Financial IQ is a measure of how well you do with money. Having a high financial IQ doesn't mean that your investments outperform the market or predict you'll retire a millionaire. Rather it means you handle money responsibly. You make smart money decisions and spend and save according to a plan.
Herein, how do you get financial intelligence?
If you're looking to boost your financial intelligence, here are seven habits to pick up in the new year.
- Read about personal finance.
- Track your net worth.
- Track your spending.
- Meet with a financial adviser &/or tax planner.
- Invest in yourself.
- Focus on what you can control.
Similarly, how do I teach myself financial literacy?
That being said, here are some simple ways to help you become financially literate.
- Hit the Books.
- Read Magazines and Online Publishers.
- Use Financial Management Tools.
- Listen to Money Podcasts.
- Take a Financial Literacy Course.
- Get Your Math On.
- Read the Government Resources.
- Break Your Consumer Mentality.
How do I raise my child's financial IQ?
"How to Raise Your Child's Financial IQ" is a book written for children capturing the essence of personal finance without being watered down. Children and adults alike will benefit from learning about the most important things (Compound Interest, Savings, Debt, Budgeting, and Net Worth).
Is Kiyosaki a billionaire?
Kiyosaki is the founder of Rich Global LLC and the Rich Dad Company. He is also the creator of the Cashflow board and software games to educate adults and children business and financial concepts. As of 2020, Robert Kiyosaki's net worth is roughly $80 million dollars.
|Net Worth: ||$80 Million |
|Last Updated: ||2020 |