DYNAMICS OF FINANCIAL FREEDOM
Financial
Freedom is a household name everywhere but the key to getting it which is
Financial Intelligence is almost lacking even to the first-world countries due
to diverse reasons but a key to sustaining financial freedom.
Financial intelligence solves money problems. In simple terms,
financial intelligence is that part of our total intelligence we use to solve
financial problems.
1.
“I don’t earn enough money.”
2.
“I’m deeply in debt.”
3. “I can’t afford to buy a home.”
4. “My car is broken. How do I find the money to fix it?”
5. “I have $10,000. What should I invest in?”
6. “My child wants to go to college, but we don’t have the money.”
7. “I don’t have enough money for retirement.”
8. “I don’t like my job, but I can’t afford to quit.”
9. “I’m retired, and I’m running out of money.”
10. “I can’t afford the surgery.”
Financial intelligence solves these and other money problems. Unfortunately, if our financial intelligence is not developed enough to solve our problems, the problems persist. They don’t go away. Many times they get worse, causing even more money problems.
Some examples of very common money problems are:
It is not real estate, stocks, mutual funds,
businesses, or money that make a person rich,” Kiyosaki writes. “It is
information, knowledge, wisdom, and know-how, a.k.a. financial intelligence,
that makes one wealthy.” He notes that buying a new set of golf clubs won’t
improve your game, but paying for lessons will.
The Dynamics of financial freedom can be
understood through the 3M's of Money
i. Making Money
ii. Managing Money
iii. Multiplying Money
i. Making Money
This first tier of financial freedom is the
process of starting a business or working as an employee to help you start
making money. It’s by learning to make money that you can continue to make money.
For each person, the process will be different. We each have different goals,
dreams, and ambitions. The important thing is to find the best way for you to make more
money, and then to build your goals around this.
According to Kiyosaki, the key to making money is
learning to solve problems. “In order to grow wealthy,” he writes, “you must
come to terms with the fact that problems will never go away.” Identify the
problems preventing you from wealth, tackle them head-on, and the money will
follow.
Read Mark Zuckerberg insight to this point http://tinyurl.com/zbqgbl4
Money lies and flies all around you, this is the reason why you
need financial intelligence to help you identify them. I need you to know that
lots of opportunities lie in the environment you live in or work in, so your
ability to quickly take note of the needs and problems and provide the solutions,
the more you make the money.
This is a
personal success note from my discovery, the first time I understood the tenets
of importing goods from China and receiving them at my doorstep here in
Nigeria, I did not even have the required capital to start but just as I kept
seeking for those in need of my service, I made my first sale and profit
without capital just by financial intelligence.
The
inceptive Pathway out of financial mess is Making Money.
Stay Tuned for the continuation...
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