15 Ways to Increase Your Financial IQ

40% of the world’s population is financially illiterate.
Are you one of them?

00:00 - Intro
00:46 - The Finance Matrix
03:10 - Master the "Rule of 72"
05:16 - Decode behavioural finance
09:55 - Implement zero-based budgeting
11:48 - Study case studies of financial successes and failures
13:29 - Learn to read financial news critically
15:36 - Challenge yourself with financial experiments
17:05 - Analyze your favourite brands' financials
18:52 - Follow influential financial podcasts
20:44 - Read influential personal finance books
22:38 - Utilize gamified learning apps
23:58 - Set up a financial vision board and utilise goal-based investing
25:47 - Experiment with dollar-cost averaging
27:31 - Automate your finances
28:36 - Study the financial independence, retire early (FIRE) principles

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[SarahTaylor_]

My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.

[edward.abraham]

Building wealth and achieving financial independence is more achievable than commonly perceived. With access to accurate information, establishing lasting financial stability and prosperity becomes attainable. Engaging in prudent investment remains a primary avenue for generating substantial income and sustaining enduring wealth.

[Rochelletrem]

I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $90k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?

[YigitFasan]

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[kigletmary]

The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400, 000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.

[RaymondcrawRaymondCrawley]

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

[BateserJoanne]

Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.

[richardspenard]

I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460, 000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused about the current market volatility, I'm a newbie and I'm open to ideas

[CharlotteRosemary-]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[PatrickLloyd-]

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

[fiecqjv]

The value of the US dollar seems very much appreciating in other countries and as a result this can bring about plenty opportunity to invest and yield good benefits not withstanding though the flow of inflation.but one can still make a good gain from proper trade or investment

[c.t.u.o]

Currently working overseas but will return to my home country in the near future. I'm a landlord. I invested in property at the age of 22. Value has soared and renting out. Will live on the rental income I receive and live with my aging parents for the time being. At 60 I can withdrawal from my superannuation (401(k)). Have savings and eligible for the Australian pension at 63. In the future I may downsize, sell the property and buy cheaper property and add the left over money from the sale to savings. Lots of options for me. The way I see it if you have $1m at some point, that’d be enough to create a portfolio that would pay you between 50k-70k in dividend income...

[DavidCovington-stid]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[Windarti]

Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.

[suziehovic]

Federal Reserve may soon lose control of interest rates, claims Heresy Financial. This comes as a result of the United States government's intention to embark on a $1 trillion borrowing spree. This might cause the banking sector to lose so much liquidity that rates spiral out of control and are no longer in the control by the federal reserve. I'm sorry to say that despite investing, I lack the mental capacity to evaluate each company's performance and decide whether or not now is a good moment to acquire stocks. My reserve of $650K is being wiped out by inflation and the recession. Sincerely, I have no idea what to do.

[musashiwebb]

Ecology and economy share a common root, "oikos, " meaning "house or household." The Indo-European root is "woikos, " which gives us Latin "vicus, " a cluster of houses, and words such as village and vicinity.01 The suffix "-ology" means "study of." Ecology is a science devoted to understanding the complex, changing dynamics of Earth, while economy is derived from the Greek word "oikonomia, " meaning "house or household." The tension and contemporary enmity between ecology and economy is ironic because they share a common root.0 The connection between the two is being seen as relevant to the questioning of economic theory and policy.

Economic management and ecosystem management are intimately intertwined. The forces at play in an environment(the movement of energy from the Sun throughout the trophic systems) is similar to what human beings have done with the movement of money(energy/currency) within the human trade system to facilitate growth/well-being(or lack thereof) within our societies. There are plenty of rules/regulations within the current human economic system that are incongruent with how Nature has evolved/produced the most optimal means by which energy from our Sun permeates throughout the trophic levels to benefit all organisms throughout each season, every single year. I hope anyone reading this can benefit from studying both fields(ecology/economics) to bring more abundance to not only themselves, but to others around them. Best of luck to all on their Journey here on Earth.

[drjackliam]

Great video, I've been interested in investing ever since I came across articles of people making up to $100, 000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?

[watsonkashala]

00:00 - Intro
00:46 - The Finance Matrix
03:10 - Master the "Rule of 72"
05:16 - Decode behavioural finance
09:55 - Implement zero-based budgeting
11:48 - Study case studies of financial successes and failures
13:29 - Learn to read financial news critically
15:36 - Challenge yourself with financial experiments
17:05 - Analyze your favourite brands' financials
18:52 - Follow influential financial podcasts
20:44 - Read influential personal finance books
22:38 - Utilize gamified learning apps
23:58 - Set up a financial vision board and utilise goal-based investing
25:47 - Experiment with dollar-cost averaging
27:31 - Automate your finances
28:36 - Study the financial independence, retire early (FIRE) principles

[keemosupremo]

I really like the wordage in this one, glad I got a good vocabulary

[setforlife_media]

Financial intelligent is a must to learn. Thanks for always creating this kind of content and helping people to win financial games. Great video 👍