Steps To Enhance Your Financial Intelligence

Financial intelligence is one of the skills that we need on earth to not only be able to build streams of income but also to establish a comprehensive financial blueprint that guarantees generational wealth and fulfillment.
Families that are able to transfer wealth across generations did not merely leave their children their money as inheritance. They left with them a legacy of financial intelligence. Rockefeller’s children were taught from the tender age of 4 some key principles about money, no wonder he was able to transfer his wealth and his children grew up to be responsible and wealthy men. He gave them 5 rules, which forms the crux of this post.
The Rockefeller rules for his 4yrs olds are still as relevant today as they were then. They are also very applicable to every age, these are the key tenets of financial intelligence that created and sustained wealth.
Rule 1: Plan and work for all you get!
Rockefeller taught his children to learn to work, to learn to solve other problems, to learn to create value, to learn to be rewarded for work done, rather than be given gifts or to beg. Work is the horizontal flow of value from a supplier to a consumer. Money flows in the direction of service. Money that is worked for is replicable. He ensured that his children understood that money is a reward, not a gift or a right.
Rule 2: Give away at least 10% of your income from time to time
Different religions encourage their people to part with 10% as an offering or as a commitment to God. All the great and rich men of all times, have shared this same principle. Giving away at least 10% of your money is a way of sowing, planting or INVESTING. Giving opens up your hand to receive more and more.
Rule 3: Pay yourself at least 10% all your income
Don’t spend all the income that you generate from time to time Set aside at least 10% to be saved in account on a regular basis. One of the most popular financial books – The Richest Man in Babylon, alludes clearly to the fact that 10% of what you earn should be saved as yours. What you pay yourself is not for any other.  It’s yours to utilize for more income and happiness.




Rule 4: Live on the rest.
Many of us find it increasingly and extremely difficult to live within our means. Before we collect the salary for the month, 80% of it is already carried forward to service debts. We must learn to live within our means. Parkinson’s Law states that when money increases, those that will help consume it also increases. We must however learn how to contain ourselves within our means. A times we need to dim our present, to brighten our future.
Rule 5:Account for every dime
Now this is difficult. It involves being shrewd and taking the time and diligence to track daily spending. There are two parts to accounting for every penny (kobo), one is done ahead of spending, called budgeting, and the other after spending, called accounting. Budgeting is planning; this is crucial to financial success. The pain of accounting is not absolutely useful on the short term, but on the long run it gives you a clear picture of your priorities.
A rich man once said, “Money is a game” If you know the rules you win, if you don’t know the rules you don’t win.
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Yours sincerely,
Aminu Sule
08092253255

Decide To Break Free From Poverty And Lack!

The most important factor in your financial success is your DECISION to become wealthy. This is the law of choice; what you choose is what you get in life. Your decision determines your destiny.
Will power is essential to any success. Will power is based on faith, confidence and conviction. Where there is a will, there is a way. Will power can be developed by persistence, by working on your goal and by reading or listening to the biographies and works of successful people.

As a man thinks in his heart, so he is. The way poor people think is entirely different from the way rich people think. There are certain beliefs that characterise the wealthy just as the poor are also characterised by some set of perceptions.

Normally your belief becomes your reality. Whatever you intensely believe and confess becomes reality in your life with time. Successful people absolutely believe that they have the ability to succeed. They never entertain, think or talk about the possibilities of failure. Your beliefs govern your actions and your actions determine your destiny.

It’s actually your mindset that determines whether you’ll be poor or wealthy in life. Your personality determines your financial conditions at any given time. If you learn to imbibe certain core values, making money becomes like a child play. Your habits can attract money to your life or make money fly away from you.

If you fail to plan, you have actually planned to fail. Wealthy people live by plans-carefully laid out, and religiously implemented. Set a long-term financial goal for where you want to be in 5 years and a smaller, short-term goal for where you want is in 12 months.

Watch out for more inspiring post from me. Feel free to like and share this site with others.

Yours sincerely,

Aminu Sule

08092253255

amazingaminu@gmail.com