Saturday, February 5, 2011

Financial IQ Tips

Becoming a millionaire has little to do with who you are but more with what you have and know. It has little to do with your university degrees and more to do with your financial education. You do not have to be a genius to be rich and successful. Statistics even show that the richest people in the world are not geniuses but creative-minded, risk-taking business owners. But you can't be that over night. You have to start investing in yourself first. Read financial books, attend seminars/ workshops, subscribe to relevant financial newsletter, go get accomplished mentors- learn only from those who have been where you want to be and done what you want to do. Act on every thing you learn as soon as you learn it. Nothing beats 'learning' like 'doing' . Time Management is as essential as Action Management. Surround yourself with the right kind of bright minds. Pay for their services if you have. Don't waste precious time trying to do very many little things that can easily be delegated. The time gained could be used to tackle the few big things that matter. Don't just aim to be self-employed. But strive to build a system round your special skills or talent. Building a system entails you finding a way to reach more people with your goods and services while having people work for you. With all your getting go get knowledge. Among the first thing you must know,though is who an investor and a trader is. Note the differences between a trader and an investor. And try find a way to be both. Now that's financial intelligence!

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