Who don't want Money?

Money Money Money...

Who don't want money...

I think everybody heard of the chinese/hokkien song...

"What if I have 1 million?''

so the song includes.. I will take aeroplane, stay big house, buy big car... and so on.. alot of things they want to get. True.. everybody wants to get that...if they have 1 million

However, after reading books and thinking back.. I came to a conclusion too...


'Money doesn't make somebody rich, Financial Intelligence does'

So what if Uncle ABC, with no financial intelligence, has alot alot alot of money, but he don't know how to manage it?...

Research and studies have shown, and everybody knows... People who get big money from windfall, lotto, lucky draw, lottery... lose that 'big' money as fast as they get it.

so when Uncle ABC won $1 million from lottery, he will want to get alot of things, even those he may not even need. How long can his wealth stays?

Money is a tool, and a financial intelligence is the toolbox. If you have high financial intelligence, meaning bigger toolbox, you can handle big amount of money. If you have low financial intelligence, ie smaller toolbox, you can't handle big amt of money.

So what happens? Your toolbox can only fit in the largest tool it can fit in. So what about the rest of the tools? It will be at other places.

Coming to back to a more realistic example, Uncle ABC has only earned $2000/month, and maybe keeping a regular saving of $500/month. He does not manage big money before, and the most he may see is his few tens of thousands in his bank, for e.g. And 1 day, he won $1 million!
He never see so much money in his life before. And so.. you guys noe wat he will do...
After..let say a few years, he found his bank back to normal... then what he do next?

He sees that $1 million can just come with just a lottery ticket of..let say $10. WOW. so what if I buy more tickets? I can win more millions! I can get higher chances of winning! And so he continue to buy and buy..and he hit!, sometimes $100. So he will tell himself.'' Oh! my luck is coming!! I think I should buy more tickets, higher bets.'' Then he buy and buy...

However, he dint see it coming, not even the little ones. But he want to win back all that he has put in!! What to do... what to do...

For this is an example for low financial intelligence, and its normal

Why normal? School never teach what... So we learn from our surroundings, the society... anything we think its right... and maybe from the media too...

Why media? I think you guys have watched news or seen on chinese newspapers..with headline...

"Who will be the Next Millionaire tonight?''
Story would continue saying many people are queing at XYZ 4D branches, because these are the branches that has always won the top prizes..and has made alot of people Millionaires. And that's why alot of people are queing, and hoping they would be the one tonight!

Stories like that always makes people think millionaires are created this way.

Eh brother!! If millionaires are made this way, why aren't they on the FORBES millionaire lists?
If millionaires are be made this way, why can't I find this on the list...

.. Bill Gates, Mircosoft, Software
.. Warren Buffet, Berkshire Hathaway, Investing
..
.
.
.
.. Uncle ABC, 4D/To-to, Lottery?!?!?!

haha. interesting isn't it?.haha.

Millionaires are not created this way. Millionaires are calculated on accumulated wealth, and net worth. And so you see... everybody wants money..no doubt, who doesn't want.. but how many of them are taking the correct route to getting them. The slow and steady, and not the fast and easy route?

And by saying that, it all boils down to Financial Education, to increase Financial Intelligence.

From the old, historic, best-selling book by Napolean Hill's "Think and Grow Rich"...

" Money without brains is dangerous"

Yes. This quote just explains everything.

So how to increase my Financial Intelligence?

You can always read business books, e.g. Rich Dad Poor Dad, Think and Grow Rich...
to increase your Financial IQ. However, most people seldom does these... they always got an excuse '' Read so much for what...''

It's normal. However, I've got a short movie to teach about MONEY. It saves you the time you need to finish a book.

''What the Wealthy, Middle Class, and Poor buy on Payday"

Click here to view What the Wealthy Buy on Pay Day (English)

Enter name and email address to get your FREE ticket! Rest assured your email would not be shared and given away.
I will put the link on my right sidebar, so you can get your free ticket anytime you want to. :D

If watching this video will 'waste' your time, and think its 'useless', I recommend that its better to press the "Back" button on the top left hand corner of your browser... and continue to look for BIG prize lotteries!!

Till then :D