For Robert Kiyosaki, author of the bestseller Father Rich, Father Poor , financial intelligence is the part of intelligence with which you solve problems related to money . Therefore, if you have a well-trained financial intelligence you can control your personal finances and make good economic decisions.
Let’s ask you some questions:
- Do you identify a good business opportunity as soon as you see it?
- Would you be able to make a detailed analysis of your financial health ?
- Would you like to adopt good financial habits to save more?
- And to know what are the best investments of the moment and how to carry them out?
For this and much more you need financial intelligence . Here are some keys to achieve it.
Financial intelligence: seven keys to win the game to money
Knowledge is power and to achieve it you need to read . You should block at least one hour of your time each day and dedicate it to reading. The greater your knowledge about money, markets, investment … the faster you will achieve financial intelligence.
And do not forget the blogs . There are dozens of blogs about economics and finance that are very interesting to learn from. And they are free!
Develop your awareness about money.
You must stop to reflect on your relationship with money. This is the only way to develop your consciousness about it. Ask yourself questions like … Do I want scarcity or abundance in my life? Does fear control my emotions when it comes to investing ? What can I do to get the money to come to me?
Do not get into debt
In the long road you will travel until you get financial intelligence you must avoid debt at all costs . Remember that debt enslaves you and steals your energy. If you can not pay something now, save and buy when you can, but do not resort to debt unless it is strictly necessary. Learning to live without borrowing money is key to acquiring financial intelligence.
Value the savings.
Some people consider saving a sacrifice without reward when it is just the opposite. If you start saving 10% of your salary , then 15%, then 25%, then 40% … You must learn to value that savings. The money you do not spend today gives you the freedom to live the life you want tomorrow. Do we have to remember that the future is uncertain?
Remember that the future is uncertain.
Nobody knows what will happen tomorrow. Will you keep your job or will you be unemployed? Will a new crisis make you feel poorer? Will a disease devour your savings? As it is impossible to know what will happen in the future, there is no alternative but to learn to protect oneself against unexpected events .
Think about your comfort zone.
There is a lot of talk about leaving the comfort zone to grow and develop, but this romantic idea must be taken very carefully. Sometimes, especially when you get to live the life that you like, the comfort zone is good. Getting out of it is risky. What if you do not like what’s out there?
It is very important that you reconsider about your comfort zone. Maybe what you need to acquire financial intelligence is not to leave without a compass of it, but to make specific breaks: set up an online business , give a talk at an event, learn a new language …
Regardless of the money you have saved you should start investing as soon as possible , even if only 500 dollars. The reason? You can read all the theory of the world about the power of compound interest , investment funds, trading, index funds … but you will not go beyond that.
If you do not throw yourself into the mud and spend part of your time investing, you will never get a global vision of the world of investment. And believe us, as your financial intelligence increases, the volume of your investments will increase.
Finally, one last piece of advice: value your happiness above money and anything else. No matter how important financial intelligence is, emotional intelligence is even more so .