Foundation in Financial Intelligence
Definition Of Insanity
Naturally, most if not all of us want and crave for something better. It is all part of us if we
want a bigger car, a better house, buying good things for the family. We keep hoping for
more but, in order to get what you don’t have, you have got to do something you have
never done before.
That simply means:
Doing the same thing over and over again YET expecting different results!
As an employee, you can’t stay at the same job forever and hope that a miracle will
happen and your boss will suddenly give you a raise. You will be lucky that there is no
downsizing in your company. Switching to another company will only provide a short
term solution to a long term problem.
Sure, you can take up a second or even third job, but do you have enough hours and
stamina in a day to sustain it?
The bottom-line: Trading time for money isn’t wise financial sense in the long term. You
keep on increasing the hours just to win the rat race, but in the end of the day, you are
still a rat on the mill!
Increasing your wages only puts you in a higher tax bracket. Your salaries increase but
so does your expenses on your house and car. How will you invest in yourself when all
the time you spend working for a company, working for the government paying taxes
and working for the bank paying off your house and car? What if you fall sick and can’t
work tomorrow? Will the government take care of your family?
I highly doubt so.
Enhance Your Financial Intelligence - 6 -
So isn’t it time you take your finances a tad more seriously?
What Is Money?
You see, there are many ideas of what people think money is.
Some say it is a form of measurement.
Yes, but a measurement of what? Wealth? In the olden days, people measured wealth
by how many cows, sheep and horses they had. But do people measure wealth today by
your cows and horses? How about slaves? Was there a time where manpower is
considered a hot commodity? Are slaves worth anything today? Are your dollar bills
sitting in the bank going to protect you if a recession strikes the country? No, wealth can
not be measured by the dollar bill.
Some say it is a form of power.
Yes, money can give you power, but if you are stuck on a desert island forever with a
trillion dollars, will that money mean squat to you? If someone offered you water and a
helicopter to fly out of there, you would trade all your money in a split second, so money
is not an accurate measurement of power – it heavily depends on how and wisely you
use it (hint!).
Many believe it is the root of all evil… and several others take on this belief
without much questioning.
Now, now, now… money is NOT the root of all evil (otherwise, why do you think
churches still accept monetary donation and charity?). The love of money is the root of
all evil. Remember, money is an excellent servant but a terrible master. If you are trading
your life away for the dollar, money then has power over your time and life.
And unless you have proper financial intelligence, the lack of money can spawn a lot of
evil thinking and negative mindset as observed in primarily cheats, thieves, criminals,
breakups, freeloaders, cheapskates, and more to name.
But what is money, really?
Enhance Your Financial Intelligence - 7 -
Money is an idea, backed by confidence.
While money has naturally been developed by merchants in the older days to replace
the questionable barter system, money today is literally invented by the rich and wealthy.
Entrepreneurs are willing to part with their money to buy other people’s time. Other
people’s time i.e. employees and self-employed people becomes their employer’s asset
and the employers this priceless resource to go on to create more wealth for
And here’s the thing: as long as you work for money, you are enslaved by it! 80% -
90% of the populations today are being enslaved involuntarily.
What we don’t realize is that there is a part of our soul that cannot be bought at whatever
price. Would you chop off your little finger if your boss offered you 24 months of your
salary immediately? You and I know we are worth more than that. But when you hear of
cases of people selling their body parts for cash in some countries, we can have our
eyeballs pop out of our eye sockets.
On the other hand, we occasionally DO sell out a part of ourselves for money like a
donkey and a carrot.
Awareness Before Change
Now don’t get me wrong: I’m not banging on working at a job (I worked at one before I
became an Internet Entrepreneur).
But let’s face it: our needs today are growing more t