(extracted from Ojijo’s Making My Child Financially Intelligent: Money Lessons by Age Group (from 3-13yrs)! OjijoGroup. Kampala. 2012. ISBN. 978-9966-123-05-3)
‘Financial literacy is the financial knowledge that enables my child to confidently make informed and effective decisions on how to acquire, manage and use her money.’
The knowledge includes both information and experience. My child has to get as much financial information, which can be in any of the three ways of getting education, that is, through formal education, apprenticeship or personal reading and self-coaching; and she has to amass experience and horn her skills by applying the information she so learns in daily experiences.
‘This mix of information and experience is what creates true knowledge.’
Intelligence is the gainful application of knowledge. Financial intelligence, hence, is the ability of my child to apply her financial knowledge to maximize her assets and income and minimize her liabilities and expenses. Napoleon Hill wrote, ‘Action is the real measure of intelligence.’
And the Buddhists have always believed,
‘to know, and not to use, is not yet to know’.
Financial intelligence will help my child to understand how financial systems work, and use them to her advantage to increase the amount of money she earns and keeps; to become rich and financially independent and free. When she is financially intelligent, she will be able to maximize her assets and income; and minimize her liabilities and expenses.
‘a financially intelligent child will grow up knowing how to increase income and minimize expenses.’
The foundation of financial intelligence, or financial IQ, is education; financial education, also called financial literacy.
For many of us, we received our money education the hard way – instead of receiving training from our parents, schools or through professional financial literacy programs many of us learned through trial and error. Unfortunately, when it comes to money, the trial and error method of learning is costly.
TRAINING BOOKS (By Ojijo):
¥ Defining Financial Literacy & Financial Intelligence
So, what is financial literacy?‘Financial literacy is the financial knowledge that enables my child to confidently make informed and effective decisions on how to acquire, manage and use her money.’
The knowledge includes both information and experience. My child has to get as much financial information, which can be in any of the three ways of getting education, that is, through formal education, apprenticeship or personal reading and self-coaching; and she has to amass experience and horn her skills by applying the information she so learns in daily experiences.
‘This mix of information and experience is what creates true knowledge.’
Intelligence is the gainful application of knowledge. Financial intelligence, hence, is the ability of my child to apply her financial knowledge to maximize her assets and income and minimize her liabilities and expenses. Napoleon Hill wrote, ‘Action is the real measure of intelligence.’
And the Buddhists have always believed,
‘to know, and not to use, is not yet to know’.
Financial intelligence will help my child to understand how financial systems work, and use them to her advantage to increase the amount of money she earns and keeps; to become rich and financially independent and free. When she is financially intelligent, she will be able to maximize her assets and income; and minimize her liabilities and expenses.
‘a financially intelligent child will grow up knowing how to increase income and minimize expenses.’
The foundation of financial intelligence, or financial IQ, is education; financial education, also called financial literacy.
For many of us, we received our money education the hard way – instead of receiving training from our parents, schools or through professional financial literacy programs many of us learned through trial and error. Unfortunately, when it comes to money, the trial and error method of learning is costly.
TRAINING BOOKS (By Ojijo):
- Making My Child Financially Intelligent: Money Lessons by Age Group (from 3-13yrs. OjijoGroup. 2012. Kampala. ISBN. 978-9966-123-05-3
- Talanta: Ojijo’s Guide to Identifying, Developing & Selling My Talent & Career Skills. 2012. OjijoGroup. Kampala. ISBN. 978-9966-123-07-7
- Invest: Ojijo’s Guide to Financial Instruments & Alternative Investment Products.2012. OjijoGroup. Kampala. ISBN. 978-9966-123-09-1
- Sell Something: Ojijo’s Guide to Entrepreneurship & Raising Capital. 2012. OjijoGroup. Kampala. ISBN. 978-9966-123-03-9
- I Am A Network Marketer: Ojijo’s Network Marketing Guide. 2012. OjijoGroup. Kampala. ISBN. 978-9966-123-10-7
- Making Money Together: Ojijo’s Investments Club Manual. OjijoGroup. 2012. Kampala. ISBN. 978-9966-123-04-6
- Retire Happy: 21 Questions To Plan My Retirement. 2012. OjijoGroup. Kampala. ISBN. 978-9966-123-08-4
- The Gift of e11even Moves to Make Me Wealthy. 2012. OjijoGroup. Kampala. ISBN. 978-9966-123-15-2
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