What is financial intelligence?
Financial intelligence can be defined as the “ability to solve or avoid financial problems financial intelligence has much to do with the psychology of the individual, self-control and self-taught and that financial education is now a new issue that has appeared and has not been integrated into schools in many parts of the world.
Complementing the concept a little financial intelligence should be considered that intelligence itself is defined as a “set of skills used to solve problems and find distinctions, differences and similarities” to which eventually end up with a more comprehensive concept financial intelligence would be “a set of skills used to solve financial problems and may enter in this capacity to increase income or reduce personal expenditures.
In financial intelligence includes skills such as marketing staff, sales, the power to make friends and influence the strategy although some of these skills can be classified within the “social intelligence” as they become relevant as auxiliary financial intelligence.
In his book Child Rico, Smart Kid, Robert Kiyosaky the author notes that her wealthy father Financial ratio defined as where both your money work for you if your money works hard for you then you have a high financial ratio, if your money is not work hard for you then you have no financial intensive.
Fow quadrant of money shows that money flows where it is most closely the self-employed or business owners and investors.