If we learn financial intelligence we need to know exactly what it is and how to go about it. I’m going to suggest that if you want to excel in the 21st century you need to have money work for you, not just work for money. That’s an important part of our education. Who would have gone to a lesson of financial intelligence if they had taught it at school? I know I would have been at that lesson if I had a choice!

In order to become financially independent, there are a few basic words we need to understand. I call them financial intelligence words. Income and expenses are two which come to mind. Income is money going into is pocket while expenses are money that goes out of our pockets. There are also things called assets and liabilities. For me assets make me money while liabilities cost me money.

Now banks tend to view this differently. For example, the banks view your home, car, and furniture as assets, but for me they cost me money from month to month. This is my opinion, doesn’t make me right or wrong. My millionaire mentor used to say “Do you want to be right, or do you want to be rich??Make up your mind. I’m glad I forgot about who’s right and who’s wrong and just decided to become rich.