Mika
VIP Contributor
Do you know what you need to be financially successful? Well, you might say you need a high-paying job, a successful business, or winning products to make money for you and help you become financially successful. Sure, these things can help you become financially successful, but what do you actually need to get a high-paying job, successful business, or winning product? You might say skills. Yes, you need skills, but do you realize skills are not enough. You need financial intelligence.
Financial intelligence is the ability to control cash flow. Sadly, this is not taught in schools and colleges. They teach you about taxes and most of the money you earn in your life will be spent paying taxes.
Financial intelligence will help you differentiate between assets and liabilities. If you buy a car, it is not an asset, you spend money on gas. But if you buy a taxi cab it is an asset.
You might earn a lot of money but if you cannot control cash flow, you will become broke in 2 years.
Financial intelligence is the ability to control cash flow. Sadly, this is not taught in schools and colleges. They teach you about taxes and most of the money you earn in your life will be spent paying taxes.
Financial intelligence will help you differentiate between assets and liabilities. If you buy a car, it is not an asset, you spend money on gas. But if you buy a taxi cab it is an asset.
You might earn a lot of money but if you cannot control cash flow, you will become broke in 2 years.