Improve your financial IQ.

 Do you know why financial IQ is important? Do you think about it?

If you don't know financial IQ.

 Then No problem, today we will discuss about financial IQ.

    let's talk about financial IQ statement.

Financial statements are the basic and formal annual reports through which the corporate management communicates financial information to its owners and various other external parties which include investors.

Basically financial statement includes..

• Income 
• Assets 
• Expense
• Liabilities

Now let's about profit and net worth 

• Income - expense = Profit 
• Assets - liabilities = net worth 

But these are four things can take you very high  in life. If start to understand them people do not

 pay attention to these things.

Now if you need to understand these four things.

Now,

         So assets are those things that brings money in your pocket so build the such things bring the money in your pocket.

And we have to reduce such things that take money from our pocket.

We have increase our income and reduce our expenses.this is a single thing.

Shocking facts....

This is a single thing but still if talk about financial. In developed countries, people who know these four things in detail..that is 4 out of 10 people know, 6 people do not know.

And developing countries like India, 8 out 10 people india do not know this four things.

Now the thing is that...

How to you grow to increase your financial IQ?

If you want to increase your financial IQ then......

1. Budgeting 
2. Investing 
3. Debt management

 This dept management is very important.

If you manage the dept property, then your sibyl score also improve. so banker knows that his sibyl is fine.

Now the point here is that the financial statements that We talked about,the four major thing in it are a track record of regular income.

What is important? 

     It is not matter of earning once a year whatever you are earning, your banker will see if you are earning consistently or not.

You earn money, you earn profit its depends on your business to business. You have to pay attention to financial statements.

Build the assets....

Increase your income.

.......................................................................................