Financial Intelligence, Your Key To Wealth Creation
Wealth creation is one of the major desire of a greater population of our world. And inspite of the unquenchable drive in people all over the world to enjoy this wealth, it’s so sad to see many languishing in poverty. The question now is that, why has wealth creation become an illusive game to many. I made a staggering discovery about one of the major cause of financial failure in the life of many. I discovered that majority of us lack financial intelligence. Of course all over the place, every where you turn all you seem to hear talked about is financial intelligence, infact thousand of books has been published addressing this crucial aspect of life and yet the desire or quest of many never seems to come to fruition. Why?
Let me borrow a wise word from the bible that says when the foundation of anything is not layed properly then there is bound to be failure in that venture. How does these relate to our discussion, well I found out that many don’t have the understanding of what financial intelligence mean. Let us first define financial intelligence. Financial intelligence is simply an understanding of what money is and what it is not. It is knowing the difference between asset and liability. Inability to differentiate between assets and liabities has kept many in the circle of poverty. Let’s us quickly define what asset is and what liabity is. Asset simply put is something that put money into my bank account while liability is anything that takes money from my pocket.
With the understanding of asset and liability, creating wealth becomes an interesting adventure because all of a sudden you realized you are the one to determine whether you will end up wealthy or broke. It all depends on what you are acquiring today. Rich people enjoy acquiring assets like a toy while the middle class and the poor enjoy acquiring liabilities to prove what they are not. If you want to create wealth, it’s just a matter of shift in what you have been doing that is keeping you broke. It is your right to be wealthy. Go for it
Let me borrow a wise word from the bible that says when the foundation of anything is not layed properly then there is bound to be failure in that venture. How does these relate to our discussion, well I found out that many don’t have the understanding of what financial intelligence mean. Let us first define financial intelligence. Financial intelligence is simply an understanding of what money is and what it is not. It is knowing the difference between asset and liability. Inability to differentiate between assets and liabities has kept many in the circle of poverty. Let’s us quickly define what asset is and what liabity is. Asset simply put is something that put money into my bank account while liability is anything that takes money from my pocket.
With the understanding of asset and liability, creating wealth becomes an interesting adventure because all of a sudden you realized you are the one to determine whether you will end up wealthy or broke. It all depends on what you are acquiring today. Rich people enjoy acquiring assets like a toy while the middle class and the poor enjoy acquiring liabilities to prove what they are not. If you want to create wealth, it’s just a matter of shift in what you have been doing that is keeping you broke. It is your right to be wealthy. Go for it
posted by Isreal @ 2:38 PM
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