Tuesday, October 9, 2018

Reading 2 ~ Financial Intelligence - Due March 4th

What is the difference between IQ and Intelligence? (pgs. 15-33)

7 comments:

  1. The difference between your IQ and your intelligence is quite simple. An IQ is academic, how well you do in school. Intelligence is how you think. In the story, the dad told him to go make money, and he took it quite literally, and made fake nickels. Since he did this, he and his friend mark showed that they have great intelligence by using their minds, instead of just thinking something.

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  2. There are many differences between having high IQ and intelligence. Anyone can become book smart, and study as hard as they want to learn something. However, you have to have a special mindset to be intelligent. It doesn’t matter how many courses of school you have gone through, or how book smart you are, or what your grades look like, if you don’t know how to handle money properly, then you are still going to be the same as everyone else that didn’t put in the large amount of school work that you did. Being intelligent, you know how to out smart money, and how to make the amount grow in front of you. You don’t work for the money you “make the money work for you”. The intelligence you have can take you farther money wise than any IQ you can have. It doesn’t matter the job you get, if you don’t know how to make that money last, and work for you, all those degrees are going to do you no good.

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  3. The difference between IQ and intelligence is big. IQ is being able to know specific things throughout the world. It is also your knowledge of academics and school stuff. On the other hand, intelligence is as equally important. Intelligence is knowing the outside world. You know you have to work for money, so you use your intelligence to make money that will be sufficient to you.

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  4. What is the difference between intelligence and IQ? Intelligence is what Robert’s rich dad has and IQ is what Robert’s poor dad has. IQ is given through testing and the more advanced courses and the more schooling you have the more likely you are to have a higher IQ. On the other hand intelligence is given through learning from your mistakes and thinking outside of the box. One is learned and the other is like a rating.

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  5. Money is not taught in schools, therefore financial skills are not taught. This is why smart bankers, doctors, and accountants who earned excellent grades in school are struggling financially all of their lives. It doesn’t matter if you study hard, earn a degree and get a good job to work for money, if you don’t study financial skills, you will never have wealth. People need to study to be rich and understand how money works and learn how to have money work for you. Having a good education is important, but what is even more important is financial education. If you have the education about how money works, you gain power over it and can begin to build wealth. Most people go to school to receive a good education in hopes to make good money, but what they don’t realize is that they do not learn how money works, therefore, they spend their lives working for money.

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  6. IQ is something an individual has to perform and understand simple task and subjects. Intelligence is the ability to acquire and apply knowledge and skills. Even though Roberts poor dad had all of the college degrees, he chose to listen to his rich dad. In the book, the rich dad made positive and more helpful comments about how to live a better life and become successful. He said “Learn to manage risk” while the poor dad said to play it safe and not to take risks. Another statement said by the rich dad was “How can I afford it?” opposed to the poor dad saying “I can’t afford it” and giving up. Throughout this reading, I could see how the rich dad had more of an IQ than the poor dad. Overall, Intelligence and knowledge was overruled by IQ.

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  7. IQ is the ability to manage one's wealthy by understanding how money issues work and intelligence is the knowledge on how to correctly or safely use money without going into debt. A lot of people have problems when it comes to spending stuff because they don't think about the consequences but it will come back and haunt you in the future.

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