Financial Intelligence is critical "Robert Kiyosaki"

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It's Critical You Need Financial intelligence To Survive In 2012

Financial IQ is a financial term thrown around in many circles.
But what does financial intelligence really mean?

Financial Intelligence means when you come across a financial problem you know how to solve it.

There are only two types of money problems in the world
Too much money or
Not enough.

When you are faced with either of these problems do you know what you are going to do?

Financial Intelligence means you are able to read a financial statement.

It means you understand exactly what money comes into your life and what money is going out of your life each and every month. accurately down to the last dollar.

It also means you understand the balance of your assets (what you own) and your liabilities (what you owe) for the same month.

Why would this be important to you?

Because it means you would understand your financial position and you can tell your family, banker or other investors.

1.When you go to your bank or broker for a loan they ask for your financial statement.

2.A financial statement is the tool you must know to evaluate any investment opportunity.

When you are analysing a Real Estate deal you look at the financials to decide if this is a deal or not.
The monthly income and associated expenses the asset value and the liability.

When you evaluate a business you look at the financials cash flow income expenses assets and its liabilities.

When analysing a stock to decide to buy or not you need to look at the financials
cash flow income (Money coming in) expenses (Money going out) assets ( What they own)and liabilities (What they owe)

If you cant read an interpret the numbers on the deal then you should not be involved in the deal at all.

Understanding the numbers is absolutely critical to being able to solve your financial problems.

If you don't know where you are currently at and what you have to work with you cannot make a plan of action to achieve your goals and objectives.

If you don't know where you are how can you get to where you want to go?


When you increase your financial intelligence and education you increase your confidence as your financial position improves each and every day.

You increase your income, reduce your expenses and reduce your taxes.
Gotta be a good thing yeah?

That is the reason financial intelligence is the one of life's most important skills each and everyone needs to develop.

Start today to develop your financial intelligence.

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