What Is Financial Intelligence?
Financial intelligence is the other part of the mind’s equation that you need to solve in order to make money and create wealth. Financial Intelligence is emotional intelligence’s other half. Together, they create the whole of the mindset that you need to build wealth successfully.
Financial Intelligence Defined
Here, quoted, is Jamie McIntyre’s definition for financial intelligence—the one he uses in his 21st Century Academy courses. In Jamie’s words, you are financially intelligent if you
“…have money work for you, not just work for money”
Financial intelligence is nothing you would have learned in school or at university. The reason is simple. Schools and universities don’t teach people how to be financially intelligent.
Be Financially Dependent? Yeah, Right!
Schools and universities teach people how to be financially dependent. How to be workers and have a job! Now as a disclaimer, I’ll tell you that there is nothing wrong with hard work, if that’s your thing, but working hard is not the way to create wealth, and it will not lead you to a life of early retirement and financial freedom, leastwise not as wealth creation will.
You should also realize that financial intelligence is not about learning how to play the banks’ games. You won’t get rich following what the bank tells you makes good financial sense, or investing in the banks’ ideas of assets. Overall, what the banks tell you are assets are really liabilities, because they do nothing to put money into your pocket; worse, most only drain your cash flow.
The Mindset To Make Money
Financial intelligence is an all-encompassing term for what Jamie McIntyre has been able to surmise in the sentence quoted above. Whereas emotional intelligence is the mindset you need to make money, financial intelligence can be categorized as your strategy for wealth creation. These are both integral parts of wealth creation, and teaching them to you is what the 21st Century Academy does best.
Until next time…
Sean Rasmussen
21st Century Academy Blog
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