Financial intelligence
could be defined as financial literacy. Individuals require financial
intelligence for their personal lives as well as their business. In order to
know if you are financially intelligent, you need to take the financial
intelligence test below…
Financial
Intelligence Test
Take a sheet of paper
and pen and answer yes or no to the following questions.
1.
Do you know what stage you are in the financial
circle?
2.
Do you know you net- worth?
3.
Are you satisfied with your current
net worth?
4.
Do you have a financial plan?
5.
Do you set financial goal?
6.
Do you have an emergence fund i.e.,
enough savings to see you through six months of normal living expenses if you
lose your job or have an emergency?
7.
Do you save money regularly
8.
Do you have a bank account?
9.
Do you reconcile your bank statement
every month?
10.
Do you know how much you spend on a
monthly basis?
11.
Does your spending exceed your
expenditure?
12.
Do you have a personal, household or family
budget and do you successfully manage it?
13.
Do you avoid credit purchases?
14.
Do you have any investments?
15.
Do you take advantage of savings and
investment opportunities that come your way?
16.
Do you diversify your investment?
17.
Do you have life insurance?
18.
Do you have a plan for your children
education?
19.
Do you own a house or have a mortgage?
20.
Do you have a retirement plan?
21.
Do you have a will?
22.
Are you financially independent?
23.
Do you give money to a worthy cause or
the less privileged?
24.
Are you satisfied with the
contribution you have made to the world?
25.
Do you have a financial coach or financial
adviser?
SCORES
Do not despair if you
have more no’s than yes’s. The key thing is awareness, the law of awareness
says, “You must know yourself”. The key thing is to know you need help and
begin to take necessary steps to get yourself to where you want you to be.
SO
HOW DO YOU IMPROVE YOUR FINANCIAL INTELLIEGENCE?
First of all, you are
already on the right track since you are reading this column. Good job. There rare
lot of resources available to us in this present generation. The internet
provides access to unlimited resources and information regarding financial
intelligence.
It is important to
read books and also speak to experts in the field such as financial coaches. You
should also attend seminars and make sure you continue reading this column.
-Omilola
Oshikoya
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