibility of your life. Shape and controll source of diversified income in a connection economy. Learn to manage your asset and liabilities as well cash flow of various activities. Financial intelligence is defence to succeed..
Financial intelligence is engine oil of money life journey. Fill up your tank .
