HOW TO DEVELOP FINANCIAL INTELLIGENCE

The concept of Money;

The idea of money (that is; value placed on goods or services) was introduced back in time (right before you and I were born) by then business tyrants to replace the idea of trade by barter system. The invention of money (from metal coins, later to paper notes) brought about several changes in trading system globally and also brought a means of empowerment to some, which are now referred to as the wealthy.

Money, as some folks would put it, is the root of evil. So sorry to disappoint you folks, but money is not the root of evil. It’s the love (craving or uncontrollable desire) of money that is the root of evil. Money is a good servant, but a bad master. Indeed, money can be used to measure wealth (compound interest or savings), but money is not all you need to be and stay wealthy. Other factors such as your health status, your state of mind, emotional capacity, family, friends, business and assets also contributes to measuring how wealthy you are. Also, Time management can be used to measure wealth.

Your individual needs are far greater than what you earn and this has a way of driving you to strive harder for money.Unconsciously, as you strive for money, you are enslaved by money as long as you work hard for it either on payroll basis or other means of earning it (legally or illegally). Since our soul can not be bought or satisfied, the harder you strive for money, the more enslaved you become, this continues until money becomes your master totally and it goes on like that from generation to generation.

There are two categories of people in the world. Those who control money and manage their time appropriately ( that is; the rich who spend money to gain time) and those who don’t have money, yet lack time management (that is; the poor who spend time to gain money). 80% of the world populations wealth are controlled by 20% of the world populations.

                                         

Basics of financial intelligence.

Wealth isn’t something you build over the night. It takes a great deal of processes and time to build wealth. This processes start with you investing in yourself.

 Ever wonder why some folks spend most of their life chasing academic degrees and sorts, yet they won’t get the right job with the proper pay? Simple, they were busy building their educational know how but neglected developing their mind, emotional intelligence, financial knowledge, simple relational skills and the likes.

A functional and well learned mind is the greatest asset anyone could possess. A dysfunctional mind can never be productive lest create wealth. The best place to put your investment is your mind; a well equipped mind will produce outstanding results and generate wealth creating ideas. Simply put, what you don’t know, you will pay costly for it and that which you know will be paid for by those who don’t know it.

The reality is this; college certificates and university degrees cannot build in you the ability to relate effectively neither will it increase your financial knowledge. That why some accountants still get broke!!! The only source for this is you investing in yourself. Self investment is a foundamental key to self discovery and actualization.

Financial intelligence is therefore, a mental sharpening of your mind towards progressive financial freedom by learning about MONEY, how to make money, how to make money work  for you, the laws of money, how to evaluate between assets and liabilities.

Also, financial intelligence is developing yourself to be financially literate, disciplined and calculative (understanding figures and how to multiply them).

 Developing financial intelligence.

The first step you need to take here is the ABC step (that is; Awareness Before Change). First ask yourself these questions;

1.      Am i statisfied with the current level of my financies?

2.     What can i do to make my financial status change for good?

3.      What is my current level of financial know how?

4.     What special skills do i possess that can make money for me?

5.      Do i spend more than i earn and what’s my saving plans?

6.     What are my financial plan for the next five years?

7.     What are my future plans after School?

The second step you need to take leads to self development.

1.      Buy books that teaches you practical insights on money and financial literacy.

2.     Overcome the circular  mentality that you need money to make money.

3.      Depend on God for creative ideas and oppurtunities.

4.     Read financia literatures by successful enterpreneurs. ( The best education you can get is not in lecture rooms but in real life. This is done by standing on the shoulders of successful men ).

5.      Understand why you WANT to be Financially independent. Motive is a major factor when it comes to been successful. Wrong motives will produce a flash in the pan success but success built on right motives last and pass the tests of time.

6.     Aquire assets not liablities. Liability is that which takes money out of your pocket while the former is that which puts money in your pocket.

7.     Have a strong saving plan and spend strictly according to your budget.

8.     Make money work for you by; Tithing (also applicable to students), generous giving and paying yourself.

9.     Discover your God given talents or gifts. Find out what you do with ease which makes people call for you and pay you.

10. Live within your means and avoid unneccessary debts

11.   Invest in people (family &  friends) and learn to leverage your resources such as time and knowledge.

12.  Understand the law of attraction. The human mind is like a magnet, it attracts whatever it thinks or imagine. When you constanctly imagine fear or disappointments, you will certainly experience it. Simply put, be optimistic about whatever you find yourself doing.

Finally, find power in the little things of life as, out of them is drawn the power to create life’s biggest and greatest gifts. John Kanary. Remember that small is beautiful and it takes effective minds to keep up with financial literacy.

There is nothing that will give you a bigger and better “bang” for your buck than reinvesting  some of your time and money back into your capability to earn even more. All wealthy and successful people have learned this sooner or later, and all poor and unhappy people are still trying to figure it out. You begin to move up socially and financially from the day that you begin thinking about what you are doing in terms of the possible long-term consequences of your actions. As you begin thinking longer term and   organizing your financial life and priorities with your future goals and ambitions in mind, the quality of your decisions improve  and your life starts to become better almost immediately...Brian Tracy

Being wealthy is a function of your mind and goals set. I believe that God has destined you for a purpose that exceeds your presents status or circumstances.

Therefore, don’t you ever give up on yourself, goals and vision. Shine as a light will shine, trust in God and have a clear cut plan for your life.  

                           Be Inspired!!! 

Success Quotes For Extra-Ordinary Mind.

 To be successful in life, there are certain principles to follow without which, your journey to success is a mirage. Below are 70 powerful quotes from different individuals who have earned their success by persistence and focus. Be careful, this quotes would steer you up extra-ordinarily, don’t rush and be such to meditate on it.

  

1."Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The phrase 'press on' has solved and always will solve the problems of the human race." - Calvin Coolidge

2."Success is getting what you want. Happiness is wanting what you get." – Dale Carnegie

3."Success requires first expending ten units of effort to produce one unit of results. Your momentum will then produce ten units of results with each unit of effort." - Charles Givens

4."Any fact facing us is not as important as our attitude toward it, for that determines our success or failure." - Norman Vincent Peale

5."Who told you it couldn't be done? And what great achievement has he to his credit that entitles him to use the word 'impossible' so freely?" - Napoleon Hill

6."Four steps to achievement: plan purposefully, prepare prayerfully, proceed positively, pursue persistently." - William A. Ward

7."Hope is the companion of power and the mother of success. For those of us who hope strongest have within us the gift of miracles." - Sydney Bremer

8."Our lives improve only when we take chances, and the first and most difficult risk we can take is to be honest with ourselves." - Walter Anderson

9."I would rather attempt something great and fail than attempt to do nothing and succeed." - Robert Schuller

10."Many of life's failures are people who did not realize how close they were to success when they gave up." - Thomas Edison

11."It is observed that successful people get ahead in the time that other people waste." - Henry Ford

12."Nature gave men two ends... one to sit on and one to think with. Ever since then man's success or failure has been dependent on the one he used most." - George R. Kilpatrick

13."The secret of success is learning how to use pain and pleasure instead of having pain and pleasure use you. If you do that, you're in control of your life. If you don't, life controls you." - Anthony Robbins

14."A person's way of doing things is the direct result of the way he thinks about things." - Wallace D. Wattles

15."The only limit to our realization of tomorrow will be our doubts of today." -Franklin D. Roosevelt

16."Some men see things as they are, and say, 'Why?' I dream of things that never were, and say, 'Why not?'" - George Bernard Shaw

17."Singleness of purpose is one of the chief essentials for success in life, no matter what may be one's aim." - John D. Rockefeller

18."The common denominator of success is in forming the habit of doing the things that failures don't like to do." - Albert Gray

19."We are continually faced by great opportunities brilliantly disguised as insoluble problems." - Lee Iococca

20."The difficulties and struggles of today are but the price we must pay for the accomplishments and victories of tomorrow." - William Boetcker

21."If we did all the things we are capable of doing, we would literally astonish ourselves." - Thomas Edison

22."People become really quite remarkable when they start thinking that they can do things. When they believe in themselves they have the first secret of success." -Norman Vincent Peale

23."The way to succeed is to double your failure rate. Failure is the opportunity to begin again more intelligently." - Henry Ford

24."Success is living up to your potential. That's all. Wake up with a smile and go after life ... live it, enjoy it, taste it, smell it, feel it." - Joe Knapp

25."A leader has the vision and conviction that a dream can be

achieved. He inspired the power and energy to get it done." - Ralph Lauren

26."What the mind can conceive and believe, the mind can achieve" – Napoleon Hill

27."I have failed over and over again - that is why I succeed." - Michael Jordan

28."Every man is free to rise as far as he's able or willing, but the degree to which he thinks determines the degree to which he'll rise." - Ayn Rand

29."If you are never scared, embarrassed or hurt, it means you never take chances." - Julia Soul

30."If you want to be successful, it's just this simple: Know what you are doing, love what you are doing, and believe in what you are doing." - Will Rogers

31."Hard work is the price we must pay for success. I think you can accomplish anything if you're willing to pay the price." - Vince Lombardi

32."One sound idea is all that you need to achieve success." - Napoleon Hill

33."Failure is only the opportunity to begin again more intelligently." - Henry Ford

34."Only those who will risk going too far can possibly find out how far they can go." - T.S. Eliot

35."A man can succeed at almost anything for which he has unlimited enthusiasm." - Charles Schwab

36."Success has nothing to do with what you gain in life or accomplish for yourself. It's what you do for others." - Danny Thomas

Success Digest for Creative Mind

     Taking a cue from John D. Rockefellers’ quote; ‘‘I don’t think that there is any other quality so essential to success as the quality of perseverance. It overcomes almost everything, even nature.’’ We would start off by saying Success is no joke. It takes more than effective thinking and creativity; it also takes a great deal of perseverance.

       That said; let’s move on to defining what success is.

 Success in reality has no English grammar definition. It is defined by your own perception of the sort of life you want for yourself. To you success could be defined by how many cars you park in your garage, plots of land you’ve got, numbers of kids, PhD or Doctorate degree or the present climax of your business.

 ***For the record sake, to me success is the currency (not US Dollars or Pounds Sterling, but how many people you’ve impacted their life for the better) you can spend in the society so called life. It’s a reflection of you in the mirror of others. Success is best established in the lives of the people around you, it’s what they imagine when they think of you.

 Success is being able to discover who you are, your passion and desires, your potentials and God given talents. Success is you defined to the entire world to reflect on.

Creativity on the other hand is the ability to think through a problem and provide a solution to it. It involves engaging your mind into accurate and serious thinking to provide ideas and insights.

 ”It is the ability to apply your physical and mental energies to one problem incessantly without growing weary.”…Thomas Edison.

Tools for successful and creative mind.

1.       The Vilfredo Pareto 80% /20% principle.

      A Zen proverb says; the first step east is also the first step west. A lot of people in the world today have not come to realize that the true secret to productive thinking and success lies in how much you develop your mind. The fact is, 80% of the world total wealth is controlled by 20% of the world population. Here’s another fact that will stun you, a creative mind engaged in productive thinking will gain 80% advantage than someone who engage his body in labor work in lesser time.  For instance, the board of executives in a company earns 80% of the total profit made, while 20% is shared amidst the non-executive staffs. The amazing thing about this is, 80% of the profit was actually generated by the vigorous effort of non-executive staffs while the remaining 20% is due to the productive thinking of the executive. That is, by doing 20% of work, you can generate 80% of the advantage of doing the entire work.

12 Dirty Habits That Prevent You From Developing Exceptional People Skills.

INTRODUCTION  

 Chances are, if you’re not very successful at dealing with people, you haven’t had the chance to properly educate yourself. Learning to deal with people is like learning to walk except it requires a lot more work!

 Now imagine if your whole life you had been taught to walk backwards. Would this make your life much more difficult? Of course it would. Just like anything else, you need to learn exactly how to interact with people the proper way. 

Here we go: here are the 12 dirty habits you should always avoid when interacting with people.

 Dirty Habit #1 –Looking down at the floor when speaking to someone. You must learn to look at someone directly in their eyes when speaking to them. If you were taught that staring at people was impolite, you’re absolutely right. However, this does not mean you can’t look at someone in his or her eyes.

  Dirty Habit #2 – Slouching when you’re standing or sitting down. Stand up straight. In our society being tall is a good thing. When you slouch you appear much shorter. Not only will standing straight make you look taller but it will also give you a confident look.

  Dirty Habit #3 –Frowning and not smiling enough. No one likes to spend time with someone who’s in a bad mood. If you’re not feeling too great then try to keep your distance. People love to spend time with upbeat, optimistic people. Make an effort to smile, not frown.

  Dirty Habit #4 – Avoiding strangers. Since the day you were born, your parents have taught you never to speak to strangers. Well, you’re a grown up now and things have changed. In order to develop exceptional people skills you need to be comfortable speaking to all types of people. You need to meet as many people as you can.

Conflicts Resolution in Relationships.

God created human beings differently and in a peculiar way (1peter 2:9). No two human beings are the same. Moreover, we all have different backgrounds, exposure and experiences. Our differences are the reason for our disagreements which eventually leads to conflicts in relationships.

Facts about conflict:

1.       Conflict is a natural phenomenon: we are naturally different. Cain & Abel, Esau and Jacob, etc were different even though they were brothers from the same parents.

2.      Conflict is not same thing as quarrel: whenever there is conflict in a relationship, it is usually over an issue. But where there is quarrel, it means we have aggravated the issue to attacking personality. Oftentimes we allow conflict to degenerate to quarrel and it should not be so.

3.      Conflict in a relationship is an indication of deprivation of a personal need or value: we all come to a relationship with needs. Whenever a need is not met, it may result I disagreement which will lead to conflict.

4.      Conflict is a symptom: whenever there is conflict, what we need to do is to get to the root cause of the conflict. Pain (in a relationship) is an indication that something is wrong.  Don’t ever leave the parasite in the blood, go beneath the surface.