When people have low Financial IQ, and as a result begin to suffer consequences such as chronic debt, loss of investment in a Ponzi scheme, or extreme poverty, they tend to develop deep feelings about money.
Welcome to the new Financial Intelligence series on Money and your Emotions.
This is a topic that concerns everyone that ever has anything to do with money.
At one time or the other, you may have made a financial decision out of emotion rather than reason.
Bitcoin was meant to trigger the biggest wealth transfer in history. Cryptocurrencies as a whole was meant to close the wealth gap between the poor and the rich – forever. It was meant to give the middle class a competitive…
DO YOU KNOW WHAT IT MEANS TO BE DEBT FREE? Let me give you 3 scenarios: ★1. Mrs. John is a 58-year-old wife and mother of 5 children at different stages of Education; and a Level 16 Civil Servant who…
Protecting yourself doesn’t mean you have to get into your shell and stop seeking out new information about investments. Rather, it does mean you should take care to evaluate whether the person giving you the information is trustworthy.
It would interest you to know that fraudsters rely on a variety of techniques and tactics to trick consumers out of there money. While some may be quite common and easily recognizable, other are pretty subtle.
There are certain traits you exhibit or circumstances around you that expose you to the risk of falling for Financial Scam.
Before any financial fraud takes place, the fraudster must have had a well planned and fail proof strategy to convince you to dip your hand into your wallet.
Financial Intelligence requires that you not only know how to make and multiply money, but also how to keep it (from yourself and fraudsters) and make it work for you.
You must learn to balance these three aspects of your emotion for you to have a smooth life.