Bills IQ and financial intelligence
Have you read some Robert T Kiyosaki books? If you have read one of his books, then you will be understand why people can’t saving their money for their future life, because they don’t have Bills IQ, or in another word financial intelligence. Most of them spent their money for liabilities that actually will waste the money. Why? Because liabilities in the future only become wreckage stuff that will not bring you to earn money from that. What categorized in liabilities are such electronics, jewelries, household, accessories, etc, which will not bring you to earn income.
This will be different if you have assets. An asset is a matter that will give you money such income even you are not work on them. In most cases, assets can be houses, real estates, lands, companies, deposits or money savings. Why money savings can be categorized as one of many assets? Because we receive the bank interest from this, even we are doing nothing with the money. It is such a little asset. That is why people with high financial intelligence will much interested to deposit their money to the bank. Have you deposited your money in the bank? Have an asset? How much do you save in a day, week or month?
