5 Essential Components of a High Financial IQ
Hi all. Found an excellent article that I am sure many will relate to. Hope you get something useful out of this...
Intelligence comes in many different forms. Some people are great with numbers, others with words, still others with spatial reasoning. Intelligence comes in “non-intellectual” packages too—professional athletes are geniuses at using their bodies to achieve desired outcomes, for instance.
Some forms of intelligence can’t be learned. You either have them or you don’t.
Financial intelligence is different. Everyone can learn to save and spend responsibly, to set clear financial goals, to invest for the future, to protect themselves against the unknown. If you’ve never thought about these things before, they can seem completely overwhelming. But, just as you can train your brain to learn new skills or concepts, you can slowly raise your financial IQ over time.
Clear Financial Goals
Where do you want to be in five years? Fifteen? Thirty?
Don’t idly dream. Set concrete, achievable (no matter how ambitious) goals covering major life events like buying a home, sending your kids through college, and retiring, plus smaller-scale goals like that European vacation you’ve always dreamed of or the new kitchen you needed two years ago. Whether they are short or long term goals, you need to set tangible and realistic goals.
Looks like really useful info, eh? Just click the link https://www.smbceo.com/2016/10/20/5-essential-components-of-a-high-financial-iq/ to find out more from the horse’s mouth! If you’d like to share perspectives or discuss how it relates to your business, call me on (0403) 998-087 or email me at [email protected].
Thank you,
Andrew