Most likely your lack of financial intelligence is costing you a lot and you don't even know it.
Why, because you don't know what you haven't been taught? Unlike your other intelligences like; picture, word, music, body and logic that can come naturally to you, financial intelligence has to be observed, communicated and experienced.
This isn't an intelligence that can be taught in a book, or can it, more on that later? Financial intelligence is in a league all its own because it's something that has developed along with civilization.
The smart ones paid attention.
They observed and took note of what was happening as industries emerged, laws were being made and opportunities for investing became the norm.
They looked beyond the short term gains and read between the lines.
- It's about having your money work hard for you instead of you working hard for it - It's about how much money you keep not how much you make - It's minding your own business - It's the realization that money isn't real Being financially intelligent is a different kind of mindset that requires you to not only take care of your family through the retirement years but to provide for the generations to come.
That's a tall order.
The sad thing is financial intelligence isn't taught in schools.
They wouldn't even understand the concept.
Sure there are Accounting, Investing, Marketing and Business Law courses to take but they are basically to inform and report, I know, I took all those courses.
It's more of a "how to" learning experience versus having an inspiring mentor to propel you beyond the facts and figures.
Why is this? Schools are in the business of selling courses they think you need to succeed.
They're in the business of making them wealthy not you.
If you want to be wealthy, learn from a wealthy person.
It won't be anything like what's taught in schools.
The same goes for the business world.
There's the undercurrent of financial IQ but it's not overtly taught.
They're not in the business of teaching you either, they're in the business of increasing their wealth and they need you, the employee, to do that.
To increase your wealth you have to be a keen observer, know which opportunities to take and most of all be willing to expand your knowledge.
What is Financial IQ? It's the synergy of accounting principles, understanding changing markets, wise investing and using the tax laws to your advantage.
You need to know what a real asset is - it's not your house, in order to make your money work for you.
Real estate investments, Stocks, Bonds, Notes and Intellectual Property are all real assets that can bring you in passive income while Rental Income, Dividends, Interest, Royalties and a Salary are what bring you your regular income.
Makes you want to write that book doesn't it.
And that mortgage payment you thought was an asset is actually a liability along with any Consumer Loans and Credit Card debt.
In fact, your mortgage payment gets a double whammy under expenses and liabilities.
Ouch! That's how the wealthy do it.
It's this different financial mindset that sets them apart.
If you'd like to learn more about this mindset you can pick up RICH DAD POOR DAD by Robert T.
Kiyosaki.
He has a way of explaining it in easy to understand language and diagrams.
Oh, and all those other intelligences you have will come in handy when you start increasing your financial IQ by investing in what you're already interested in.
Now that's using your intelligences to your advantage.
Tally ho!