Financial intelligence is a subject not taught in schools.
Mathematics and Science are subjects. History and Geography are subjects. The Languages, Arts, Physical Education, Engineering, Law, Medicine, Agriculture and Architecture are subjects. Even Beauty and Skincare, Flower Arrangement, Hairdressing and Auto Maintenance are subjects.
Subjects take TIME to learn. It can take anything from 6 months, for example, Flower Arrangement or Ancient Massage, to 20 years. To be a doctor you have to go to school at age 7 and graduate at age 27. We are not born to know subjects, unless we are geniuses. Even geniuses like Mozart still have to study the Music subject formally.
There is one critical subject that is not taught in school. Neither is it taught anywhere outside the school. That subject is called Financial Intelligence. Some professionals mistake this subject as Accounting, Financial Management, MBA, Economics, Management, Commerce, etc. No, these subjects may be part of the syllabus of Financial Intelligence but they are not the subject. Financial Intelligence teaches us things like Assets and Liabilities, the differences between the Rich, Poor and Middle Class, and Investing.
Just like any other subject, Financial Intelligence takes time to learn. Contrary to what most people believe we are not born to know this subject.
We do not know whether this subject is as important as Medicine, Engineering or Law. But one thing is certain; not knowing this subject may cause a lifetime of hardship. One who has mastered this subject will have the power to do good to mankind. In 2006 Warren Buffett donated 85% of his wealth of US44 billion towards charity.
Financial intelligence is an overlooked subject.
Wednesday, June 18, 2008
The Overlooked Subject
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