88. The Purpose of Your Financial Education - Your Financial I.Q.

Your financial education is a tool box that allows you to convert the maximum possible percentage of the money you earn by working at your profession into capital that will provide you with life-long wealth and security.

The purpose of educating yourself financially is to raise your Financial I.Q.

Financial I.Q. is not about how much money you make but about how much you keep and for how long and how hard it works for you.

You know that your Financial I.Q. is increasing when your money is buying you more freedom, happiness, health, fun and choices in life than before. The reason people say that money is power is that it gives you more choices.

Remember, the more you NEED money, the less power you have. You have power over money - never become a slave to it.

It is a grave mistake too, to ever think of yourself as poor. If you have no money, you are merely broke. Being broke is temporary, being poor is eternal. Remember this because it is a very important distinction.

Never say "I can't afford it." Rather, you should ask yourself "How can I afford it?" This has the effect of forcing your mind to focus on the solution, not the problem an to think for its self. The other way leads the mind to accept the statement and give up trying.