Where It All Started

Since a very young age, I developed a keen interest in Financial Intelligence – what it means, and what it is that makes rich people richer and poor people poorer. Of course, a lot of success brings marketing itself – without the right promotional campaign, in the business and finance world – you’re nothing! In novadays, when social media takes priority in marketing, so you can easily find affordable views for your video or subscribers for your YouTube channel, and rank your brand better in second search engine recently.

My interest was sparked by my Dad, who at age 47 started investing and achieved financial freedom at 55. As a farmer in Northern Kwa-Zulu Natal in South Africa, he worked hard out in the field every day. Tending to the cattle, sitting in the scorching sun on the tractor ploughing and baling hay.

He married his neighbour’s daughter and was bound to work for his father-in-law to repay his “bride price” or “lobola” as we know it here in our culture. But one day he started getting fed-up with all the fights and disagreements that arose, as my Grandad was only ever pleased when he saw my Dad sweating out in the fields. He made a decision that altered the rest of his life and financial destiny – that he will not labour like this for the rest of his life. That he will start using his mind to work for him, and to find ways to work smarter and not harder. He came across Robert Kiyosaki’s book Rich Dad Poor Dad that inspired him to escape the Rat Race – and escape the Rat Race he did.

As a chartered accountant, it is my passion to educate people on this subject. I would like to share some of these principles with you, derived from Financial IQ guru Robert Kiyosaki. I believe that having the right financial education today is more important than ever.

What Solves Money Problems?

There are two kinds of money problems – you either don’t have enough money, or you have too much money. I would like to focus on the first problem, for now, not having enough money.

1. Having more money does not solve the problem of not having enough money. Take for instance the idea of welfare or social grants. Giving money to the poor does not solve their money problems, it only prolongs the problem and creates more poor people. All you have to do to qualify is to be unemployed, so the system benefits those who are lazy and punishes those who take initiative. Similarly, many people who win the Lotto end up in debt a few years down the line, simply because they do not have the financial IQ to sustain their sudden wealth.

2. Hard work does not solve money problems. The world is filled with hardworking people who have no money to show for it. Hardworking people who earn money, yet grow deeper in debt, needing to work even harder to earn more money.

3. Education alone does not solve money problems. The world is filled with highly educated poor people. They are called socialists. But more than education is needed to become financially savvy.

4. A job does not solve money problems. For many people, the letters J.O.B stand for Just Over Broke. There are millions who earn just enough to survive but cannot afford to live. Many people with jobs cannot afford their own home, health care,ilimo lga car service, education, or even set aside enough money for retirement.

What, then, solves money problems? Only Financial Intelligence solves money problems.

Solving money problems requires a different kind of intelligence, and a different mindset, to what a lot of people think is the logical way of solving these problems. More money, hard work, mainstream education or an extra job will only lead to short term results until the problem arises again. My aim with this blog series is to help you break out of this old mindset and start thinking like the rich.

In my next post, I will be sharing about What Financial Intelligence is and How solving money problems makes you Smarter and increases your Financial IQ.

Yours in Wealth


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