Financial Intelligence!
We all have money somehow. But It's so certain that the majority of us, don't have the 'Financial Intelligence'!
What is 'Financial Intelligence?'
Financial intelligence (FININT) is the gathering of information about the financial affairs of entities of interest, to understand their nature and capabilities, and predict their intentions.
Well, maybe it sounds crazy and pretty tough to understand this typical definition, right? Simply, Financial Intelligence is another word from 'Financial Literacy'.
Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. Now, I just don't wanna talk about the importance of having such kind of literacy. There's literally a huge importance of having complete knowledge about 'Financial Literacy' and It may need a million words just to explain this by the way.
Financial literacy is important because it equips us with the knowledge and skills we need to manage money effectively. Without it, our financial decisions and the actions we take—or don't take—lack a solid foundation for success.
Well, What are the main components of financial literacy?
There are five (5) core competencies of financial literacy: Earning, Saving & Investing, Spending, Borrowing, and Protecting. As you make financial decisions each and every day, you should use these five building blocks for managing and growing your money.
And I'm gonna make you professionally knowledgeable about all the five components.... Just keep watching our regular posts! Happy Learning about Money!!
...............................................................................................................................