Tag Archives: financial iq

Lack of financial knowledge

        I’m going to let you in on a little secret, many people don’t know a lot about budgeting, saving, credit and investing. Are you surprised? Probably not if you’ve had any recent conversations about money with your peers.   According to the NFCC Annual Financial Literacy Survey, sixty-one percent of U.S. adults admit to not having a budget and forty-one percent gave themselves low or failing grades based on their knowledge of personal finance.   My first thought after reading a statistic like this is; if money issues are causing people this much trouble shouldn’t financial … Read More >

What Exactly Is Financial IQ?

by admin on November 6, 2015

Ah, the million dollar question: “What exactly is financial IQ?” The sad truth is that if you happen to be asking this question, just by asking it, you have put yourself ahead of at least 90% of the world’s population (so congrats!).  This is because most people are only concerned about earning money through their labor and then quickly spending that hard-earned cash on products or services which actively make them poorer. Anyway, I believe Financial IQ is more of a process than a goal.  It is something only the affluent seem to care about.  Simply put, financial IQ is all … Read More >