FINANCIAL IQ EXPLAINED

Financial IQ is most important thing in life.

This will help you to achive financial freedom.

The 5 financial IQ's.

1. make more money

2. Protecting your money

3. Budgeting you money

4. Leveraging your money

5. Improving your financial information.

Difference between financial IQ and financial intelligence.

Financial intelligence

👉 The ability to make more money.

👉 We use to solve our financial problems.

Financial IQ

👉 The ability to keep more money.

👉 Measures the percentage of income a person keep against the percentage of income financial predictor take.

2 kind of budget

Budget is a plan for the coordination of resources and expenditure

1. Budget deficit

"Exess of spending over income for a government , corporation, or individual."

Spending more than you make is couse of a budget deficit.

2. Budget surplus

"A budget is an excess of income over spending for a government , corporation, or individual over a particular period of time."

The difference between rich and poor

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