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$ Financial Intelligence $

Financial Intelligence
how and why you need to improve yours...


Cost of Ignorance | Roth IRAs and real estate | Equity Trust| Ken Varga |
Millionaire Mind | Millionaire Next Door Book | Napoleon Hill | IQ Tests | Franklin Covey | Robert Kiyosaki | Ron LeGrand | T Harv Eker | Cash Flow® Game |

Financial intelligence is generally an oxy-moron.

According to Congress and CEO's of large companies, we are heading for a social crisis because of the growing scale of financial illiteracy.

The question is: What can you do about it?

How do you become one of the 3% that retires financially independent? Or to phrase it differently, how do you avoid becoming part of the 97% (over 65) that doesn't?


You're on the right track - just being here...

Just being here to learn about real estate investing indicates your interest in improving your financial intelligence.

Real estate can be the most important segment of your retirement portfolio - or the only one for that matter.

Regardless of your inclinations regarding:

  • types of investments
  • your risk comfort zone
  • rate of return, etc...
  • Real estate needs to be part of your overall investment portfolio and long range retirement plans because one of the corner stones of wealth creation is real estate.

    And the fastest way to accomplish wealth creation is through improving YOUR FINANCIAL INTELLIGENCE.

    Real estate investing will make you rich. If...

  • you have the right information
  • you are persistent and develop the skills and expertise you need
  • you are willing to work hard and make mistakes

  • The Cost of Ignorance:
    An Important Lesson in Developing Financial Intelligence


    Real estate investing giants, wealth creation experts, and accomplished masters of financial intelligence - Ron LeGrand and Robert Kiyosaki both agree:

    "If you think education is expensive, try ignorance." Note: Recently I Googled that quote and came up with the name of Derek Bok of Harvard University - referring to it as 'Bok's law'. But it occurs to me that I remember reading in an old book that this is originally a Benjamin Franklin quotation. At this point I am unable to verify that statement.

    This message comes through repeatedly in their seminars, courses, books and audio tapes...


    Robert Kiyosaki often talks about the concept of financial intelligence and literacy - see what he says about it. Also check out his Cash Flow® Game that teaches how to manage cash flow.


    Ron LeGrand is definitely one to be included in the group of real estate investing gurus whose stated purpose is to create millionaires.

    He refers to the financial literacy is more fundamental ways like, "You have to get rid of your stinkin' thinkin'."

    Fill your mind with the right kind of stuff.


    The Millionaire Mind

    is a concept created by and his book entitled, "The Secrets of The Millionaire Mind" hit #1 on the New York Times Best Seller List the first week.

    T. Harv Eker is a money genius, find out more here...

    T Harv Eker
    Millionaire Mind
    Millionaire Mind Evening
    T Harv Eker Picture


    I attended his 3 day Millionaire Mind Intensive and read his book in May 2005.

    Wow!

    Talk about curing financial illiteracy.

    I think perhaps the greatest identity issue is common to most people who struggle to succeed - the lack of self-worth.

    The book is terrific and definitely one to keep next to your bed. It is an easy read but profound - and it all makes so much sense.

    The MMI seminar is amazing - and you walk away with completely different prespective about money and wealth than you did prior to the seminar. You also walk away with a plan to execute to change your life thereafter.

    Really good stuff...


    Did you know that your Roth IRA can own real estate?


    A big part of financial intelligence is learning how to keep more of the money you make.

    One of the most valuable real estate investing tips came from Ron LeGrand when he told us how we could own property in a self directed Roth IRA.

    Check out the ultimate in financial intelligence - self-directed Roth Individual Retirement Accounts for yourself at Equity Trust Co.

    Equity Trust Co. is among a small handful of administrators that specializes in real estate. See what options are availble for yourself through Equity Trust.

    Equity Trust Co: IRS-Approved IRA Custodian

    Mid Ohio Securities, now Equity Trust Co., was authorized by the Internal Revenue Service (IRS) to be a non-bank trustee/custodian for Individual Retirement Accounts on January 28, 1983. This is a very unusual designation requiring an impeccable track record and business ethics.

    It's also encouraging to note that the founder of Equity Trust - Dick Dessich - is a very successful real estate investor himself.

    Talk about a financial intelligence resource.


    Quite frankly, much of the current social perception about money and wealth creation is wrong - for a lot of reasons.

    The Millionaire Next Door

    If you think this statement is incorrect, read a book written by a couple of well qualified Ph.D.'s, Thomas Stanley and William Danko entitled, "The Millionaire Next Door, the surprising secrets of America's wealthy".

    Inside the front jacket of the book it says:

    "Follow this remarkable blueprint to wealth - and learn the secrets to creating a fortune."

    Of course that is marketing hype, but fundamentally it's true.

    A lot of research went into this book - and not in a lab - in the real world, interviewing hundreds of millionaires around the country. The authors did their homework.

  • A summary of the book, to quote T Harv Eker, is:

    "The difference between rich people and those who are not rich is rich people spend less than they make."

    It's clear that if you want to improve your financial intelligence, you must first be willing to accept the fact that

    There might be a better way to look at and think about the world of money and wealth. Unless we were raised in a wealthy family, or mentored by a wealthy individual, being rich is not what we have been taught.

    The brightest and wealthiest people do.


    "The only difference between attitude and aptitude is a 'p'."
    Michael Barrett, 2002.

    Speaking of financial intelligence...

    One of the smartest guys I know personally - when it comes to money and financial intelligence - is Ken Varga. Mentors magazine.com did a 7 page cover story article on Ken Varga in the January/February 2001 issue entitled,

    "How To Convert Customers To Wealth. 32 successful businesses in 33
    years, how did he do it?"

    In response to a request for a
    simple tip that every day people
    can use to improve themselves
    and become successful, Ken said,

    " Every successful person I know
    or have read about - scientists,
    businessmen, authors, inventors
    - what have you - all have one
    thing in common.

    They all journal everyday.

    Incorporate it into your daily schedule, I have for a long time now - and not diary stuff either - thoughts, ideas and events that trigger them. It works and it doesn't cost anything. "

    Ken is a genuinely fine person. In our conversations, it became clear that he is intensely loyal, kind, a great father, husband and a real family man. His candor, strength of character and great sense of humor are only exceeded by his drive, creative genius and desire to make a difference in the world.

    And he is well on his way to doing that...

    If you are unfamiliar with Ken Varga's work, you should get a copy of his book: "How To Get Customers to Call, Buy and Beg for More."

    It is definitely a must have in your library and arsenal of tools to improve your financial intelligence and your life.


    Napoleon Hill

    Unquestionably, the one man who made an impact on more people - than any other single individual during the 20th century - in the arena of self improvement, wealth creation and developing correct thinking was Napoleon Hill, the grandfather of modern Financial Intelligence.

    He spent twenty years as a young man, investigating why successful people are successful by interacting with

  • the financial geniuses of his day
  • the builders of modern America
  • philanthropists
  • inventors
  • industrialists
  • bankers
  • manufacturers
  • politicians
  • and other highly influential people in all walks of American life.
  • His book, "Think and Grow Rich" is still a best seller to this day and has been since 1937.


    Test Your Financial Intelligence

    There are many online financial iq tests, just search Google. Most of these tests online are related to a specific industry with a desired result - for example - selling you life insurance, financial services or various investments.

    There's nothing wrong with that per se...

    Part of financial intelligence is learning about many different aspects of business and money.

    But the real goal here is to help you step out of the box of generally accepted attitudes and understanding about wealth creation.

    If you really want to achieve extraordinary results in your life, you can't do what everybody tells you - and what is "normal" - because most of the people telling you these things have not accomplished "true wealth and financial independence" themselves.

    Why would try to improve your financial intelligence with advice from somebody with an average or lesser ability or level of experience than you?

    That's crazy - if you think about it - and all too common.

    Take a different approach and listen to what the highly successful have to say about it. Be willing to take an unorthodox approach to real estate, education and improving your financial intelligence.


    For Starters - Why Not Take A Few Online Financial IQ Tests

    Just To Get a Fix On Your Coordinates
    and Your Financial Intelligence



    This one is kind of fun - pretty traditional thinking but useful in general terms...

    Some of the answers are debatable based on your individual philosophy and understanding of money as an entrepreneur and in terms of pure logic, but check it out anyway.

    How does your financial intelligence stack up against the competition?

    What is your financial IQ?

  • What's your score?
  • What do you need to work on?

  • Here is a real IQ Test

    Interesting if you never took one before or want to see where you are in the scale of things.

    It's pretty accurate by the way...

    The people who put this site together seem to know a lot about human nature - and they do an excellent job of marketing, see what you think.

    What is your IQ?


    What are other key components of financial intelligence?

  • mental, emotional and spiritual balance
  • developing the right thinking
  • developing the right attitude
  • reprogramming your perception of money and your financial IQ
  • developing and practicing new habits
  • get started and eliminating procrastination
  • get organized, set and write down your goals and put the plan into action

  • Another Excellent Financial Intelligence Resource
    The Franklin Covey Group

    Franklin Covey is a world class training group that offers local hands on training in major cities on an ongoing basis.

    The "Franklin" actually came from Benjamin Franklin who was the first American to develop a system of using a "daily planner". He was, by the way, astute financially in many arenas - a highly successful business owner, politician, statesman, author, inventor and negotiator.

    (Personal note: I have had a Franklin planner for about 8 years, but only recently attended my first training on how to use it. It's good training and worth the money. We're not affiliated with Franklin Covey, by the way.)

    If you want to get a handle of your life - get organized and maximize your financial intelligence - start with a course from Franklin Covey - here => http://www.franklincovey.com


    Financial Intelligence Newsletter

    You can even subscribe to a newsletter called - "Financial Intelligence" here.


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