Financial Safety Advice

Human Intelligence

The ability to know, understand and assimilate something of reality is called intelligence. It is also the ability, skill or experience we gained from our daily experiences. Possession and use of intelligence can be conceived as the application of a body of knowledge, skills and abilities to solve a problem, the best way to respond to the demands that the world presents us to reflect, learn meanings, depending on the answer logical and quick decisions.

That is, in short, the ability to adapt to new situations, using the resources available, either from the external environment or internal resources to the individual. To develop the aspect of intelligence that helps us better manage our resources, we must understand what these concepts and how they apply to our reality.

Economic Intelligence

In a certain age in life, every individual has for himself and his dependents, personal responsibility: to provide the income or resources to enable it to meet their personal needs.

Competitive intelligence is the kind of skills and knowledge that enables people to learn how to generate resources to live as they wish. Taught to understand the world of production, how to apply their personal skills and exploit them for profit.

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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.