Skip to main content

Three Broad Areas of Financial IQ

Financial IQ is made up of three broad areas of experience :

1. Accounting.

Accounting is financial literacy or the ability to read numbers. This is a vital skill, if you want to build your own empire. The more money you are responsible for or more accuracy. This is the left-brain side, or the details. Financial literacy is the ability to read and understand financial statements which allows you to identify the strengths and weaknesses of any business.

2. Investing.

Investing is the science of making money. This involves strategies and formulas for making money.

3. Understanding markets.

Understanding markets is the science of supply and demand. You need to know the technical aspects of the market, in addition the fundamental of an investment.

Labels:

Comments

Post a Comment

If you have any doubt, Please let me know

Popular posts from this blog

Types of Different Business Entities | Part 1

  Hey Everyone! After a long time! I hope you are doing well in your lives and are chasing your dreams. So, the topic of today's blog post is the Types of Different Business Entities or Structures in India . If you want to start your own business, want to become an entrepreneur, or are interested in business. Then you are at the right place. After reading this blog, I can guarantee you that you will be able to know everything about starting a business in India.  Before I start, just give me a quick favor by commenting down your thoughts and sharing it with your friends and family members so that they can also know how to start a business in India . I again request you to do these steps because it requires a lot of effort and time to write such blogs that everyone can understand easily for free! I have been blogging for 3 years now, but unfortunately, I don't get any engagement. So, I again request you to do those steps because it will encourage me to write more valuable blogs ...
4 comments
Read more

Types of Different Business Entities | Part 2

Hey everyone! 👋 I hope you are doing well in your lives, and are chasing your dreams. So, today, we are going to discuss the remaining Types of Business Structures in India . Unfortunately, if you haven't checked the Part 1 of this series, you can  click here . However, if you have already read the Part 1 blog in which we have discussed about the  Sole Proprietorship and the  Partnership Firm in depth. Now, it's time to dive into the remaining ones. I think explaining all entities in one part would be hectic and time consuming, so in this series, we are going to cover one by one entity with full detail. Before we move on, let me make you remember that we basically have six business entities: Sole Proprietorship Partnership Firm Private Limited Company (Pvt. Ltd.) Limited Liability Partnership (LLP) Public Limited Company (Ltd.) One Person Company (OPC)  In the aftermentioned points, we have already discussed the first-two. Now, let's cover the remaining: 3 . Privat...
Post a Comment
Read more

The Secret Behind The Working of Trillion Dollar Companies!

Hello everyone! I am Ahtisham Asif Tantray , your favorite blogger, yeah! I hope you are doing well in your lives and are chasing your dreams. So, today we are going to talk about an important topic. Whether you are an entrepreneur, businessman, investor or even salaried folk, the topic we are going to talk today will help you to understand how businesses actually works, earns money and how they grow. And the most important thing we are going to learn is how we can analyze any business whether it will grow or fail. If you are kinda person who thinks about these things, then you are at the right place and I am here to resque. Without wasting any time let's get started! Excited? If not, I can guarantee you after reading this blog, you will get super exited! So, let's gooo 🔥 Today we are going to talk about Engines of Growth. Wait, what? What does this term mean bro? No worries, that's why I am here – Engines of Growth simply means the mechanism that a company or a startup us...
Post a Comment
Read more

⚠️ Important Update!

Hey Everyone! After a lot of hard work and excitement, we’re thrilled to announce that Sk8Soul is officially launched! 🎉 If you’re a streetwear enthusiast or just love fresh, stylish gear, this is your moment. Our collection is now live and ready to elevate your style game. In case you’re wondering what Sk8Soul is all about, let me give you a quick rundown: What is Sk8Soul? Sk8Soul isn’t just another streetwear brand. It’s a lifestyle. We’ve crafted high-quality, affordable clothing that’s perfect for anyone who wants to make a statement. From trendy tees to stylish caps, our collection has everything you need to stand out. Why Shop Sk8Soul? Fresh Designs: Our gear features unique designs that set you apart from the crowd. Top-Notch Quality: We use only the best materials to ensure our clothes look great and last long. Affordable Prices: Get premium streetwear without breaking the bank. Special Launch Offer! To celebrate our launch, we’re offering an exclusive discount. Use the c...
Post a Comment
Read more

What is Innovation Accounting?

Hey everyone! In the previous blog, we discussed the Build-Measure-Learn Feedback Loop . However, we didn't dive deep into Innovative Accounting. In today's blog, we are going to explore the fascinating world of Innovation Accounting. We've already grasped the concept of a successful company's feedback loop. In that it's necessary to check whether our efforts to tune the engine of growth are bearing fruits, in other words, whether we are making progress or not. In the traditional methodology, companies use outdated accounting to check progress. However, the startup world is too uncertain for Traditional Accounting to work effectively. To solve this problem, Innovation Accounting comes into play. To understand the concept of Innovation Accounting, we must know the difference between Traditional Accounting and Innovation Accounting: Disclaimer: If you want to understand this fully, I strongly recommend to check my previous blog* Traditional Accounting: In the conte...
1 comment
Read more

Demystifying The Whole Indian Tax System In Simplest Way!

Hey everyone! Hope you are doing well in your lives and have started earning some money. So, if you are earning some money, this blog-post is for you. Even If not, you can still read, of it will help you in future when you will start earning. So, just give me a quick favour by commenting down your thoughts about this post, share it to your friends and family members; trust me, it will help them a lot. If you will do these steps, it will mean a lot for me as it takes me 1 month to understand it fully by reading several books, watching multiple videos, and presenting it to you in easy vocabulary that every guy can understand it easily without any cost took me consequent 8 hours to write without any break. So, I again request please do it for me!  If you intelligently read this blog, I can guarantee you that you will know more about taxes than a Chartered Accountant (CA) . Without wasting your time let's move to the topic: Indian Tax System Is Divided Into Two Types of Taxes : 1) Dire...
1 comment
Read more