How can i improve my financial IQ to manage my resources better?

Terence

Hi Terence -

Financial IQ, unlike Mental IQ, is not inborn but learned. Start by understanding how business works and how financial resources are used to produce goods and services. Go to National Book Store and pick up a book on accounting. Read the first chapter. If that proves confusing, then pick up a marketing book and read the first chapter. Understand how finance empowers an organization to produce goods and services, extend credit, etc.

Write me back after you’ve read it. By the way, don’t buy the book just read thru it and perhaps make some notes.

Regards,
JOHNLU KOA

* * *

Have a query of your own? Click here to find out how you can send your inquiries (but before you do, please check out our FAQ section first).