Financial IQ Education

Financial IQ Education — its importance

Why you must invest in your Financial IQ.

Having a great or good Financial IQ is not about saving loads of money it is the developing of a healthy relationship between money and you. It is building wealth through the acquisition of assets that will generate more money for you. Your money should be working for you rather than you than you working for money.

The power of delayed gratification is one of the most important aspects in the developing your Financial IQ.

Let me ask you a question. When you need to buy a carton of milk have you ever considered that there are actually two options available to you? You could either buy the carton of milk or you could buy the cow that produced the milk. Radical thoughts!!

When you buy milk carton it is consumed and then it’s over and you then have to buy another milk carton for the next time and this goes on over and over again as the milk carton costs less than a cow.

Now let’s say that the cow costs 2500 times more than the milk carton while you may think that you are paying through the nose for the cow you should consider that if you the purchase a cow after you have consumed 2500 cartons of milk your investment would be at break even and future milk would be free or at a low cost. In fact the cow might even give birth to two or more calves that you could sell for profit.

Everyone is capable of creating well.

So in developing your Financial IQ do you see the cow as being the producer of a cartoon of milk or as a source of wealth that can give you calves and a continuous source of milk?

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