Financial IQ is made up of these ... - Deepstash
Introduction to Web 3.0

Learn more about books with this collection

The differences between Web 2.0 and Web 3.0

The future of the internet

Understanding the potential of Web 3.0

Introduction to Web 3.0

Discover 36 similar ideas in

It takes just

6 mins to read

Financial IQ is made up of these four main technical skills :

  1. Accounting
  2. Investing
  3. Understand Market
  4. The law

1.97K

11.4K reads

MORE IDEAS ON THIS

Choose your Heroes

Choose heroes: the power of myth

By having heroes, we tap into a tremendous source of raw genius.

“If they can do it, so can I.”

1.65K

4.12K reads

Reason for wanting to be rich?

When people ask me what my reason for wanting to be rich is, I tell them that it is a combination of deep emotional “wants” and “don’t wants.”

1.66K

5.51K reads

Analyse > Criticise

In the stock market, I often hear people say, “I don’t want to lose money.” Well, what makes them think I or anyone else likes losing money? They don’t make money because they choose to not lose money

1.67K

5.49K reads

Financial education first.

Financial Freedom starts with a strong financial education.

1.71K

8.24K reads

1.64K

4.55K reads

The key to wealth:

Rich dad used to say, “The key to becoming wealthy is the ability to convert earned income into passive income or portfolio inc...

1.74K

3.6K reads

Welcome new possibilities

Rich Dad believed that the words "I can't afford it" shutdown your brain.

"How can I afford it?" opens up possibilities, excitement and dreams

1.85K

6.52K reads

How to successfully pay yourself first:

1. Don’t get into large debt positions that you have to pay for. Keep your expenses low. Build up assets first. Then buy the big house or nice car. Being stuck i...

1.81K

4.35K reads

The Rich know:

The rich know that savings are only used to create more money, not to pay bills.

1.74K

4.8K reads

Grow your assets

Understand the difference between an asset and a liability; and grow your income-generating assets' column.

1.79K

21.6K reads

Desire to invest

As a habit, I use my desire to consume to inspire and motivate my financial genius to invest.

1.63K

4.38K reads

Don‘t bury your failures :

Failure inspires winners to become winners.

1.72K

7.51K reads

Cure for laziness

Be a little greedy. It’s the best cure for laziness.

1.75K

5.98K reads

Make that choice everyday.

I just choose to be rich, and I make that choice every day.

1.68K

5.6K reads

Stop Digging

“If you find you have dug yourself into a hole... stop digging.”

1.74K

14.8K reads

Meaning of wealth

Wealth measures how much money your money is making and, therefore, your financial survivability.

1.74K

13.2K reads

Your world is your mirror:

"It is true that your world is only a mirror of you."

1.67K

4.16K reads

How to overcome financial crisis:

When you get into financial hot water; use your brain to create more income while staunchly defending the assets in your asset column. And be like a good soldier defending the fort—Fort A...

1.64K

4.59K reads

1.67K

4.77K reads

Doubts often paralyze us:

We play the “What if?” game. “What if the economy crashes right after I invest?” Or we have friends or loved ones who will remind us of our shortcomings. They often say, “If it’s such a good idea, how come someone else hasn’t done it?”

Thes...

1.71K

6.11K reads

5 Roadblocks

There are five main reasons why financially literate people may still not develop abundant asset columns that could produce a large cash flow.

The five reasons are:

  1. Fear
  2. Cynicism...

1.82K

7.39K reads

The Three Incomes :

The Three Incomes In the world of accounting, there are three different types of income:

  1. Ordinary earned
  2. Portfolio
  3. Passive

1.69K

4.19K reads

WARNING:

Don’t listen to poor or frightened people. I have such friends, they are the Chicken Littles of life. To them, when it comes to money, especially investments, it’s always, “The sky is...

1.68K

5.03K reads

Always remember:

Profits are made in the buying, not in the selling.

1.72K

4.12K reads

Hardest pill to swallow :

One of the hardest things about wealth-building is to be true to yourself and to be willing to not go along with the crowd

1.67K

5.43K reads

Pay yourself first:

The power of self-discipline If you cannot get control of yourself, do not try to get rich. It makes no sense to invest, make money, and blow it...

1.71K

4.97K reads

Your best employee is your money.

Once a dollar goes into assets, never let it come out.

Think of it this way: Once a dollar goes into your asset column, it becomes your employee. The best thing about money is that it works 24 hours...

1.85K

10.6K reads

Education and wisdom about money are important:

Start early. Buy a book. Go to a seminar. Practice. Start small. I turned $5,000 cash into a one-million-dollar asset producing $5,000 a month cash flow in less than six years. But I started

1.69K

3.77K reads

Give and you shall receive:

Whenever you feel short or in need of something, give what you want first and it will come back in buckets. That is true for money, a smile, love, or fri...

1.69K

3.63K reads

Potential within us

We all have tremendous potential, and we all are blessed. Yet the one thing that holds us back is some degree of self-doubt. It is not so much the lack of technical information that holds us back...

1.79K

8.51K reads

Failures come just a step before success:

Before success comes in any man's life, he is sure to meet with much temporary defeat, and, perhaps, some failure. 

When defeat overtakes a man, the easiest and most logical thing to do is to QUIT. That is exactly what the majority of men do.

When failures come along the way, always k...

1.69K

4.03K reads

Passive and Portfolio Income:

When my rich dad said, “The rich don’t work for money. They have their money work for them,” he was talking about passive income and portfolio income.

Passive incom...

1.73K

3.76K reads

Related collections

More like this

Investing Books To Help Become Financially Free

  1. The Psychology of Money by Morgan Housel (helps understand money decisions and personal money management)
  2. Technical Analysis of the Financial Markets by John J. Murphy
  3. Principles by Ray Dalio (40 years investing principles and strategies)
  4. Warren Buffett and the Interp...

EQ and performance

Emotional intelligence (EQ) is the key attribute that distinguishes outstanding performers and is the leading differentiator between employees whose IQ and technical skills are approximately the same. 

Use IA in the early game

Use IA in the early game

Innovation Accounting is a way of evaluating progress when all the metrics typically used in an established company (revenue, customers, ROI, market share) are effectively zero.

Innovation Accounting is not only a way for individual teams to report their progress and communicate in financi...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates