Financial Intelligence, Wealth Building, Money – how well do you know these subjects? Many people put financial intelligence on the back burner because, let’s face it, Financial Intelligence doesn’t sound like the most interesting subject learn about. As soon as we hear financial intelligence or financial education we start getting flashbacks of those years when we had to sit in the auditorium style classrooms listening to a 60 year old woman preach to us about Ledgers, Balance Sheets and EBITDA (Earnings Before Interest Taxes Depreciation and Amortization).  Other people think they don’t have to learn it. They already have Financial Intelligence. How hard can it be? They can balance their check book, make sure that every bill is paid on time and have still enough money to survive until the next payday. But the reality is that paying your bills on time has absolutely nothing to do with your financial intelligence. Financial Intelligence is about learning the basic concepts of money; how it works and how to manage it. Financial intelligence is about learning how to save, how to invest. Financial Intelligence is about making your money work for you not the other way around. Financial Intelligence is the first step to building wealth.

Journey To Financial Intelligence

Money is Amoral…

There seems to be a notion among some people that wanting to build wealth is a bad thing. Particularly because building wealth implies having more money and having more money means you are greedy or immoral. Dave Ramsey, personal finance training coach, motivational speaker and author, teaches us that building wealth through financial education is not a bad thing at all. Why? Simply, because money is amoral. It has no moral qualities. There are rich people that do good things with their money, just as there are rich people that do bad things with their money. There are also poor people that do good things with their money, just as there are poor people that do bad things with their money. Having wealth or wanting to build wealth is not the issue. What we do with the wealth we have or the wealth we build is what makes all the difference.

Decide To Build Wealth

In reality, receiving a financial education and building wealth through personal finance training or financial literacy programs should be everyone’s goal. Here are a few simple reasons why:

1. Financial Security– Have you ever had a day where you knew you did not have to go into work and for some reason you still rose early, had a cup of coffee, worked on a hobby and had an absolutely awesome day? That’s because when we know that we are not forced to do something (i.e. go to work), our psychology automatically removes any stresses that may be associated with that action we are forced to do. Wealth provides Financial Security and Financial Security lets us concentrate on the things we love the most. To you that might be a hobby, spending time with family or perhaps giving back to your community and helping others achieve their wealth. Whatever the reason, building wealth will enrich your life and provide a life worth living.
2. Giving – Believe it or not, some of the wealthiest people in the world are also some of the most generous. Bill Gates, Warren Buffet and Oprah Winfrey all do amazing things with their wealth in their communities, the country and even other nations. Granted, chances are you will never become billionaire (I hope you do) but you don’t need Billions of dollars to give back to your community. The point is that when you have more money, you have the opportunity to give more, make a difference and receive self-fulfillment knowing you made a difference in someone’s life.
3. The Journey – Building wealth is by no means an easy task. It takes time, persistence and a self-made resolve. That, I think, is in large why many don’t take on the challenge. They say building wealth is of no interest to them but the reality is that they know they don’t have what it takes to actually go through journey. The journey will include on-going and constant study, personal finance training, financial literacy programs, personal development and among, all possible failures and uncertainties. This alone, may not be worth the journey to most. Building wealth takes a very special kind of person. You have to Build Wealth With The Right System and you have to decide to burn any bridge behind you. There’s no going back!

Related posts:

1. Financial Intelligence | The Most Important Subject in Life!
2. Financial Intelligence | The Missing Link
3. Reduce Taxes with Financial Intelligence
4. Build Wealth with the Right System
5. If You Want To Build Wealth | Do Not Save Money