Develop Your Financial IQ “Greatly Enhance Your Financial Sense In A Fun AndEasy Way – And Take Control Of Your Finances Today!” LEGAL NOTICE The Publisher has strived to be as accurate and complete as possible in the creation of this report, notwithstanding the fact that he does not warrant orrepresent at any time that the contents within are accurate due to therapidly changing nature of the Internet.While all attempts have been made to verify information provided in this publication, the Publisher assumes no responsibility for errors, omissions, orcontrary interpretation of the subject matter herein. Any perceived slights ofspecific persons, peoples, or organizations are unintentional.In practical advice books, like anything else in life, there are no guarantees ofincome made. Readers are cautioned to reply on their own judgment about theirindividual circumstances to act accordingly.This book is not intended for use as a source of legal, business, accounting orfinancial advice. All readers are advised to seek services of competentprofessionals in legal, business, accounting, and finance field.You are encouraged to print this book for easy reading.Develop Your Financial IQ -2- Develop Your Financial IQ Table of Contents Chapter #1: Foundation In Financial IQ 5 Definition of Insanity 5 What is Money? 6 Awareness Before Change 7 Time And Money 8 Chapter #2: Ways To Achieve Wealth 9 2 Wealth Building Models 9 3 Ways of Making Money 12 Chapter #3: The Most Important Rule In Investing 13 What Does Investing Mean To People? 13 Invest in Yourself 14 The importance of Financial Education 15 Chapter #4: How To Get Out Of A Financial Mess 17 Defensive Strategies 17 Offensive Strategies 18Develop Your Financial IQ -3- Develop Your Financial IQ “Greatly Enhance Your Financial Sense In A Fun AndEasy Way – And Take Control Of Your Finances Today!” Develop Your Financial IQ Chapter #1: Foundation in Financial IQDefinition Of InsanityNaturally, most if not all of us want and crave for something better. It is all part ofus if we want a bigger car, a better house, buying good things for the family. Wekeep hoping for more but, in order to get what you don’t have, you have got to dosomething you have never done before.That simply means: Doing the same thing over and over again YET expecting different results!As an employee, you can’t stay at the same job forever and hope that amiracle will happen and your boss will suddenly give you a raise. You will belucky that there is no downsizing in your company. Switching to anothercompany will only provide a short term solution to a long term problem.Sure, you can take up a second or even third job, but do you have enoughhours and stamina in a day to sustain it?The bottom-line: Trading time for money isn’t wise financial sense in the longterm. You keep on increasing the hours just to win the rat race, but in the end ofthe day, you are still a rat on the mill!Develop Your Financial IQ -5- Develop Your Financial IQIncreasing your wages only puts you in a higher tax bracket. Your salariesincrease but so does your expenses on your house and car. How will you investin yourself when all the time you spend working for a company, working for thegovernment paying taxes and working for the bank paying off your house andcar? What if you fall sick and can’t work tomorrow? Will the government takecare of your family?I highly doubt so.So isn’t it time you take your finances a tad more seriously?What Is Money?You see, there are many ideas of what people think money is.Some say it is a form of measurement.Yes, but a measurement of what? Wealth? In the olden days, people measuredwealth by how many cows, sheep and horses they had. But do people measurewealth today by your cows and horses? How about slaves? Was there a timewhere manpower is considered a hot commodity? Are slaves worth anythingtoday? Are your dollar bills sitting in the bank going to protect you if a recessionstrikes the country? No, wealth cannot be measured by the dollar bill.Some say it is a form of power.Yes, money can give you power, but if you are stuck on a desert island foreverwith a trillion dollars, will that money mean squat to you? If someone offered youwater and a helicopter to fly out of there, you would trade all your money in asplit second, so money is not an accurate measurement of power – it heavilydepends on how and wisely you use it (hint!).Develop Your Financial IQ -6- Develop Your Financial IQMany believe it is the root of all evil… and several others take onthis belief without much questioning.Now, now, now… money is NOT the root of all evil (otherwise, why do you thinkchurches still accept monetary donation and charity?). The love of money is theroot of all evil. Remember, money is an excellent servant but a terrible master. Ifyou are trading your life away for the dollar, money then has power over yourtime and life.And unless you have proper financial intelligence, the lack of money can spawna lot of evil thinking and negative mindset as observed in primarily cheats,thieves, criminals, breakups, freeloaders, cheapskates, and more to name.But what is money, really?Money is an idea, backed by confidence.While money has naturally been developed by merchants in the older days toreplace the questionable barter system, money today is literally invented by therich and wealthy.Entrepreneurs are willing to part with their money to buy other people’s time.Other people’s time i.e. employees and self-employed people becomes theiremployer’s asset and the employers this priceless resource to go on to createmore wealth for them.And here’s the thing: as long as you work for money, you are enslaved byit! 80% - 90% of the populations today are being enslaved involuntarily.Develop Your Financial IQ -7- Develop Your Financial IQWhat we don’t realize is that there is a part of our soul that cannot be bought atwhatever price. Would you chop off your little finger if your boss offered you 24months of your salary immediately? You and I know we are worth more than that.But when you hear of cases of people selling their body parts for cash in somecountries, we can have our eyeballs pop out of our eye sockets.On the other hand, we occasionally DO sell out a part of ourselves formoney like a donkey and a carrot.Awareness Before ChangeNow don’t get me wrong: I’m not banging on working at a job (I worked at onebefore I became an Internet Entrepreneur).But let’s face it: our needs today are growing more than ever before in anyperiod of history. Prices go up, salaries don’t. There are more baby boomersthan ever and have very little pension to show for their decades of years ofwork efforts.And there is no guessing to how many people really, really hate the unhealthy,hectic lifestyle of getting up early, coping with stress for most parts of the day,join traffic jams, spend more money and time in traveling, enjoy very little rest,and repeat the viscous cycle.Definitely doesn’t paint a nice financial and lifestyle picture, huh?The first step to change is to be aware of the problem. Awareness beforechange (or ABC for short) is necessary if you are to make any changes in life tostart taking control of your financial life and then get out of the rat race.We need the awareness to know what state we are in so we know where weare going. For starters, indulge me in a quick exercise as we exit this chaptershortly:Develop Your Financial IQ -8-

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