Financial Intelligence

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.

What makes a person wealthy is not real estate, mutual funds, and businesses. Not even money makes you wealthy. What makes you wealthy is "Financial Intelligence" (information, knowledge, wisdom and know-how). Money is the hands of an unwise person, just makes a fool with a lot of money and a great target for sharks, piranhas, and vultures to devour this fool. Let me give you an example, a new top of the line tennis racket, by itself, does not make you a better tennis player; what makes you a better tennis player is training, taking tennis lessons to develop knowledge of the game.

Wealth is developed with Financial Intelligence. Financial Intelligence consists of:

1. Increasing cash-inflows - increasing your income potential by creating more value on our products and services.
2. Reducing cash-outflows - creating a budget that will allow you to live well and still be able to direct funds to investments, charity, entertainment and education.
3. Protecting your wealth - developing plans that protects your estate from taxes, uncertain events, etc.
4. Leveraging your money - knowing how to maximize your return on your money. Benjamin Franklin once said "Money makes money and the money that money makes makes more money" Learn how to put your money to work harder instead of you.
5. Improving your financial knowledge - gain an understanding of the basics of finance to be able to make better financial decisions. Never allow your financial advisors to take control of your finances. Let me explain, going back to our tennis analogy the tennis coach will be there to provide you training, advice, helping you to increase your knowledge of the game, but they do not play the game for you.

In my opinion, one of the main causes for the recent recession is due to the fact that most people lacked financial intelligence. Most people were playing a game that they did not understand the rules of the game. People were unprepared and were slaughtered, they became easy targets for scammers who sold them these "financial products" that were bound to fail from the beginning. For that reason, we have prepared a short Ebook "Increase Your Financial IQ" with the goal of helping you increase your Financial Intelligence. As a subscriber of the Wealth Building Network we will make this ebook available at no cost to you.