DEVELOPING YOUR FINANCIAL INTELLIGENCE

DEVELOPING YOUR FINANCIAL INTELLIGENCE 

By Ibn Nasr


One of the greatest failures of our educational system is the failure to provide financial education to students..Educators seem to think that money has some sort of quasi-religious or cutlike taint to it,believing that money is the root of evil

University is a cage that force you to sit behind a desk for four years so you’ll be qualified to sit behind another desk for forty years.

The university should be a place for learning and progressive research not copy and paste journals , it is not supposed to be a sit-in-the-classroom-and-copy-notes set up..

Most of our Universities Don have attain intellectual menopause and can't think beyond their analogue mind!

Our University system is built on testing memory not impacting effective knowledge that can be use in the real world,the students mind is construe on  getting a good CGPA no matter the cost


We spend a lot of years in school learning nothing about money..The lack of financial education in our school system is cruel and evil..As most of us know we now live in the information age without financial knowledge people struggle financially,without financial knowledge people buy a personal house and car and think its  an asset,without financial knowledge people don't know money is different from currency..


WHAT IS MONEY?

Most people have a fundamental misunderstanding about money before now there was money Barter system it  later change to shells,beads,coins then presently to fiat money..Fiat money is simply a decree or an arbitrary command by the government to create money without anything backing it up....The present money is man made with no intrinsic value unlike before when it was backed by a valuable commodity "Gold"..

Money has simply become a currency and the easy way to understand a currency is to think of electric current flow..Its financial insanity to hoard money, like electric flow our money must keep moving from Asset to Asset to increase our income.. You should save to invest,not saving for save sake only..

WHICH BRAIN CONTROLS MONEY?

According to Robert Kiyosaki "The brain that build financial intelligence consist of "Left Brain" "Right Brain" and "Subconscious"..The problem with traditional education is that it focuses on only one part of the brain,the left brain..In other words you could be a left brain genius and a subconscious moron..

You can know what to do in your left brain and in your subconscious be terrified of actually doing it worst of all many people leave school,fully able to read,write and do math but are terrified of failing and seek security instead of opportunity in the real world..They are taught to value knowledge over imagination

Financial intelligence is the ability to integrate all three parts of the brain to search for opportunity that will lead to your financial freedom..

CONSUMPTION,SAVINGS AND INVESTMENT

Control Consumption your consumption level..Most of what we buy we don't need..We can always be frugal on immaterial expenses by cutting it to budget..The lower the consumption level the higher the savings available for investment,the more Income

 -Consumption  >Savings >Investment >Income


Open a savings account and decide not to have any ATM card or withdrawal slips for withdrawal,set a monthly target and religiously save a portion of income you will be surprise how much the compounded amount will be..

The compounded Amount should be transferred to a viable and well planned fixed income investment..The earnings from this should also be retained and diversify to other profitable Investment

The cycle should keep going till your Monthly income to expenses ratio average 3:1.


Financial freedom is when you have enough wealth (assets and cash-flow) to allow you live more life on a sustainable basis.

The attainment of financial freedom requires a high level of financial intelligence and its not necessary you be a Professor of Finance..All it need is Self disciple,Strategic Planning and taking calculated Risk..

"No matter how evil money is,don't think being broke Is holy" ~ Anonymous


Ibn Nasr,AAT,ACA*

Lead Consultant
Hybrid Business Solutions

Business Plan Development| Pro CV writing |Brand Management Whatsapp:08032298246